What is interest?

Interest is the price paid for the use of bank funds. They are mainly monetary funds If the interest is expressed as a percentage we are talking about the interest rate….Read more

About securities

We must point out that the full value of certain securities that are here unknowingly have the same or similar importance in all countries.Many of these securities…Read more

About loan

For a loan, usually related, (cash) of an institution, which gives it to use of customers in a certain period of time under certain conditions.Conditions for obtaining the loan…Read more

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South Africa’s banks closing branches and ATMs rapidly

South Africa’s banks closing branches and ATMs rapidly

In the past 4-year South Africa banks have drastically reduced ATMs and branches. This trend continues as most of banks around the world started to reduce their ATMs and branches preparing for evolutionary step to era of digital cash in one-word digital banking. The dominance of digital banking has boosted banks income and reduction expenses. […]

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Economist and gold advocate Peter Schiff has warned, Fed's rate cut will lead to Economic Disaster

US Federal reserve cut interest rates by 50 base point, rising gold price and weakening US dollar

Economist and gold advocate Peter Schiff has warned, Fed’s rate cut will lead to Economic Disaster. He wrote on X platform, Elaborating: „Not only will this round of rate cuts not stop a cooling economy from entering a recession, but it will also turn up the heat of inflation, making the recession that much worse. […]

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New MasterCard cryptocurrency credit card in cooperation with Mercuryo

New MasterCard cryptocurrency credit card in cooperation with Mercuryo

MasterCard and Mercuryo have launched a multi-chain debit card, allowing users to spend their cryptocurrency directly from their wallets. This MasterCard functions as a debit card, available to use across MasterCard’s 100 M+ network of merchants. It integrates with both Apple Pay and Google Pay. How it works the MasterCard Web3 Card MasterCard and Mercuryo […]

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Russia to launch BRICS cryptocurrency cross-border exchange

Russia to launch BRICS cryptocurrency cross-border exchange

Russia announced on September the first to start its cryptocurrency cross-border exchange. As said the use of digital tokens will help the economy especially Russian companies to easy transaction outside country, because of the difficulties who are set by international sanction. Because of the international sanction and Western restriction Russia was forced to develop its […]

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The US dollar is facing lower position as the world reserve currency

The US dollar is facing lower position as the world reserve currency

There are many indicators that already show how the US dollar is losing his position and power in the world. The number one reserve currency is backed by debt. BRICS nations started to developed their own currency and many investors and government are turning back to gold and silver backed up currency. For now, the […]

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South African new inflation measure to monitor underlying prices

South African new inflation measure to monitor underlying prices

To support monetary policy decision making, South African Reserve Bank has constructed a new inflation measure to monitor underlying prices. In order to distinguish short-term inflationary pressures from those that are more persistent, this measure is unique and will provide policymakers with a better insight into inflationary fluctuations with headline and core inflation. Authors said […]

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Kazakhstan pays his first project with CBDC

Kazakhstan pays his first project with CBDC

Kazakhstan central bank has announced to pay her first project regarding railway construction whose goner connect China and Kazakhstan with CBDC. Launching his first pilot project to use central bank digital currency (CBDC) Kazakhstan has allocated funds and started the second phase of introduction of the (CBDC). The National Bank of Kazakhstan (NBK) statement that […]

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canada slowly going cashless small

Canada slowly going cashless

On May 24, 2022. Bank of Canada announced the exploration and research of issuing digital form of Canadian dollar; Canada has made a first step of going cashless. “Bank of Canada, in an era of rapid digitalization, we need to do the necessary work to be ready if Canadians’ payment preferences or needs change. As […]

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Banks of Saudi Arabia makes $9.27 billion profit in first five months of 2024

Banks of Saudi Arabia makes $9.27 billion profit in first five months of 2024

Banks in Saudi Arabia report a significant increase in profits. The robust performance of Saudi banks and the significant increase of profit are made from high-interest-rate, which has boosted bank profitability. We are witnessing de-dollarization and forming new BRICS block who has influenced the increase in interest rates. Saudi Arabia are now full member of […]

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Europe Central bank is in no hurry to make rate cuts

Inflation is now stabilizing but Europe Central bank is in no hurry to make rate cuts

Christine Lagarde, President of the ECB, at the opening of the ECB Forum on Central Banking in Sintra, Portugal, announced that inflation is stabilizing and that next goal of ECB is to get it down to 2%. Over the past few years many challenges have emerged with uncertain situation who threatened the EU economy. Fighting […]

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Entering the phase two of banking crises in U.S

Banking crises in United States continues

As many have witnessed a start of U.S. banking crises on march 2023 where Silver Gate and Silicon Valley bank closed its doors for regular customers who had millions of dollars in deposit. What for most of them look like a loss of their entire savings there was a miracle couple day later where U.S. […]

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BRICS Alternative to SWIFT Payment System

BRICS Alternative to SWIFT Payment System

Before we start analyzing specific systems like SWIFT and the newly announced BRICS replacement, we will briefly explain what SWIFT is and how it works. SWIFT or Society for Worldwide Interbank Financial Telecommunication is a cooperative established who started 1973 in Belgium. SWIFT provides banks and financial institution opportunities to send messages true international network. […]

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Average inflation rates in Africa

Average inflation rates in Asia

Average inflation rates in Europe

Average inflation rates in N.America

Average inflation rates in S.America

Average inflation rates in Oceania

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