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Abkhazian apsar
The apsar (Abkhaz: аԥсар, āpsār; symbol:) is a currency of Abkhazia. So far, coins in denominations of 1, 2, 3, 5, 10, 20, 25, 50, and 100 apsars and banknotes in denominations of 10, 25, 50, 100, 200 and 500 apsars have been issued. While the coins and banknotes are legal tender in the Republic of Abkhazia, their usage is limited, and they are mostly made for collectors. In Abkhazia, t
FinanceAsylum, Migration and Integration Fund
The European Commission's Asylum, Migration and Integration Fund (previously the Return Fund, the Refugee Fund, and the Integration Fund) is a funding programme managed by the Directorate-General for Migration and Home Affairs which promotes the efficient management of migration flows and the implementation, strengthening and development of a common approach to asylum and immigration in
Trading basicsAudience measurement
Audience measurement calculates how many people are in an audience, usually in relation to radio listenership and television viewership, but also in relation to newspaper and magazine readership and, increasingly, web traffic. The term is sometimes used with regard to practices that help broadcasters and advertisers determine who is listening, rather than how many people are listening. I
Trading basicsBahraini dinar
The dinar (Arabic: دينار بحريني, romanized: Dīnār Baḥrēnī) (sign: .د.ب or BD; code: BHD) is the currency of Bahrain. Each dinar is divided into 1000 fulūs (singular is "fils"). The Bahraini dinar is abbreviated د.ب (Arabic) or BD (Latin). It is usually represented with three decimal places denoting the fils.
Securities & exchangesBanja Luka Stock Exchange
The Banja Luka Stock Exchange (BLSE; Serbian: Бањалучка берза, Banjalučka berza) is a stock exchange which operates in the city of Banja Luka in the Republika Srpska, Bosnia and Herzegovina. The Banja Luka Stock Exchange is a member of the Federation of Euro-Asian Stock Exchanges.
BankingBanking in Argentina
During the 1990s, marked by President Carlos Menem's policies of liberalization, Argentina's financial system saw a significant consolidation and strengthening, in large part through foreign investment. In addition to high reserve and capital-adequacy requirements, the Central Bank of Argentina maintained a repurchase agreement with a consortium of international banks to provide a $6,000
BankingBanking in Austria
The banking system in Austria plays a pivotal role in the country's economy, ensuring financial stability and providing essential services to both individuals and businesses. The Austrian banking system is characterized by a three-tier structure, consisting of joint-stock banks, savings banks (Sparkassen), and cooperative banks (Raiffeisenbanken and Volksbanken).
BankingBanking in Azerbaijan
Banking in Azerbaijan in its present form dates back to 1992, but it originated in the second half of the 19th century and continued through the Soviet period. It consists of the country's central bank, the Central Bank of Azerbaijan, founded on 11 February 1992, and other commercial banks. The commercial banks in the country are joint–stock companies.
BankingBanking in Canada
The banking sector of Canada is a large component of the nation's private sector and the broader Canadian economy. It is dominated by a small number of large banks, with the six largest combining for 93% of the banking assets. The two largest, the Royal Bank of Canada and the Toronto Dominion Bank are among the world's 25 largest banks. It has been considered to be one of the safest and
BankingBanking in Cuba
This article discusses banking in Cuba and gives an overview of the recent past. For details on the Cuban economy in general, see economy of Cuba.
BankingBanking in Egypt
Banking in Egypt is regulated by the Central Bank of Egypt. Egypt’s banking sector has undergone major reforms since the 1990s, resulting in a liberalized and modernized system aligned with international standards. Financial inclusion has expanded, with 74.8% of Egyptians aged 15 and above using financial accounts, reaching 52 million users by 2024. Usage spans banks, Egypt Post, mobile
BankingBanking in Guyana
Banking in Guyana follows the country's tumultuous economics history, from formal introduction under British rule, the socialist-oriented nationalization of banks at independence, to IMF sponsored open-market initiatives. The banking industry faces increased pressure to meet global standards domestically, as well as attract international investors, and serve the large number of diaspora
BankingBanking in New Zealand
The Banking sector in New Zealand dates back to the early days of European settlement in the country. Over the years, the banking industry has played a vital role in supporting economic growth and development, providing financial services to individuals, businesses, and the government. This article explores the significant milestones and transformations in the history of the New Zealand
BankingBanking in Nicaragua
Banking in Nicaragua refers to its financial system, which includes private and state-owned banks, microfinance institutions, financial cooperatives, and insurance providers. All institutions are regulated by the Superintendency of Banks and Other Financial Institutions (SIBOIF), which makes sure there compliance with domestic laws and international standards. The Nicaraguan banking sect
BankingBanking in Panama
Panama has a substantial financial services sector. The sector grew up providing trade finance for trade passing through the Panama Canal, and later evolved into money laundering for the drug trade under Manuel Noriega.
BankingBanking in Russia
Banking in Russia is subject to significant regulations as banks in the Russian Federation have to meet mandatory Russian legislation requirements, and comply with numerous Bank of Russia instructions and regulations.
BankingBanking in Serbia
Banking in Serbia is regulated by the central bank in Serbia, the National Bank of Serbia. The mandate of the National Bank of Serbia is to contribute, without prejudice to its primary objective, to the maintenance and strengthening of the stability of the financial system and Economy of Serbia. To determine and implement measures and activities to that effect.
BankingBanking in Switzerland
Banking in Switzerland dates to the early 18th century through Switzerland's merchant trade and over the centuries has grown into a complex and regulated international industry. Banking is seen as emblematic of Switzerland
BankingBanking in the United Kingdom
Banking in the United Kingdom encompasses a system of banks and bank-like financial institutions that provide financial services to consumers and businesses, overseen by regulators and ultimately, the central bank, the Bank of England. The sector consists of incumbent major banks and innovative challenger banks. Fitch has described it as "one of the most developed and competitive [bankin
BankingBanking in Turkey
Banking in Turkey is an important aspect of the financial system Turkey's dynamic economy. Banks handle the majority of money and capital market transactions and activity. Commercial banks make up the majority of Turkey's financial sector, accounting for 91 percent of overall financial sector assets as of 2020.
BankingBanking in Ukraine
The history of banking in Ukraine since Ukrainian independence in 1991 has seen since the late 2000s several periods of bank mergers and acquisitions of different natures. Early 2016 117 banks were operating in Ukraine, their assets amounted to ₴1.254 trillion. According to the central bank of Ukraine there were 81 solvent licensed banks in Ukraine on 1 October 2018 whose assets were ₴1.
Trading basicsBankruptcy Law in the Republic of Ireland
Bankruptcy in Irish Law is a legal process, supervised by the High Court whereby the assets of a personal debtor are realised and distributed amongst his or her creditors in cases where the debtor is unable or unwilling to pay his debts.
BankingBosna Bank International
Bosna Bank International d.d. Sarajevo, or simply BBI Banka, is a commercial bank serving Bosnia and Herzegovina headquartered in Sarajevo.
Trading basicsBosnia and Herzegovina convertible mark
The convertible mark (Bosnian; sign: KM; code: BAM) is the currency of Bosnia and Herzegovina. It is divided into 100 pfenig or fening and locally abbreviated KM. While the currency and its subunits are uniform for both constituent polities of Bosnia and Herzegovina, namely the Federation of Bosnia and Herzegovina (FBiH) and Republika Srpska (RS), the designs of the KM 10, KM 20, KM 50,
BankingBritish Bankers' Association
The British Bankers' Association (BBA) was a trade association for the UK banking and financial services sector. From 1 July 2017, it was merged into UK Finance.
Trading basicsCapital Markets Union
The Capital Markets Union (CMU) is an economic policy initiative launched by the former president of the European Commission, Jean-Claude Juncker in the initial exposition of his policy agenda on 15 July 2014. The main target was to create a single market for capital in the whole territory of the EU by the end of 2019. The reasoning behind the idea was to address the issue that corporate
Fiat currenciesCent (currency)
The cent is a monetary sub-unit of many currencies that equals a hundredth (1⁄100) of the currency's base unit. The word derives from the Latin centum, 'hundred'.
BankingCentral Bank of Bosnia and Herzegovina
The Central Bank of Bosnia and Herzegovina (Bosnian, Croatian and Serbian: Centralna banka Bosne i Hercegovine / Централна банка Босне и Херцеговине) is the central bank of Bosnia and Herzegovina, located in the capital city, Sarajevo.
Payments & settlementCentral securities depository
A central securities depository (CSD) is a specialized financial market infrastructure organization holding securities such as shares or bonds, either in certificated or uncertificated (dematerialized) form, allowing ownership to be easily transferred through a book entry rather than by a transfer of physical certificates. This allows brokers and financial companies to hold their securit
BankingCoin wrapper
A coin wrapper, also known as a bank roll or simply a roll, is a paper or plastic container designed to hold a specific number of coins. During 19th century, newly minted coins were collected in cloth bags. Initially, coin wrapping was a manual process. Since the onset of the 20th century, coin wrapping machines have been in use. The earliest patent for a coin wrapping machine was in 190
FinanceConsumer debt
In economics, consumer debt is the amount owed by consumers (as opposed to amounts owed by businesses or governments). It includes debts incurred on purchase of goods that are consumable and/or do not appreciate. In macroeconomic terms, it is debt which is used to fund consumption rather than investment.
Trading basicsCorruption Perceptions Index
The Corruption Perceptions Index (CPI) is an index published annually by Transparency International, a German registered association, since 1995. It scores and ranks countries by their perceived levels of public sector corruption, as assessed by experts and business executives. The CPI generally defines corruption as an "abuse of entrusted power for private gain".
Fiat currenciesCurrency board
In public finance, a currency board is a mechanism by which a monetary authority is required to maintain a fixed exchange rate with a foreign currency by fully backing the commitment with foreign holdings, or reserves. This policy objective requires the conventional objectives of a central bank to be subordinated to the exchange rate target.
Fiat currenciesCurrency symbol
A currency symbol or currency sign is a graphic symbol used to denote a currency unit. Usually it is defined by a monetary authority, such as the national central bank for the currency concerned.
BankingDinar
The dinar (, ) is the name of the principal currency unit in several countries near the Mediterranean Sea, with a more widespread historical use. The English word "dinar" is the transliteration of the Arabic دينار (dīnār), which was possibly borrowed via the Syriac dīnarā from the Latin dēnārius.
Fiat currenciesEconomic and Monetary Union of the European Union
The economic and monetary union (EMU) of the European Union is a group of policies aimed at converging the economies of member states of the European Union at three stages.
FinanceEquivalence in financial services
The principle of equivalence in financial services at the European Union (EU) level is one of the instruments the Commission has at its disposal to carry out its international strategy for financial services. The principle of equivalence is materialised through an equivalence decision issued by the European Commission to a targeted country that it judges fit to have access to the Europea
BankingEURion constellation
The EURion constellation (also known as Omron rings or doughnuts) is a pattern of symbols incorporated into a number of secure documents such as banknotes, cheques, and ownership title certificate designs worldwide since about 1996. It is added to help imaging software to detect the presence of such a document in a digital image, or scanners to detect such a document being scanned. The s
FinanceEuropean Bank for Reconstruction and Development
The European Bank for Reconstruction and Development (EBRD; French: Banque européenne pour la reconstruction et le développement or BERD), is an international financial institution founded in 1991 in Paris. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies.
BankingEuropean Banking Federation
The European Banking Federation (EBF) is a trade association representing national banking associations in countries of the European Union, the European Free Trade Association, and the United Kingdom. It represents over 5,000 institutions It was established in 1960 as the Fédération bancaire européenne.
Securities & exchangesEuropean Central Securities Depositories Association
European Central Securities Depositories Association (ECSDA) is the official trade association for the Central Securities Depository industry in Europe. The association provides a forum for Central Securities Depositories (CSDs) to exchange views and take forward projects of mutual interest.
FinanceEuropean Stability Mechanism
The European Stability Mechanism (ESM) is an intergovernmental organization located in Luxembourg City, which operates under public international law for all eurozone member states having ratified a special ESM intergovernmental treaty. It was established on 27 September 2012 as a permanent firewall for the eurozone, to safeguard and provide instant access to financial assistance program
Trading basicsFaroese króna
The króna (plural: krónur; sign: kr) is the currency of the Faroe Islands. It is issued by Danmarks Nationalbank, the central bank of Denmark. It is not a separate currency, but is rather a local issue of banknotes denominated in the Danish krone, although Danish-issued coins are still used. Consequently, it does not have an ISO 4217 currency code and instead shares that of the Danish kr
Securities & exchangesFederation of Euro-Asian Stock Exchanges
The Federation of Euro-Asian Stock Exchanges (FEAS) is a non-profit international organization comprising the main stock exchanges in Eastern Europe, the Middle East, and Central Asia. The purpose of the Federation is to contribute to the cooperation, development, support and promotion of capital markets in Eurasia, although membership in the Federation is open to markets internationally
Fiat currenciesFixed exchange rate
A fixed exchange rate, often called a pegged exchange rate or pegging, is a type of exchange rate regime in which a currency's value is fixed, or pegged, by a monetary authority against the value of another currency, a basket of other currencies, or another measure of value, such as gold or silver.
Trading basicsForeign direct investment in Iran
Foreign direct investment in Iran (FDI) refers to investment by foreign individuals or companies in businesses operating in the country. Net FDI inflows to Iran are recorded in the World Bank's World Development Indicators, using data from the International Monetary Fund, UN Trade and Development, and official national sources. It has been hindered by unfavorable or complex operating req
Trading basicsFrontier market
A frontier market is a term for a type of developing country's market economy which is more developed than a least developed country's, but too small, risky, or illiquid to be generally classified as an emerging market economy. The term is an economic term which was coined by International Finance Corporation's Farida Khambata in 1992. The term is commonly used to describe the equity ma
Fiat currenciesGeorgian lari
The lari (Georgian: ლარი, pronounced [ˈɫaɾi]; ISO 4217: GEL, sign: ₾) is the currency of Georgia. It is divided into 100 tetri (თეთრი). The name lari is an old Georgian word denoting a hoard, property, while tetri is an old Georgian monetary term (meaning 'white') used in ancient Colchis from the 6th century BC. Earlier Georgian currencies include the maneti (Georgian: მანეთი), abazi (აბ
Fiat currenciesGerman mark (1871)
The German mark (German: Goldmark [ˈɡɔltmaʁk] ; sign: ℳ︁) was the currency of the German Empire, which spanned from 1871 to 1918. The mark was paired with the pfennig (₰) as its minor unit; 100 pfennigs were equivalent to 1 mark. The mark was on the gold standard from 1871 to 1914, but like most nations during World War I, the German Empire removed the gold backing in August 1914, and go
Trading basicsGlobal debt
Global debt refers to the total amount of money owed by all sectors, including governments, businesses, and households worldwide.
FinanceGlobal Forum on Transparency and Exchange of Information for Tax Purposes
The Global Forum on Transparency and Exchange of Information for Tax Purposes was founded in 2000 and restructured in September 2009. It consists of OECD member countries as well as other jurisdictions that have agreed to implement tax related transparency and information exchange. The forum works under the auspices of the OECD and G20. Its mission is to "implement the international stan
BankingGold dinar
The gold dinar (Arabic: ﺩﻳﻨﺎﺭ ذهب) is an Islamic medieval gold coin first issued in AH 77 (696–697 CE) by Caliph Abd al-Malik ibn Marwan. The weight of the dinar is 1 mithqal (4.25 grams or 0.137 troy ounces).
Trading basicsGuernsey pound
The pound is the currency of Guernsey. Since 1921, Guernsey has been in currency union with the United Kingdom and the Guernsey pound is not a separate currency but is a local issue of sterling banknotes and coins, similar to the banknotes issued in Scotland, England, Wales and Northern Ireland (see Banknotes of the pound sterling). It can be exchanged at par with other sterling coinage
Fiat currenciesHard currency
In macroeconomics, hard currency, sound money, safe-haven currency, or strong currency is any globally traded currency that serves as a reliable and stable store of value. Factors contributing to a currency's hard status might include its historical use as a money (such as gold or silver), or if it is a fiat currency, the stability and reliability of the respective state's legal and bure
Trading basicsIncorporation (business)
Incorporation is the formation of a new corporate body. The body may be a business corporation, a nonprofit organization, a sports club, or similar. The term is also applied in local government to the formation of a new city or town and this is called a municipal corporation.
FinanceInternational Bank Account Number
The International Bank Account Number (IBAN) is an internationally agreed upon system of identifying bank accounts across national borders to facilitate the communication and processing of cross border transactions with a reduced risk of transcription errors. An IBAN uniquely identifies the account of a customer at a financial institution. It was originally adopted by the European Commit
Trading basicsInternational dollar
The international dollar (int'l dollar or intl dollar, symbols Int'l$., Intl$., Int$), also known as Geary–Khamis dollar (symbols G–K$ or GK$), is a hypothetical unit of currency that has the same purchasing power parity (PPP) that the U.S. dollar had in the United States at a given point in time. It is mainly used in economics and financial statistics for various purposes, most notably
FinanceInternational Organization of Securities Commissions
The International Organization of Securities Commissions (IOSCO) is an association of organizations that regulate the world's securities and futures markets. Members are typically primary securities and/or futures regulators in a national jurisdiction or the main financial regulator from each country. Its mandate is to:
Trading basicsInternational taxation
International taxation is the study or determination of tax on a person or business subject to the tax laws of different countries, or the international aspects of an individual country's tax laws as the case may be. Governments usually limit the scope of their income taxation in some manner territorially or provide for offsets to taxation relating to extraterritorial income. The manner
Trading basicsInternational tourism advertising
International tourism advertising is tourism-related marketing on the part of a private or public entity directed towards audiences abroad, and might target potential travelers and non-travelers alike. Wholly private firms such as travel agencies, hotel chains, cruise agencies, non-governmental organizations (NGOs) often run their own advertising campaigns to market their existence, mis
Fiat currenciesIranian rial
The rial (Persian: ریال ایران, romanised: Riāl-e Irān; symbol: ﷼; abbreviation: Rl (singular) and Rls (plural) or IR in Latin; ISO code: IRR) is the official currency of Iran. It is subdivided into 100 dinars, but due to the rial's low purchasing power, the dinar is not practically used. The Iranian toman is the primary colloquial denomination of the Iranian rial.
Trading basicsJersey pound
The pound (French: Livre de Jersey, Jèrriais: Louis d'Jèrri; abbreviation: JEP; sign: £) is the currency of Jersey. Jersey is in currency union with the United Kingdom, and the Jersey pound is not a separate currency but is an issue of banknotes and coins by the States of Jersey denominated in sterling, in a similar way to the banknotes issued in Scotland and Northern Ireland (see Bankno
Trading basicsJordanian dinar
The Jordanian dinar (Arabic: دينار أردني; code: JOD; symbol: د.أ, unofficially abbreviated as JD) has been the currency of Jordan since 1950. The Central Bank of Jordan commenced operations in 1965 and became the sole issuer of Jordanian currency and central bank, in place of the Jordan Currency Board.
Fiat currenciesKazakhstani tenge
The tenge (ten-geh, or ; Kazakh: теңге, teñge [tʲeŋˈɡʲe]; Russian: тенге; sign: ₸; code: KZT) is the currency of Kazakhstan. It is divided into 100 tiyn (tea-ANN, Kazakh: тиын, tiyn [təˈjən]).
Trading basicsList of countries by Corruption Perceptions Index
This is a list of countries by Corruption Perceptions Index (CPI) as published by Transparency International, including scores and rankings. The Corruption Perceptions Index (CPI) assesses countries by their perceived levels of public sector corruption, as assessed by experts and business executives. The CPI generally defines corruption as an "abuse of entrusted power for private gain".
Fiat currenciesList of countries by exchange rate regime
This is a list of countries and territories by their exchange rate regime.
Trading basicsList of countries by foreign direct investment inflows
This is the list of countries by flows of received foreign direct investment (FDI). The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1.
Trading basicsList of countries by foreign direct investment outflows
This is the list of countries by flows of foreign direct investment (FDI) abroad. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1.
Fiat currenciesList of countries by foreign exchange reserves
Foreign exchange reserves, also called Forex reserves, in a strict sense, are foreign-currency deposits held by nationals and monetary authorities. However, in popular usage and in the list below, it also includes gold reserves, special drawing rights (SDRs), and IMF reserve positions because this total figure (more accurately called "official reserves", "international reserves", or "off
Trading basicsList of countries by government debt
This article contains a list of countries by government debt. Gross government debt is government financial liabilities that are debt instruments. A debt instrument is a financial claim that requires payment of interest and/or principal by the debtor to the creditor in the future. Examples include debt securities (such as bonds and bills), loans, and government employee pension obligatio
Fiat currenciesList of currencies in Europe
There are 26 currencies currently used in the 50 countries of Europe. All de facto present currencies in Europe, and an incomplete list of the preceding currency, are listed here.
Fiat currenciesList of historical currencies
This is a list of historical currencies.
Fiat currenciesMaastricht Treaty
The Treaty on European Union, commonly known as the Maastricht Treaty, is the foundation treaty of the European Union (EU). Concluded in 1992 between the then-twelve member states of the European Communities, it announced "a new stage in the process of European integration" chiefly in provisions for a shared European citizenship, for the eventual introduction of a single currency, and (w
Fiat currenciesMacedonian denar
The denar (Macedonian: денар; plural: denari / денари; abbreviation: den / ден; ISO code: MKD) is the currency of North Macedonia. Though subdivided into one hundred deni (дени), coins with a denomination of less than one denar have not been in use since 2013.
Trading basicsManx pound
The pound (abbreviation: IMP; sign: £), or Manx pound (Manx: Punt Manninagh; in order to distinguish it from other similar-named currencies), is the currency of the Isle of Man, at parity with sterling. The Manx pound is divided into 100 pence. Notes and coins, denominated in pounds and pence, are issued by the Isle of Man Government.
Fiat currenciesMark (currency)
The mark was a currency or unit of account in many states. It is named for the mark unit of weight. The word mark comes from a merging of three Germanic words, Latinised in 9th-century post-classical Latin as marca, marcha, marha or marcus. It was a measure of weight mainly for gold and silver, commonly used throughout Europe and often equivalent to 8 troy ounces (250 g). Considerable va
FinanceMinistry of Finance and Treasury (Bosnia and Herzegovina)
The Ministry of Finance and Treasury of Bosnia and Herzegovina (Serbo-Croatian: Ministarstvo finansija i trezora Bosne i Hercegovine / Министарство финансија и трезора Босне и Херцеговине) is the governmental department which oversees the public finances of Bosnia and Herzegovina.
BankingModern gold dinar
The modern gold dinar (sometimes referred as Islamic dinar or Gold dinar) is a proposed bullion gold coin, so far not issued as official currency by any national state. It aims to revive the historical gold dinar, which was a leading coin of early Islam. Advocates have suggested it could consist of minted gold coins (dinars) or of silver coins (dirhams).
FinanceMultilateral Investment Guarantee Agency
The Multilateral Investment Guarantee Agency (MIGA) is an international financial institution which offers political risk insurance and credit enhancement guarantees. These guarantees help investors protect foreign direct investments against political and non-commercial risks in developing countries. MIGA is a member of the World Bank Group and is headquartered in Washington, D.C. in the
Trading basicsNCR Voyix
NCR Voyix Corporation, previously known as NCR Corporation and National Cash Register, is a global software, consulting and technology company providing several professional services and electronic products. It produces self-service kiosks, point-of-sale software and terminals, check processing systems, thermal printers, and barcode scanners.
Trading basicsOrangina
Orangina (French pronunciation: [ɔʁɑ̃ʒina]) is a French lightly carbonated beverage made from carbonated water, 12% citrus juice (10% from concentrated orange and 2% from a combination of concentrated lemon, concentrated mandarin, and concentrated grapefruit juices), as well as 2% orange pulp. Orangina is sweetened with sugar or high fructose corn syrup (glucose-fructose) and, in some ma
FinancePensions in Ukraine
Pensions in Ukraine provide income for retirees in Ukraine. They are provided pursuant to the Law of Ukraine on Compulsory State Pension Insurance (statements of the Ukrainian Supreme Council, 2003, No. 49–51, art. 376) that specifies a three-tiered pension provision system.
Trading basicsPfennig
The pfennig (German: [ˈpfɛnɪç] ; pl. 'pfennigs' or 'pfennige' (); symbol pf or ₰) or penny is a former German coin or note, which was an official currency from the 9th century until the introduction of the euro in 2002. While a valuable coin during the Middle Ages, it lost its value through the years and was the minor coin of the Mark currencies in the German Reich, West Germany and East
BankingPolitically exposed person
A politically exposed person (PEP) in financial regulation is one who has been entrusted with a prominent public function. A PEP generally presents a higher risk for potential involvement in bribery and corruption by virtue of their position and the influence they may hold. The terms "politically exposed person" and senior foreign political figure are often used interchangeably, particul
BankingPrime rate
The prime rate or prime lending rate is an interest rate used by banks, typically representing the rate at which they lend to their most creditworthy customers. Some variable interest rates may be expressed as a percentage above or below prime rate.
Trading basicsReader's Digest
Reader's Digest is an American general-interest family magazine, published six times a year. Formerly based in Chappaqua, New York, it is now headquartered in midtown Manhattan. The magazine was founded in 1922 by DeWitt Wallace and his wife Lila Bell Wallace. For many years, Reader's Digest was the best-selling consumer magazine in the United States; it lost that distinction in 2009 to
Payments & settlementReal-time gross settlement
Real-time gross settlement (RTGS) systems are specialist funds transfer systems where the transfer of money or securities takes place from one bank to any other bank on a "real-time" and on a "gross" basis to avoid settlement risk. Settlement in "real time" means a payment transaction is not subjected to any waiting period, with transactions being settled as soon as they are processed. H
Securities & exchangesRepublika Srpska Securities Commission
The Republika Srpska Securities Commission (Serbian: Комисија за хартије од вриједности Републике Српске or Komisija za hartije od vrijednosti Republike Srpske) is a financial services regulator in Republika Srpska, Bosnia and Herzegovina. It is based in the city of Banja Luka.
Trading basicsRetirement age
This article lists the statutory retirement age in different countries. In some contexts, the retirement age is the age at which a person is expected or required to cease work. It is usually the age at which such a person may be entitled to receive superannuation or other government benefits, like a state pension.
Trading basicsScottish Catholic International Aid Fund
The Scottish Catholic International Aid Fund, better known by its acronym SCIAF, is the official aid and development agency of the Catholic Church in Scotland. Established in 1965, SCIAF now works in eight countries across Asia, Africa and Latin America and providing assistance to vulnerable people. SCIAF works with partner organisations and has responded to humanitarian disasters with e
FinanceSerbia and the International Monetary Fund
Serbia has been a member of the International Monetary Fund (IMF) since December 14, 2022 with a quota of Special Drawing Rights (SDR) 654.8 million ($615.21 million) and 8,000 votes (0.16% of the total vote share). Serbia is currently represented on the Executive Board by Piotr Trabinski in a constituency with Azerbaijan, Kazakhstan, the Kyrgyz Republic, Poland, Serbia, Switzerland, Taj
Fiat currenciesSerbian dinar
The dinar (Serbian Cyrillic: динар, pronounced [dînaːr]; paucal: dinara, динара; abbreviation: DIN (Latin) and дин (Cyrillic); code: RSD) is the currency of Serbia. The dinar was first used in Serbia in medieval times, its earliest use dating back to 1214. The dinar was reintroduced as the official Serbian currency by Prince Mihailo in 1868. It was used until the 1920s when it was replac
Payments & settlementSingle Euro Payments Area
The Single Euro Payments Area (SEPA) is a payment-integration system of the European Union that makes cross-border bank transfers in euros as fast, cheap, and simple as domestic payments. It allows individuals and businesses to make cashless euro transfers to any account within the zone using a single bank account and an International Bank Account Number, under the same basic conditions
FinanceSkattrannsóknarstjóri ríkisins
Skattrannsóknarstjóri ríkisins, also known as the Directorate of Tax Investigations (DTI) is responsible for investigating legal cases where suspicions of tax fraud, tax evasion, or other violations of tax law are found within Iceland. The DTI is accountable to the Minister of Finance.
Trading basicsSocialist self-management
Socialist self-management or self-governing socialism was a form of workers' self-management used as a social and economic model formulated by the League of Communists of Yugoslavia. It was instituted by law in 1950 and lasted in the Socialist Federal Republic of Yugoslavia until 1990, just prior to its breakup in 1992.
FinanceSupervisory and Financial Information Authority
The Supervisory and Financial Information Authority (Italian: Autorità di Supervisione e Informazione Finanziaria; ASIF), which is guaranteed full autonomy and independence in the performance of its institutional functions, is the central institution in the Holy See and Vatican City State that has exclusive competence for supervision and regulation for the purpose of money laundering, th
BankingUkraine and the World Bank
Ukraine joined the World Bank in 1992, and over the 25 years since, the World Bank has committed $10 billion to over 70 projects in Ukraine. Ukraine is in a constituency with Armenia, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, Macedonia, Moldova, Montenegro, Romania, and the executive director of the constituency is Frank Heemskerk from the Netherlands.
Fiat currenciesUkrainian hryvnia
The hryvnia ( (hə-)RIV-nee-ə; Ukrainian: гривня [ˈɦrɪu̯nʲɐ] , abbr. грн hrn; sign: ₴; code: UAH) has been the national currency of Ukraine since 2 September 1996. Each hryvnia, the base unit, is divided into 100 kopiyka (sometimes called kopecks in English; Ukrainian: копійка). It is named after a measure of weight used in Kievan Rus'.
Fiat currenciesWarren Coats
Warren L. Coats Jr. (born May 19, 1942), is an economist specializing in monetary policy. He retired from the International Monetary Fund in May 2003 to join the board of directors of the Cayman Islands Monetary Authority. He is president of Economic Consulting, providing technical assistance to central banks, and until recently was adviser to the central banks of Afghanistan (for the IM
Fiat currenciesWorld currency
A world currency, supranational currency, or global currency is a currency that is widely used in international finance or in international trade to price goods or other transactions. It is generally a currency which is stable in terms of inflation and has a high demand on the foreign exchange market. Greek and Roman coins were the first world currency, followed by Dutch guilders in the