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International Monetary System
- August 23, 2023
- Posted by: Agbaje
- Category: Financial institutions, Government
No CommentsIn today’s interconnected world, the concept of money transcends borders and is an integral part of international trade and finance. The international monetary system plays a pivotal role in shaping the global economic landscape, influencing the movement of currencies, facilitating transactions, and promoting financial stability. This article delves into the nuances of the international monetary
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What is the Petrodollar?
- August 8, 2023
- Posted by: Agbaje
- Category: Financial institutions
The term ‘petrodollar’ was coined in the 1970s after the Bretton Woods collapse when a system was established to sell oil in U.S. dollars exclusively. This system has immense implications for international trade and the global economy. The petrodollar system originated from agreements between the U.S. and Saudi Arabia which were later extended to the
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What Happens to Your Money If a Bank Collapses?
- March 20, 2023
- Posted by: Agbaje
- Category: Financial institutions, Gold
In today’s world, banking institutions are integral to our financial well-being. Banks are trusted entities where individuals can deposit money, access credit, and manage their finances. But what happens if a bank fails? Is your money safe in the event of a bank collapse? You may be concerned about your finances due to recent bank
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Can Banks Seize Your Money?
- March 13, 2023
- Posted by: Agbaje
- Category: Financial institutions
Money is the backbone of our modern economy, and banks are the guardians of our wealth. We trust them with our hard-earned cash, assuming it is safe and secure. However, recent events and historic banking failures have raised questions about the safety of our money in banks. Can banks seize your money without your permission?
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