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Tag Archives: currency

Future growth in gold

  Investors left with no option but to swap major currency for lucrative asset class like gold It is predicted that future growth will be evidenced in gold. The global economy in future may not based on the gold standard, but the recognized value of gold as the basis for real value — whether acknowledged by central banks or not — will never change. Historically, many civilizations have recognized the …

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Flaws and drawbacks of the IMF’s currency basket

  Established following World War II to help with post-war recovery, the International Monetary Fund (IMF) serves as a lender to modern governments and an overseer of international financial markets. Both the International Monetary Fund and the World Bank were created in 1944 at a conference in Bretton Woods, New Hampshire, and are now based in Washington, DC. The IMF was originally designed to promote international economic cooperation and provide …

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SECP’s online payment facility through credit cards gaining popularity abroad

  Bank Alfalah launches visa corporate credit cards The Securities and Exchange Commission of Pakistan (SECP)’s online fee submission facility, launched this year has gained currency and now the Commission has been regularly receiving fee through credit cards from various countries such as Belize, Hong Kong, Netherlands, Saudi Arabia, Singapore, UAE, UK and USA. The SECP introduced the facility for online payment of fee through credit cards in its eServices …

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The developing scenario of currency wars

  Some five years back, James Rickards, presented the scenario of impending global currency wars by war gaming with the assistance of Pentagon and a number of military, economics and financial experts. His book Currency Wars attracted a stunned readership from all around the world. A Forbes review said: At the end of the cold, and Middle East, wars, we have entered a perilous new world. Currency war is as …

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