Almost everyone has a personal rule when it comes to money. This rule is to guard one from spending too much and end up with a pile of debts. Having a personal rule about your finances is definitely very admirable, but sometimes there are situations where you end up having to break rules just to be able to live comfortably. For instance, it is okay to save a portion of your yearly income as this will... Read More
Everyone wants to be financially successful, or at least to be financially stable. Ultimately, this is one of the goals that people strive to achieve. However, being financially secure and successful does not always happen for everyone. Hard work is not always enough to achieve this goal, as there are also other factors that contribute to being financially successful for the rest of your life. A basic... Read More
European Central Bank (ECB) announced today, that in the first half of this year increased the number of counterfeit euro banknotes identified from the first half of the year, AFP reported. ECB inform that been withdrawn from circulation about 413,000 counterfeit banknotes, representing an increase of 17% over the second half of 2008. The last major capture took place in late June in Bulgaria, where... Read More
China has a new manager of foreign exchange reserves. China appointed last week to end on Yi Gang, Deputy Central Bank, in the post of chief of the agency that manages the reserve currency of the State, the highest international level, writes Financial Times. Appointment of Yi in the administrations of foreign exchange reserves comes after the central bank announced last week that foreign currency... Read More
The emerging countries, with the exception of China and oil producers, will need the next five years, foreign exchange reserves of 400-900 billion dollars, where economies will recover after the financial crisis, according to IMF. For the next ten years, the International Monetary Fund (IMF) predicts that the need for foreign exchange reserves of a group of 118 emerging countries, except China and... Read More
