Why Central Banks Are Launching Digital Currency?

In recent years, we have witnessed the phenomenon of central banks launching their own digital currencies. Some examples include the Sand Dollar of Bahamas, e-CNY of China and e-krona of Sweden. This shift towards central bank digital currencies (CBDCs) is expected to intensify, as more countries launch their respective digital currencies. Around 100 countries including most G20 nations are actively …

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Who Funds World Bank?

An international financial institution, World Bank primarily focuses on providing funds and grants to countries for executing capital projects. The financial assistance is provided to low- and middle-income countries. The World Bank comprises five institutions, which are IBRD (The International Bank for Reconstruction and Development), IDA (The International Development Association), IFC (The International Finance Corporation), MIGA (The Multilateral Investment Guarantee …

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Top 5 Largest Banks In The World

The basic concept of banking has been in existence since several centuries when people did not even use money. It all started when the world traded with the barter system and a few merchants started giving grain loans to farmers. Modern day banking system developed in the 14th century, when several banking establishments started operating in Europe. Since then, banks …

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