Questions about offshore banking and offshore banking
Offshore banks and offshore banking raise many questions: what is offshore banking and how are offshore banks different from normal? What are the advantages of an offshore bank and what…

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Formation of approaches to the functioning of the bank in the context of sustainable development
The world community is unanimous about the need to make changes in the functioning of banks and an understanding of their role in the financial market. So, according to V.V.…

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Modern loyalty programs of commercial banks
In the modern world, it is difficult to imagine a person who would not use bank cards. Due to its advantages and wide possibilities, this means of cashless payment has…

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Deutsche Bank leaves Latvia
Recently, Deutsche Bank has received several heavy blows to its reputation and pocket. He was accused of helping with money laundering, fraud and tax evasion. And then they wrote out…

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obligation

Bill circulation in the bank

Bill circulation exists in the economic life of various countries for several centuries. During this time, considerable experience has been gained in the use of bills of exchange; there are various versions of these securities.
None of the instruments of the financial market, except, of course, the money itself, in all the numerous manifestations of their economic functions, can be compared in its history and value with a bill. It was the development of circulation of bills of exchange that depreciated all cash payments: the displacement of metals – gold and silver from money circulation, the replacement of exchange circulation equivalents with paper symbols. Continue reading