Sweden and the Netherlands demand to disclose the clients of the Swiss UBS
It recently emerged that Sweden and the Netherlands filed administrative requests with the Swiss authorities asking them to state the names of their citizens who own accounts at UBS in…

Continue reading →

Currency operations of commercial banks and their role in economic development
In the conditions of transition of the economy to market relations and the development of the banking system, the development and improvement of currency operations of commercial banks is of…

...

Deposit operations
According to the economic content of the deposit can be divided into groups: - demand deposits; - term deposits; - savings deposits. Deposits can also be classified according to other…

...

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…

Continue reading →

replenishment

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