The Finseta Blog

We’d like to give a big welcome to Joshua Best who became part of the Finseta team today. Focusing on managing regulatory risk, internal policies and corporate procedures and operations. Joshua is Finseta’s new Head of Compliance and MLRO.

The origins of the Peso date back to the early Spanish Empire when the 8-real silver coin became known as a Peso.  The word literally means ‘weight’ in Spanish. The Peso is the name for many historic and current currencies in parts of the world that were once colonised by Spain. The most significant being Mexico and the […]

Most people have heard of the World Bank, but many don’t know exactly what it does. In the below article, we’ll look at its history and its role in today’s global economy. The agreement setting up the World Bank was signed here at the Mt. Washington Hotel in Bretton Woods, NH. Out of the ashes […]

Krone/Kroner/Krona is a Nordic translation of the Latin word ‘Corona’ which means Crown. This has been the name for multiple historic currencies in Scandinavia.  Currently, Denmark, Norway, Sweden and Iceland all use a form of this word as their currencies name. There is also a variation, Koruna, which is the name of the currency of the Czech Republic. Below we’ll […]

We’ve all heard at least one story from a Scottish citizen visiting London or a befuddled tourist who can’t understand why the shop just refused to accept the currency a bank gave them. And why not? It’s a perfectly legitimate bank note, right?  ‘Well, It’s not legal tender in England!’ someone might say. But what […]

The origins of the term Franc, unsurprisingly, date back to medieval France.  The Franc was historically used as a term to denote various monetary amounts in France. Following the French Revolution, a decimalised Franc was introduced as the national currency. The Franc was exported around the world in the 1800s and many countries which were previously […]