The Finseta Blog

Finseta plc (AIM: CSFS), the cloud-based provider of international payment, currency risk management and electronic account services to SMEs, announces that Elliott Mannis, Non-Executive Chairman, has today informed the Company that, for personal reasons, he intends to step down from the Board with effect from 31 August 2022. Additionally, Stephen Flynn, an Executive Director and Chief Technology Officer, is […]

The US Dollar is the world’s major reserve currency. It is estimated that over 55% of all currency held in reserve by Central Banks is in USD. Given the strength of the US Dollar, it is unsurprising that some countries actually use the currency of the USA as their own domestic currency. Not including territories […]

The biggest news this week came yesterday when the ONS released data showing that inflation had gone up once again in the UK. It is now sitting at a 40-year high of 9.1%. (The last time inflation was this high, Margaret Thatcher was Prime Minister and Charles and Diana had only recently got married.) The […]

A reserve currency is one that is held in large numbers by a foreign country’s central bank or monetary authority. Reserve currencies are held for a number of reasons including: To minimise exchange rate risks To sure up the domestic currency To make complex international payments between countries To help, support and facilitate global trade […]

It’s been another difficult week for the UK economy. Figures released this week showed that in April, the UK economy shrank by 0.3%, following on from the 0.1% contraction in March. This has led to a number of influential figures including a former Chancellor suggesting the UK was almost certainly headed for a recession. We […]

When you hear the word ‘Hyperinflation’ you probably think about that history lesson you had in school, the one about Germany between the wars where a wheelbarrow full of cash was needed to buy a loaf of bread. The one that included The Wall Street Crash and brownshirt Nazi thugs beating people up in the […]