The Finseta Blog

Kroner currencies around the world

Kroner currencies around the world

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…

How do Scottish banknotes work?

How do Scottish banknotes work?

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…

Franc currencies around the world

Franc currencies around the world

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…

What is the UK importing and exporting?

What is the UK importing and exporting?

The Office for National Statistics recently released a bulletin detailing the total value of UK exports and imports of goods and services for November 2022.…

Dollar currencies around the world

Dollar currencies around the world

When you think of a Dollar, you probably think about the USA. Upon independence, the US Congress established the US Mint and declared the Dollar as…

A new Currency Union for South America?

A new Currency Union for South America?

Over the last few weeks, there has been speculation that the countries of Argentina and Brazil are together planning on creating a currency union in…

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CBDCs in practice around the world today.

CBDCs in practice around the world today.

Having discussed the benefits and structure of Central Bank Digital Currencies last week, we now turn to the current state of their implementation and the…

Just what exactly is a CBDC (Central Bank Digital Currency)??

Just what exactly is a CBDC (Central Bank Digital Currency)??

You’ve heard of Bitcoin, but what about … Bank of England Coin? As finance continues to digitise, one of the few things that have stayed…

Who is next to join the European Union?

Who is next to join the European Union?

The European Union hasn’t finished expanding, there are actually several countries who are in the process of joining right now! Any country who joins is…

Are Hong Kong and Singapore still ‘Gateways to Asia?’

Are Hong Kong and Singapore still ‘Gateways to Asia?’

It seems remarkable now to think that the opening up of Asia to Western businesses is a relatively new phenomenon. Until recently many Asian countries…

Which other countries use the US Dollar as their currency?

Which other countries use the US Dollar as their currency?

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…

Which are the world’s major reserve currencies?

Which are the world’s major reserve currencies?

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…

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Sonny Hellmers

Senior currency specialist