Sending condolences to the people of the UAE

Following the announcement of the death of HRH Sheikh Khalifa bin Zayed bin Sultan Al Nahyan, President of the UAE and Ruler of the Emirate of Abu Dhabi,  the Finseta team send our condolences to the people of the United Arab Emirates at this sad time.

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Who actually sets interest rates around the world?

Who actually sets interest rates around the world?

Given the ongoing economic crises in various countries around the world, attention at the moment is rightly more focused on interest rate decisions than in normal times.  The process for raising or lowering interest rates varies from country to country. For some, it’s a pretty simple decision made by the…

Italy’s new government and the Eurozone

Italy’s new government and the Eurozone

On Saturday 22nd October following another set of early elections in Italy, a government consisting of four right-wing political parties was sworn into office. The leader is Giorgia Meloni, leader of the far-right Fratelli d’Italia, a party that emerged from the neo-fascist movements of the 70s and 80s. Meloni is…

How did the US Dollar become King?

How did the US Dollar become King?

When it comes to currency, the US Dollar dominates all the others. No currency comes even close to having a similar power. The dollar accounts for nearly 60% of world foreign currency reserves and trillions of dollars of daily FX transactions. When this currency moves, the rest of the world…

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Sonny Hellmers

Senior currency specialist