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 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 legally obliged via EU treaty to replace their own domestic currency with the Euro. Following recent news that both Ukraine and Moldova were granted ‘EU…

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 were either fully closed or heavily restricted to European and American companies. Free-market economics and capitalist ideas were in many cases outrightly rejected or at…

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 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…

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Sonny Hellmers

Senior currency specialist