Cryptocurrency
World Bank
World Bank
The World Bank, officially known as the International Bank for Reconstruction and Development (IBRD), is an international financial institution established in 1944 at the Bretton Woods Conference. The primary purpose of the World Bank is to provide financial and technical assistance to developing countries for development projects, poverty reduction, and infrastructure improvements. Here is a […]
Special Drawing Rights (SDR)
Special Drawing Rights (SDR) is an international reserve asset created by the International Monetary Fund (IMF) to supplement the existing official reserves of member countries. It was established in 1969 to address the need for a stable and widely accepted unit of account for international transactions. The SDR is not a currency itself, but […]
Society For Worldwide Interbank Telecommunications (SWIFT)
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is a cooperative organization that provides a secure and standardized messaging network for financial institutions worldwide. It was founded in 1973 and is headquartered in Belgium, with operational centers in the Netherlands, the United States, and Switzerland. SWIFT enables banks and financial institutions to securely exchange […]
Regional Comprehensive Economic Partnership (RCEP)
The Regional Comprehensive Economic Partnership (RCEP) is a free trade agreement in Asia. It represents a trade bloc that includes 15 countries and covers approximately one-third of the world’s population. These countries consist of the 10 ASEAN members (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, Vietnam) and China, Japan, South Korea, Australia, and […]
Organization of the Petroleum Exporting Countries (OPEC)
The Organization of the Petroleum Exporting Countries (OPEC) is an international organization established in 1960. OPEC’s headquarters is located in Vienna, Austria. OPEC’s main objective is to coordinate and unify the petroleum policies of its member countries and ensure the stabilization of oil markets. The organization consists of 13 member countries, which collectively control […]
OPEC+
OPEC+ (OPEC Plus) refers to the collaboration between the Organization of the Petroleum Exporting Countries (OPEC) and some non-OPEC oil-producing countries. OPEC, established in 1960, is an international organization aimed at regulating oil prices. OPEC controls approximately 40% of the world’s oil production. OPEC+ includes not only the member countries of OPEC but also […]
New Development Bank
The New Development Bank (NDB) is an international financial institution established by the BRICS countries in 2014 with the aim of supporting the economic development of emerging economies. The BRICS countries represent five major developing economies: Brazil, Russia, India, China, and South Africa. These countries came together to establish the NDB in order to […]
ISO 4217
ISO 4217 is an international standard for currency codes. It is published by the International Organization for Standardization (ISO) and is used to identify currencies in financial transactions and other applications. The purpose of ISO 4217 is to provide a consistent and standardized way to represent currencies worldwide. The standard uses three-letter codes to […]
International Organizations
International organizations are institutions that are established to promote cooperation, coordination, and collaboration among different countries. These organizations are created to address global challenges, resolve conflicts, and facilitate international relations. They operate within the framework of international law and are composed of member states that voluntarily join and agree to work towards common goals. […]
International Monetary Fund (IMF)
The International Monetary Fund (IMF) is an international financial institution established in 1944 with the aim of promoting international economic cooperation and maintaining the economic stability of member countries. The IMF works to prevent instability in the global economy, mitigate financial crises, and support member countries’ efforts for economic growth and development. Here is more […]
