West African Clearing House (WACH) is form on July 1, 1976 was largely due to the efforts of the Governors of the Central Banks in West Africa to find a solution to one of the obstacles to trade among West African countries.
The formation of United Nations Conference on Trade and Development UNCTAD in 1964 was initiated by the less developed nations of the world, the majority of which are members of the United Nations. Its headquarters is located in Geneva, Switzerland. Since its inception in 1964, it has been holding full sessions at least once in every four years.
The International Monetary Fund (IMF) was established in 1944.
Its financial resources stem mainly from quota subscriptions which are assigned to each member according to its relative size in the world economy. A member’s quota also determines its voting power as well as its access to IMF financing.
The fair value is for which a financial asset can be bought or a financial liability settled on a specific date between two parties (buyer and seller) who are independent from each other and are experts in the field and who know how to act freely and prudently under conditions. market.
The future value (FV) is the value that a certain amount of money that we currently hold or that we decide to invest in a certain project will have in the future.
The future value (FV) allows us to calculate how the value of the money that we currently have (today) will change considering the different investment alternatives that we have available. In order to calculate the FV we need to know the value of our money at the current moment and the interest rate that will be applied in the coming periods.
Value at risk is a statistical technique to measure the financial risk of an investment. Indicates the probability (usually 1% or 5%) of suffering a certain loss during a period of time (usually 1 day, 1 week or 1 month).
The euro area is a monetary union. In order to have a monetary union, there must be a situation in which at least two countries share the same official currency. In the euro area, this requirement is met. In other words, more than two countries have the euro as their official currency. Specifically, there are 19 states.
Created in 1834, Zollverein was an economic organization by German termed as a customs union under Prussian leadership. Numerous German states joined forces to create a free trade zone and establish customs tariffs against third countries.
The Single Euro Payments Area (SEPA) is a collective association created in Europe that allows companies, individuals and public bodies to make payments in euros without using cash. These payments can be made using a single bank account for payment transactions in different part of Europe within the SEPA zone.
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