What is Bank of International Settlement in Forex Trading?
The BIS is the Bank of International Settlement. This the international organization that is in charge of monitoring the central bank activities. It tries to enforce cooperation between central banks in order to create efficient markets.It has to fulfill two main goals. It has to regulate capital adequacy and it also has to enforce transparent […]
What is The Bank of England in Forex Trading?
The Bank of England can be categorized as the central bank of the UK. The bank was known as the ‘Old Lady’ of Threadneedle Street ever since it was created in 1694 by private businessmen. Afterwards government nationalized the bank on 1 March 1946 and the it was again privatizatized in 1997. Bank of England […]
What is Bank of Canada interest Rate Decision in Forex Trading?
The Bank of Canada announces its monetary policy 8 times a year. It’s monetary policy outlines its main policy ammendemnts and market outlook for the global and local economy. The announcement of the monetary policy takes place at 9:00 AM (Est) 8 times in one year. Source of Report : Bank of Canada Web Address […]
What is Bank of Canada in Forex Trading?
Bank of Canada can be categorized as the central bank of Canada. Since, it’s main role is to maintain and promote the economy of the country. Bank of Canada has to devise and manage the canadain monetary policy. In addition, it also has to oversee bank notes and retail funds. The Bank of Canada is […]
What is Bank Levy in Forex Trading?
Bank levy is the situation when your bank account has been freezed by the bank authorities as you failed to pay out your debt obligations. This is a very extreme situation which prevents bank account holder to use his/her money for his expenses. Mostly, government agencies like IRS utilize the option of bank levy to […]
The dinar is the official currency of the Bahrain. It is subdivided in 1000 fils. This currency is usually depicted through three decimal places denoting the fils. The name of this currency is derived from the Roman denarius