How a Multi-Currency Bank Account Can Help You Diversify Out of the Dollar
Anyone looking for currency diversification strategies should consider a multi-currency bank account. Unfortunately this banking product is virtually unknown in North America and the UK, although it is commonplace in some European countries.
I say ‘unfortunately’, because this is one of the most simple and convenient tools for anybody looking to diversify out of the dollar. In this article, I’ll explain more about multi-currency accounts and how you can open one.
A multi-currency account is simply a bank account, with a single account number, in which you can hold balances in various different currencies.
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Reposted for our newest members........
The Right Way to Handle an Inheritance
By Kira Brecht
If you are fortunate enough to receive an inheritance, buy a nice bottle of Champagne and toast your benefactor. But then institute a cooling-off period before you start spending, financial advisors recommend.
A new car, vacation or kitchen renovation may be in your future, but make sure you carefully assess your financial picture and retirement planning goals so you can maximize the inheritance for your long-term financial security.
"Say, 'I'm not going to do anything for three months.' Develop your plan. Don't react emotionally," says Ann Minnium, a certified financial planner and founder of Concierge Financial Planning LLC, based in Scotch Plains, New Jersey.
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TNT:
Tishwash: The scandal of the Central Bank, which is preoccupied with the name of its currency
Baghdad: The Central Bank of Iraq will be exposed to a "scandal" caused by the exploitation of its daily foreign currency auction and preoccupation with the crisis of writing the name of the acting governor Ali Aliak on the latest edition of the Iraqi currency of the small category.
"The bank bought the dollar from the currency auction in the name of nearly 438 customers," said the owner of the office of Siravh, and only said his name first {Muhammad} told the {Euphrates News} about the file of the Bank of Baghdad and buy the currency auction through customers, 10 - 2011 bought 100 billion Iraqi dinars and around the outside of $ 232 million, or nearly 3 times how so? ".
He added, "Akstvna at the end of 2015 and 2016 we found the names of our companies amounts ridiculous, and we went to the Tax Authority and went to the bank and refused to provide us with information and we went to the Central Bank and the other refused to do so."
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