Canada has a well-developed energy extraction sector, with the world’s third-largest proven oil reserves. Canada also has impressive manufacturing and service sectors, based mostly in urban areas near the U.S. border. As China has progressively opened its economy over the past four decades, economic development and living standards have greatly improved. As the government has…
Read more
GDP by Country
Of the top 10 largest economies next year, five will be in Europe, three in Asia and two in the Americas. Most of these economies—concretely the G7 members—are already wealthy in USD GDP per capita terms. However, there Acciones google are also a few emerging markets on the list that are still poor in per-person…
Read more
Demystifying Nostro and Vostro Accounts: Understanding the Key Differences
In simple words, if there is any bank in India that opens an account to deal with transactions with a foreign bank, it will be called a Nostro Account. A Nostro account is used as a specialized, additional feature that is mostly found in the countries with the facility of convertible currencies. These banks are…
Read more
What Are Nostro and Vostro Accounts? Key Concepts and Benefits
Nostro accounts differ from standard demand deposit accounts because they are denominated in foreign currencies. Also, only businesses or governments have nostro or vostro accounts, they aren't offered in the same way to individual account holders. A Vostro account is a type of account that a bank holds on behalf of another bank. A Nostro account…
Read more