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Currency Trends in 2020 and What Affects Them

In the past, countries used the gold standard monetary system to determine the value of their currencies. However, this system was abandoned in the 1930s and replaced by fiat money. Since then, national currencies have freely fluctuated in value depending on the supply and demand of the financial markets and …

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Contactless Payment: A Revolution in the Banking Sector!

Let’s be honest, it is psychologically painful to part with our cash. After all, it is the fruit of our sweat and blood. However, just like many other things, technology has provided a solution for anesthetizing this psychological pain too. With the introduction of credit cards, the payments have turned …

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How Much Can I Borrow Based on My Collateral Evaluation

Banks and other financial institutions have become very popular when it comes to lending. As the economy continues to grow, the need for capital continues to increase. But the need for funds is not only restricted to the capital, or rather business needs. Every day, people find themselves in financial …

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Why Is It So Difficult To Get A Loan?

Although television and internet commercials may seem like getting credit is easy and requires only a few clicks of a button or going to a bank, this is not the case. When it comes to getting a financial loan – it takes some time for the bank to check who …

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Importance of Debt Recovery Services in UAE

Debt recovery services in UAE are an initiative used by lenders, or creditors, to recover funds that are due or from accounts that are in default. A creditor seeks the help of a debtor after it has made multiple failed attempts to collect its receivables. These services providers help to …

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