Article

The global credit crunch started in 2006, when the US housing market suddenly went into meltdown as a result of sub prime borrowing, when lenders who had issued loans at above the higher prime rate of interest, suddenly found that they could not get their money back.

While most of us restrict our foreign travel to once or perhaps twice a year when we go on holiday, some people are flying backwards and forwards into and out of other countries on a regular basis.

Although we all still queue up at the Bureau de Change to change our own cash into the currency of the country we will be visiting this year on our annual break, it’s still necessary to make sure we have other means of paying for goods and services while we are away.

Not everyone is happy with the amount of money they earn. Some people actually struggle to survive from day to day even on the most basic level.

From the moment you first got a shiny new coin in return for a tooth falling out, you started to form ideas and opinions about money, whether you realised it or not.

If you tend to keep up with what’s going on in the world, you may well be one of those people who get a little worried when the talk on the television turns to one of interest rates.

No matter what country you live in or what type of currency you use, we all have different ways of handling our money.

Economy is a word that most of us who actually pay attention to the news will hear or read virtually every day. But what do we really make of that word?

The IMF, which is the International Monetary Fund, was founded in 1944 by 45 countries, which met in America and decided that they would work together in order to ensure that there could be economic stability and co-operation between countries.

Gold has always been a commodity that has been taken as a measure of how well things are doing. When things are good then the price of gold is stable, but when things are bad, well it is a whole different story then!