How Commercial Banks Create Credit or Money

By creating credits we mean the process whereby commercial banks, make it possible for more deposits to be made through loan and this process of creating credits is also called creation of money or money creation. By granting loans to their customers, commercial banks increase the purchasing power of the borrower and also increase the

Money Number One in Thailand

If ever “money number one” was set in time as a national catch cry, it would have to be in Thailand where the phrase “money number one” is used countless times daily by many of the Thai people in dealing with the thousands of foreign tourists they regularly encounter. Neil Hutchinson, an Aussie expat living