History of the development bank

History of the development bank

Banking history has started from the time of Babylon, Greece and Rome. initially banking practices of the exchange of money, gradually developed into a business to accept savings, deposit or lend money with interest fee.

In the modern era started from England, Holland, and Belgium. with the introduction of the term Goldsmith's note. term storage is evidence of gold deposits is indicated by a letter.

At the beginning of the modern era of credit arrangements are divided into three loan sales, loan money orders and the sea. This is now the main problem that emerged in the banking practice is the financial system related to the mechanism of determining the volume of money circulating in the economy.