In an era of digital globalization, sending money digitally has become as natural and easy as buying from a convenience store. With Western Union you can send money with your credit or debit card to an account back home from virtually anywhere, with a 1% minimum fee.Money flows from Russia to the world are on the rise. In 2017, individuals sent USD 20.5 billion personal remittances, up from USD 16.2 billion in 2016, with Russia within the Top Four remittance sending countries in the world after the US, Switzerland and Germany. Remittances are sent partly in cash and partly through digital channels based on senders and receivers’ preferences. There are many ways to send money digitally from Russia, the most customary being via your bank. However there are many questions to ask: What are the fees? Can I send from my mobile or laptop or do I have to visit a location to send in person? Do I have to open an account? Can I do the transaction myself from beginning to end or will I … [Read more...] about Money moved from Russia to the world on the rise – If you are a money mover, be smart about your choices
How to make money on foreign exchange
THIS year’s Love Island stars are on their way to becoming millionaires, just like Gabby Allen, Jonny Mitchell and Kady McDermott. And although scooping the £50,000 prize money would be a nice bonus, it will be small change to some of this year's islanders, who will have made twenty times as much this time next year. Last year’s runner up Gabby is now worth a cool £1.3million, while 2016 stars Alex Bowen and Olivia Buckland have banked £3million, and they didn't win either. One top celebrity agent spilled the beans on how islanders can coin it in, telling the The Sun Online that some of this year’s biggest earners have already left the show, with Rosie Williams and Georgia Steel the ones to watch. Our insider explained: “Winning doesn’t matter in Love Island, if you’re liked by the public then you’re going to be able to make some serious money on the outside. “Doing personal appearances in nightclubs can earn them up to … [Read more...] about You don’t even have to win Love Island to make millions – and this year’s stars are laughing all the way to the bank
Many of us dream of owning a home abroad. The continental pied-à-terre, Tuscan villa or French farmhouse, whether you are looking to buy a holiday home or let, can be a great luxury or investment. But purchasing a significant asset in a foreign country in a different currency comes with a particular set of complexities. If you are planning to buy a property overseas, you will need to transfer significant sums of money. Typically, you will have to make two transfers, first making a deposit and then completing on the purchase. When thinking about value for money on a property, many people would simply think about geography: is inland France cheaper than Provence? Where can I get the most for my cash – the Costa del Sol, Brava or Blanca? However, there are large amounts to be saved or lost when transfering the money in order to buy a property, depending on the service you use. Different providers of transfer services will have different areas of expertise … [Read more...] about Buying a house abroad: how to save money on the currency transfer
WHILE the value of the pound continues to battle against most of the world's major currencies - including the euro - getting good exchange rates for your holiday cash is more important than ever. Here's the essential rules to remember whenever you're getting euros and why you should always try to pay in the local currency when you're abroad. What is the pound to euro exchange rate? How many euros you get to your pound will depend on the exchange rate on international currency markets, known as the "spot" rate. The pound to euro exchange rate, influenced by big investors like banks and hedge funds, determines how much each currency is worth in comparison to one another. If a currency is strong, it means it's worth a lot compared to other currencies, which in turn means you get better value when buying foreign currency. The reverse of this is a weak currency, which results in poor value exchanges when buying money to spend abroad. Where is the best place to exchange pounds for euros? … [Read more...] about Where to buy euros to get the best exchange rate, how to find a good high street rate and should I buy at the airport?
“We are going after the money,” Boris Johnson promised after being questioned on the absence of specific measures to impose sanctions and financial penalties on the UK assets of Russian oligarchs closely aligned to President Putin. But when pressed by MPs on why decisive action was not being taken, the foreign secretary replied: “This is not a country where we in the government can say ‘Oi! We think this so-and-so deserves to have his or her collar felt’. This is not how it works.” While Theresa May may yet impose sanctions against Putin-supporting billionaires in response to the attempted murder of the Russian spy Sergei Skripal, her government’s track record has been marred by procrastination and prevarication. Privately, the prime minister regards the exploitation of London as a haven for dirty Russian money as a serious problem. She once listened in stunned silence as a senior MI6 officer briefed her on … [Read more...] about Is going after Russian oligarch’s property assets the key to inflicting pain on Putin?