Diplomatic Economic Club^{® Since 1997}

Economics, the world of finance and money. History and modern times.
Diplomatic Economic Club held a meeting discussing the development and history of financial, monetary systems in building the economic relations in the world. During the evening members played a quiz about economics and finance.

The word economics from Greek is translated as an «Art of managing the household»

Economists usually say: «It is an art of selling one potato for the price of one kilo», when you are talking about production of goods with the high added-value.

History acknowledges that the art of predicting, knowing something before others will find it out is the way to success. The carrier-pigeon made Rothschild a millionaire, bringing news about Napoleon defeat at Waterloo. Finding out this faster than others, he managed to use properly the valuable information.

Italian Bank Banca Monte dei Paschi di Siena is the oldest bank in the world, and was founded in 1472

The largest reserve of foreign exchange and gold has China, but the word «capital» comes from Latin expression «money, which brings interest».

The history of paper money starts in the 10th century in China. In the middle ages in England money was not counted, it was weighted, therefrom comes the name «pound sterling» as a measure of weight.

Celebrating the 200th year anniversary of Victor Hugo France made a golden coin of 20 EUR. The reverse «V. Hugo», and the avers the hero of the novel"Les Miserable" Havrosh and the scenery of the district in Paris.

At the meeting in the Club were present:
O. Butenko, A. Kozlov, D. Tomaszewski, S. Shushunova, K. Kokina, V.Roldugin, A. Grechanyi, T. Butenko, S. Trachuk, E. Ozolins and others.

Club members supported the initiative of the Board on holding such theme evenings