Any experience with Islamic Banks

DomRavioli

antrobus wrote: »

Yes, it does. We've had banking in this country since time immemorial and the banks still don't own everything.



According to Wikipedia, that would be Andorra, Monaco and the Vatican City.

I was surprised, I thought it would be more, but even San Marino has a central bank. I was even more surprised to discover that North Dakota has a central bank.

Monaco is a principality, and not a country in its own right, as is Andorra. Vatican City on the other hand is a rather weird one, but still not technically a country in its own right - it is a state.

Must try harder.

antrobus

DomRavioli wrote: »

Monaco is a principality, and not a country in its own right, as is Andorra....

Both Monaco and Andorra are listed as Member States of the United Nations
http://www.un.org/en/members/

I think that satisfies most people's definition of a 'country'. Mind you I don't know debtcutter's defintion of a 'country'. Perhaps they'll be along in a while to let us know.

debtcutter

antrobus wrote: »

According to Wikipedia, that would be Andorra, Monaco and the Vatican City.

I was surprised, I thought it would be more, but even San Marino has a central bank. I was even more surprised to discover that North Dakota has a central bank.

So no Islamic countries whatsoever. . . Just checking....

debtcutter

antrobus wrote: »

Both Monaco and Andorra are listed as Member States of the United Nations
http://www.un.org/en/members/

I think that satisfies most people's definition of a 'country'. Mind you I don't know debtcutter's defintion of a 'country'. Perhaps they'll be along in a while to let us know.

They are countries, by definition. No arguments there.

The Vatican, though, doesn't operate as if it was a country and both Andorra and Monaco are massively special cases, are principalities etc etc. Also, isn't the European central bank effectively the central bank for Andorra?

antrobus

debtcutter wrote: »

They are countries, by definition. No arguments there.

The Vatican, though, doesn't operate as if it was a country ....

How do you operate as a country?

debtcutter wrote: »

....and both Andorra and Monaco are massively special cases, are principalities etc etc. Also, isn't the European central bank effectively the central bank for Andorra?

Both Monaco and Andorra use the Euro, although neither are EU members. I imagine that both countries have banks - I have no idea what relationship they have with the ECB.