World's Most Oldest Bank

In Morocco , Amazi communities has the oldest bank in the human history where they put valuable things instead of money in the bank .

Centuries ago the banking system used by Amazi communities in Morocco was called Rabat-Igudar. It can be called the oldest bank in the world. We keep our money, jewellery and important documents in the bank.

But do you know how the banking system used to be in centuries old? Let us tell you how many years ago there were banking systems and what was stored in them. According to Morocco World News, centuries ago the banking system used by Amazi communities in Morocco was called Rabat-Igudar. It can be called the oldest bank in the world.

source: Reuters YouTube Channel

World’s Oldest Bank

From Reuters, Igudar; Also called ‘Agadir’, has attracted the attention of international media. Yahoo! News and other foreign media outlets also gave coverage on this. Many researchers consider these Amazigh granaries to be one of the oldest banking systems in human history. They were used to store grains such as barley or wheat, legal documents and even jewellery.

BEGINNING OF BANKS

Research professor Khalid Alaroud told Reuters that these collective granaries could be the first signs of the beginning of banks, because when we say banks, it means a safe place to protect assets. He further said that this system can be as old as our mountains. It is not possible to determine the date of their establishment.

World Most Oldest Bank Morocco

BANKS USED TO BE HANDLED LIKE THIS

Ofkir, deputy head of the Taskdelt group, said the Arabic newspaper Emarat Al Youm was informed that these early banks were managed by a secretary called ‘Lamine’. Along with this, a committee of about 10 people was also monitored, which was called Inflas. This committee was made up of representatives of different tribes.

Your comments