The Timeless Legacy of Roman Banking

byTulika Prashant

A robust banking system is essential for the economic stability and growth of a country. It comprises a network of institutions that provide financial services such as deposits, loans, investments and currency exchange. The Romans are credited for establishing one of the earliest and most sophisticated banking systems, which introduced many foundational financial concepts still in use today.

Temple of Saturn, Rome The Emergence of Roman Banking In ancient Rome, the earliest banks were situated in temples. The nobility of Rome entrusted their wealth to these temples because the temple officials were regarded as pious. Roman banking moved away from temples and into more secula