Do third world countries have banks?

Question

Do third world countries have banks?

Answer 1

Banks are nothing more than central locations to store wealth instead of carrying it around with you. Everybody has a bank. Even if its a big safe that actually holds your physical deposits.

Answer 2

Yes, there are banks in nearly every country in the world, including economically devastated countries like Uganda, Ethiopia & Peru.

The term "third world" was coined during the Cold War to refer to the countries that were not aligned with the US & its allies (1st world) or Russia & it's allies (2nd world),  and technically encompasses many countries, such as Brazil, that are quite successsful. And there are many, many banks in Brazil.

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Answer 3

what do you mean? I live in Iran and there are lots of banks here, even in our villages!