Government Watchdog Flips On Dollar Coin
In a turnaround, congressional analysts are no longer recommending a phaseout of paper dollars in favor of a dollar coin. Paper money is lasting longer because of cashless transactions.
currency
Argentina Hikes Interest Rate To 60 Percent In Bid To Halt Currency's Fall
When President Mauricio Macri requested early release of a $50 billion loan, he said it was to assuage market watchers' fears. But the opposite happened — and the central bank felt it had to step in.
Turkey Counterpunches By Raising Tariffs On U.S. Goods
Ankara has increased tariffs on U.S. products ranging from liquor to automobiles to beauty products, in some cases more than tripling them.
Venezuelan City Launches Its Own Currency Amid Cash Crunch
The city of Elorza is selling its own bills featuring the image of an independence leader from the area. Venezuela's national currency has lost the vast majority of its value in just the last year.
Like Magic: The Tech That Goes Into Making Money Harder To Fake
Imagine the Founding Fathers walking across the bills in your wallet. Like something out of Harry Potter, increasingly complex animation technology is being developed for use in paper currency.
Britain Releases A New Fiver That's A Real Survivor
This week, the U.K. introduced a polymer 5-pound note that's designed to be waterproof, tear-resistant and chewable. The Bank of England still doesn't recommend setting it on fire.
Circle June 23. A Vote That Day In The U.K. Could Affect Your Wallet
Most economists say an upcoming vote to determine the United Kingdom's role in the EU is a big deal. The so-called Brexit vote might upset trade deals, financial markets and currencies, they argue.
Treasury Decides To Put Harriet Tubman On $20 Bill
The decision caps a public campaign asking for the change and months of deliberation by the Treasury.
Woman To Share Marquee On $10 Bill With Alexander Hamilton
A redesign of the denomination will add the portrait of an as-yet-undetermined famous American woman beginning in 2020.
Harriet Tubman Wins Unofficial Contest To Be On $20 Bill
The Women on 20s campaign is petitioning President Obama to put the face of Harriet Tubman, the escaped slave who led others to freedom, on the $20 bill. She edged Eleanor Roosevelt in a close vote.