Stories 1 - 20 |  Next >>

Aussies Want 'All-Time Greatest Bloke' on Currency

That would be the late Steve Irwin

(Newser) - More than 25,000 people have signed a petition that aims to put the "all time greatest Australian bloke" on the country's currency, the BBC reports. That bloke is the late conservationist Steve Irwin, who died 10 years ago this month. "With a list a... More »

Judge Dumps Laundering Charges, Says Bitcoin's Not Real

Virtual currency can't 'be hidden under a mattress like cash and gold bars': Miami judge

(Newser) - Bitcoins may be valuable in tech circles, but to a judge in Miami-Dade County, the virtual money is nothing more than shadow currency. On Monday, Judge Teresa Mary Pooler discarded felony charges against website designer Michell Espinoza, who had been accused of transmitting and laundering $1,500 in bitcoins—an... More »

Iowa Rep Tries to Keep Harriet Tubman Off $20, Fails

Steve King called move to swap in Tubman for Andrew Jackson 'racist,' 'sexist'

(Newser) - It was announced in April that abolitionist Harriet Tubman would be replacing Andrew Jackson on the $20 bill, but at least one Iowa lawmaker says it's "racist" and "sexist" to even consider adding a woman of color to US currency. "It's not about Harriet Tubman,... More »

Why We Must Stop Printing $100 Bills

Big notes are for criminals: Larry Summers

(Newser) - How often do you use $100 bills? Never? That's probably because you're not a criminal. As Lawrence H. Summers explains at the Washington Post , there's a school of thought that high-denomination currency aids crime and even terrorism. In a new paper out of Harvard, senior fellow Peter... More »

Why Canadians Are Cutting Currency in Half

Local currency aims to keep money in the community

(Newser) - In the Gaspesie region of northern Quebec, locals are cutting money in half. Why? It's all about boosting the local economy, Fast Company explains. Martin Zibeau and his friends heard about the idea of alternative currencies from a French tourist, and the group decided to try putting the idea... More »

Chinese Yuan Hits 'Important Milestone'

It joins an elite club used for Special Drawing Rights

(Newser) - The Chinese yuan will join a basket of the world's leading currencies. The International Monetary Fund said Monday the yuan "met all existing criteria" to be included with the US dollar, euro, Japanese yen, and the British pound as one of the currencies used for the global organization'... More »

Simpsons Joke Inspires Man's Drive to Rename Aussie Money

'Millions of people around the world' will want some of this funny money: petitioner

(Newser) - Malcolm Turnbull has been Australia's prime minister for just over a month, but he's already got a tall order before him. "If the leaders of this great nation have any common sense at all, they will introduce legislation to parliament to change the name of our currency... More »

ISIS Rolls Out Own Currency, Music Video

Propaganda recording intros new coins to replace 'satanic conception of banks'

(Newser) - Fed up with what it describes as the "satanic conception of banks," ISIS says it's releasing its own new currency, and it's put out a nearly one-hour-long video to explain it, the Jerusalem Post reports. The video released by the group's media arm explains its... More »

Why Some Women Aren't Thrilled About Woman on $10

Bill-sharing wasn't what they had in mind

(Newser) - According to Federal Reserve circulation figures, you're a lot more likely to have an Andrew Jackson in your wallet than an Alexander Hamilton, which is one reason why Women on 20s campaigners say putting a woman on the $10 instead isn't ideal. The group says the Treasury plan... More »

Zimbabwe Exchange Rate: $35 Quadrillion to US Dollar

Country getting ready to kill off currency

(Newser) - If you happen to have a spare few thousand trillion Zimbabwean dollars lying around the house, now is the time to cash them in. The country is finally killing off the hyperinflated currency it stopped printing in 2009 and is offering $5 US to people with up to 175 quadrillion—... More »

Poll: Harriet Tubman Should Be on the $20

She beats out Eleanor Roosevelt and other luminaries in bid to get Jackson replaced

(Newser) - Nothing is officially settled in the debate over a replacement face for the $20 bill . But a poll that received more than 600,000 votes shows Harriet Tubman as the clear preference to take Andrew Jackson's spot, USA Today reports. The Women on 20s campaign had four finalists in... More »

Senate Bill Asks Treasury to Consider Woman on $20 Bill

Jeanne Shaheen's measure comes amid online push

(Newser) - The campaign to put a woman on the $20 bill isn't just an online movement anymore. Sen. Jeanne Shaheen has introduced legislation to help make it happen, reports the Washington Post . Under the New Hampshire Democrat's measure, the Treasury would "convene a panel of citizens" to discuss... More »

Even Beggars Don't Want Zimbabwe's New Coins

Locals consider them worthless

(Newser) - American bills have been used in Zimbabwe since the country adopted the US dollar in 2009. American coins? Not so much. Coins are more difficult to get into circulation, so locals had been using lollipops, gum, and pens as change, Reuters reports. Last month, however, Zimbabwe introduced its own "... More »

ISIS to Mint Coin Worth About $700

New currency intended to sidestep 'global economic system'

(Newser) - Who needs a "tyrant's financial system" when you can mint your own money? That's apparently the thinking of the self-proclaimed Islamic State, which plans to mint its own currency of seven coins—two gold, three silver, and two copper, reports CNN . The Telegraph adds that the coins... More »

5 Banks Fined $3.4B for Market Manipulation

Foreign exchange probe involves Citibank, JPMorgan Chase, HSBC

(Newser) - US, British, and Swiss regulators have fined five global banks for attempting to manipulate foreign exchange markets—the latest penalties for an industry previously criticized for rigging interest rates and for its role in triggering the global financial crisis. Citibank, JPMorgan Chase Bank, Royal Bank of Scotland, HSBC Bank, and... More »

Time for Women on US Paper Money?

Obama says it's a 'pretty good idea'

(Newser) - The days of American paper money being an all-boys club could be numbered. President Obama said yesterday that he had received a letter from a young girl wondering why there were no women on US bills, "and then she gave me a long list of possible women to put... More »

Bitcoin Is Doomed; Long Live Bitcoin

Most think the currency will survive this body blow

(Newser) - Will Bitcoin survive? USA Today talks to a slew of experts and finds a general consensus that, yes, the currency will bounce back after the collapse of its largest exchange . "The Internet didn't die when the bubble popped," says one expert who works with Bitcoin... More »

Bitcoin World Rattled by Exchange Glitch

Mt. Gox has suspended withdrawals since Friday

(Newser) - Bitcoin's value was reeling yesterday amid suspension of withdrawals at a key exchange called Mt. Gox. That marketplace reported "unusual activity," suggesting the problem could be due to "a bug in the Bitcoin software." Mt. Gox said yesterday it would continue to prevent withdrawals, a... More »

Krugman: Bitcoin Is Barbaric

We're 'digging our way back to the 17th century'

(Newser) - Economist John Maynard Keynes called gold the "barbarous relic"—and it has a lot in common with Bitcoin, writes Paul Krugman in the New York Times . Right now, both are being collected at high cost. In Papua New Guinea, the Porgera open-pit gold mine is a leading producer... More »

Bitcoin Plummets in China Amid Ban

Central bank: It's not a real currency

(Newser) - On Monday, China's central bank told top Chinese payment-processing firms they could no longer deal in digital currencies; two days later, the country's top Bitcoin exchange, BTC China, has now had to stop taking deposits in China's currency, the renminbi. Now, the value of bitcoin in the... More »

Stories 1 - 20 |  Next >>