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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: currency

currency stories: 48 news summaries

21 - 40 of 48 Stories | << Prev 1 2 3 Next >>

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 Dollar Soars to 1-Year High 

Greenback climbs higher still after Fannie-Freddie bailout

Sep 8, 08 8:06 AM CDT
(Newser) - The dollar rallied to a 1-year high against the world's currencies today, following Treasury's decision to seize control of Fannie Mae and Freddie Mac. After an early hiccup, the greenback advanced to $1.41 against the euro while also climbing against the yen, the pound, and the Swiss franc. While... More »

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currency • exchange rate • currency exchange • pound • euro • US dollar • bailout • financial crisis

Pound Plunges to Record Low Against Euro

Gloomy economic outlook sends British currency tumbling

Sep 2, 08 2:26 AM CDT
(Newser) - The British pound has sunk to its lowest level ever against the euro since the European currency was introduced in 1999, the Financial Times reports. The fall follows Chancellor Alistair Darling's dire warning that the outlook for the British economy is the worst in 60 years. The pound dropped to... More »

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United Kingdom • currency • financial markets • recession • pound • euro • Alistair Darling • foreign currency

'Buried Treasure' Riddle Stumps Feds

Man has been trying to exchange millions in moldy notes for years

Jul 29, 08 8:45 AM CDT
(Newser) - It was found in a suitcase in an alfalfa field. It was in a tree. A treasure map led to a coffin full of money. Customs broker Franz Felhaber has been giving different stories about how he came to have up to $20 million in decomposing dollars for years, the... More »

MORE ABOUT:
currency • money • treasure • Treasury Department • US currency

Loving Low Dollar,
Europeans Come to Shop

Tourism is up 21% in April alone

Jul 26, 08 9:04 PM CDT
(Newser) - The weak dollar is forcing Americans to shelve travel plans, but Europeans are flying over to score on stellar exchange rates. With the British pound worth $1.99 and the euro $1.58, tourists are coming to the US to shop: More than 15 million visited in the first 4... More »

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tourism • currency • currency exchange • international currency • tourists • retail shopping • foreign currency

Paper Shortage Deepens Crisis in Zimbabwe

With inflation at 40M%, government can't print money to keep pace

Jul 24, 08 2:58 PM CDT
(Newser) - International sanctions and hyperinflation have left Zimbabwe nearly unable to print money, the Guardian reports. Stocks are nearly depleted since shipments ceased early this month from the German firm that supplied paper for banknotes; worse, the license will soon expire on the software used to design and print the bills.... More »

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Zimbabwe • currency • hyper-inflation

Paper Co.
Cuts Off Supply
of Zimbabwe's
Bank Notes

Secretive German firm caves to pressure

Jul 2, 08 12:46 PM CDT
(Newser) - The German company that supplies Zimbabwe with the paper for its hyper-inflated currency has caved to pressure from the German government and stopped doing business with embattled dictator Robert Mugabe. The secretive Bavarian firm, Giesecke & Devrient, had been airlifting tons of special blank bank notes—fortified with watermarks and... More »

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inflation • Zimbabwe • Robert Mugabe • currency • money • hyper-inflation

Euro-Weary French Village Reverts to Franc

Town revives old currency to spur business

Jun 30, 08 8:32 AM CDT
(Newser) - Six years after scrapping the franc for the euro, one sleepy town in southern France has reverted, the New York Times reports. Says the mayor of Collobrières, population 1,600, “We lost something with the franc. We lost an identity. We moved very quickly into Europe, maybe too... More »

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European Union • currency • France • euro • French franc

US Money Discriminates Against Blind, Court Rules

Treasury must make changes in paper currency, appellate body says

May 20, 08 1:30 PM CDT
(Newser) - A federal appellate court agreed today with a lower court’s ruling that the US must change its paper money to accommodate the blind, who are unable to tell the current, single-size bills apart, the Washington Post reports. The court ruled that the bills violate the Federal Rehabilitation Act, rejecting... More »

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currency • Henry Paulson • discrimination • money • blindness • Treasury Department • Federal Rehabilitation Act

 Oil Breaks $125 a Barrel 

And heads for $126 as weakening dollar opens investors' wallets

May 9, 08 8:46 AM CDT
(Newser) - Oil climbed over $125 a barrel today, just ahead of the US driving season and propelled by investors jumping at a weaker dollar, the AP reports. Light, sweet crude for June rose to $125.98 on the New York Mercantile Exchange today, later dropping to $124.86 in Europe. More »

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Venezuela • currency • gas prices • oil price • US dollar • Colombian rebels

ANALYSIS

 Euro About to Mark 10 Years 

Common currency has its share of winners and losers

May 1, 08 6:02 PM CDT
(Newser) - Like many 10-year-olds, the euro has had its ups and downs, but its current ascendancy is worrying, and not just to fans of the weakening dollar; some European states are chafing at the strength of their common currency, the New York Times reports. The German economic engine is causing... More »

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inflation • Germany • European Union • Europe • currency • Italy • euro • economy

As Currency, Dolphin Teeth Feel Recession's Bite

In South Pacific, Solomon Islands putting more stock in ancient trading chip

Apr 30, 08 11:50 AM CDT
(Newser) - Spinner dolphins had better watch out—their pearly whites are again a fast-growing currency in the South Pacific, the Wall Street Journal reports. Economic troubles in the Solomon Islands have caused many to return to the traditional trading chip. “Dolphin teeth are like gold,” says the governor of... More »

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Solomon Islands • currency • dolphin • animal

G-7 Ministers Talk Tough
on Sliding Dollar

Strong words signal desire to keep dollar from the abyss

Apr 12, 08 7:26 AM CDT
(Newser) - The Group of Seven's finance ministers are getting more aggressive about stopping the greenback's decline, the Wall Street Journal reports. In what counts as blunt words for the group, a statement yesterday expressed concern about the plummeting dollar's "possible implications for economic and financial stability." The change in... More »

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currency • currency exchange • finance • euro • US dollar • weak dollar • Group of Seven

Brits Richer Than Yanks
for First Time in 100 Years

Britons earn more than Americans for first time in over 100 years

Jan 7, 08 2:00 PM CST
(Newser) - Britons are making more per capita than Americans for the first time since the 19th century, a new GDP report finds. Brits are earning $46,323 a year on average, $500 more than their US counterparts, according to Oxford Economics. The Yanks are still ahead when it comes to purchasing... More »

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currency • GDP • Britain

Is the Worst Over for the Dollar?

Experts predict modest rise for greenback in '08

Dec 27, 07 12:30 PM CST
(Newser) - After a year that saw the dollar slip to record lows against the euro and its weakest position in decades, the worst might be over for the beleaguered greenback. A survey of 42 strategists by Bloomberg found nearly unanimous consensus that the dollar is set for a gain, with a... More »

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currency • exchange rate • euro • credit crisis • US dollar • US exports

Island Nation Favors 4-Legged Currency

Vanuatu government encourages trade in shells, tusks, pigs

Dec 26, 07 1:42 PM CST
(Newser) - Vanuatu, a former Anglo-French colony once called the world's happiest country, is de-emphasizing cash in favor of traditional forms of exchange: shells, necklaces, grass mats, and pigs. The Telegraph travels to the South Pacific, where Vanuatu's government decreed a "Year of the Traditional Economy," encouraging citizens to reject... More »

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South Pacific • currency • money • Vanuatu • hermaphroditic pig • Year of the Traditional Economy

Feds Seize Ron Paul 'Dollars'

Candidate and 'sound money' advocate's image on 60,000 coins

Nov 17, 07 7:35 AM CST
(Newser) - Federal agents raided the Indiana headquarters of a so-called "sound money" group this week, seizing nearly 60,000 "Ron Paul Dollars"—copper coins bearing the likeness of the renegade Texan congressman, GOP candidate for president and sound-money advocate. The organization has more than $20 million in illegal... More »

MORE ABOUT:
currency • Federal Reserve • Ron Paul • US dollar • libertarians • Liberty Dollar • US Mint

Supermodel Swears Off  Dollar

Giselle joins trend, demanding  payment
in another currency

Nov 5, 07 9:25 PM CST
(Newser) - Gisele Bundchen, who pulled in $33M in front of the camera this year, doesn't like the looks of the dollar. Following the lead of billionaires Warren Buffett and Bill Gross, the world's richest model is asking to be paid in some other currency, usually the euro. “We don't know... More »

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currency • Warren Buffett • Gisele Bundchen • investment • euro • US dollar • Bill Gross • supermodel

Go Where the $ Is Still Good

Planning to travel?  Head to a country where flashing a few dead presidents still means something

Oct 6, 07 6:23 AM CDT
(Newser) - It hurts when even a dollar-friendly country like Canada is giving your green the cold shoulder. Get your money's worth in these countries from foXnoMad:
  1. Morocco
  2. Thailand
  3. Mexico
More »

MORE ABOUT:
China • travel • Jordan • Venezuela • Thailand • Mexico • Morocco • currency • currency exchange • list • Micronesia • Armenia • international currency

Dollar's Slide Softens Economy's

Increased exports offset housing market collapse

Oct 1, 07 1:44 PM CDT
(Newser) - Even as the weakening US dollar has Americans dropping European vacation plans, some economists are finding a silver lining: A sudden upswing in exports that could help offset the tanking housing market. And while that jump was predictable, writes the Wall Street Journal, a limp greenback also works to... More »

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tourism • currency • money • exports • euro • US dollar • US currency

Feds Give Abe's 5-Spot a Facelift

New currency includes pastels and redesigned watermarks to thwart couterfeiters

Sep 20, 07 4:20 PM CDT
(Newser) - When you pull out a $5 bill next spring, you'll still see Honest Abe—but you'll also see a bunch of purple and gray, some big number fives, and new watermarks and security threads. Sick of pesky counterfeiters bleaching the fiver and turning it into a C-note, the feds unveiled... More »

MORE ABOUT:
currency • counterfeit • Abraham Lincoln • US dollar • watermark • US Mint

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