US currency

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Trump: Tubman 'More Appropriate' on the $2 Bill

Calls the new $20 bill 'pure political correctness'

(Newser) - We all know Donald Trump isn't a fan of political correctness. That's why he's also not a fan of Harriet Tubman replacing Andrew Jackson on the new $20 bill. "I don't like seeing it. Yes, I think it's pure political correctness," Trump tells... More »

Penny Might Go the Way of the Dodo

Treasury secretary detailed plan to eliminate coin in 2015 memo

(Newser) - Now might not be the best time to invest in zinc. The US could be following in Canada's footsteps —and those of a host of other countries, per Quartz —in ridding itself of the pricey penny, according to a March 2015 memo sent to President Obama. In... More »

A Woman Is Going on the $10 Bill

Government will announce her name later this year

(Newser) - We don't know who it will be, but a woman will replace Alexander Hamilton as the main image on the $10 bill. Treasury chief Jack Lew says he will announce the woman's name by the end of this year, and the new bills will be out in 2020,... More »

Here's How to Shake Up Faces on Our Currency

Steve Inskeep: Let's start using the 'flip side' of the bills

(Newser) - A movement is afoot to replace Andrew Jackson on the $20 bill, but NPR's Steve Inskeep, the author of a coming book on the man, has a different idea: Move him to the back and put somebody else on the front. Inskeep's choice is Cherokee leader John Ross,... More »

The 4 Women Who Could Grace the $20 Bill

Rosa Parks, Harriet Tubman, Eleanor Roosevelt, Wilma Mankiller

(Newser) - And then there were four: Rosa Parks, Harriet Tubman, Eleanor Roosevelt, and Wilma Mankiller have been named as the finalists for the Women on 20s campaign to replace Andrew Jackson with a female on the $20 bill . Over five weeks, more than 250,000 people voted in an online poll... More »

Group's Goal: Put Woman on the $20 Bill

Roosevelt one of 15 candidates a women's group hopes will replace Andrew Jackson

(Newser) - Harriet Tubman, Rosa Parks, Clara Barton—they were all activists who changed the American landscape, and they all deserve to be on the $20 bill way more than the guy who's currently there. That's the stance of Women On 20s , a campaign vying to tear Andrew Jackson's... More »

Pa. Guy's $10 Bill Could Be Worth $500K

Collector's note has 'fancy serial number,' rare label

(Newser) - Sure, it says "$10" on the corner, but a Pennsylvania collector's bill is worth far more. Billy Baeder, of Royersford, Pa., is into "fancy serial numbers" and other unusual currency characteristics collectors value: printing mistakes, for instance. Fancy serial numbers, the Philadelphia Inquirer explains, include those in... More »

No. 1 Producer of Bogus US Bills Is...

Peru, where counterfeiting is 'more profitable than cocaine'

(Newser) - Forget cocaine: Peru's big money-maker is making money—the fake variety. Counterfeiting has taken off in the country, which has overtaken Colombia as the largest source of fake US currency in the last two years, the AP reports. The phony money typically finds its way into the US, Argentina,... More »

After 10 Years of Tinkering, New $100 Bills Coming

Blue lines? Orange bells? Plenty of color in new greenback

(Newser) - At long last, the United States is getting new $100 bills, reports Reuters . Set to be released more than two years behind schedule on Oct. 8, the redesign has been in the works for a decade. Among the additions:
  • a blue, 3D security ribbon that's not printed but woven
... More »

Let's Replace Dollar Bills With Coins

And while we're at, it's time to ditch pennies, too: Los Angeles Times

(Newser) - Here's a quick way to cut government spending: Stop making one-dollar bills. Switching to coins could save us some $5.5 billion over 30 years, write the editors of the Los Angeles Times . That's the lifespan of a coin, while a paper dollar lasts only 3 years. Want... More »

China Prez: US Buck Is Has-Been Currency Giant

President Hu Jintao aims to make yuan global heavyweight

(Newser) - More from Hu Jintao's rare interview with the American press: An international currency system ruled by the American dollar is a "product of the past," complains China's president, who indicated the yuan was on a path toward becoming an international currency. President Hu Jintao conceded it would be... More »

China Drops US Credit Rating Ahead of G20

Obama faces a world divided, peeved by Fed moves

(Newser) - China’s top state-endorsed rating agency dropped the United States’ credit rating yesterday, warning that recent Fed moves, along with “serious defects in the United States' economic development and management model” were “fundamentally lowering the national solvency.” The report probably won’t have much impact on our... More »

China: Feeble Dollar Is Hurting Our Economy

'Out of control' printing of dollars is triggering inflation, says minister

(Newser) - China has countered American anger over its artificially low currency with a complaint of its own. America is printing dollars at an "out of control" rate, sending up commodity prices around the world and saddling China with "imported inflation," the country's commerce minister grouses. Inflation in China—... More »

Penny, Nickel Overhaul Makes No Sense to Many

Many resistant to changing small change

(Newser) - President Obama's plan to save $100 million a year by making pennies and nickels from cheaper material may seem like a no-brainer, but the idea of changing the country's small change isn't an easy one to swallow for some. Laundromat owners, zinc lobbyists, and the many Americans who mistakenly believe... More »

$100 Bill Goes 3D

New security features designed to curb counterfeiting

(Newser) - The $100 bill is getting a new look and two high-tech security features to curb counterfeiters, the AP reports. A 3D security ribbon on the front has images of bells and 100s that move as you tilt the bill. The note, which is out next February, also has a Liberty... More »

China Must Be Confronted on Currency

Shackling the yuan to the dollar threatens world economy

(Newser) - China has been allowed to get away with its outrageous currency policy for far too long and it's time the world did something about it, writes Paul Krugman. The nation has been keeping its currency effectively pegged to the dollar, and this policy will result in even greater trade imbalances... More »

Oil States Plot to Ditch Dollar

Gulf Arabs in talks to replace greenback with mix of currencies

(Newser) - The American dollar is dropping against the yen and euro amid reports that the Gulf states are planning to replace use of the greenback in oil trading in favor of a basket of mixed currencies. The Arab states are in advanced discussions with China, Russia, Japan and France to end... More »

Now 100, Lincoln Penny Was First With 'Heads'

'Monarchical' fears long prevented use of presidents

(Newser) - As Honest Abe's 200th birthday approaches, his likeness in our pockets is often disregarded. But the 100-year-old Lincoln penny is actually an American artistic milestone: Its debut marked the first appearance of a real person on a US coin, the New York Times reports. After the nation’s birth, putting... More »

Feds: Today's Counterfeiters Are Poor Copies

Ink-jet amateurs replace skilled crooks who once fooled experts

(Newser) - Secret Service agents are waxing nostalgic for counterfeiters of old, the Kansas City Star reports. The printers who once produced 20s, 50s, and 100s good enough to fool experts have been replaced by home office crooks who reproduce small bills on ink-jet printers. "It’s a lost art,"... More »

Dollar's Long Rally Likely to Stall in 2009

Recession, low interest rates will catch up with buoyant greenback

(Newser) - The once moribund dollar has soared 20% against foreign currencies since July, one of the few bright spots in a grim financial landscape. The dollar traded against the euro at $1.28 this morning, down from a high of over $1.60 this summer. But the dollar's rally is expected... More »

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