currency – News Stories About currency - Page 7

Euro-Weary French Village Reverts to Franc

Jun 30, 2008 8:32 AM CDT

Euro-Weary French Village Reverts to Franc

Town revives old currency to spur business

(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...

US Money Discriminates Against Blind, Court Rules

May 20, 2008 1:30 PM CDT

US Money Discriminates Against Blind, Court Rules

Treasury must make changes in paper currency, appellate body says

(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...

Oil Breaks $125 a Barrel

May 9, 2008 8:46 AM CDT

Oil Breaks $125 a Barrel

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

(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.

Euro About to Mark 10 Years

ANALYSIS

May 1, 2008 6:02 PM CDT

Euro About to Mark 10 Years

Common currency has its share of winners and losers

(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 high...

As Currency, Dolphin Teeth Feel Recession's Bite

Apr 30, 2008 11:50 AM CDT

As Currency, Dolphin Teeth Feel Recession's Bite

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

(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...

G-7 Ministers Talk Tough
on Sliding Dollar

Apr 12, 2008 7:26 AM CDT

G-7 Ministers Talk Tough on Sliding Dollar

Strong words signal desire to keep dollar from the abyss

(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...

Brits Richer Than Yanks
for First Time in 100 Years

Jan 7, 2008 2:00 PM CST

Brits Richer Than Yanks for First Time in 100 Years

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

(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...

Is the Worst Over for the Dollar?

Dec 27, 2007 12:30 PM CST

Is the Worst Over for the Dollar?

Experts predict modest rise for greenback in '08

(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...

Island Nation Favors 4-Legged Currency

Dec 26, 2007 1:42 PM CST

Island Nation Favors 4-Legged Currency

Vanuatu government encourages trade in shells, tusks, pigs

(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...

Feds Seize Ron Paul 'Dollars'

Nov 17, 2007 7:35 AM CST

Feds Seize Ron Paul 'Dollars'

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

(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...

Supermodel Swears Off Dollar

Nov 5, 2007 9:25 PM CST

Supermodel Swears Off Dollar

Giselle joins trend, demanding payment in another currency

(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...

Go Where the $ Is Still Good

Oct 6, 2007 6:23 AM CDT

Go Where the $ Is Still Good

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

(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:

Morocco
Thailand
Mexico

Dollar's Slide Softens Economy's

Oct 1, 2007 1:44 PM CDT

Dollar's Slide Softens Economy's

Increased exports offset housing market collapse

(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 slow...

Feds Give Abe's 5-Spot a Facelift

Sep 20, 2007 4:20 PM CDT

Feds Give Abe's 5-Spot a Facelift

New currency includes pastels and redesigned watermarks to thwart couterfeiters

(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...

Record Low: Euro hits $1.40

Sep 20, 2007 7:07 AM CDT

Record Low: Euro hits $1.40

Dollar breaks important threshold, but fall isn't over yet

(Newser) - The dollar dropped to a record low against the euro in early Asian trading on Thursday, breaking the $1.40 barrier for the first time since the establishment of the common currency. The Fed's half-point cut in interest rates led investors to drop the greenback, and chief Ben Bernanke's upcoming...

Credit Squeeze's One Winner: The Dollar

Aug 16, 2007 12:59 PM CDT

Credit Squeeze's One Winner: The Dollar

Worldwide scramble for greenbacks reverses currency's slide

(Newser) - After years of decline, the American dollar has reasserted itself in the face of the worldwide credit crunch. The dollar has rallied against the euro and the pound as banks and investors drop hazardous financial instruments and hold cash, Bloomberg reports, making the implication clear: For all its woes, the...

Pound Soars Against Dollar

Jul 4, 2007 1:24 PM CDT

Pound Soars Against Dollar

Sterling passes $2.02, raising hopes and filling coffers

(Newser) - The British pound climbed against the dollar today to a level not seen since June 1981, nudging past $2.02 before closing at $2.0136. The third consecutive trading session with a 26-year high came as the UK braced for a interest rate hike and the US braced for an...

New England Towns Mint Local Bucks

Jun 19, 2007 3:56 PM CDT

New England Towns Mint Local Bucks

But utopian experiment faces some hurdles: like paying the bills

(Newser) - A cluster of towns in Western Massachusetts has created its own currency—BerkShares. The banknotes, which trade for 90 cents on the dollar, feature local heroes like Norman Rockwell and are accepted as cash at 280 cafés, shops, and even the local "chakra balancing" joint.

Paulson Resists Labeling China
a 'Manipulator'

Jun 13, 2007 7:23 AM CDT

Paulson Resists Labeling China a 'Manipulator'

Congress stews as Beijing keeps yuan weak vs. dollar

(Newser) - Treasury Secretary Henry Paulson has denied congressional requests for a formal accusation of currency manipulation against China, the Wall Street Journal reports. China's tight restrictions have kept the yuan artificially low against the dollar for decades, but recent record highs, combined with signs that Beijing may plan to let up...

China Deals
on Finance,
Skips Currency

May 23, 2007 4:59 PM CDT

China Deals on Finance, Skips Currency

US-China talks bring good news for securities firms, but no yuan reform

(Newser) - Talks between American and Chinese economic officials thudded to a close today, offering mild changes to the financial sector in lieu of major currency reform. The deal hammered out by Treasury Secretary Hank Paulson and China's vice-premier Wu Yi promise foreign financial companies more access to Chinese markets and allows...