Articles on Currency

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Dancing with the Balinese dragon. AAP/Zul Edoardo

Don’t expect a rerun of the Asian Financial Crisis

Despite worries about a new Asian Financial Crisis, much has changed since the last one in 1997. Even if a crisis were to materialise, it would look quite different from that of two decades ago.
The Modi government is getting rid of RS500 and RS1,000 notes to try and combat the black market and corruption. STR/EPA

Business Briefing: Former chief World Bank economist on inequality and doing away with big money

Business Briefing: Former chief World Bank economist on inequality and doing away with big money The Conversation22.3 MB (download)
A former chief economist to the World Bank and economic adviser to the Indian government says doing away with big currency notes is a noble idea but an ineffective tool.
The basic art for the new Australian five dollar note, to be released in September, is creating controversy. Reserve Bank of Australia/AAP

Our punk, jarring five dollar note: so bad it’s good or just bad?

The Reserve Bank of Australia has announced a new five dollar note, to great general derision. The Australian Mint has a proud history of excellent design, so why is this new note so wrong?
The technology that drives Bitcoin enables almost riskless storage and transfer of value and data. Image sourced from Shutterstock.com

Don’t blame Bitcoin for the madness of men

It's just a matter of time before Bitcoin secures legitimacy as a currency.
Australia’s Aboriginal welfare problem of the 60s enabled widespread theft from Indigenous artists – including designs for the one dollar note. Reserve Bank of Australia.

‘Dollar Dave’ and the Reserve Bank: a tale of art, theft and human rights

Australia's original $1 note featured artwork taken without permission from Aboriginal artist, David Malangi. He was later given $1000, a medallion and a fishing kit, but archival evidence sheds new light on the affair.

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