China and the U.S. compete to be the world’s largest economy, but the dollar dominates the yuan as a currency.
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Despite China’s economic power, the yuan lags as a major global currency. Here’s why current US interest rates and sanctions on Russia may change that.
Cash is still king in Nigeria.
Pius Utomi Ekpei/AFP via Getty Images
As the US increasingly becomes a cashless society, it’s getting harder to use currency to pay for things – including taxes. One fearless economist gave it a try.
While breaking with one “tradition”, an Indigenous motif on Australia’s $5 banknote will restore another.
A worker from Hope House, an organization that sponsors the use of cryptocurrencies on El Zonte beach, makes a purchase at a small shop that accepts bitcoins, in Tamanique, El Salvador, June 9, 2021.
(AP Photo/Salvador Melendez)
Money cowries were used for thousands of years as currency across the Indo-Pacific world but introduced into Atlantic commercial networks relatively late.