Trump Turmoil Has Macron Eyeing Euro Challenge to Dollar
(bloomberg.com)
Donald Trump has piqued European leaders’ interest in currency markets.
Donald Trump has piqued European leaders’ interest in currency markets.
What It Would Take for the U.S. Dollar to Collapse
(investopedia.com)
Imagine waking up to a world where the U.S. dollar (USD), the bedrock of global finance, has collapsed. This scenario may seem far-fetched, but it's a narrative often found on dubious platforms pushing gold, crypto, and extremist political views, and it occasionally creeps into mainstream discourse.
Imagine waking up to a world where the U.S. dollar (USD), the bedrock of global finance, has collapsed. This scenario may seem far-fetched, but it's a narrative often found on dubious platforms pushing gold, crypto, and extremist political views, and it occasionally creeps into mainstream discourse.
Nigerians are building affordable alternatives to AWS and Google Cloud
(restofworld.org)
Cloud costs for Nigerian companies have shot up after the naira depreciated sharply because most U.S. cloud companies charge in dollars. Several local cloud startups have sprung up in the last two years. They offer the option to pay in naira, along with data sovereignty and lower latency.
Cloud costs for Nigerian companies have shot up after the naira depreciated sharply because most U.S. cloud companies charge in dollars. Several local cloud startups have sprung up in the last two years. They offer the option to pay in naira, along with data sovereignty and lower latency.
So, You Want to Get Rid of the Penny. Do You Have a Plan for the Nickel?
(nytimes.com)
President Trump recently ordered the U.S. Mint to stop producing pennies, for a simple-sounding reason. Each penny, he said, has “literally cost us more than 2 cents.”
President Trump recently ordered the U.S. Mint to stop producing pennies, for a simple-sounding reason. Each penny, he said, has “literally cost us more than 2 cents.”
Trump says he has directed Treasury to stop minting new pennies
(apnews.com)
President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin.
President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin.
Coinage and the Tyranny of Fantasy 'Gold'
(acoup.blog)
This week on the blog I want to take a brief detour into discussing historical coinage, particularly in the context of modern fantasy and roleplaying settings. In particular, the notions I want to tackle are first how did ancient currency systems work in terms of value (what could you buy with how much) and then second how often were people likely to use physical currency at all?
This week on the blog I want to take a brief detour into discussing historical coinage, particularly in the context of modern fantasy and roleplaying settings. In particular, the notions I want to tackle are first how did ancient currency systems work in terms of value (what could you buy with how much) and then second how often were people likely to use physical currency at all?
Coinage and the Tyranny of Fantasy 'Gold'
(acoup.blog)
This week on the blog I want to take a brief detour into discussing historical coinage, particularly in the context of modern fantasy and roleplaying settings. In particular, the notions I want to tackle are first how did ancient currency systems work in terms of value (what could you buy with how much) and then second how often were people likely to use physical currency at all?
This week on the blog I want to take a brief detour into discussing historical coinage, particularly in the context of modern fantasy and roleplaying settings. In particular, the notions I want to tackle are first how did ancient currency systems work in terms of value (what could you buy with how much) and then second how often were people likely to use physical currency at all?
International Bank Note Society
(theibns.org)
The International Bank Note Society (IBNS) announces that its voting membership has for the first time selected the Eastern Caribbean Central Bank to receive its annual prestigious “Bank Note of the Year Award” for 2023.
The International Bank Note Society (IBNS) announces that its voting membership has for the first time selected the Eastern Caribbean Central Bank to receive its annual prestigious “Bank Note of the Year Award” for 2023.
Ruble tumbles as Russia's war economy comes under increasing strain
(politico.eu)
The ruble tumbled on Wednesday to its lowest level in over two years, as a mix of low oil prices, new sanctions against Russian businesses and burgeoning government spending on its war effort put ever-greater strain on the Russian economy.
The ruble tumbled on Wednesday to its lowest level in over two years, as a mix of low oil prices, new sanctions against Russian businesses and burgeoning government spending on its war effort put ever-greater strain on the Russian economy.
Russia's rouble plunges to lowest rate since early weeks of Ukraine war
(theguardian.com)
Russia’s rouble has plunged to its lowest rate against the dollar since the early weeks of the full-scale invasion of Ukraine in the wake of new western sanctions and growing geopolitical tensions.
Russia’s rouble has plunged to its lowest rate against the dollar since the early weeks of the full-scale invasion of Ukraine in the wake of new western sanctions and growing geopolitical tensions.
Russian Central Bank Halts Currency Buying Until 2025 as Ruble Slides
(themoscowtimes.com)
Russia’s Central Bank said Wednesday it will suspend buying foreign currency on the domestic market for the rest of 2024 as the ruble continued sliding to its lowest levels since Russia invaded Ukraine in 2022.
Russia’s Central Bank said Wednesday it will suspend buying foreign currency on the domestic market for the rest of 2024 as the ruble continued sliding to its lowest levels since Russia invaded Ukraine in 2022.
Don't Bet Against the Dollar
(bloomberg.com)
America’s growing and dynamic economy means that global demand for the US currency will continue to be strong.
America’s growing and dynamic economy means that global demand for the US currency will continue to be strong.
Using Euro coins as weights (2004)
(rubinghscience.org)
Here is a cheap way to obtain a set of standard weights, for measuring weights up to about 100 gram, to an accuracy of about 0.5 gram : Use the coins of the currency of your country. Thus one can make use of the fact that these coins are fabricated in mass production, and because of that have not only a constant shape and size, but also a constant and accurately fixed weight.
Here is a cheap way to obtain a set of standard weights, for measuring weights up to about 100 gram, to an accuracy of about 0.5 gram : Use the coins of the currency of your country. Thus one can make use of the fact that these coins are fabricated in mass production, and because of that have not only a constant shape and size, but also a constant and accurately fixed weight.
Do We Need a 37-Cent Coin? (2009)
(freakonomics.com)
Dubner thinks we should do away with the penny.
Dubner thinks we should do away with the penny.