currency

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If You Invested $100 in Bitcoin in 2010, You'd Have $75M Now

Price has more than doubled this month

(Newser) - Monday was Bitcoin Pizza Day, the anniversary of the day in 2010 when developer Laszlo Hanyecz paid 10,000 bitcoins for two pizzas in the online currency's first recognized transaction. The same amount of bitcoins would be worth around $22.5 million now. The currency, which sank to $443...

Trump: US Dollar Is 'Getting Too Strong'

He shifted on 3 policies in WSJ interview

(Newser) - President Trump managed to do an about-face on no less than three policies in an interview with the Wall Street Journal on Wednesday—and he made what analysts say were highly unusual comments about the American dollar in the process. "I think our dollar is getting too strong, and...

Venezuela's Leader Blames 'Macabre' Obama Plan for Looting, Riots

He claims decision to scrap bank notes is a triumph

(Newser) - Venezuela's president said Sunday that the sudden decision to scrap the country's most-used currency bill was an economic triumph over the country's enemies even as the government sent troops and police to cities where riots and looting broke out over the measure. In a national radio and...

Queen Was Only Woman on Canadian Money—Until Now

Viola Desmond, 'Rosa Parks of Canada,' to appear on $10 bill in 2018

(Newser) - Only one woman currently appears on Canadian currency, but Queen Elizabeth II is about to get a partner. Starting in 2018, civil rights pioneer Viola Desmond—aka the "Rosa Parks of Canada"—will have her mug on the country's $10 bill, the Toronto Star reports. The Globe ...

3 Weeks After India's Rupee Ban, a 'Day of Rage'

Monday sees scattered protests

(Newser) - A surprise move earlier this month took India's two largest bank notes out of circulation, and on Monday scattered "day of rage" protests cropped up in various cities in response to the measure, the BBC reports. Although the ban on the 500- and 1,000-rupee notes was meant...

He Works at Home Depot—When Not Messing With Venezuela

Gustavo Diaz once tried to overthrow Chavez; now he lives in Alabama

(Newser) - When he's not selling padlocks at Home Depot in Hoover, Ala., 60-year-old Gustavo Diaz is heading what Venezuelan President Nicolas Maduro calls an "economic war" against his country, laid out in full by the Wall Street Journal . Diaz's instrument: his DolarToday.com website, which Venezuela insists posts...

India's Shocking Move to Catch Tax Evaders

It's pulling its two largest bank notes from circulation

(Newser) - A surprise announcement out of India Tuesday night is being called by local media a "surgical strike" against currency corruption that's infiltrated the nation, the BBC reports. Per CNNMoney , India Prime Minister Narendra Modi announced that the country's two largest current bank notes—the 500-rupee note and...

Aussies Want 'All-Time Greatest Bloke' on Currency

That would be the late Steve Irwin

(Newser) - More than 25,000 people have signed a Change.org petition that aims to put the "all time greatest Australian bloke" on the country's currency, the BBC reports. That bloke is the late conservationist Steve Irwin, who died 10 years ago this month. "With a list a...

Judge Dumps Laundering Charges, Says Bitcoin's Not Real

Virtual currency can't 'be hidden under a mattress like cash and gold bars': Miami judge

(Newser) - Bitcoins may be valuable in tech circles, but to a judge in Miami-Dade County, the virtual money is nothing more than shadow currency. On Monday, Judge Teresa Mary Pooler discarded felony charges against website designer Michell Espinoza, who had been accused of transmitting and laundering $1,500 in bitcoins—an...

Iowa Rep Tries to Keep Harriet Tubman Off $20, Fails

Steve King called move to swap in Tubman for Andrew Jackson 'racist,' 'sexist'

(Newser) - It was announced in April that abolitionist Harriet Tubman would be replacing Andrew Jackson on the $20 bill, but at least one Iowa lawmaker says it's "racist" and "sexist" to even consider adding a woman of color to US currency. "It's not about Harriet Tubman,...

Why We Must Stop Printing $100 Bills
 Why We Must 
 Stop Printing 
 $100 Bills 
OPINION
Feb 16, 2016 12:40 PM CST

Why We Must Stop Printing $100 Bills

Big notes are for criminals: Larry Summers

(Newser) - How often do you use $100 bills? Never? That's probably because you're not a criminal. As Lawrence H. Summers explains at the Washington Post , there's a school of thought that high-denomination currency aids crime and even terrorism. In a new paper out of Harvard, senior fellow Peter...

Why Canadians Are Cutting Currency in Half

Local currency aims to keep money in the community

(Newser) - In the Gaspesie region of northern Quebec, locals are cutting money in half. Why? It's all about boosting the local economy, Fast Company explains. Martin Zibeau and his friends heard about the idea of alternative currencies from a French tourist, and the group decided to try putting the idea...

Chinese Yuan Hits 'Important Milestone'

It joins an elite club used for Special Drawing Rights

(Newser) - The Chinese yuan will join a basket of the world's leading currencies. The International Monetary Fund said Monday the yuan "met all existing criteria" to be included with the US dollar, euro, Japanese yen, and the British pound as one of the currencies used for the global organization'...

Simpsons Joke Inspires Man's Drive to Rename Aussie Money

'Millions of people around the world' will want some of this funny money: petitioner

(Newser) - Malcolm Turnbull has been Australia's prime minister for just over a month, but he's already got a tall order before him. "If the leaders of this great nation have any common sense at all, they will introduce legislation to parliament to change the name of our currency...

ISIS Rolls Out Own Currency, Music Video

Propaganda recording intros new coins to replace 'satanic conception of banks'

(Newser) - Fed up with what it describes as the "satanic conception of banks," ISIS says it's releasing its own new currency, and it's put out a nearly one-hour-long video to explain it, the Jerusalem Post reports. The video released by the group's media arm explains its...

Why Some Women Aren't Thrilled About Woman on $10

Bill-sharing wasn't what they had in mind

(Newser) - According to Federal Reserve circulation figures, you're a lot more likely to have an Andrew Jackson in your wallet than an Alexander Hamilton, which is one reason why Women on 20s campaigners say putting a woman on the $10 instead isn't ideal. The group says the Treasury plan...

Zimbabwe Exchange Rate: $35 Quadrillion to US Dollar

Country getting ready to kill off currency

(Newser) - If you happen to have a spare few thousand trillion Zimbabwean dollars lying around the house, now is the time to cash them in. The country is finally killing off the hyperinflated currency it stopped printing in 2009 and is offering $5 US to people with up to 175 quadrillion—...

Poll: Harriet Tubman Should Be on the $20

She beats out Eleanor Roosevelt and other luminaries in bid to get Jackson replaced

(Newser) - Nothing is officially settled in the debate over a replacement face for the $20 bill . But a poll that received more than 600,000 votes shows Harriet Tubman as the clear preference to take Andrew Jackson's spot, USA Today reports. The Women on 20s campaign had four finalists in...

Senate Bill Asks Treasury to Consider Woman on $20 Bill

Jeanne Shaheen's measure comes amid online push

(Newser) - The campaign to put a woman on the $20 bill isn't just an online movement anymore. Sen. Jeanne Shaheen has introduced legislation to help make it happen, reports the Washington Post . Under the New Hampshire Democrat's measure, the Treasury would "convene a panel of citizens" to discuss...

Even Beggars Don't Want Zimbabwe's New Coins

Locals consider them worthless

(Newser) - American bills have been used in Zimbabwe since the country adopted the US dollar in 2009. American coins? Not so much. Coins are more difficult to get into circulation, so locals had been using lollipops, gum, and pens as change, Reuters reports. Last month, however, Zimbabwe introduced its own "...

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