The peso’s soaring value means the money that Mexicans in the United States send home doesn’t go as far as it used to.
Category: Currency
-
Europe Vowed to Make Russia Pay for the War. It’s Not That Easy.
Confiscating Russian state assets frozen by the United States and Europe could breach international law and set a dangerous precedent, experts say.
-
Pan Gongsheng Named Head of Chinese Central Bank
Pan Gongsheng, who was named governor of the People’s Bank of China after overseeing $3 trillion in reserves, stopped a currency plunge in 2016.
-
What Benjamin Franklin Learned While Fighting Counterfeiters
Long before there were Benjamins in circulation, the founding father was all about experimenting with printing techniques as he worked on securing colonial printed currency.
-
Turkey’s Lira Falls to New Low as a New Economic Policy Forms
The lira plunged 7 percent against the U.S. dollar, as a newly appointed finance minister promising “rational” economic policy takes charge.
-
India Will Scrap 2,000 Rupee Notes, Echoing 2016 Demonetization
The move to retire 2,000-rupee notes, worth $24, has triggered bad memories of a similar campaign in 2016. It has also left some businesses short of change.
-
The Coin, the Constitution, Premium Bonds: The Debt Limit Workarounds
As Congress hurtles toward a debt limit showdown, ways to work around it are garnering attention.
-
Has Bitcoin Benefited From the Banking Crisis? Not in the Way Its Fans Hoped.
Bitcoin’s price has soared since banks failed this month, but there’s little evidence that the surge is being driven by investors treating the virtual currency as a financial alternative.
-
Rules to Curb Illicit Dollar Flows Create Hardships for Iraqis
The regulations were meant to prevent dollar transfers to those targeted by U.S. sanctions on Iran, Syria and Russia. But they have ended up harming ordinary Iraqis who need U.S. currency for business or travel.
-
Turkey’s Reeling Economy Is an Added Challenge for Erdogan
The earthquake’s staggering reconstruction bill will join other economic woes as the country’s autocratic leader faces re-election.
-
Celia Cruz Will Be First Afro-Latina to Appear on the U.S. Quarter
Ms. Cruz, a Cuban American singer known as the Queen of Salsa, was described by the U.S. Mint as “one of the most popular Latin artists of the 20th century.”
-
How Multicurrency Accounts Take the Bite Out of Spending Money Abroad
Travelers fed up with lousy exchange rates and punitive foreign transaction fees are signing up for apps that let them decide where the buck (or euro or pound) stops.