Money makes the world go round, they say. But for this to make sense, national currencies have to be recognized and trusted stores of value so that they can be traded among nations in foreign exchange markets.
Alongside classical forms of money, the rise of the Internet has also produced a rise in digital or virtual currencies with all their pros and cons. This page presents the latest DW content related to money and currencies.
Venezuelan president Nicolas Maduro has announced the introduction of a new currency exchange system to tackle the country’s economic crisis. It is the latest in a series of measures, which have included cracking down on bakeries selling pastries instead of bread.
2008 was a bad year for Iceland. Its three largest banks collapsed - with assets 20 times bigger than the state budgets, the stock market was all but wiped out, and the country's currency, the Krona, fell in value. Since then the Nordic nation has staged a remarkably fast recovery. This week it is saying goodbye to capital controls put in place to stabilise the currency after the crisis.