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.
The US dollar is going from strength to strength while the European single currency is sliding - even more so, since the US Federal Reserve announced there could be further rate hikes next year. At the moment, the euro-dollar exchange rate has almost reached parity.
President Maduro's latest economic experiment has tested the patience of many Venezuelans. First the government announced the country's 100-bolivar bill would be pulled from circulation but newly printed notes of higher denomination still hadn't arrived. During the weekend a general sense of chaos had spread throughout the country.
As Venezuelans prepare for the country's largest note to be taken out of circulation, President Nicolas Maduro has closed the border to Colombia. He has accused "mafias" of plotting to destabilize the economy.