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 euro is back in fashion again. External factors are mostly behind the euro's gains. It corresponds to a dollar weakness, related to President Trump's failures to get much of his agenda into law. Confidence in US policies is dwindling, and currency investors are migrating to the euro once again.
The Bank of England has just unveiled a new ten pound note. Adorning the new currency, is the image of one of the world’s best known writers of romantic fiction: Jane Austen. She died exactly 200 years ago and putting her portrait on the new note is a fitting tribute. The novelist not only wrote about love and marriage but also took a keen interest in…money. Stephen Beard reports.
Helmut Kohl, who died today aged 87, leaves behind an economic legacy which was, at times, controversial. He's respected as the father of the European Union and the common currency, the euro. However, his handling of the reunification of Germany was contentious, especially for East Germans who say mass unemployment and economic hardship.