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.
Twelve months ago, the Indian Prime Minister declared almost 90 percent of the cash in his country invalid. Weeks of lengthy bank queues followed. But despite fears, there was no unrest following the monetary shock therapy. Nonetheless, many are still suffering its effects.
You earn money in one currency, but took out a major loan in another. What happens if the bet backfires: your currency dips and you can't service the debt? The ECJ has ruled that the bank should have clearly warned you.