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.
Eight years of civil war have crushed the Syrian pound. Back in 2011, you paid 50 of them for one US dollar. Today, the official exchange rate brings you over 200. But money is scarce, pushing up prices on the black market. The crash against major currencies has made doing business in the war-torn country a huge challenge.
Zimbabweans who had hoped for change after President Robert Mugabe was deposed in 2017 say they are economically worse off. At the time of the former president's death, unemployment is above 80% and electricity, water and fuel are all in short supply.
Argentina's economic crisis has taken a turn for the worse. Investors are already fearing a repeat of the 2001 default, which threw the country into one of its worst economic crises. The government is scrambling to do what it can to keep the country above water.
Argentina's stock markets took another battering on Tuesday, despite the country's new finance minister saying that stabilizing the peso is the main priority in the wake of an ongoing economic crisis. The currency did rally somewhat on the back of the comments, but uncertainty remains ahead of October's presidential election.