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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.
Lebanon is in the grip of a massive economic crisis that has prompted banks to impose draconian restrictions on withdrawals. People desperate to get hold of their savings have now taken drastic action. Millions are unable to pay for basic needs.
Former guerrilla fighter Gustavo Petro is about to become Colombia's new president, leaving campaign controversies behind him. In recent weeks, Petro has managed to forge alliances to guarantee him a majority in parliament, and his popularity has soared among Colombians.
With inflation nudging 30%, high public debt and the country's currency losing value against the US dollar, Ghana is turning to the International Monetary Fund for support. The government blames the Covid-19 pandemic and Russia's invasion of Ukraine.
Zimbabwe's central bank has begun selling gold coins to the public to help protect people's savings against the country's runaway inflation and offer an alternative to the widely used US dollar. Ordinary Zimbabweans have mixed feelings about the novel strategy.