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.
Germany is not planning financial aid to help Turkey deal with its currency crisis, the Berlin government says. Opportunities may arise to buy indebted Turkish firms, but for now German business leaders are indifferent.
As the lira struggles at all time lows, many Turks are rallying behind President Recep Tayyip Erdogan’s calls to exchange US dollars for local currency. One Istanbul restauranteur has hit upon his own novel scheme to rescue the lira.
Turkey says it will increase tariffs on imports of several key US products in retaliation for US sanctions.The bitter tit-for-tat dispute between the two NATO allies has battered Turkey's currency. Keith Walker asks DW business reporter Andreas Becker how Turkey arrived at this point. And we hear from DW's Istanbul correspondent, Dorian Jones, about how Turks see the financial crisis.