Inflation

This tag is associated with 5 posts

Congo To Issue New Banknotes

The Democratic Republic of Congo announced it would release three new higher denomination banknotes next month. Currently, the highest denomination in circulation is the 500 Congolese franc. The new bills will introduce denominations of 1,000, 5,000, and 10,000 francs. According to an article published by Reuters, the announcement of these new denominations was cause for […]

Belarus To Eliminate Br10 and Br20 Banknotes

The National Bank of Belarus announced this week that it will begin the process of eliminating both the Br10 and Br20 banknotes. The bank will stop issuing the notes in September 2012, and expects them to be removed entirely from circulation by April 2014. The decision to eliminate the notes comes on the heels of […]

Thai Opposition Party warns government on Currency policy

Politicians in Thailand’s opposition party are warning the government not to force the central bank to print extra currency to cover the country’s public debt, saying this process would simply turn banknotes into “worthless paper.” In their proposed 2012 fiscal plan, the Thai government is attempting to borrow Bt400 billion to finance the budget deficit […]

“Counterfeiting, A Three-Part Series.” Part 1: A history of counterfeiting

*This article is the first in a three-part series on counterfeiting. The act of counterfeiting is as old as money itself. Plaguing ancient Rome, empirical China, newborn America, and many other nations over the past 2500 years, the illegal activity came hand in hand with the creation of money. Even prior to the invention of […]

North Korea Changes Currency and Rates 100 to 1

The North Korean government announced this week that it would be redenominate their current currency and replace old banknotes with new ones of a drastically lesser value. Though the currency will keep the same name (the won) one hundred old won is now only worth one won – 1/100th of their previous worth. The government […]