Inflation
“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 coin [...]
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 made the [...]
Worldwide Banknote Demand is Increasing
More and More people are pulling out the plastic when making everyday purchases. Debit and credit cards are being used to pay for everything from coffee to cars. But in spite of plastic for purchases increasing, the demand for banknotes is actually growing each year. Besides the familiarity and convenience of paying with good old [...]
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