The 50-pence pieces emblazoned with “Oct. 31, 2019” will be recycled. (So will those with “March 29.”)
Tag: Currency
Argentina Restricts Access to Foreign Currency to Stave Off Financial Crisis
The imposition of currency controls is a remarkable about-face for Argentina’s president, who was elected on the promise of liberalizing the economy.
‘Weaponized’ Currency and Mining Limits: China’s Responses to Trump Take Shape
Beijing’s signals suggest it is ready to retaliate should the White House follow through on its new tariff threat, with potentially disruptive results.
Circulating in China’s Financial System: More Than $200 Billion in I.O.U.s
As the trade war escalates, Beijing needs private companies to pull China’s economy out of its rut. But for some, ready money can be hard to find.
How Does China’s Currency Move Put Pressure on U.S.?
A weaker renminbi blunts President Trump’s tariffs on Chinese-made goods. But the strategy carries risks beyond worsening relations with the United States.
For Erdogan, the Bill for Turkey’s Debt-Fueled Growth Comes Due
Istanbul voters’ rebuke of the nation’s strongman leader speaks to broader dismay over the economic disaster he oversaw.
The Week in Business: Stocks Hit a Record High, and Facebook Wants to Replace Your Bank
Plus, tensions with Iran reach a boiling point and Trump’s meeting with China’s president.
Italy’s Toying With a ‘Mini-BOT’ Worries E.U. and Investors
The populist government says issuing mini-treasury bills, similar to IOUs, would help Italy deal with its debt. Others see a scheme to leave the euro.
New 100- and 200-Euro Notes Are Safer, Sturdier and Vegan Friendly
The bills, which entered circulation on Tuesday, complete the European Central Bank’s overhaul of paper money to make it easier to handle and harder to forge.
Risk to Turkey’s Economy Deepens With New Istanbul Election
President Recep Tayyip Erdogan’s government is spending billions to prop up the currency amid new economic turmoil. The question is how long it can last.