CoinWeek: Revived ANA Money Museum Exhibit Now Online. “The ANA Money Museum’s exhibit, ‘Coins, Crown & Conflict: An Exploration of Cromwell’s England’ – originally displayed in 2007-08 – can now be appreciated virtually. The popular exhibit was based on the history of the English Civil Wars and featured some of the great rarities of English […]
Washington Post: A penny pinch: How America fell into a great coin shortage. “When the nation’s coin shortage trickled down to Giant Wash Coin Laundry, chief executive Daryl Johnson plastered his stores with signs urging customers to bring in loose quarters and reprogrammed the change machines at his Minneapolis-area chain to take only smaller bills. […]
Mass Live: A ‘strange effect’ of the COVID-19 pandemic: Coin shortage leaving stores, banks begging for loose change. “When the cash registers ran dangerously low of quarters this month, the owners of Fruit Fair supermarket took the drastic step of raiding their gumball machines. They aren’t alone in seeing coin supplies run dry. With many […]
New York Times: Will the Penny Survive Coronavirus? Some Hope Not. “A nationwide coin shortage caused by the coronavirus pandemic has revived a debate: Is now the time to eliminate the penny? During lockdowns, consumers have stayed home and avoided emptying their piggy banks of coins in exchange for paper money. Shoppers have also opted […]
BloombergQuint: U.S. Dollar Suffers Its Worst Month in a Decade. “The euro rose the most in a decade this month, the British pound is headed for its best July since 1990, and for the first time this year, every major currency in the world rose against the greenback. A gauge of the dollar against its […]
United States Mint: United States Mint Statement on Circulating Coins. “The impact of COVID-19 has resulted in the disruption of the supply channels of circulating coinage – the pennies, nickels, dimes, and quarters that the American people and businesses use in their day-to-day transactions. The United States Mint is part of the solution to this […]
Los Angeles Times: No cash, please, we’re skittish: How coronavirus has spawned fear of paper money. “No longer a thing to be shoved mindlessly into a pocket, tucked into a worn wallet or thrown casually on a kitchen counter, paper money has seen its status change during the virus era — perhaps irrevocably. The pandemic […]
BBC: Facebook ‘rethinks’ plans for Libra cryptocurrency. “Facebook is reportedly rethinking its plans for its own digital currency after resistance from regulators. It is now considering a system with digital versions of established currencies, including the dollar and the Euro, according to Bloomberg and tech site The Information.”
United States Mint: United States Mint Launches New Online Education Game “Map Mania”. “The United States Mint (Mint) launched its newest educational game Map Mania. This game teaches U.S. geography, helping students to learn the 50 states, state capitals, and state trivia based on the America the Beautiful Quarters® and 50 State Quarters Programs.” Apparently […]
David Strom: Understanding new non-money uses for blockchain. “When it comes to thinking about blockchains, most of us automatically go to cryptocurrencies like bitcoin and Ethereum and think about money. How much are these currencies worth in US dollars? How much value have they gained or lost recently? It took two financially-related but non-monetary examples […]
Ars Technica: Facebook is backpedaling from its ambitious vision for Libra. “David Marcus, the head of Facebook’s new Calibra payments division, appeared before two hostile congressional committees this week with a simple message: Facebook knows policymakers are concerned about Libra, and Facebook won’t move forward with the project until their concerns are addressed.”
Bloomberg: Facebook Says Libra Won’t Launch Until Regulators Satisfied. “Facebook Inc. won’t launch Libra, the controversial cryptocurrency it’s planning to build with dozens of partner firms, until regulators’ concerns are fully addressed, according to the company’s top executive on the project.”
BBC: Will Facebook’s digital money Libra be good for Africa?. “As a Zimbabwean living in South Africa, I have become numb to the daylight robbery that ensues whenever I receive money from abroad or send cash to my family back home. As such, like many other cautious pragmatists, I relish the prospect of a network […]
The Zimbabwe Mail: Zimbabwe gov goes after black market blog websites and social media platforms. “The embattled micro-blog platform Market Watch Zimbabwe, rub by street black market money changing operatives who call themselves independent analysts focused on research into the Zimbabwean parallel markets as well as the stock market has suspended services after the government […]