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Currency

All articles tagged with #currency

Iran's Rial Hits Record Low as War and Student Protests Deepen Economic Crisis
world-news11 days ago

Iran's Rial Hits Record Low as War and Student Protests Deepen Economic Crisis

The Iranian rial has fallen to an all-time low against the US dollar, with street rates reaching 2.5 million rials per dollar, as the ongoing war erodes economic stability. Simultaneously, students in Tehran are protesting against compulsory hijab, rising tuition, and poor welfare services, facing threats from Basij security forces. These events highlight the deepening socio-economic crisis in Iran, which has also impacted global markets and US politics.

via Yahoo Finance|
#currency#economy#iran
Delhi BRICS Summit Tests Unity as Bloc Weighs Currency Shifts
world29 days ago

Delhi BRICS Summit Tests Unity as Bloc Weighs Currency Shifts

BRICS leaders gather in New Delhi as wars strain the bloc, weighing expansion and steps toward reducing dollar dominance through currency diversification and greater financial cooperation. India seeks strategic autonomy while balancing ties with the West and with China, but consensus is likely to be incremental given divergent member priorities. The bloc’s influence will hinge on keeping the group together and delivering concrete economic cooperation rather than broad confrontations with Western-led systems.

via AP News|
#brics#currency#global-economy
Trump Portrait Debuts on $1 Coin Amid Persistent Poll Numbers
politics1 month ago

Trump Portrait Debuts on $1 Coin Amid Persistent Poll Numbers

Recent polls show Donald Trump remains deeply unpopular among Americans (disapproval around 56%–60%), with multiple surveys reporting high unfavorable ratings; meanwhile the U.S. Mint will sell $1 coins featuring his official White House portrait to commemorate the 250th anniversary. The coins have a gold-like finish (no precious metal) and are priced at $154.50 for a 100-coin quantity or $61 for a roll of 25, with 250,000 coins minted and a July 4 privy mark.

via Detroit Free Press|
#currency#note-extra-tag-not-allowed#politics
Trump Debuts on a U.S. $1 Coin as Mint Celebrates 250th Anniversary
politics1 month ago

Trump Debuts on a U.S. $1 Coin as Mint Celebrates 250th Anniversary

Donald Trump’s portrait adorns a new commemorative $1 coin released by the U.S. Mint to mark the 250th anniversary of the United States, making him the first living president depicted on U.S. currency in about a century. The coins cost $61 per roll of 25 or $154.50 for 100 and quickly went out of stock on the Mint’s site; they’re also sold via vending machines at the Mint store in Washington, D.C. The coins are copper-based (about 88.5% copper) with zinc, manganese and nickel and contain no gold, described by the Mint as a “once-in-a-generation” design for a milestone celebration.

via BBC|
#250th-anniversary#commemorative-coin#currency
US Mint Rolls Out $1 Coin Featuring Trump Ahead of 250th Anniversary
politics1 month ago

US Mint Rolls Out $1 Coin Featuring Trump Ahead of 250th Anniversary

The US Mint began circulating a $1 coin with Donald Trump’s portrait to commemorate the United States’ 250th anniversary, a controversial move as it marks the first time a living person has appeared on US currency in about a century. The obverse features Trump with LIBERTY and IN GOD WE TRUST, while the reverse shows the presidential seal with “250.” The coins sell for a premium (25-coin roll for $61; 100-coin bag for $154.50) but remain legal tender. The move aligns with Trump-era branding efforts tied to the semiquincentennial, though critics—including Democratic senators—call it vanity and inappropriate for currency; supporters frame it as patriotic. There have been discussions of a $250 Trump bill, but no legislation has passed, and officials did not immediately comment.

via Al Jazeera|
#currency#living-person-on-currency#politics
Trump Image on $1 Coin Tests Currency Rules and Tradition
politics1 month ago

Trump Image on $1 Coin Tests Currency Rules and Tradition

The U.S. Mint released a $1 coin bearing Donald Trump's image to celebrate 250 years of American heritage, despite an 1866 rule banning living people on U.S. currency; supporters cite historical exceptions and the case remains legally unsettled as critics argue it's illegal, while a federal judge declined to block the coin and roughly 9 million coins are being minted and sold for about $61 per 25 coins.

via The Guardian|
#currency#legal-issues#living-person-on-money
business1 month ago

Trump Portrait Hits U.S. Mint Circulation for 250th Anniversary

The U.S. Mint has begun circulating and selling $1 gold-colored coins bearing Donald Trump's portrait to commemorate the nation’s 250th anniversary, the first time a living person has appeared on U.S. currency since 1866; they’re sold in 25- or 100-coin packages starting at $61, with per-coin prices between $1.55 and $2.44, and the coins were shown to foreign officials at a G20 sideline event this week.

via Politico|
#business#currency#living-person-on-currency
Trump portrait on $1 coin launches from U.S. Mint, stirring legality questions
politics1 month ago

Trump portrait on $1 coin launches from U.S. Mint, stirring legality questions

The U.S. Mint begins selling a $1 gold-colored coin featuring President Donald Trump—the first living person to appear on U.S. currency in more than a century—as part of a 250th-anniversary program. The coins go on sale Sept. 2 in bags and rolls, including a batch of 250,000 coins with a July 4 privy mark. The move has sparked questions about legality since U.S. law typically limits portraits on currency to the deceased, though the Treasury cites a 2020 law allowing the semiquincentennial coin for one year. Neither the coin nor a proposed 24K gold commemorative coin received review from the Citizens Coinage Advisory Committee. The coins are described as having a gold-like finish and do not contain precious metals.

via USA Today|
#coins#currency#legality
Dollar Debasement Fears Rise as Treasury Debt Buybacks Stir Devaluation Talk
economy1 month ago

Dollar Debasement Fears Rise as Treasury Debt Buybacks Stir Devaluation Talk

Fortune reports that economist Robin Brooks warns the Treasury’s plan to buy back more long‑term debt could put the dollar on a path toward debasement and a devaluation spiral similar to Japan’s, while other analysts argue the move is largely a symbolic fix that won’t address the underlying deficit; the debate centers on whether yields will stay elevated and what this means for the dollar’s near‑term trajectory.

via Fortune|
#currency#debasement#debt
Dollar slips on Treasury buybacks fueling currency jitters ahead of Jackson Hole
currency1 month ago

Dollar slips on Treasury buybacks fueling currency jitters ahead of Jackson Hole

The dollar eased as the U.S. Treasury signaled expanded bond-buybacks to dampen yields, prompting questions about potential implications for the currency. The euro rose to about $1.1703 and the pound held near its highs, while the yen firmed after inflation data, as traders await the Federal Reserve’s Jackson Hole symposium for new guidance.

via Yahoo Finance|
#bond-buybacks#currency#dollar
Yen Intervention Likely to Stall, Analysts Warn
currency2 months ago

Yen Intervention Likely to Stall, Analysts Warn

U.S. efforts to shore up the yen are unlikely to yield a lasting recovery because Japan’s policy mix favors a soft currency for exporters, the US–Japan rate gap remains wide, and the intervention’s design (reportedly buying yen with euros rather than dollars) limits broader dollar-policy implications; without policy shifts in Tokyo or direct dollar selling, any yen rally is likely temporary.

via Yahoo Finance|
#boj-policy#carry-trade#currency