August 1, 2003 |
With the Baltimore convention in full swing today, members of the American Numismatic Association are seeing a panorama of American coinage and currency almost unsurpassed in history. In the Baltimore Convention Center, the association has opened an exhibition, assembled by collector John Whitney, of 1,395 pieces of U.S. currency. Arranged in 43 display cases, the currency traces the history of U.S. paper money and outlines plans for collecting. Paper money appeared after the Civil War in many sizes, colors and legal bases.
July 1, 2013 |
Processing a credit-card charge for overseas purchases used to be pretty simple. You swiped your card while on vacation, your bank changed the money from pesos or euros into greenbacks, and the amount you spent appeared on your bill. Maybe you paid a small conversion fee, but you also got a competitive exchange rate. Not anymore. Just ask Jae Cuadra, who recently tried to buy a round-trip train ticket between the Swiss cities of Interlaken and Lauterbrunnen. The purchase at a train station in Interlaken went on his Capital One Visa card, which doesn't charge to convert foreign currencies.
March 11, 1990 |
American legends, depicted through the engravers' art, once made U.S. currency lively. From the Civil War until the 1928 issues, U.S. currency was large and richly ornamented. Collectors have been drawn to the portaiture and narrative scenes on those notes. Columbus' discovery of America; scenes of warfare, agriculture and industry; Franklin flying his kite; historic ceremonies, and images of eagles, bears and buffaloes - all found their way onto paper money. More than 400 lots of U.S. and colonial currency will be auctioned Thursday at the Omni Park Central Hotel, Seventh Avenue at 56th Street, New York City.
March 7, 1988 |
Time was when the back seat of a Bogota taxi or the back room of a Paris bistro was a good place - some experienced travelers would tell you the best place - for an American to change dollars into the local currency. In other words, black-market exchange rates in many countries were much better than the banks' official rates. That may still be true in parts of the Third World or the Eastern bloc, where hard currencies are often in great demand. But for the most part, the business of international exchange is lucrative enough for banks and independent currency dealers that their rates are competitive with any to be found in an alley.
October 6, 1990 |
British Prime Minister Margaret Thatcher surprised the international financial community yesterday and accelerated the pace of European integration by announcing that her country would join the European Community's exchange- rate mechanism as of Monday. At the same time, she announced a 1 percent cut in Britain's interest rates, from 15 percent to 14 percent. The British move is a significant step toward the eventual creation of a single European currency and a European banking system.
May 21, 1998 |
News item: Since former mayoral top aide David Cohen has eclipsed Benjamin Franklin, according to Bar Chancellor Mark Aronchick, the Board of Governors of the Federal Reserve Bank of Philadelphia has issued an immediate order withdrawing all $100 bills in circulation in this region. Do not be alarmed: The bills will be redeemable for City of Philadelphia River Gaming Bonds, maturing in 2048. The familiar $100 bill will be reissued and replaced with currency bearing David Cohen's portrait.
March 17, 2015 |
Every nation, it seems, is devaluing its currency. The governments of Japan, Canada, the eurozone, Sweden, the United Kingdom, Russia, and some South American countries are all debasing their currencies - deliberately, to help their economies. What it does is make imports from those countries significantly cheaper than U.S. products. You don't have to be a genius to figure out that, as a result, demand for American products will slow and foreign imports will displace homegrown goods.
June 22, 1988 |
Financial markets staged strong rallies today as the dollar surged amid optimism that leading Western industrial nations would support a higher level of the U.S. currency. The dollar began rising in Asia and Europe after leaders of the seven biggest industrial democracies, who met in Toronto for three days this week, said they would support a slightly higher dollar. Wall Street stocks made a strong start with the key Dow Jones industrial index rising 32 points to 2,141 by 11:20 a.m. Volume on the New York Stock Exchange was heavy, with 45 million shares changing hands in the first 30 minutes.
February 19, 2011 |
Pride is Albert Pujols' chosen currency St. Louis Cardinals first baseman Albert Pujols will almost assuredly become a free agent after this season. Depending on whom you listen to (Tom Verducci or Jon Heyman at SI.com, Ken Rosenthal at Fox Sports, Tim Brown at Yahoo), the Cards offered Pujols a deal for somewhere around $22 million a year for about eight to 10 years. That's $3 million less per season than the Phillies will be paying Ryan Howard to strike out every 31/2 plate appearances from 2012 until 2016.
November 12, 1992 |
The Philadelphia Stock Exchange is reaping the benefits of volatile world markets as investors turn more to options to protect their money. During the last two months, the exchange's trading volume in currency options has soared, according to exchange officials. In September, traders bought and sold through the Philadelphia exchange a record 1.6 million currency-options contracts valued at $75 billion. In October, trading volume reached 1.3 million contracts, the second most active month in exchange history.