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Currency

AP Explains: How a ‘currency war’ could weaken US economy

WASHINGTON (AP) — President Donald Trump’s trade conflict with China escalated this week when Beijing let its currency fall to its lowest level against the dollar in 11 years and suspended its purchases of U.S. farm goods — and the Trump administration promptly branded China a “currency manipulator.” Trump’s response …

The Invention of Money | The New Yorker

In three centuries, the heresies of two bankers became the basis of our modern economy. hen the Venetian merchant Marco Polo got to China, in the latter part of the thirteenth century, he saw many wonders—gunpowder and coal and eyeglasses and porcelain. One of the things that astonished him most, however, …

What is Libra? – The Economist explains

Facebook’s digital currency could become one of the world’s biggest financial entities ANYONE WHO has watched the price of bitcoin bucking and rearing in recent years—or seen Facebook attacked for its handling of private data—might have been surprised to learn that the social-media giant is releasing its own digital currency. …