On July 6, 1785, the United States Congress passed the "Dollar Act", officially adopting the dollar as the national currency. Here is the story of its origins, evolution and today's role of money as a world reserve
It was January 1, 1999 when the single European currency was introduced. Initially only virtual, the banknotes and coins arrived three years later. Today the Euro is present in 20 member states and in the lives of 350 million…
Having concluded the ECB's investigation phase, the process of preparing for the European digital currency now begins. The account will be free and open to all citizens, deposit limit of three thousand euros. Here's when it will be available
Above all, Argentina would take advantage of it, which would dribble the dollar but doubts are growing among economists - Made in Italy instead hopes for a trade agreement between Brazil and the EU
In addition to orecchiette and Primitivo, bread from Altamura, olive trees, a trullo and dolphins from Taranto also end up on coins. Thus the Mint celebrates the southern region
Because some fear the return of price racing. And why they are wrong. Which structural and which economic factors keep the price lists and the most important cost of all at bay.
Molise anticipates Argentina. From 13 February 2021, the ducati banknotes depicting Maradona will circulate, with which families in economic difficulty will be able to buy food products in affiliated shops.
20 years after the death of Carlo M. Cipolla, one of the major Italian historians of the economy, a new edition of the book "Money and Mediterranean Civilization" is published by Il Mulino with an introduction by the Governor of Bank of Italy, Ignazio Visco
In a book published by il Mulino ("Moneta - From Homer's oxen to Bitcoin"), Riccardo De Bonis and Maria Iride Vangelisti of the Bank of Italy argue that, whatever the future of electronic payment systems and cryptocurrencies,…
There are three arrows in the bow of those who argue that there will be an inflationary flare-up. But they popped up. While there are two that will keep her dead and buried
The State Mint has launched a limited edition 5 euro collector's coin, which pays homage to the symbol of Campania's gastronomic tradition: it costs 25 euros and has already been snapped up.
From 2020st March XNUMX the euro changed our lives by becoming the single European currency - It gave us monetary stability and incredibly low rates even if the absence of a European fiscal and budgetary policy partially…
On October 3, 1990, the German Democratic Republic was incorporated into West Germany - A decisive impetus for unification came from Kohl's decision to exchange the two currencies at par
The defeat of President Macri in the primaries and the victory of the Peronists bring Argentina back to the brink of bankruptcy and the central bank raises the interest rate to a record 74%
Facebook has launched Libra, its cryptocurrency, but it's a project that few like because it can have unimaginable effects - Here's why
Giovanni Ferri – full professor at Lumsa, formerly at the Bank of Italy and the World Bank – explains that minibots, in addition to increasing debt, would not work either as currency or as government bonds: their only purpose is…
The central institute has issued a warning to citizens: the creation of scriptural money - such as checks, cards, wire transfers - by the individual citizen has no value, "the only form of legal money is that issued by the ECB". Banks only…
The old Italian currency, to which some would unfortunately like to return, has always been a champion of devaluations, but in 1960 the Financial Times awarded it the title of "most stable currency of the year" - At the time, 620 lire bought a…
The Energy Services Manager (GSE) finally has a summit: Vetrò president and Moneta ad
Yesterday, May 8, the Argentine currency touched a new low against the dollar despite the three maxi rises in interest rates made last week - Macri gives up and asks the Monetary Fund for 30 billion.
The myth of the fixed money supply falls under the scrutiny of the facts regarding Bitcoin which is increasingly undermined by a plethora of new cryptocurrencies among which it does not seem at all the best - Here's why
To save the single currency and the European Union, it is time to think about a major public investment program financed in deficit through new fiscal stimuli covered by the creation of money that will be able to restart demand without…
From HORIZON CHINA, bimonthly of the Istituto Affari Internazionali (IAI) - Europe has supported the internationalization of the Chinese currency much more than the USA and Japan in the belief that it can become one of the pillars of the international monetary order together with the dollar and the euro - The…
The abundant supply of money does not feed into the demand for goods and services and the yield on government bonds is so low that it seems to suggest keeping money liquid rather than taking market risks while a further reduction in…
We are publishing, courtesy of the publisher "Il Mulino", the introduction by Giangiacomo Nardozzi to his new essay "The world upside down - How finance directs the economy" which highlights how politics has abdicated its role to central banks…
The new 20 euro banknotes "will be officially presented on 24 February": it was announced by the Eurosystem (which in addition to the ECB includes the central banks of all the countries of the Eurozone). They will presumably enter circulation not before next summer
In Europe more and more rich areas think it is better to support themselves like Scotland, which has a GDP like the United Kingdom, or Catalonia which produces 20-25% of Spain's GDP - But beyond the…
FROM THE BLOG OF ALESSANDRO FUGNOLI (KAIROS) - Seventy years of external deficits have obviously weakened the dollar, but less than one might think: America has in fact used the money it has been lent over time to buy…
The president of the ECB, Mario Draghi, responded to the International Monetary Fund in Washington, not excluding further easing measures, but saying he was ready to "act if necessary" - And he adds: "The risks of an increase or decrease in inflation are limited in the short term …
To reduce excess liquidity, China's central bank withdrew 48 billion yuan ($7,92 billion) from the market - The unexpected growth in credit in January put downward pressure on rates.
Sharp recovery of the Turkish lira after the aggressive increase in rates launched overnight by the central bank to stop the fall of the currency - The institute said it is ready to keep high rates "lastingly"
War on virtual capitalism: Beijing wants Bitcoin out of the People's Republic's financial institutions - The move "to protect the status of the renminbi as a currency, prevent money laundering risks and protect financial stability" -…
The value took off quickly after discussion of virtual currencies in the US Senate committee earlier this month, particularly when the aforementioned committee called Bitcoin "a legitimate financial service" - Bitcoin under fire because it guarantees anonymity…
Patrick Murck, of the Bitcoin Foundation, said that companies that use virtual currency could flee the United States to more welcoming countries - The debate is boiling in Washington: according to the authorities, bitcoins fuel the illegal economy…
Every day on average trades for 5300 billion dollars - The market has grown by 30% in three years - The dominance of the dollar is stable, the euro is feeling the debt crisis - The yen grows by 63% - Good…
The go-ahead for the adoption of the single currency in 2014 represents a success for Latvia's deep fiscal consolidation, but it must not detract from the role of the domestic production strategy from a regional and global perspective in the long term.
A BOOK by PIETRO ALESSANDRINI - Courtesy of the author and publisher, we are publishing the central part of "Economics and the politics of money" written by the economist of the Marche Polytechnic University for "Il Mulino" - The historic alternation between liberalization and regulation of…
We publish the letter from the economist and professor at Lumsa Giovanni Ferri, in response to one of his students: "Few 'crickets' on your mind! The exit from the euro would have some positive consequences, such as the competitiveness of exports and the end of austerity, but it would be a disaster…
The exchange rate on the American currency is at 1,5152, while that on the euro is at 1,1418, in this case the minimum for over a year - The downgrade by Moody's does not weigh on government securities and the stock exchange.
The Japanese currency, which on Friday had sailed above 90, returned to 85,5 against the dollar, waiting for a new easing of monetary policy to arrive from the Bank of Japan - Last week it closed with…
Faced with the twin deficits, fueled by energy, infrastructural and distribution inefficiencies, the mere optimism of the Central Bank and the possible adoption of a more expansive policy do not seem to be enough to revive growth.
With the victory of the Liberal Democrat party, traders now certainly expect a new easing of monetary policy by the Bank of Japan, which will meet as early as this week - Yen sales are also fueled by progress on…
Giorgio Tino, formerly Secretary General of the Ministry of Finance, is the new President of the electronic money institution authorized by the Bank of Italy.
Only yesterday, on Wall Street, the euro was worth 1,2444 dollars - The encouraging results of the Eurogroup in terms of spreads and banks still affect the exchange rate.
Only a year ago the exchange rate of the Chinese currency against the euro was 9,38 - Now it has dropped to an all-time low of 7,85: the appreciation of the yuan in 12 months is 16%, but this is only the nominal one - Data…
The bull run of the Chinese currency is, at least for this year, over - But Western governments have won: a massive revaluation of the yuan and a change in the growth model towards expanding domestic demand are underway.
Thailand and gold shine at the top of the rankings - 3 funds from the Asian country on the podium with performances exceeding 70% - Bank bonds sink the worst fund - Managers of developed markets are in shape - In the stock market, it falls…
Philip Hildebrand resigned today "with immediate effect" after the financial scandal that engulfed him in recent days - The banker and his wife, a former trader, allegedly speculated on international currencies shortly before he decided to fix…
Growth in the secondary sector slowed down to 12,4% in November compared to the same month in 2010. Retail sales, on the other hand, continued to record sustained growth (17,3%). Surprisingly the consumer price index slows down to 4,2%
The Chinese Central Bank has increased the value of the yuan to a level not seen since July 2005 - However this morning the Chinese currency has again reached its lowest level against the US dollar allowed…
It all starts from the blog of Pan Shiyi, Chinese real estate magnate, who to commemorate Jobs suggested that Apple put the iPhone up for sale at the symbolic price of 1000 renmimbi (113 euros). Since then 1000 renmimbi has become 1 Pan
The low value of the Chinese currency is bringing US companies to their knees: this is why the Senate has approved a law that provides for a tightening of customs duties, in order to make Asian products less competitive on the domestic market.…
Perng Fai-nan endorsed the stability of the Asian country's currency, adding, regarding the US Senate's proposal to increase the Chinese yuan: "A trade war between China and the US would not only damage these two countries, but also the…
It's called CDD, from the initials of the community of 38 people on the western outskirts of Rio. The goal is to stimulate the local economy and promote the sustainable development of the area, offering 5-10% discounts if payment is made with the new banknotes.…
