Jul 1st, 2011 at 9:00AM: According to an NPR story this week, the Federal Reserve is sitting on a billion dollars worth of the $1 Sacagawean and Presidential coins, and the program to replace dollar bills with the metal coins has largely been deemed a failure. The government spends millions annually to mint new coins in order to introduce all the US presidents, resulting in millions languishing in vaults a la "Scrooge ...Click on a label to read posts from that part of the world.
dollar posts
Americans still don't like dollar coins
Jul 1st, 2011 at 9:00AM: According to an NPR story this week, the Federal Reserve is sitting on a billion dollars worth of the $1 Sacagawean and Presidential coins, and the program to replace dollar bills with the metal coins has largely been deemed a failure. The government spends millions annually to mint new coins in order to introduce all the US presidents, resulting in millions languishing in vaults a la "Scrooge ...Bank of China offers expanded yuan service
Jan 12th, 2011 at 2:00PM: The Bank of China has begun offering its customers in New York City and Los Angeles services in yuan, Bloomberg reports. Services include deposit, exchange, remittance, and trade finance. Business customers may access these services in New York City and Los Angeles, while at the moment individual customers can only access these services at the New York City branch.
What does this mean for ...Don't pay in dollars - International travel tip
Mar 18th, 2010 at 4:47PM: Like it or not, the gold standard for international currency payment is now the Euro.
The United States Dollar is still being used, but it doesn't hold the prestige it once did. There was a time when you could purchase goods at a great discount if you paid with hundred dollar bills. However, nowadays, merchants will increase their base price and round up figures to give you can even dollar ...Will the Toyota recall affect your next car rental?
Jan 29th, 2010 at 5:00PM: Toyota's massive recall due to faulty accelerator pedals is trickling down into car-rental companies. How does the recall affect your next rental?
I checked in with some of the major players to see how they're handling the recall, now estimated at more than 9 million worldwide.
Avis Budget: About 20,000 cars have been grounded due to the recall. "Our fleet is 7 percent smaller today, but we ...Weekly Euro watch: we're still making ground
Nov 12th, 2008 at 1:30PM:
View the full EUR per USD chart at Wikinvest
I just can't help but feel giddy about all of the progress that the Dollar has been making against the Euro over the past month. Sure, this is the direct effect of a near worldwide financial meltdown, banks are failing left and right and Iceland was briefly for sale on Ebay. But the slim silver lining to the whole debacle is that we, as Americans, ...
And the dollar rallies!
Aug 16th, 2008 at 11:00AM:
If you've been in the EU or Japan any time in the last 18 months or so, you've probably walked away from a currency exchange or ATM scowling. With the American economy virtually in the dumpster, oil sky high and our trade deficit in the stratosphere (but coming down!), the value of the dollar has been plummeting like it's out of style. While few economists can agree on whether this recession ...Belize it or not: Top Surprizing Things About Belize
Jul 16th, 2008 at 10:30AM: Greetings from Belize.
Those of you who have been to Belize before might not find these surprising, but this is my first time here and they surprised me. Here is a brief laundry list:
The U.S. Dollar is widely accepted. With the Belize Dollar pegged at 2:1 to the U.S. Dollar, it's not surprising. Guess where you should be traveling when the U.S. Dollar is practically worthless? Where they ...The Israeli shekel: Giving the euro a run for its money
Jun 3rd, 2008 at 10:00AM: There's been a lot of talk about the poor dollar to euro exchange rate, but it might not be the European currency that travelers should be concerned about. In fact, in terms of economic gains against global currencies, it looks like the Israeli shekel is currently the world's strongest currency. Since the beginning of 2008, the shekel has made significant gains against most of the world's major ...Big in Japan: Why it sucks to have US dollars
Mar 24th, 2008 at 9:20AM: In case you haven't heard, it seems as if the United States is rapidly sliding into a recession...
Then again, if you believe all of the buzz in the headlines as of recent, it seems that the US government is doing everything possible to prevent this from happening.
Of course, while the recent surge in the stock markets and the remarkable buyout of Bear Stearns are certainly good signs that things ...Dollar: the not-so-universal travel currency
Feb 3rd, 2008 at 11:00AM: If the dollar continues its downward spiral this year, it may be necessary for people to switch from dollars to euros for their travel cash.
According to this NY Times article yesterday, many countries are no longer willing to take dollars instead of their currency as a way to get into museums, and pay for hotels and restaurants. While many countries in Latin America still happily accept the ...Horror of Horrors: US Dollar Now as Worthless as Canadian Dollar!
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Sep 21st, 2007 at 10:30AM: Well, I guess Americans such as myself can no longer make fun of our neighbors to the north. It wasn't so long ago that the almighty American dollar was so strong in Canada that I could wander across the border and with the loose change in my pocket buy a couple of Canadian manservants to clean my house and wash my laundry. This is not the case anymore. The US dollar, after hitting an all-time ...Traveling When the Dollar is Weak
Aug 21st, 2007 at 11:28AM: When the dollar's down, what's a traveler to do? Stay home? Welcome to the life of a Canadian for the past decade and a half. We've been avoiding the US for the past few years because it was just too darn expensive. But now we're about on par and I for one intend to take advantage of it. But with the weakened US dollar, there's bound to be less Americans at the Eiffel tower this year. As I know ...
