Currency

The Currency channel explains all you ever wanted to know about dollars and cents. Check out these articles for in-depth information on what happens to money in the economy (or in your washing machine.)

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CryptoKitties: The Future Is Meow

Why would anyone pay more than $100,000 for a cat that only exists in pixels? And what can these virtual kitties teach us about blockchain technology?

Cryptocurrencies: The Creation of AI, Aliens or Even the Antichrist?

Cryptocurrencies are likely here to stay. But who's really behind their creation and should we trust this new form of digital cash?

Bitcoin: High-tech Currency or Black-market Money?

Cryptocurrencies have been in the news a lot lately. How much do you know about the legitimacy of these 'invisible' currencies?

About Face: The U.S. Currency Portrait Quiz

Most bank notes and coins made in the U.S. feature famous people from American history. But we often use these bills without registering whose faces are actually on the notes. Can you guess without opening your wallet?

You Can't Buy Anything for a Penny Anymore, Not Even a Penny

Even items with the word 'penny' in their name, like penny candy, cost more than a cent. What does a penny buy in America these days?

When Bitcoins Vanish, Can You Get Them Back?

Whether your account has been hacked or you've lost your private key code, do you have any recourse for recovering your lost bitcoin?

Bitcoin Futures Trading Isn't Blowing Up — Yet

Bitcoin had a banner 2017, trading at up to around $20,000 per unit. So, hopes were high for its debut on the futures market in December. How is this cryptocurrency faring in the real world of financial regulation?

Beyond Bitcoin: What’s the Next Big Cryptocurrency?

Bitcoin's price of more than $10,000 a coin has gotten everyone excited, but some financial experts are putting their money on another cryptocurrency.

The Two Basic Steps to Put Your Own Face on U.S. Money

An 1864 law bars living people from appearing on U.S. currency. What do you have to do to get your grill on a bill?

Harriet Tubman to Replace Andrew Jackson on the $20 Bill

It's adios, Old Hickory, as the freedom fighter replaces the slave-owning president. The U.S. Treasury also says Hamilton will remain on the $10 bill.

U.S. Coins Display No Numerical Values — Not Even the Government Knows Why

Why aren't there numbers on American coins? The words "dime," "penny" and "nickel" sure don't convey anything obvious. Is the U.S. just being inhospitable to guests?

How much money do people accidentally throw away every year?

No one knows the exact amount of money lost or thrown out, but it's a lot more than you might imagine. One man made more than $20,000 picking up loose change every day for 10 years.

How Bitcoin Works

Unlike dollars, pounds or yen, Bitcoin isn't backed by any government. It's a completely decentralized form of money. Is the world ready for virtual currency?

Why would the U.S. mint a trillion-dollar coin?

The idea of minting a trillion-dollar coin to pay the U.S. national debt seemed intriguing, if far-fetched. Though it was nixed by the Fed and the Treasury, could it have worked – and why?

What would a moneyless world look like?

For the people of Anuta, money is an afterthought, not a reason for being. How does a gift economy work, and can generosity and gratitude alone really keep a community going?

How much actual money is there in the world?

The Federal Reserve is responsible for tracking all of the money in circulation and on deposit in the United States. That's a formidable job for just one country, so how does one count all of the money in the world?

Why are the penny and the nickel the only U.S. coins with images that don't face left?

Learn why Lincoln and Jefferson don't face left like all the other presidents on U.S. coins.

Can I really trade my dollars in for gold bullion?

You can trade your dollars in for gold bullion from Fort Knox whenever you want -- right? Maybe not.

How Exchange Rates Work

What exactly is the cost of money? What are the fundamentals of exchanging dollars for other currency? We'll explore these questions, plus give tips for money-changing travelers.

How the New $20 Bill Works

With the introduction of the new $20 bill, the U.S. Treasury has introduced a whole new element to the dollar: color. Learn about the new look of the currency and about the benefits of the new features.

How Currency Works

What is currency, exactly? We all know currency is a piece of paper or metal you can trade for stuff you need or want, but who decides what your money is worth? And why does its value fluctuate?

How the Euro Works

Believe it or not, the Euro was the idea of Winston Churchill in 1946, when he suggested the creation of the "United States of Europe."

Why do some U.S. bills have a star instead of a letter at the end of the serial number?

Some dollar bill serial numbers have a star at the end of the serial number. What does it mean?

What do the symbols on the U.S. $1 bill mean?

On the back side of the United States $1 bill is a picture of a pyramid with an eye on top along with a Latin verse. Find out the significance of the picture and the meaning of this Latin verse.

Why doesn't paper money disintegrate when it gets washed in the washing machine?

Why doesn't washing paper money cause it to disintegrate? Learn how paper bills are made to withstand excessive use (or misuse!).


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