When the Swiss franc hit a historic high of buying .70 euros in May 2010, people lined up at a Geneva exchange office to get rid of their euros. This week, one Swiss franc bought .90 euros.
Fabrice Coffrini/AFP/Getty Images
August 3, 2011 The currency of Switzerland has soared to record highs against the U.S. dollar and the euro. Investors have rushed to buy Swiss francs, seeing them as a safe haven. And that has the Swiss government worried, as a stronger franc also makes exports more expensive.
When Canada switched to dollar coins, or "loonies," its simply took the country's dollar notes out of circulation. The GAO says the U.S. needs a similar plan.
March 4, 2011 Replacing the U.S. $1 note with a coin could save the government around $5.5 billion over 30 years, according to a new report. The GAO says Canada and Britain figured out how to encourage people to use coins instead of paper money: take the paper money away.
June 21, 2010 China's currency move cheered world financial markets but doubts remained about how far officials there would allow their currency to strengthen.
June 21, 2010 How the heck does one clearly write or talk about Chinese currency? Is it about renminbis, or yuan? After some research, this blogger is still quite confused.
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