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Wednesday 1 February 2023 Dublin: 9°C

# Currency

Last year
2022
# Kwasi Kwarteng
UK Government to push on with tax cuts as pound hits all-time low against dollar
Neither Chancellor Kwasi Kwarteng nor Liz Truss are currently expected to publicly address the major market shift.
# Run for their money
Euro hits new 20-year low, fighting to stay above US dollar
Weak economic data have raised further fears of recession.
All time
# Brexit
Sterling value plummets following decision by Boris Johnson to seek suspension of UK parliament
The currency’s value fell by almost 1% this morning.
# currency war
'This is a major violation': US officially labels China a 'currency manipulator'
President Donald Trump accused China of deliberately and improperly weakening its currency.
# Currency
Why has the pound slumped and what has Boris Johnson got to do with it?
Talk of a no-deal Brexit has ramped up since Boris Johnson took over as prime minister.
# Stocks
Pound falls sharply after string of British MPs resign amid Brexit chaos
The UK currency was pummelled as a number of ministers quit earlier today.
# Show Me The Money
Central Bank expected to cease the printing of banknotes in Ireland
Siptu said the recommendation to close the print works in Sandyford is “strategically flawed”.
# Cash
Irish people warned they are being 'ripped off' by ATMs in foreign countries
People are advised not to withdraw money in their own currency rate as it is more expensive.
# cryptocurrency
Volatile Bitcoin surpasses $11,000, before plummeting to $9,000 (and then rising again)
The CEO of JPMorgan Chase has called bitcoin a “fraud”.
# up and up
Online currency Bitcoin surges past the $10,000 mark for the first time
The unprecedented surge has worried analysts that the growth is a bubble.
Voices
Bitcoin's future: 'Remember many people saw the early internet as a toy that would never take off'
Some of the most talented software developers in the world are working on Bitcoin, writes John Gleeson.
# dizzy drop
Venezuela's currency is crumbling as unrest rages in the country
On Thursday alone, it slumped nearly 15%.
# over to eu
'If Le Pen wins, you'll be buying bread with francs this time next year'
The deputy head of the Front National party made the claim on radio today.
# Policy
Brexit Day – here's what Irish businesses need to know
Companies here will be hoping that there is minimal disruption.
# all out war
Professional man flees country in fear of Kinahan gang
The man was told by gardai he was a target – and then reported being shot at near his home.
# Stability
Here's how Trump's victory affected the dollar
One market analyst described it as “a bloodbath”.
# Countdown
Pound sterling drops to 3 year low as March deadline set on Brexit
Theresa May announced that Britain will trigger Brexit negotiations by the end of March
# jailhouse wok
Ramen noodles are replacing cigarettes as currency among prisoners in US jails
A study suggests noodles are “the most valuable US prison commodity.”
# Currency Clash
Brexit speculation is sending the pound's value up and down
The exchange rate is all over the place.
# outed
An Australian inventor has revealed himself as the creator of Bitcoin
But Craig Wright says he doesn’t want fame or fortune – he just wants to be left alone.
# Currency
Have any unwanted Lego? Here's how it can pay for sick children to be cared for
The Jack & Jill Children’s Foundation plan on selling the Lego to fund care for children with severe to profound disabilities.
# cash in the attic
We've found 73 MILLION old £20 notes behind the couch since the euro arrived
€4.1 billion in punts, overall. That’s a hell of a lot of Communion money.
Voices
What happens to currencies when they die?
We pursue it, discuss it, count it and obsess over it… but do we ever really think about what ‘money’ is?
Voices
Greece has offered Europe an opportunity to redress a fundamental flaw
It is in all our interests to bind up the economic and political wounds of the past seven years.
# eurosaver
Interactive map: The price of a Big Mac all around the world
Attention fast food enthusiasts…
Voices
The End (of the Euro) is Nigh
With Greece now just over a fortnight away from default, this could very well spell the beginning of the end for the Euro as we know it.
# absolute bargain
Zimbabwe is now exchanging 40 US cents for $100,000,000,000,000
“I used it as garden manure. Why would I have kept that dirt?”
# Prime Numbers
How many people want to bring Jeremy Clarkson back? It's the week in numbers
Plus: How many hours were drugs legal for in Ireland this week?
# strange currency
So, the face on the new €20 note looks... familiar
Hello old friend!
# in decline
The money in your pocket is at its lowest value for ten years
How low can it go?
# quantitative healing
It's not the best time to order stuff from America...
Something big happened today…
# new money
You'll be seeing this new euro coin in your purse very soon...
The national coat of arms has appeared on Lithuanian currency since the 14th century.
# sign me up
Another country is switching over to the euro currency tomorrow...
132 million individual banknotes have been brought in and euro coins have been minted.
# free fall
No sympathy from central bank as Russians told to 'get used to it'
The Russian rouble lost 20% in value today, suffering its steepest drop in 16 years.
# Islamic dinar
Gold, silver and copper: Islamic State group to begin minting its own currency
Abu Bakr al-Baghdadi says Western economies have “enslaved Muslims”.
# Crime
Man charged after ecstasy, cocaine and €300,000 in cash found in garda raid
The 55-year-old was arrested in Kinsealy yesterday.
# taxable
US revenue service decides to treat Bitcoin as property, not currency
Under the new rules, US bitcoin owners will have to pay taxes on the income they gain as bitcoin increases in value.
# back of the sofa
Imagine finding €87mn 'in an old wallet'. Bitcoin exchange MtGox did just that
The Tokyo-based digital currency had previously lost 850,000 coins worth nearly €368 million.
Voices
Column: The two sides of bitcoin – is this virtual currency a boon or a threat?
Despite being the darling of the tech frontier, surely we can now see that the red flags being waved around this “currency” are far from virtual, writes Peter Casey.
# bit by bit
So what's the next step for Bitcoin?
After what was an eventful year for Bitcoin, what needs to happen before it’s accepted as a legitimate currency?