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Articles on Currency

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Where did money come from?

The theory that money emerged naturally encourages people to believe free markets are natural systems in which governments only interfere. But this thinking is flawed.
A halfpenny token issued by the Parys Mining Company of Anglesey in 1788. The hooded druid design was used for many years and was the first of hundreds of token designs. BrandonBigheart/Wikimedia

Welsh mining towns had alternative currencies 200 years ago – here’s what the crypto world could learn from them

A Welsh mining company was the first to issue tokens to workers as an alternative form of payment.
China and the U.S. compete to be the world’s largest economy, but the dollar dominates the yuan as a currency. peng song/Moment Collection/Getty Images

War in Ukraine might give the Chinese yuan the boost it needs to become a major global currency – and be a serious contender against the US dollar

Despite China’s economic power, the yuan lags as a major global currency. Here’s why current US interest rates and sanctions on Russia may change that.

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