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Auction bids are topping $57,000 for a rare $20 banknote with Del Monte sticker on it

(CNN) How can a $20 bill be worth over $57,000? Because of a printing mishap. The “Del Monte note,” a rare $20 banknote with a banana sticker on it, is currently for sale through Heritage Auctions, a Dallas-based auction house. Currency collectors are paying close attention and breaking previous bidding records with their offers, according […]

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Digital Currencies May ‘Erode’ Dollar’s Role in Global Finance: Report

[Decrypt] A new report from Deutsche Bank says countries need to be ready for the disruption central bank digital currencies may cause. Central bank digital currencies (CBDCs) are likely to transform the way we live, and consumers and financial institutions need to be ready, Deutsche Bank has said.  CBDCs could have a particularly heavy effect […]

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Digital Dollar To Be ‘In Competition’ With Bitcoin

[Forbes, Getty Images] Digital dollars and central bank digital currencies are fast becoming a reality, with China this month reportedly expanding a pilot program for its digital yuan. While the U.S. has barely even begun thinking about a digital dollar, its potential implications have generated extensive debate, with a former governor of the Reserve Bank of India, Raghuram Rajan, saying […]

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The Dollar Is Dropping. What It Means and Which Stocks Might Gain.

[Barrons, Bloomberg] The dollar has been weakening in recent months and currency strategists see more declines ahead. That could call for a different playbook for investors, including more foreign holdings. In a note to clients on Monday, Goldman Sachs ’s currency strategists forecast a 5% weaker dollar in trade-weighted terms during the next year. The U.S. Dollar Inde […]

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Goldman Warns the Dollar’s Grip on Global Markets Might Be Over

[Bloomberg] Recommends investors keep buying gold, boosting forecastsU.S. policy is triggering greenback ‘debasement fears’Goldman Sachs Group Inc. put a spotlight on the suddenly growing concern over inflation in the U.S. by issuing a bold warning Tuesday that the dollar is in danger of losing its status as the world’s reserve currency. With Congress closing in […]

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U.S. Moves Closer To Digital Dollar

[Forbes, Getty Images] On June 30th, 2020, the Senate Banking Committee held a hearing on the future of the digital dollar. The pressures to create a digital USD are mounting as China recently began testing its own digital currency – the DCEP, which will be included in popular applications like WeChat and AliPay. Of particular concern is […]

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A Crash in the Dollar Is Coming

[Bloomberg, Getty Images] The world is having serious doubts about the once widely accepted presumption of American exceptionalism. The era of the U.S. dollar’s “exorbitant privilege” as the world’s primary reserve currency is coming to an end. Then French Finance Minister Valery Giscard d’Estaing coined that phrase in the 1960s largely out of frustration, bemoaning a […]

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Dollar up, set for 0.5% weekly gain on fear of nagging economic slump

[CNBC, GETTY IMAGES] The U.S. dollar was rose on Friday and was set for a small weekly gain as the threat of a second wave of coronavirus infections rattled investors as did a slew of bleak U.S. economic data. Safe-haven assets including the U.S. dollar index were bid on Friday morning after U.S. retail sales […]

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