Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On July 14, 1969, the U.S. Treasury discontinued all U.S. currency greater than $100.
Your local convenience store may not accept bills larger than $20, but once upon a time you could have paid for your gum with a nice, fresh $10,000 bill. What's the story behind the large-denomination ...
James Chen, CMT is an expert trader, investment adviser, and global market strategist. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in ...
Under conditions of chronic exchange rate overshooting and mildly segmented capital markets, optimal currency denomination decision rules for international debt financing are derived for risk-neutral ...
In the banking world, some currency denominations are more popular than others. While most people are familiar with the common $1, $5, $10 and $20 bills, the humble $50 often goes overlooked. Find Out ...