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.

Countries have taken substantial steps to help local firms mitigate their exposure to currency risk by issuing debt denominated in their domestic currencies and by promoting local currency bond ...

Fiat money is currency backed by the government that issued it and isn't tied to a commodity such as gold. Fiat money issuers can have a lot of influence on the economy by controlling the supply of ...

Currency devaluation refers to the deliberate reduction in the value of a country's currency relative to other currencies. This economic policy is often used by governments to address trade imbalances ...

As discussed in the Introduction, the United States is alone in issuing paper currency bills in which all denominations are of identical size and color. The numbers on the corners of the bills are ...