The Currency Scene:
News, Events, and Stories about currency from around the world.

Return on net foreign assets (NFAs) has become a meaningful tool for correcting structural imbalances derived from trade, and to combat local and external income shocks, research published by the International Monetary Fund says.

In The Stabilizing Role of Net Foreign Asset Returns, Gustavo Adler and Daniel Garcia-Macia analyse the rapid expansion of foreign asset and liability positions in 52 economies between 1990 and 2015. These assets grew from 60% to 160% of global GDP over the period.

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The Logo Story

currensceneFLOGO WHTsquareThough not the oldest form of currency, some form of shell money appears to have been found on almost every continent. The shell most widely used worldwide as currency was the shell of Cypraea moneta, the money cowry.

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