We can't help but think that Germans are deeply lamenting not having deutsche marks to hold dear in the midst of an economic crisis. The irony that Germany created a currency out of the ashes of ...

Peter Keup can still remember how it felt to hold deutsche marks in his hand. “It was special to even touch this money,” he recalls. “It felt solid. The East German mark was thinner, flimsier.” As a ...

The euro is the official currency of the eurozone. It is used by the institutions of the European Union and by 19 of its 28 members. Globally, it is the second-most traded money and reserve currency, ...

Watch this," says Karl Otto Pohl. "It just came in from London." In a small conference room overlooking the glittering Frankfurt skyline, Europe's most influential banker settles into a leather chair.

At its birth in 1948, the West German Deutsche mark scarcely seemed to be a currency that could produce a miracle. Most of the country’s war-wrecked industry still lay in ruins; the economy was torn ...

Two months ago, some in Tokyo joked that we no longer carry yen in our wallets, but Japanese “pesos” or “rupiah.” Now, with the yen up more than 12% since mid-July—and perhaps headed for even bigger ...

Excerpt from Paper Money by "Adam Smith," (George J.W. Goodman), pp. 57-62. Before World War I Germany was a prosperous country, with a gold-backed currency, expanding industry, and world leadership ...