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Currency: More Than Bills and Coins

Friday, September 16, 2016 10:40:00 AM America/Denver

Cowry shells laid out neatly on white background

Money is a dominant factor in most of our lives. It’s the number one cause of divorce and the biggest motivator for field of study in U.S. colleges. Money as we know it today has undergone a lot of changes throughout time. Today, we’re taking a closer look at this mysterious force that has so much impact on our lives.

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Posted By Treasury Vault

History of the Gold Standard

Thursday, September 1, 2016 9:55:00 AM America/Denver

Closeup of gold coins

Gold is one of the oldest and most consistently used forms of currency that we have. It was used in jewelry, which was gifted and traded, by the Egyptians since 3000 BC, contributing to Egypt’s invasion and colonization of gold-rich Nubia. Square tablets of gold were used as currency in China as early as 1091 BC, but it wasn’t until 560 BC that all-gold coins were produced and put into circulation.

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Posted By Treasury Vault

Brexit: A Positive for the Global Economy?

Monday, August 22, 2016 4:56:11 PM America/Denver

concept image of britain affecting world economyThis month on the blog we are taking an in-depth look at Brexit and the effects that UK withdrawal may have on the global economy. Here is a look at one perspective on how Brexit could actually be a positive for the global economy.

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Posted By Treasury Vault

Brexit: How Will It Affect U.S. Trade?

Monday, August 15, 2016 4:50:17 PM America/Denver

british and american flags next to each otherThis month on the blog we are taking an in-depth look at Brexit and the effects that UK withdrawal may have on the global economy. Now, here is a look at the impact that Brexit could have on US trade specifically.

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Posted By Treasury Vault

Brexit: How Will It Affect the UK’s Economy?

Monday, August 8, 2016 4:46:58 PM America/Denver

britain eu flags brexit concept imageThis month on the blog we are taking an in-depth look at Brexit and the effects that UK withdrawal may have on the global economy. Now, here is a look at the impact that Brexit is predicted to have on the UK’s economy.

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Posted By Treasury Vault

Brexit: What Is Article 50?

Monday, August 1, 2016 4:40:00 PM America/Denver

brexit britain and eu flag splitThis month on the blog we are going to be exploring Brexit and its effect on the worldwide economy. And in order to best approach understanding Brexit, it is important to know about Article 50.

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Posted By Treasury Vault

The Design of the Iraqi Dinar

Friday, July 22, 2016 3:23:00 PM America/Denver

Iraqi dinar under a magnifying glass

Did you know that in Japan, banknotes are printed with the images of famous scientists and writers? The recent debate in the United States regarding a woman on a major bill made everyone take a good look at what currency means to a country. That’s why taking a closer look at the art and design on the Iraqi dinar can give us valuable insight into the history, values, ideals, and culture of the country.

The History of the Iraqi Dinar

The Iraqi dinar was introduced in 1932 to replace the Indian Rupee, in circulation in Iraq ever since the British occupation after WWI. Before the Gulf War, dinars were printed in Switzerland, using high-quality printing methods. However, in 1991, UN sanctions prevented these Swiss-printed dinars, and Iraqi currency was instead printed locally, or in China, using inferior methods and quality. Notes printed between 1991 and 2003 are full of inconsistencies, and printed on wood pulp paper (instead of linen or cotton like most modern notes). This era saw a lot of forgery, sometimes of a better quality than the officially printed notes. The previously printed notes became known as Swiss dinar, and though they were disendorsed by the government, they held their value better than official dinars, and remained in high circulation in the Kurdish region of the country.

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Posted By Treasury Vault

Vietnam's Demographics Give Us a Glimpse into its Future

Friday, July 22, 2016 3:17:00 PM America/Denver

Three Vietnamese business people gathered together around a laptop discussing plans

One of the most significant things that we learned from President Obama’s recent visit to Vietnam (May 2016) is the tone and outlook of the country’s population, which gives us valuable insight into the future of the country.

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Posted By Treasury Vault

Vietnam's Place in the World Market

Friday, July 8, 2016 3:04:00 PM America/Denver

Cheerful girl in green tea fields in Vietnam

Vietnam’s economic pillars are exports and tourism, although it also sees a lot of support from foreign investment in its stock market, as many international investors are cluing into its steady growth as it transitions from a communist nation into a posterchild for the free market.

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Posted By Treasury Vault

Vietnam's Transition to a Market Economy

Friday, July 1, 2016 2:41:00 PM America/Denver

Close up view of 2,000 Vietnamese dong currency

With President Obama’s visit to Vietnam in May of 2016, we thought it would be a good time to focus on Vietnam and how it’s doing. For the beginners out there (and some of us old hats, too) here’s a brief overview of the history of economic reform in Vietnam, and its transition to a “Socialist-oriented market economy”

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Posted By Treasury Vault

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