When it comes to the history of currencies, the Serbian dinar sticks out. Most currencies emerge as their country gains independence, and because of that, many countries have only had their central bank and independent currencies for less than a century. The Serbian dinar, however, has been around for centuries and has experienced quite a ride.Read More
Monday, February 23, 2015 8:20:00 AM America/Denver
Monday, February 16, 2015 12:46:04 PM America/Denver
When the time comes to retire, you’ll want to be well taken care of. The solution for this is, of course, to begin building your IRA account. Generally, an IRA account consists of deposited money and financial investments. Most people don’t realize that the IRS allows for precious metal IRAs, in which an investor places precious metal assets into a fund to be liquidated upon retirement. Though you may not want to use a precious metals IRA to fund your entire retirement, here are some of the benefits of doing so.Read More
Monday, February 9, 2015 12:35:30 PM America/Denver
If you’ve entered the coin collecting world, you’ve probably heard the term “proof coin” thrown around here and there. Many people have never even heard of proof coins, so when the term comes up, they have plenty of questions. We’ve tried to answer some of these questions for both seasoned coin collectors and newcomers alike.Read More
Monday, February 2, 2015 8:24:00 AM America/Denver
It’s a small world, but there are still a lot of countries on its face, many of which you may know nothing about. Tunisia is one of those countries. It has an interesting history, even though it is not widely known. You can come to learn a lot about the various continents and their occupants by understanding the history of their currency. A large part of Tunisia’s history has to do with the history of its currency, the Tunisian Dinar.Read More
Thursday, January 22, 2015 3:05:53 PM America/Denver
Currency around the world is fascinating, but that’s not all it is. It can make your rich in more ways than one. Using the Foreign Exchange Market, or forex, you can trade currencies for profit. However, it would be unwise to begin without first knowing the current most valuable currencies in the world today.Read More
Thursday, January 15, 2015 3:00:52 PM America/Denver
According to FBI crime statistics, 1 in 4 homes will be robbed in the next 5 years, which means the time to act is now. You need to do everything you can to prevent your most personal and prized possessions from leaving your house in a burglar’s hands.
Getting a safe or vault for your home is a great way to protect your most important valuables, but only if you choose the right one. Before you buy a safe, here are a few things you should consider.Read More
Thursday, January 8, 2015 2:54:10 PM America/Denver
The Iraqi dinar is one of the most interesting currencies in the foreign exchange market (forex). With it’s country in political turmoil, the Iraqi dinar becomes even more interesting, and it’s good to keep up to date with the latest news surrounding the currency. Here are a few things you might want to know about the current state of the dinar.Read More
Thursday, January 1, 2015 2:49:41 PM America/Denver
Despite political unrest, Iraq has had it’s ups and downs over the year of 2014 and here are some of the events that took place.Read More
Tuesday, December 23, 2014 4:09:39 PM America/Denver
The Libyan Dinar is the current form of currency in Libya. How it got to be that way stems from a rocky history. Libya spent most of its existence under rule by other empires. It survived two World Wars and four different empires before it finally claimed its independence from Italy in 1951 with the help of the United Nations. The new country officially became known as the United Kingdom of Libya.
Libya was very proud of its freedom after centuries of being ruled by other countries. The people of the country no longer wanted to be associated with Italy in any way and that meant getting rid of the lira as its official currency. As one of its first acts following Italian rule, Libya decided to create its own form of currency, and in 1951, the Libyan pound was introduced.Read More
Tuesday, December 16, 2014 4:01:22 PM America/Denver
Kuwait’s official currency was first introduced in the early part of its existence. The first coins were made during the reign of Kuwait’s fifth Amir, who ordered the use of an official currency in an attempt to state Kuwait’s independence. These coins were all made by hand with a hammer, so each coin looked a little bit different than the others. Each misshapen coin was equal to one paisa.
This coin was only on the market for a few months. It was withdrawn for a few different reasons. Kuwait was already using the Rupee of Queen and Empress Victoria and the Indian paisa, so the second, handmade series of coins caused confusion and problems in the economy. The Indian paisa currently owned the market, so the introduction of another coin did not stick, and Kuwait had no gold reserve to compete with the stability of the Indian paisa, which had ample amounts of gold to back it.Read More