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Japan backs dollar as reserve currency

Jul. 3, 2009
Major countries should support the dollar as the key international currency, although emerging nations may discuss a new global reserve currency on the sidelines of the G8 summit next week, a Japanese official said on Friday.
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China calls for new reserve currency

BEIJING, March 23 (UPI) -- China Monday called for the U.S. dollar to be replaced as the international reserve currency.

Zimbabwean dollar pronounced dead

HARARE, Zimbabwe, March 20 (UPI) -- Zimbabwean Finance Minister Tendai Biti told members of Parliament the country's currency was essentially dead.
Zimbabwe revalues its currency

Zimbabwe revalues its currency

HARARE, Zimbabwe, Feb. 2 (UPI) -- Zimbabwe revalued its currency Monday, removing 12 zeroes so 1 trillion in Zimbabwean dollars will be the equivalent of one new Zimbabwean dollar.

Bank of Korea arranges currency swap

SEOUL, Nov. 27 (UPI) -- The Bank of Korea said Thursday it would receive $4 billion through a U.S. Federal Reserve currency swap to shore up the won.

Euro sets record against U.S. dollar

FRANKFURT, Germany, Sept. 21 (UPI) -- The onrushing euro broke through $1.41 to a record high against the U.S. dollar Friday.

Putin wants ruble to enter global market

ST. PETERSBURG, Russia, June 10 (UPI) -- Russian President Vladimir Putin said Sunday his nation's currency, the ruble, should have a greater role in the world's economic trade system.

IMF urges China to re-evaluate currency

WASHINGTON, Sept. 30 (UPI) -- The International Monetary Fund is joining others in urging China to uncouple its currency from the U.S. dollar.

India's dollar kitty swells to $1.08B

BOMBAY, March 8 (UPI) -- India's foreign exchange reserve swelled by $685 million in the last week of February to reach $1.08 billion, the central bank announced.

Falling dollar sparks bankers' debate

LONDON, Jan. 6 (UPI) -- The slow-motion collapse of the U.S. dollar has sparked a global debate over the wisdom of letting the American currency continue setting lows.

Brazil currency drops on trade band talk

RIO DE JANEIRO, May 5 (UPI) -- Brazil's currency saw its largest one-day drop in nine months Monday, ending down 2.4 percent. Monday's drop came on news Argentina would push Brazilian officials to create a common currency trading band against the dollar.
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President Obama awards the Presidential Medal of Freedom in Washington
View Caption
President Barack Obama awards the the Presidential Medal of Freedom to singer/songwriter Bob Dylan during a ceremony in the East Room at the White House in Washington on May 29, 2012. The Medal of Freedom is our NationÕs highest civilian honor, presented to individuals who have made especially meritorious contributions to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors. UPI/Kevin Dietsch