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| Irish people warned they are being 'ripped off' by ATMs in foreign countries Hayes has highlighted the lack of awareness of 'dynamic currency conversion' (DCC) – the practice of paying in one's own home currency – and said Irish people who do not know this is the more expensive option are losing out. "When people travel to a country which uses a different currency, the cash ...
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| Bank Of England Could Launch Its Own Cryptocurrency Within 12 Months It's thought that any new currency launched by the bank would be linked to the value of sterling, allowing people to keep their money with the central bank itself, and eliminating the need for a retail bank. Last year, the Bank of England unveiled a theoretical currency called RSCoin, which could be used ...
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| Why Do We Need So Many Monies? Or perhaps we need to centrally plan who needs to use what currency, discerning through the magic of econometrics what constitutes an optimal currency area. It's true that we have now competition between existing national monies that operate within a define government jurisdiction. What we do not ...
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