Currency

Canada just recently announced plans to phase out the penny, and now it's looking to bring it back -- in digital form.

In his new book, "The End of Money," David Wolman explains why he advocates for the elimination of cash.

In his new budget released today, President Obama said he wants Congress to let the Treasury Department use cheaper materials to mint our coins.

Many fear that China's RMB is going to overtake the U.S. dollar as the world's most important currency. But some say the U.S. should encourage China to progress with the RMB internationalization.

After signing similar deals with China and Korea, this third move shows that Japan might be on its way back to prominence.

China and Japan announce plans to allow businesses to swap currency without dealing in U.S. dollars

An increase in extreme weather in 2011 has lead to one of the most expensive years for insurance claims. It's also turning out to be a record year for sheep rustlers on the lamb in the English countryside, where a record number of sheep have gone missing this year. Plus, China and Japan make a currency deal, Detroit girds for possible state takeover, and more top headlines from around the globe on this day after Christmas.

The U.S. dollar hits an 11 month high against the euro as questions remain about the ability to solve the debt crisis in Europe.

The euro has fallen to its weakest point against the dollar in almost a year. This helps American travelers to Europe -- but only if they can afford a vacation.