Venezuelas currency has lost so much value that people simply throw away their small bills -- they are virtually worthless anyway. Enter Wilmer Rojas, 25, who scoops them up off the street, uses an ...

“Monopoly money” is a term for useless paper notes. Inflation was so bad in 1930s Weimar Germany, it took literal wheelbarrows of cash to buy groceries. In Robert Mugabe’s Zimbabwe, inflation at one ...

Despite still showing no signs of ever paying off, the Iraqi dinar scam not only lives on, but appears to have found a new home where the worthless currency can easily be bought and sold without ...

With investors eager to get in early on new cryptocurrency projects, some unscrupulous developers have attracted investments, then walked away before building what they promised — leaving their ...

HARARE (Reuters) - On online auction site eBay, a 100 trillion Zimbabwean dollar note is a collector's item fetching up to $35, a small fortune compared with the 40 U.S. cents on offer from the ...

In a move not entirely unexpected, the Zimbabwean government and the Central Bank of Zimbabwe decided over the Easter weekend to throw their own worthless currency out of the window, replacing it wit ...

When I was growing up, my late grandmother Dora (White) Marples had another elderly friend named Margie who was fond of using the word “Pshaw” to express dismay, disdain or impatience. In that day and ...

Hyperinflation describes an unsustainable period of economic dysfunction characterized by price increases of at least 50% per month. These times of rapid, intense and destructive currency devaluation ...

Freeing America from the “Tyranny of the Penny” is the Times’s new monetary crusade. The penny “may seem like a harmless coin,” it avers, yet “few things symbolize our national dysfunction more than ...

Cuba has announced that it's going to eliminate its two-currency system, which was meant to protect the Caribbean island's communist system. The government says the unification of the currency would ...