The Euro

On April 21, 2010, in History of Money, by admin

An economic and monetary union between the members of the European community was first attempted in the 1960s, but the euro wasn’t created until January 1, 1999. It was finally put into use in 2002, and it was slowly taking over the former national currencies. The European Economic Community needed a way to reduce the [...]

Money Transfer Scams

On April 16, 2010, in Miscellaneous, by admin

“You are lucky! You just won $1,000,000! To claim the prize, fill out the form below…” Sounds familiar? These days it’s hard to keep your money save. Money scams have been around for awhile, and there is barely a person yet, who hasn’t received fraudulent e-mails requesting him to give away his personal and bank [...]

Will Cash Cease to Exist ?

On April 15, 2010, in Future of Money, by admin

Recently I noticed I had more debit and credit cards in my wallet than real cash money, and it made me think about the future of cash—or the end of it. The convenience of using plastic rather than paper and coins is unquestionable. E-payments are processed faster. Unlimited amounts of money can be transferred in [...]