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Vietnam dong, gold and interbank rates – August 15

Here’s a snapshot of Vietnamese dong exchange rates in the official and unofficial markets, indicative SJC gold prices in Hanoi and interbank offered rates at 0503 GMT. August 15 USD/VND mid-point 22,444 USD/VND interbank 22,727/22,727.5 USD/VND unofficial 22,720/22,735 SJC gold (mln dong/tael) 36.20/36.42 Interbank offered rates Overnight 0.4-0.8 1 week 0.7-0.9 1 month 1.5-1.8 3 […]

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The U.S. Dollar Hasn’t Been Linked to Gold for 45 Years. Here’s Why

Nixon ended the system that linked the value of the dollar to the treasury’s stock of gold It was 45 years ago, on Aug. 15, 1971, when President Richard Nixon announced that the decades-old monetary system that had controlled the U.S. dollar—and thus the world’s currency values—for […]

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China Yuan Joining IMF Currency Basket?

China’s yuan moved closer to joining other top global currencies in the International Monetary Fund’s benchmark foreign exchange basket on Friday after Fund staff and IMF chief Christine Lagarde gave the move the thumbs up. The recommendation paves the way for the Fund’s executive board, which has […]

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Treasury Coin Notes

treasury coin note $20 image

Treasury Coin Notes 1890 – 1899, With the growth of the silver mining industry, the Treasury Coin Act of 1890 required the Treasury Department to increase its purchase of silver bullions from individuals, and to pay for it with the new notes. This note is sometimes referred […]

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Silver Certificate Notes

Silver Certificate $5 Note image

Silver Certificate Notes 1878 – 1965, These notes were first issued in exchange for Silver Dollars and as a response to the “Free Silver Forces”. These early issues were called “Certificates of Deposit” because the Government had to place silver deposits with the Treasury Department. The most […]

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United States Notes

United States $500 Note image

United States Notes 1862-1971 Replaced the less than popular Demand Notes and were reimbursements for the banks for their advance of $100,000,000 leading to the Civil War. First issued as a fiat currency by the US Treasury Department. Very distinctive with the new Red Seal and red […]

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