currencies

In the Roman Empire, a number of cities - including those in my native Bulgaria, had their own mint. Before the Liberation from Turkish domination, Bulgarian cities such as Panagyurishte also minted their own coins. Since, due to the progress of technology, the distances have shortened...

In the 1960s, the US dollar, which has been the global “reserve currency” under the Bretton Woods system inaugurated at Bretton Woods, New Hampshire in 1944, became overvalued due to excessive spending on the Vietnam War and the Great Society, plus chronis US balance-of-trade deficits. The...