Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On July 14, 1969, the U.S. Treasury discontinued all U.S. currency greater than $100.

Countries have taken substantial steps to help local firms mitigate their exposure to currency risk by issuing debt denominated in their domestic currencies and by promoting local currency bond ...

Although the term “three dollar bill” is widely used to denote something phony, the U.S. government was actually thinking of producing one in 1862. It never did, but that year it started printing the ...

Fiat money is currency backed by the government that issued it and isn't tied to a commodity such as gold. Fiat money issuers can have a lot of influence on the economy by controlling the supply of ...