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The British pound has been used as England’s central currency for over a thousand years. Read about its evolution from a coin literally weighing one pound to the banknotes common today. We also rank the next three oldest major currencies: the yen, ruble and dollar.
<p>Military analysts often draw a distinction between “hot” wars, which involve armed military conflict between nations, and “cold” wars, where enemy factions use economic and political means to jockey for an upper hand against their rivals. While we feel the term “currency war” is a bit overhyped by the media, the recent easing actions by the world’s most powerful central banks make the cold/hot currency war analogy too perfect to ignore. As the war heats up, we’re seeing how effective each central bank’s “weapons” (policies) are on the actual “battlefield” (the market).</p>
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