East African Officials in Europe to Learn from Euro’s Successes and Failures

Representatives from the East African Community are in Brussels to learn from the successes and failures of the attempts at political and economic integration in Europe.

Euro Troubles Continue

Despite the EU summit deal the euro has been falling further against other major currencies as fears continue over the eurozone’s future.

Making Money by Making Money

Billions of dollars, euros and yen zap around the globe electronically in milliseconds these days. That’s the way that modern economies work. But there’s still a need for cold, hard cash.

Obama to China: ‘Enough’s Enough’

President Barack Obama has said that China is not doing enough to allow its currency to rise in value. Speaking at the Asia Pacific Economic Cooperation summit in Hawaii, President Obama said China needed to follow the same rules as other nations.

Proposed US Bill Targets China for Keeping Currency Low

The bill called the Currency Exchange Rate Oversight Reform Act is proposed to punish China for undervaluing its currency.

US-China summit

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Chinese President Hu Jintao has acknowledged that “a lot still needs to be done” in China over human rights. Mr Hu was speaking at a rare joint news conference with President Barack Obama on the first full day of his state visit to the US. Mr Obama said he saw China’s “peaceful rise” as good for the United States. The World’s Mary Kay Magistad has more. Download MP3
In pictures: Chinese President Hu Jintao visit

Trading with China

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Chinese President Hu Jintao is beginning a state visit to the US today. One thing Hu and President Obama are likely to talk about is getting the Chinese to buy more American goods. The World’s Mary Kay Magistad looks at why China wants to increase domestic consumption, and why that’s a challenge. Download MP3
Mary Kay’s award winning series ‘Created in China’

The currency wars

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The US is mad at China for the artificially low value of its currency. China is mad at the US for the Federal Reserve’s decision to flood the US market with dollars. On the eve of the G20 summit in Seoul, Simon Johnson, professor at the Sloan School of Management, Massachusetts Institute of Technology and the former chief for the International Monetary Fund, explains the issue. Download MP3 (Photo courtesy: BBC)
BBC Link : More on currency wars

North Korea’s failing currency

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The North Korean government recently knocked two zeros off its currency, the won. And it ordered citizens to turn in their old cash savings. The move caused panic and riots, now the North Korean government has apparently fired the official who led the currency revaluation program. Katy Clark talks with Marcus Noland who is an expert on North Korea’s economy at the Peterson Institute for International Economics. Download MP3

• BBC coverage
• Peterson Institute for International Economics

Geo answer for June 16, 2009

The answer to today’s Geo Quiz is Australia, home to the new unofficial currency…. the Baroon Dollar. The World’s Alex Gallafent has more. Listen