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Mark Twain, arguably Bermuda’s first and most celebrated repeat visitor, didn’t overstate matters at all when he remarked that lack of money is actually the root of all evil. Twain’s wry assessment is borne out by the direct and indirect effects of t...

Dear Sir, I just want to write to say I read many of Martha Myron’s articles in the Money section. I thoroughly enjoy reading every one of them! I must admit some are a bit beyond my comprehension, as maths and numbers aren’t my strongest suit; howev...

An almost 400-year-old Bermuda coin fetched more than $70,000 at auction recently. The coin, a rare Sommer Islands sixpence popularly known as “hogge money”, was one of a collection of coins sold at auction in New York on October 28. The event, prese...

Dear Sir, I have a persisting question: If, when paying for a purchase, the customer puts the money on the counter instead of in the cashier’s hand, is it OK for the cashier to put the change on the counter instead of in the customer’s hand? Sincerel...

With gross national debt at $2.185 billion and facing another year with a budget deficit, the Bermuda Government is to execute a $200 million loan facility agreement with Butterfield Bank. Bob Richards, the Minister of Finance, made the announcement ...

There was evidence of a Bermuda economy still in flux from the economic recession this week, as confirmation came that the Bermuda money supply this Cup Match holiday was at a seven-year low. The news came during Bermuda tourism’s high season, and at...

Bermuda’s biggest bank has admitted it quizzes customers who take out large amounts of cash on what they want it for. HSBC said it routinely asks questions of people before it hands over their money to cut down on the risk of money-laundering or frau...

The United States Federal Reserve began circulating a new $100 bill yesterday. The redesigned bill was supposed to be released in 2011 but was delayed due to a printing error that cost the US Bureau of Engraving and Printing $3.8 million. Woven into ...

Attorney General and Minister of Legal Affairs Mark Pettingill has issued a new advisory on the risks in a number of countries from poor systems and controls to combat money laundering and terrorist financing. Among the countries were Antigua and Ba...

This year marks the last for Bermuda’s old-style horizontal-print bank notes, which cease to be legal tender come January 1, 2014. Starting June 30, the vertical note series introduced in 2009 is to replace the “legacy” notes of $2, $5, $10, $20, $50...