In addition, with modern technologies and the emphasis on information as a method of currency, people can work in information and knowledge jobs much longer than they could in factory or other manual labor jobs, and can do so from their homes.
The single European currency, the cost of information technology and more demanding customers all mean that the co-op banks must compete harder.
The Bank of Thailand releases information about foreign-currency reserves, but it has not revealed how much of those have been committed to purchase baht in the future.
An application developed by Glenn Sinclair, a Splunk user in the UK, translates FIX messages so business users can draw information such as the volume of currency trades by pairs.
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"Information is the world's new currency, and high-profile data leaks have become much more of a driver of IT spending, " he says.
At the so-called Green Line dividing Cyprus from Turkish-administered Northern Cyprus, customs officials said they weren't searching people walking across the border unless they had information they were carrying large sums of currency.
To get a better handle on how many U.S. dollars are outside of the U.S., the U.S. Customs Service tracks information on cross-border flows through its Currency and Monetary Instrument Reports (CMIR).
Pooled information, often in the form of personal opinions and reviews, is a freely traded currency, a form of entertainment in itself.
In other market information systems, a user would have to pull the numbers into Excel and make the currency conversions manually, he said.
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When users give up their names to the Web site--the coveted currency of any e-merchant--Vignette's tools automatically toss all kinds of customized information in front of them to keep them engaged and buying.
"They can buy, sell, share or put a call virtually to any stock, bond or currency in the world, they can do it from their basement, and they can do it with information that in the past brokers would only give to their clients for a charge, " says Thomas L Friedman, of the New York Times, author of a book on globalisation.
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