Portal:Money

The Money Portal

Euro coins and banknotes

Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context. The primary functions which distinguish money are: medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment.

Money was historically an emergent market phenomenon that possessed intrinsic value as a commodity; nearly all contemporary money systems are based on unbacked fiat money without use value. Its value is consequently derived by social convention, having been declared by a government or regulatory entity to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private", in the case of the United States dollar.

The money supply of a country comprises all currency in circulation (banknotes and coins currently issued) and, depending on the definition used, one or more types of bank money (the balances held in checking accounts, savings accounts, and other types of bank accounts). Bank money, whose value exists on the books of financial institutions and can be converted into physical notes or used for cashless payment, forms by far the largest part of broad money in developed countries. (Full article...)

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Banknotes of the third Zimbabwean dollar, from $1 to $100 trillion

The banknotes of Zimbabwe are the physical forms of Zimbabwean currency, including the dollar ($ or Z$) and the ZiG. The Reserve Bank of Zimbabwe has issued most of the banknotes and other types of currency notes in its history, including bearer cheques and special agro-cheques ("agro" being short for agricultural) that circulated from September 2003 until December 2008, and bond notes from November 2016 until November 2019: Standard Chartered Zimbabwe also circulated their own emergency cheques from June 2003 to September 2004.

The first Zimbabwean banknotes were rolled out for the first dollar between July 1981 an April 1982, and replaced those of the Rhodesian dollar at par: banknotes (and later bearer cheques) of the first dollar circulated until August 2006, when they were replaced by bearer cheques of the second dollar due to high inflation (which escalated into hyperinflation in March 2007). Cheques (and later agro-cheques) of the second dollar were itself replaced by banknotes of the third dollar in August 2008, which were itself replaced by those of the fourth dollar in February 2009. The power-sharing government of Prime Minister Morgan Tsvangirai abandoned the Zimbabwean dollar in April 2009, and banknotes of the third and fourth dollars were demonetised in September 2015 after over 6 years of disuse. Zimbabwean banknotes were reintroduced in November 2016, initially in response to a shortage of hard currency. (Full article...)

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The silver center cent was an early attempt to reduce the size of the cent while maintaining its intrinsic value.

The Silver center cent is an American pattern coin produced by the United States Mint in 1792. As a precursor to the large cent it was one of the first coins of the United States and an early example of a bimetallic coin. Only 12 original examples are known to exist, of which one is located in the National Numismatic Collection at the Smithsonian Institution. Two more specimens (Morris and California) exist but contain fabricated plugs added after minting.

Due to their rarity and historical significance Silver center cents are highly prized by collectors with one graded PCGS MS61 being sold in an online auction in April 2012 for $1.15 million. (Full article...)

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... that a member of Active Bird Community made a solo EP with money intended for the band's fifth album?
... that the general manager of a Cleveland TV station believed its owner to be "just tired of losing money"?
... that the first volume of a yuri manga was criticized for not having enough yuri?
... that a group called the Wrinkled Wheels cycled from Land's End to John o' Groats to raise money for St Helena Hospice?
... that the operator of the Robie House sold bricks to raise money for a renovation?
... that people are robbing Lebanese banks to get their own money back?
... that Martha Washington's portrait on the 1896 US one-dollar silver certificate is the most recent time that a woman has been featured on US paper money?
... that memoirist Guy Trebay recalled that the Tenth Floor, a New York City nightclub, attracted "slick and professional gay men who obviously had money"?

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The following are images from various currency-related articles on Wikipedia.

Image 1Tibetan silver tangka with Ranjana (Lantsa) script, dated 15-28 (= AD 1894), obverse (from Tibetan tangka)
Image 2Tibetan undated silver tangka (2nd half of 18th century) with eight times the syllable "dza" in vartula script, reverse (from Tibetan tangka)
Image 3Tibetan "gaden" Tangka, undated (ca. AD 1840), obverse (from Tibetan tangka)
Image 4Tibetan "gaden" Tangka, undated (ca. AD 1840), reverse (from Tibetan tangka)
Image 5Punch-marked coins discovered from Chandraketugarh. (from Punch-marked coins)
Image 6Tibetan undated silver tangka, struck in 1953/54, reverse. (from Tibetan tangka)
Image 7President J. K. Paasikivi illustrated in a former Finnish 10 mark banknote from 1980 (from Money)
Image 8Money Base, M1 and M2 in the U.S. from 1981 to 2012 (from Money)
Image 9"Babyal Hoard" type, of the Kuru Janapada (350–315 BCE) (from Punch-marked coins)
Image 10Tibetan kong par tangka, dated 13-45 (= AD 1791), reverse (from Tibetan tangka)
Image 11Ancient Jewish coin, engraved menorah, from the Hasmoneon kingdom 37-40 BCE (from Money)
Image 12Silver, ½ Karshapana coin, “Babyal Hoard” type, of the Kuru Janapada (450–315 BC) (from Punch-marked coins)
Image 13Undated Kelzang tangka (1910), obverse (from Tibetan tangka)
Image 14Banknotes of different currencies with a face value of 5000 (from Money)
Image 15Tibetan kong par tangka, dated 13-45 (= AD 1791), obverse (from Tibetan tangka)
Image 16Tenga of Muhammad Khudayar Khan, struck at the Kokand mint, dated 1862–1863 (from Kokand tenga)
Image 17A check, used as a means of converting funds in a demand deposit to cash (from Money)
Image 18A hoard of mostly Mauryan punch-marked coins (from Punch-marked coins)
Image 19Huizi currency, issued in 1160 (from Money)
Image 20Tibetan undated silver tangka, struck in 1953/54, obverse. (from Tibetan tangka)
Image 21Paper money from different countries (from Money)
Image 22Sino Tibetan silver tangka, dated 58th year of Qian Long era, reverse. Weight 5.57 g. Diameter: 30 mm (from Tibetan tangka)
Image 23US dollar banknotes (from Money)
Image 24A person counts a bundle of different Swedish banknotes. (from Money)
Image 25Café in Delft accepting Bitcoin (from Money)
Image 26A 1914 British gold sovereign (from Money)
Image 27Tibetan silver tangka with Ranjana (Lantsa) script, dated 15-28 (= AD 1894), reverse (from Tibetan tangka)
Image 28Gold coins are an example of legal tender that are traded for their intrinsic value, rather than their face value. (from Money)
Image 29Euro banknotes and coins (from Money)
Image 30Song Dynasty Jiaozi, the world's earliest paper money (from Money)
Image 31Printing paper money at a printing press in Perm (from Money)
Image 32Sino Tibetan silver tangka, dated 58th year of Qian Long era, obverse. Weight 5.57 g. Diameter: 30 mm (from Tibetan tangka)
Image 33Tibetan undated silver tangka (2nd half of 18th century) with eight times the syllable "dza" in vartula script, obverse (from Tibetan tangka)
Image 34Undated Kelzang tangka (1910), reverse (from Tibetan tangka)
Image 35"Bent bar" of the Gandhara Janapda unearthed with Achaemenid and Greek coins, Gandhara, c.350 BC. (from Punch-marked coins)
Image 36Egyptian gold stater of Nectanebo II: reverse with hieroglyphs nfr-nb, minted in Egypt around 360 BC. (from Money)
Image 37A 640 BC one-third stater electrum coin from Lydia. According to Herodotus, the Lydians were the first people to introduce the use of gold and silver coins. It is thought by modern scholars that these first stamped coins were minted around 650 to 600 BC. (from Money)