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 particular 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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Dynamic intelligent currency encryption (DICE) is a technological concept designed to enhance the security of paper currency. The system tracks and monitors banknotes in circulation using identifiable characteristics, allowing for the remote devaluation of banknotes involved in fraudulent activities or criminal transactions. Developed in 2014 by the British-Austrian technology company EDAQS, DICE involves the use of Machine Readable Codes (MRC) or radio-frequency identification (RFID) tags embedded in banknotes. These banknotes are then registered to a centralized system to increase security and reduce the risk of forgery tags. These banknotes are then registered to a centralized system, purportedly rendering them secure and resistant to forgery.

The primary objective of DICE is to engage the banking and retail sectors in a system where cash circulation is passively monitored and controlled. Additionally, DICE aims to serve as an alternative to the complete elimination of physical currency, offering benefits similar to a cashless economy, such as reducing cash-related crimes, without entirely removing cash from circulation. (Full article...)

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The króna (plural: krónur; sign: kr) is the currency of the Faroe Islands. It is issued by Danmarks Nationalbank, the central bank of Denmark. It is not a separate currency, but is rather a local issue of banknotes denominated in the Danish krone, although Danish-issued coins are still used. Consequently, it does not have an ISO 4217 currency code and instead shares that of the Danish krone, DKK. This means that in the Faroe Islands, credit cards are charged in Danish kroner. The króna is subdivided into 100 oyru(r). (Full article...)

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... that Neha Pendse, the lead actress of the Marathi film June, contributed some of her own money towards its production?
... that Ken Kortas lost money speculating on hog futures during his NFL career?
... that in the span of three days, a Florida man was approved by bankruptcy courts to buy TV stations in Roanoke and Lynchburg, Virginia, and then arrested on charges of laundering millions in drug money?
... that a nuclear reactor was nearly built at the New York Hall of Science, but the money for the institution instead went to Yankee Stadium?
... that Russian indie artist polnalyubvi bought her first guitar with money earned from busking with her violin?
... that the general manager of a Cleveland TV station believed its owner to be "just tired of losing money"?
... that Ivan I of Moscow earned the nickname "Kalita", which literally means 'money bag'?
... that American first lady Lou Henry Hoover secretly sent money to families in need during the Great Depression?

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

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