Portal:Money

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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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An intelligent banknote neutralisation system (IBNS) is a security system which protects valuable items by rendering them unusable or easily detectable if an unauthorised individual tries to gain access to them. Dye packs are commonly used to safeguard currency against bank robberies in this manner; when such a pack is taken out of the bank, it releases an indelible dye that stains the money with a conspicuous bright color, making it easy to recognise as stolen. Bonding agents (glues) have been used more recently as alternative degradation agents.

Well-neutralised banknotes cannot be brought back into circulation easily. They can be linked to the crime scene and restricted procedures are in place to exchange them at the financial institution. This makes stealing neutralised banknotes uneconomical and impractical. In addition to foiling thefts, the IBNS acts to deter further attacks by removing the anticipated reward of the crime and increasing the risk of being caught. (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 Russian indie artist polnalyubvi bought her first guitar with money earned from busking with her violin?
... that according to legend, the Jain temple of Pisanhari Ki Marhia was built by a poor old woman who saved up money by milling flour?
... that Johnny Peirson signed with the Boston Bruins to earn some extra money for his education at McGill University?
... that the song "Money" by the Drums was certified gold by the RIAA over a decade after its initial release?
... that people are robbing Lebanese banks to get their own money back?
... that barley was once used as a form of money?
... that Prince Charles donated money to help repair the Cambus O' May bridge after it was badly damaged by Storm Frank in 2015?
... 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 1Undated Kelzang tangka (1910), obverse (from Tibetan tangka)
Image 2President J. K. Paasikivi illustrated in a former Finnish 10 mark banknote from 1980 (from Money)
Image 3Paper money from different countries (from Money)
Image 4Tenga of Muhammad Khudayar Khan, struck at the Kokand mint, dated 1862–1863 (from Kokand tenga)
Image 5Tibetan kong par tangka, dated 13-45 (= AD 1791),obverse (from Tibetan tangka)
Image 6"Bent bar" minted under Achaemenid administration, Gandhara, c.350 BC. (from Punch-marked coins)
Image 7US dollar banknotes (from Money)
Image 8Punch-marked coins discovered from Chandraketugarh. (from Punch-marked coins)
Image 9Sino Tibetan silver tangka, dated 58th year of Qian Long era, obverse. Weight 5.57 g. Diameter: 30 mm (from Tibetan tangka)
Image 10Tibetan kong par tangka, dated 13-45 (= AD 1791),reverse (from Tibetan tangka)
Image 11A 1914 British gold sovereign (from Money)
Image 12Athens coin (c. 500/490-485 BC) discovered in Pushkalavati. This coin is the earliest known example of its type to be found so far east. (from Punch-marked coins)
Image 13A 640 BC one-third stater electrum coin from Lydia (from Money)
Image 14Tibetan "gaden" Tangka, undated (ca. AD 1840), reverse (from Tibetan tangka)
Image 15Tibetan undated silver tangka (2nd half of 18th century) with eight times the syllable "dza" in vartula script,obverse (from Tibetan tangka)
Image 16A hoard of mostly Mauryan punch-marked coins (from Punch-marked coins)
Image 17Tibetan undated silver tangka, struck in 1953/54, obverse. (from Tibetan tangka)
Image 18A check, used as a means of converting funds in a demand deposit to cash (from Money)
Image 19Huizi currency, issued in 1160 (from Money)
Image 20Tibetan undated silver tangka (2nd half of 18th century) with eight times the syllable "dza" in vartula script,reverse (from Tibetan tangka)
Image 21A person counts a bundle of different Swedish banknotes. (from Money)
Image 22Tibetan silver tangka with Ranjana (Lantsa) script, dated 15-28 (= AD 1894), reverse (from Tibetan tangka)
Image 23Tibetan "gaden" Tangka, undated (ca. AD 1840), obverse (from Tibetan tangka)
Image 24Banknotes and coins (from Money)
Image 25Song Dynasty Jiaozi, the world's earliest paper money (from Money)
Image 26Gold coins are an example of legal tender that are traded for their intrinsic value, rather than their face value. (from Money)
Image 27Tibetan silver tangka with Ranjana (Lantsa) script, dated 15-28 (= AD 1894), obverse (from Tibetan tangka)
Image 28Printing paper money at a printing press in Perm (from Money)
Image 29Banknotes of different currencies with a face value of 5000 (from Money)
Image 30Sino Tibetan silver tangka, dated 58th year of Qian Long era, reverse. Weight 5.57 g. Diameter: 30 mm (from Tibetan tangka)
Image 31Money Base, M1 and M2 in the U.S. from 1981 to 2012 (from Money)
Image 32Undated Kelzang tangka (1910), reverse (from Tibetan tangka)
Image 33Tibetan undated silver tangka, struck in 1953/54, reverse. (from Tibetan tangka)