The Money Portal
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... )
5th-century gold coin of King Ezana .
Aksumite currency was coinage produced and used within the Kingdom of Aksum (or Axum) centered in present-day Eritrea and Ethiopia . Its mintages were issued and circulated from the reign of King Endubis around AD 270 until it began its decline in the first half of the 7th century where they started using Dinar along with most parts of the Middle East. During the succeeding medieval period, Mogadishu currency , minted by the Sultanate of Mogadishu , was the most widely circulated currency in the eastern and southern parts of the Horn of Africa from the start of the 12th century.
Aksum's currency serves as an indicator of the kingdom's contemporary cultural influences and religious climate (first
polytheistic and later
Oriental Christianity ). It also facilitated the
Red Sea trade on which it thrived. The coinage has also proved invaluable in providing a reliable chronology of Aksumite kings due to the lack of extensive archaeological work in the area. (
Full article... )
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The following are images from various currency-related articles on Wikipedia.
Image 1 A person counts a bundle of different
Swedish banknotes. (from
Money )
Image 2 Banknotes and coins (from
Money )
Image 3 Tibetan undated silver tangka (2nd half of 18th century) with eight times the syllable "dza" in vartula script,reverse (from
Tibetan tangka )
Image 4 Tibetan silver tangka with Ranjana (Lantsa) script, dated 15-28 (= AD 1894), obverse (from
Tibetan tangka )
Image 5 Tibetan kong par tangka, dated 13-45 (= AD 1791),reverse (from
Tibetan tangka )
Image 6 Tibetan undated silver tangka (2nd half of 18th century) with eight times the syllable "dza" in vartula script,obverse (from
Tibetan tangka )
Image 7 Punch-marked coins discovered from
Chandraketugarh . (from
Punch-marked coins )
Image 8 Song Dynasty
Jiaozi , the world's earliest paper money (from
Money )
Image 9 Undated Kelzang tangka (1910), obverse (from
Tibetan tangka )
Image 10 Tibetan undated silver tangka, struck in 1953/54, obverse. (from
Tibetan tangka )
Image 11 US dollar banknotes (from
Money )
Image 12 President
J. K. Paasikivi illustrated in a former Finnish
10 mark banknote from 1980 (from
Money )
Image 13 Athens 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 14 Undated Kelzang tangka (1910), reverse (from
Tibetan tangka )
Image 15 Tibetan "gaden" Tangka, undated (ca. AD 1840), reverse (from
Tibetan tangka )
Image 16 Sino Tibetan silver tangka, dated 58th year of Qian Long era, obverse. Weight 5.57 g. Diameter: 30 mm (from
Tibetan tangka )
Image 17 Tibetan "gaden" Tangka, undated (ca. AD 1840), obverse (from
Tibetan tangka )
Image 18 Money Base, M1 and M2 in the U.S. from 1981 to 2012 (from
Money )
Image 19 A 640 BC one-third
stater electrum coin from
Lydia (from
Money )
Image 20 Banknotes of different currencies with a face value of 5000 (from
Money )
Image 21 A hoard of mostly
Mauryan punch-marked coins (from
Punch-marked coins )
Image 22 Tibetan silver tangka with Ranjana (Lantsa) script, dated 15-28 (= AD 1894), reverse (from
Tibetan tangka )
Image 23 "Bent bar" minted under Achaemenid administration,
Gandhara , c.350 BC. (from
Punch-marked coins )
Image 24 Tenga of
Muhammad Khudayar Khan , struck at the Kokand mint, dated 1862–1863 (from
Kokand tenga )
Image 25 A 1914 British
gold sovereign (from
Money )
Image 26 Huizi currency , issued in 1160 (from
Money )
Image 27 Printing paper money at a printing press in
Perm (from
Money )
Image 28 Tibetan kong par tangka, dated 13-45 (= AD 1791),obverse (from
Tibetan tangka )
Image 29 Paper money from different countries (from
Money )
Image 30 Tibetan undated silver tangka, struck in 1953/54, reverse. (from
Tibetan tangka )
Image 31 A check, used as a means of converting funds in a
demand deposit to cash (from
Money )
Image 32 Gold coins are an example of legal tender that are traded for their intrinsic value, rather than their face value. (from
Money )
Image 33 Sino Tibetan silver tangka, dated 58th year of Qian Long era, reverse. Weight 5.57 g. Diameter: 30 mm (from
Tibetan tangka )
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