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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Aksumite currency was coinage produced and used within the Kingdom of Aksum (or Axum) centered in present-day Ethiopia and Eritrea. 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 renminbi (Chinese: 人民币; pinyin: Rénmínbì; lit. 'People's Currency' Chinese pronunciation: [ʐən˧˥min˧˥pi˥˩]; symbol: ¥; ISO code: CNY; abbreviation: RMB), also known as the Chinese yuan, is the official currency of the People's Republic of China. The renminbi is issued by the People's Bank of China, the monetary authority of China. It is the world's fifth-most-traded currency as of April 2022.

The yuan (元) is the basic unit of the renminbi. One yuan is divided into 10 jiao (角), and the jiao is further subdivided into 10 fen (分). The word yuan is widely used to refer to the Chinese currency generally, especially in international contexts. (Full article...)

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... that even though a village said that it did not want a church, Indonesian politician Thoriqul Haq allocated land and money to build one along with a musalla?
... 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 group of parents discovered that a children's charity had been embezzling money?
... that Colin Stubs spent the prize money from his first international tennis title on an old Volkswagen to travel around Europe?
... that Starbucks raised money for HIV/AIDS research using their red holiday cups?
... that a TV station in Windsor, Ontario, was spared from closure even though it lost money for ten consecutive years?
... that medievalist Edward Rand rang the doorbell of Harvard president Charles William Eliot and asked him: "I would like to go to Harvard; do you have any money?"
... that placekicker Cam Little donated money to a Down syndrome organization for every field goal he made?

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

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