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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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In Christian tradition, the love of money is condemned as a sin primarily based on texts such as Ecclesiastes 5:10 and 1 Timothy 6:10. The Christian condemnation relates to avarice and greed rather than money itself. The Christian texts (scriptures) are full of parables and use easy-to-understand subjects, such as money, to convey the actual message, there are further parallels in Solon and Aristotle, and Massinissa—who ascribed love of money to Hannibal and the Carthaginians. Avarice is one of the seven deadly sins in the Christian classifications of vices (sins). This is a phrase that was borrowed from Diogenes. (Full article...)

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The euro (symbol: €; currency code: EUR) is the official currency of 20 of the 27 member states of the European Union. This group of states is officially known as the euro area or, more commonly, the eurozone. The euro is divided into 100 euro cents.

The currency is also used officially by the institutions of the European Union, by four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. Additionally, over 200 million people worldwide use currencies pegged to the euro. (Full article...)

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... that Russian indie artist polnalyubvi bought her first guitar with money earned from busking with her violin?
... that American first lady Lou Henry Hoover secretly sent money to families in need during the Great Depression?
... that in 1919, Ukrainians were using regular-issue paper money issued in denominations of 0.30, 0.40, 0.90, 1.80, 3.60 and 18 hryvnias?
... that Zack Kelly received a $500 signing bonus, lost money in his first professional seasons, and was released by two organizations before he made his Major League Baseball debut?
... that Thomas Jefferson and Henry Ford both took an interest in the folk tune and contra dance "Money Musk"?
... that the song "Money" by the Drums was certified gold by the RIAA over a decade after its initial release?
... that Neha Pendse, the lead actress of the Marathi film June, contributed some of her own money towards its production?
... that a Virginia radio station built a house to raise money for operations?

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

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

In the news

4 July 2024 –: Tunisian opposition leader and founder of the Republican People's Union party Lotfi Mraïhi is arrested on suspicion of money laundering. (Al Jazeera)