Money was historically an emergent market phenomenon that possess 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.
Euro starter kits are packs of euro coins of all the eight denominations sealed in a plastic sachet. The kits' purpose is primarily to familiarise citizens of a nation joining the eurozone with their new currency. A further objective is to provide coins for retailers' cash registers well in advance of their respective €-Day. Usually these kits are available from local banks some weeks before euro changeover.
Mainly there are two types of starter packs: business starter kits and those for the general public. The difference lies in the number of coins per pack. Business kits are intended for retailers. Therefore, they contain approximately 100 euro or more in coins, usually packed in rolls, whereas mini-starter kits are intended for the general public and usually have a small number of coins. (Full article...)
Nepalese silver mohar in the name of King Bhupatindra Malla (ruled 1696-1722) of Bhadgaon (Bhaktapur), dated Nepal Era 816 ( = AD 1696), obverse. Silver mohars of this type were also exported to Tibet where they circulated along with other Malla mohars.
The mohar was the currency of the Kingdom of Nepal from the second half of the 17th century until 1932. Silver and gold mohars were issued, each subdivided into 128 dams. Copper dams were also issued, together with copper paisa worth 4 copper dams. The values of the copper, silver and gold coinages relative to one another were not fixed until 1903. In that year, the silver mohar became the standard currency, divided into 50 paisa. It was replaced in 1932 by the rupee, also called the mohru (Moru), at a rate of 2 mohars = 1 rupee. (Full article...)
... that Bull Island was farmed by the Money family for over 100 years before being turned into a wildlife preserve?
... that two hagiographic documents about St. Hunegund of France publicized Hunegund's miracles to create a sense of identity in Homblières and to raise money for the monastery?
... that while in many countries the government cannot finance its deficit by creating new money, it may still borrow from the central bank, which can?
... that the fashionable hula master ʻIoane ʻŪkēkē was mistaken for a prince in his prime but ended his days blind and begging for money on the streets of Honolulu?
... that British Rail's Automatic Train Protection system was estimated to cost £11 million per life saved, more than the £4 million per life to be considered good value for money?
Image 8Tibetan kong par tangka, dated 13-45 (= AD 1791),obverse (from Tibetan tangka)
Image 9Gold coins are an example of legal tender that are traded for their intrinsic value, rather than their face value. (from Money)
Image 10A sample picture of a fictional ATM card. The largest part of the world's money exists only as accounting numbers which are transferred between financial computers. Various plastic cards and other devices give individual consumers the power to electronically transfer such money to and from their bank accounts, without the use of currency. (from Money)
Image 17Athens 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 18In a 1786 James Gillray caricature, the plentiful money bags handed to King George III are contrasted with the beggar whose legs and arms were amputated, in the left corner. (from Money)
Image 19Sino 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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