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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An intelligent banknote neutralisation system (IBNS) is a security system, that is used by banks, ATMs, retail establishments, vending machines and the cash-in-transit industry, to render stolen funds un-useable and easily identifable. Dye packs are inserted between bills in random bundles. If a bundle containing a dye pack is removed from a specified area (i.e. taken out of bank doors), it explodes, releasing an indelible ink dye and possible array of additional chemicals. The conspicuous bright color (usually red) stains on the bills, allow quick easy visual recognition of stolen money. Tracers and markers can also be added to the ink or bonding agent providing forensic evidence linking the criminal to the crime. Bonding agents (i.e. glues) have been used more recently.

Stained bills cannot be brought back into circulation easily, because they are visually and/or forensically linked quickly to the crime scene. Restricted procedures are globally in place in case of an attempt to exchange them at any financial institutions. (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 Neha Pendse, the lead actress of the Marathi film June, contributed some of her own money towards its production?
... that Ken Kortas lost money speculating on hog futures during his NFL career?
... that Starbucks raised money for HIV/AIDS research using their red holiday cups?
... that Russian money, known as qiang tie by locals, was used as legal currency in some regions of China for decades?
... that a group of parents discovered that a children's charity had been embezzling money?
... that Russian indie artist polnalyubvi bought her first guitar with money earned from busking with her violin?
... that the general manager of a Cleveland TV station believed its owner to be "just tired of losing money"?
... 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 1Ancient Jewish coin, engraved menorah, from the Hasmoneon kingdom 37-40 BCE (from Money)
Image 2US dollar banknotes (from Money)
Image 3Tibetan silver tangka with Ranjana (Lantsa) script, dated 15-28 (= AD 1894), obverse (from Tibetan tangka)
Image 4Paper money from different countries (from Money)
Image 5A check, used as a means of converting funds in a demand deposit to cash (from Money)
Image 6Tenga of Muhammad Khudayar Khan, struck at the Kokand mint, dated 1862–1863 (from Kokand tenga)
Image 7Sino Tibetan silver tangka, dated 58th year of Qian Long era, reverse. Weight 5.57 g. Diameter: 30 mm (from Tibetan tangka)
Image 8Printing paper money at a printing press in Perm (from Money)
Image 9“Babyal Hoard” type, of the Kuru Janapada (350 - 315 BCE) (from Punch-marked coins)
Image 10Tibetan undated silver tangka (2nd half of 18th century) with eight times the syllable "dza" in vartula script, obverse (from Tibetan tangka)
Image 11Tibetan undated silver tangka (2nd half of 18th century) with eight times the syllable "dza" in vartula script, reverse (from Tibetan tangka)
Image 12Undated Kelzang tangka (1910), obverse (from Tibetan tangka)
Image 13A hoard of mostly Mauryan punch-marked coins (from Punch-marked coins)
Image 14Tibetan silver tangka with Ranjana (Lantsa) script, dated 15-28 (= AD 1894), reverse (from Tibetan tangka)
Image 15Money Base, M1 and M2 in the U.S. from 1981 to 2012 (from Money)
Image 16"Bent bar" of the Gandhara Janapda unearthed with Achaemenid and Greek coins, Gandhara, c.350 BC. (from Punch-marked coins)
Image 17Silver, ½ Karshapana coin, “Babyal Hoard” type, of the Kuru Janapada (450 BC - 315 BC) (from Punch-marked coins)
Image 18Gold coins are an example of legal tender that are traded for their intrinsic value, rather than their face value. (from Money)
Image 19President J. K. Paasikivi illustrated in a former Finnish 10 mark banknote from 1980 (from Money)
Image 20A person counts a bundle of different Swedish banknotes. (from Money)
Image 21A 1914 British gold sovereign (from Money)
Image 22Tibetan kong par tangka, dated 13-45 (= AD 1791), reverse (from Tibetan tangka)
Image 23Tibetan undated silver tangka, struck in 1953/54, obverse. (from Tibetan tangka)
Image 24Sino Tibetan silver tangka, dated 58th year of Qian Long era, obverse. Weight 5.57 g. Diameter: 30 mm (from Tibetan tangka)
Image 25Song Dynasty Jiaozi, the world's earliest paper money (from Money)
Image 26Tibetan "gaden" Tangka, undated (ca. AD 1840), obverse (from Tibetan tangka)
Image 27Huizi currency, issued in 1160 (from Money)
Image 28Punch-marked coins discovered from Chandraketugarh. (from Punch-marked coins)
Image 29Undated Kelzang tangka (1910), reverse (from Tibetan tangka)
Image 30Tibetan undated silver tangka, struck in 1953/54, reverse. (from Tibetan tangka)
Image 31Tibetan "gaden" Tangka, undated (ca. AD 1840), reverse (from Tibetan tangka)
Image 32Tibetan kong par tangka, dated 13-45 (= AD 1791), obverse (from Tibetan tangka)
Image 33Banknotes of different currencies with a face value of 5000 (from Money)
Image 34Euro banknotes and coins (from Money)
Image 35A 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)