Portal:Money

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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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Polymer banknotes are banknotes made from a synthetic polymer such as biaxially oriented polypropylene (BOPP). Such notes incorporate many security features not available in paper banknotes, including the use of metameric inks. Polymer banknotes last significantly longer than paper notes, causing a decrease in environmental impact and a reduced cost of production and replacement. Modern polymer banknotes were first developed by the Reserve Bank of Australia (RBA), Commonwealth Scientific and Industrial Research Organisation (CSIRO) and The University of Melbourne. They were first issued as currency in Australia during 1988 (coinciding with Australia's bicentennial year); by 1996, the Australian dollar was switched completely to polymer banknotes. Romania was the first country in Europe to issue a plastic note in 1999 and became the third country after Australia and New Zealand to fully convert to polymer by 2003.

Other currencies that have been switched completely to polymer banknotes include: the Vietnamese đồng (2006) although this is only applied to banknotes with denominations above 5,000 đồng, the Brunei dollar (2006), the Nigerian Naira (2007), the Papua New Guinean kina (2008), the Canadian dollar (2013), the Maldivian rufiyaa (2017), the Mauritanian ouguiya (2017), the Nicaraguan córdoba (2017), the Vanuatu vatu (2017), the Eastern Caribbean dollar (2019), the pound sterling (2021) and the Barbadian dollar (2022). Several countries and regions have now introduced polymer banknotes into commemorative or general circulation, including: Nigeria, Cape Verde, Chile, The Gambia, Trinidad and Tobago, Vietnam, Mexico, Singapore, Malaysia, Botswana, São Tomé and Príncipe, North Macedonia, Russia, Solomon Islands, Samoa, Morocco, Albania, Sri Lanka, Hong Kong, Israel, China, Taiwan, Kuwait, Mozambique, Saudi Arabia, Isle of Man, Guatemala, Haiti, Jamaica, Libya, Mauritius, Costa Rica, Honduras, Angola, Namibia, Lebanon, the Philippines, and Egypt. (Full article...)

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The Luxembourg franc (F or ISO LUF, Luxembourgish: Frang), subdivided into 100 centimes, was the currency of Luxembourg between 1854 and 2002, except from 1941 to 1944. From 1944 to 2002, its value was equal to that of the Belgian franc. The franc remained in circulation until 2002, when it was replaced by the euro. (Full article...)

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... that the song "Money" by the Drums was certified gold by the RIAA over a decade after its initial release?
... that the façade of the Brooklyn Central Library was removed in an attempt to save money?
... that people are robbing Lebanese banks to get their own money back?
... 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 Prince Charles donated money to help repair the Cambus O' May bridge after it was badly damaged by Storm Frank in 2015?
... that the Gould Memorial Library once hosted pie-throwing contests to raise money?
... that American first lady Lou Henry Hoover secretly sent money to families in need during the Great Depression?
... that the dark-money American Accountability Foundation aims to "take a big handful of sand and throw it in the gears of the Biden administration"?

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

Image 1Banknotes of different currencies with a face value of 5000 (from Money)
Image 2Gold coins are an example of legal tender that are traded for their intrinsic value, rather than their face value. (from Money)
Image 3Tenga of Muhammad Khudayar Khan, struck at the Kokand mint, dated 1862–1863 (from Kokand tenga)
Image 4Banknotes and coins (from Money)
Image 5US dollar banknotes (from Money)
Image 6Sino Tibetan silver tangka, dated 58th year of Qian Long era, obverse. Weight 5.57 g. Diameter: 30 mm (from Tibetan tangka)
Image 7A hoard of mostly Mauryan punch-marked coins (from Punch-marked coins)
Image 8Tibetan undated silver tangka (2nd half of 18th century) with eight times the syllable "dza" in vartula script,reverse (from Tibetan tangka)
Image 9Tibetan silver tangka with Ranjana (Lantsa) script, dated 15-28 (= AD 1894), reverse (from Tibetan tangka)
Image 10A person counts a bundle of different Swedish banknotes. (from Money)
Image 11Athens 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 12Tibetan "gaden" Tangka, undated (ca. AD 1840), obverse (from Tibetan tangka)
Image 13Printing paper money at a printing press in Perm (from Money)
Image 14Tibetan undated silver tangka (2nd half of 18th century) with eight times the syllable "dza" in vartula script,obverse (from Tibetan tangka)
Image 15A 640 BC one-third stater electrum coin from Lydia (from Money)
Image 16Tibetan "gaden" Tangka, undated (ca. AD 1840), reverse (from Tibetan tangka)
Image 17President J. K. Paasikivi illustrated in a former Finnish 10 mark banknote from 1980 (from Money)
Image 18Tibetan kong par tangka, dated 13-45 (= AD 1791),obverse (from Tibetan tangka)
Image 19Undated Kelzang tangka (1910), obverse (from Tibetan tangka)
Image 20Paper money from different countries (from Money)
Image 21Tibetan undated silver tangka, struck in 1953/54, obverse. (from Tibetan tangka)
Image 22Tibetan undated silver tangka, struck in 1953/54, reverse. (from Tibetan tangka)
Image 23"Bent bar" minted under Achaemenid administration, Gandhara, c.350 BC. (from Punch-marked coins)
Image 24Money Base, M1 and M2 in the U.S. from 1981 to 2012 (from Money)
Image 25Tibetan silver tangka with Ranjana (Lantsa) script, dated 15-28 (= AD 1894), obverse (from Tibetan tangka)
Image 26A check, used as a means of converting funds in a demand deposit to cash (from Money)
Image 27Song Dynasty Jiaozi, the world's earliest paper money (from Money)
Image 28Punch-marked coins discovered from Chandraketugarh. (from Punch-marked coins)
Image 29Undated Kelzang tangka (1910), reverse (from Tibetan tangka)
Image 30Tibetan kong par tangka, dated 13-45 (= AD 1791),reverse (from Tibetan tangka)
Image 31Sino Tibetan silver tangka, dated 58th year of Qian Long era, reverse. Weight 5.57 g. Diameter: 30 mm (from Tibetan tangka)
Image 32A 1914 British gold sovereign (from Money)
Image 33Huizi currency, issued in 1160 (from Money)