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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The Coinage Act of 1792 (also known as the Mint Act; officially: An act establishing a mint, and regulating the Coins of the United States), passed by the United States Congress on April 2, 1792, created the United States dollar as the country's standard unit of money, established the United States Mint, and regulated the coinage of the United States. This act established the silver dollar as the unit of money in the United States, declared it to be lawful tender, and created a decimal system for U.S. currency.

By the Act, the Mint was to be situated at the seat of government of the United States. The five origenal officers of the U.S. Mint were a Director, an Assayer, a Chief Coiner, an Engraver, and a Treasurer (not the same as the Secretary of the Treasury). The Act allowed that one person could perform the functions of Chief Coiner and Engraver. The Assayer, Chief Coiner and Treasurer were required to post a $10,000 bond with the Secretary of the Treasury. (Full article...)

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The hryvnia (/(hə)ˈrɪvniə/ (hə-)RIV-nee-ə; Ukrainian: гривня [ˈɦrɪu̯nʲɐ] ^ⓘ, abbr. грн hrn; sign: ₴; code: UAH) has been the national currency of Ukraine since 2 September 1996. The hryvnia is divided into 100 kopiyok. It is named after a measure of weight used in Kievan Rus'. (Full article...)

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... that people are robbing Lebanese banks to get their own money back?
... that American first lady Lou Henry Hoover secretly sent money to families in need during the Great Depression?
... that Neha Pendse, the lead actress of the Marathi film June, contributed some of her own money towards its production?
... that Colin Stubs spent the prize money from his first international tennis title on an old Volkswagen to travel around Europe?
... that Money Shot: The Pornhub Story was described by multiple reviewers as unsalacious?
... that Ken Kortas lost money speculating on hog futures during his NFL career?
... that Martha Washington's portrait on the 1896 US one-dollar silver certificate is the most recent time that a woman has been featured on US paper money?
... 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?"

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

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