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 original 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 Johnny Peirson signed with the Boston Bruins to earn some extra money for his education at McGill University?
... that Bull Island was farmed by the Money family for over 100 years before being turned into a wildlife preserve?
... 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?"
... that Russian money, known as qiang tie by locals, was used as legal currency in some regions of China for decades?
... that Starbucks raised money for HIV/AIDS research using their red holiday cups?
... that Russian indie artist polnalyubvi bought her first guitar with money earned from busking with her violin?
... that Neha Pendse, the lead actress of the Marathi film June, contributed some of her own money towards its production?
... 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?

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

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

In the news

31 March 2024 –: In the largest heist in city history, $30 million is stolen from a GardaWorld money storage facility in Sylmar, Los Angeles, California, United States. (Los Angeles Times) (KABC-TV) (CNN)