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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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A coin is a small object, usually round and flat, used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order to facilitate trade. They are most often issued by a government. Coins often have images, numerals, or text on them. The faces of coins or medals are sometimes called the obverse and the reverse, referring to the front and back sides, respectively. The obverse of a coin is commonly called heads, because it often depicts the head of a prominent person, and the reverse is known as tails.

A coin is generally made of metal or an alloy, or sometimes of human-made materials. Precious metal–based coins had the advantage of carrying their value within the coins themselves. On the other hand, they induced manipulations, such as the clipping of coins to remove some of the precious metal. (Full article...)

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The ruble or rouble (/ˈruːbəl/; Russian: рубль, tr. rubl', IPA: [rublʲ]) was the currency of the Soviet Union. It was introduced in 1922 and replaced the Imperial Russian ruble. One ruble was divided into 100 kopecks (копейка, pl. копейки – kopeyka, kopeyki). Soviet banknotes and coins were produced by the Federal State Unitary Enterprise (or Goznak) in Moscow and Leningrad.

In addition to regular cash rubles, other types of rubles were also issued, such as several forms of convertible ruble, transferable ruble, clearing ruble, Vneshtorgbank cheque, etc.; also, several forms of virtual rubles (called "cashless ruble", безналичный рубль) were used for inter-enterprise accounting and international settlement in the Comecon zone. (Full article...)

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... that the façade of the Brooklyn Central Library was removed in an attempt to save money?
... that Adam Kincaid of the National Republican Redistricting Trust defended lowered competition in US House elections, arguing that the changes would save the party money?
... that to print money during the Indonesian National Revolution, Lukman Hakim had to lead a group to the town of Muara Bungo to find a printing machine?
... that Frankie Saluto was a member of the Ringling Giants, a dwarf baseball team that raised money for charity?
... that in the span of three days, a Florida man was approved by bankruptcy courts to buy TV stations in Roanoke and Lynchburg, Virginia, and then arrested on charges of laundering millions in drug money?
... that the song "Money" by the Drums was certified gold by the RIAA over a decade after its initial release?
... that Bull Island was farmed by the Money family for over 100 years before being turned into a wildlife preserve?
... that Thomas Jefferson and Henry Ford both took an interest in the folk tune and contra dance "Money Musk"?

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

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