The Money PortalEuro 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...) Selected article -![]() Bi-metallic coins are coins consisting of two (bi-) metals or alloys, generally arranged with an outer ring around a contrasting center. Common circulating examples include the €1, €2, United Kingdom £1 and £2, Canadian $2, South Africa R5, Egyptian £1, Turkish 1 lira and 50 kurus, Indian ₹10 and ₹20, Indonesian Rp1,000, Polish 2 and 5 zł, Czech 50 Kč, Hungarian 100 and 200 Ft, Bulgarian 1 and 2 lv., Hong Kong $10, Argentine $1 and $2, Brazilian R$1, Chilean $100 and $500, Colombian $500 and $1000, Peruvian S/2 and S/5, Albanian 100 Lekë, Thai 10 baht and all Mexican coins of $1 or higher denomination. For a more complete list, see List of bi-metallic coins. (Full article...) Selected currency -![]() The ruble or rouble (Russian: рубль, romanized: rublʹ; symbol: ₽; ISO code: RUB) is the currency of the Russian Federation. Banknotes and coins are issued by the Central Bank of Russia, which is Russia's monetary authority independent of all other government bodies. The ruble is the second-oldest currency in continuous use and the first decimal currency. The ruble was the currency of the Russian Empire, which was replaced by the Soviet ruble (code: SUR) during the Soviet period. Following the dissolution of the Soviet Union, by 1992, the Soviet ruble was replaced in the Russian Federation by the Russian ruble (code: RUR) at par. The Russian ruble then further continued to be used in 11 post-Soviet states, forming a "ruble zone" until 1993. The ruble was further redenominated with the new code "RUB" just preceding the 1998 Russian financial crisis, and was exchanged at the rate of 1,000 RUR = 1 RUB. (Full article...) Did you know -
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