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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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In Christian tradition, the love of money is condemned as a sin primarily based on texts such as Ecclesiastes 5:10 and 1 Timothy 6:10. The Christian condemnation relates to avarice and greed rather than money itself. The Christian texts (scriptures) are full of parables and use easy-to-understand subjects, such as money, to convey the actual message, there are further parallels in Solon and Aristotle, and Massinissa—who ascribed love of money to Hannibal and the Carthaginians. Avarice is one of the seven deadly sins in the Christian classifications of vices (sins). This is a phrase that was borrowed from Diogenes. (Full article...)

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The euro (symbol: €; currency code: EUR) is the official currency of 20 of the 27 member states of the European Union. This group of states is officially known as the euro area or, more commonly, the eurozone. The euro is divided into 100 euro cents.

The currency is also used officially by the institutions of the European Union, by four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. Additionally, over 200 million people worldwide use currencies pegged to the euro. (Full article...)

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... that even though a village said that it did not want a church, Indonesian politician Thoriqul Haq allocated land and money to build one along with a musalla?
... that Frankie Saluto was a member of the Ringling Giants, a dwarf baseball team that raised money for charity?
... that people are robbing Lebanese banks to get their own money back?
... 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 dark-money American Accountability Foundation aims to "take a big handful of sand and throw it in the gears of the Biden administration"?
... that Colin Stubs spent the prize money from his first international tennis title on an old Volkswagen to travel around Europe?
... that Ken Kortas lost money speculating on hog futures during his NFL career?
... that barley was once used as a form of 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),obverse (from Tibetan tangka)
Image 2Tibetan undated silver tangka (2nd half of 18th century) with eight times the syllable "dza" in vartula script,reverse (from Tibetan tangka)
Image 3Athens 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 4Banknotes of different currencies with a face value of 5000 (from Money)
Image 5Banknotes and coins (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 7Printing paper money at a printing press in Perm (from Money)
Image 8A 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 9Paper money from different countries (from Money)
Image 10A 1914 British gold sovereign (from Money)
Image 11Undated Kelzang tangka (1910), obverse (from Tibetan tangka)
Image 12Tibetan silver tangka with Ranjana (Lantsa) script, dated 15-28 (= AD 1894), obverse (from Tibetan tangka)
Image 13Tibetan silver tangka with Ranjana (Lantsa) script, dated 15-28 (= AD 1894), reverse (from Tibetan tangka)
Image 14Tibetan undated silver tangka, struck in 1953/54, reverse. (from Tibetan tangka)
Image 15Tenga of Muhammad Khudayar Khan, struck at the Kokand mint, dated 1862–1863 (from Kokand tenga)
Image 16Sino Tibetan silver tangka, dated 58th year of Qian Long era, reverse. Weight 5.57 g. Diameter: 30 mm (from Tibetan tangka)
Image 17Money Base, M1 and M2 in the U.S. from 1981 to 2012 (from Money)
Image 18A hoard of mostly Mauryan punch-marked coins (from Punch-marked coins)
Image 19Tibetan undated silver tangka, struck in 1953/54, obverse. (from Tibetan tangka)
Image 20A check, used as a means of converting funds in a demand deposit to cash (from Money)
Image 21Tibetan kong par tangka, dated 13-45 (= AD 1791),reverse (from Tibetan tangka)
Image 22Gold coins are an example of legal tender that are traded for their intrinsic value, rather than their face value. (from Money)
Image 23Tibetan "gaden" Tangka, undated (ca. AD 1840), obverse (from Tibetan tangka)
Image 24Undated Kelzang tangka (1910), reverse (from Tibetan tangka)
Image 25"Bent bar" minted under Achaemenid administration, Gandhara, c.350 BC. (from Punch-marked coins)
Image 26Tibetan "gaden" Tangka, undated (ca. AD 1840), reverse (from Tibetan tangka)
Image 27US dollar banknotes (from Money)
Image 28Punch-marked coins discovered from Chandraketugarh. (from Punch-marked coins)
Image 29Song Dynasty Jiaozi, the world's earliest paper money (from Money)
Image 30Huizi currency, issued in 1160 (from Money)
Image 31Tibetan undated silver tangka (2nd half of 18th century) with eight times the syllable "dza" in vartula script,obverse (from Tibetan tangka)
Image 32President J. K. Paasikivi illustrated in a former Finnish 10 mark banknote from 1980 (from Money)
Image 33A person counts a bundle of different Swedish banknotes. (from Money)

In the news

15 May 2024 –: Federal prosecutors in New York City charge two brothers, Anton and James Peraire-Bueno, with conspiracy to commit wire fraud, and conspiracy to commit money laundering, after they were arrested for exploiting the Ethereum blockchain and stealing $25 million worth of cryptocurrency. (Reuters)
10 May 2024 – Arrest of Arvind Kejriwal, 2024 Indian general election: The Supreme Court of India grants Delhi Chief Minister Arvind Kejriwal interim bail for 21 days in connection with the Delhi liquor policy money laundering case, thereby permitting Kejriwal to campaign in the ongoing general election. (The Hindustan Times)
8 May 2024 –: Two Cambodian and Chinese people are deported from Singapore after being convicted of laundering over S$3 billion (US$2.2 billion), Singapore's largest ever money laundering case. (VnExpress)
30 April 2024 –: The founder of the cryptocurrency exchange service Binance, Changpeng Zhao, is sentenced to four months in prison for money laundering. (Reuters)