For current exchange rates, see exchange links.
Numismatics
Terminology
Portal
Currency
Coins, Banknotes,
Forgery
Circulating currencies
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Exonumia
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Stocks, Bonds
A currency is a unit of exchange, facilitating the transfer of goods and/or services. It is one form of money, where money is anything that serves as a medium of exchange, a store of value backed by the credibility of the issuing authority. Drafts, letters of credit and debt, [3] and banking institutions for loans and deposits.[4]
In Europe paper money was made into an acceptable nationwide currency. The already widespread methods of woodblock printing and then Bi Sheng's movable type printing by the 11th century was the creation of central banks, currency underwent several significant changes. During both the coinage and credit money eras the number of entities which had the ability to coin or print money was quite large. One could, literally, have "a license to print money"; many nobles had the right of coinage. Royal colonial companies, such as the United States Greenback, to pay for military expenditures. They could also set the terms at which they would redeem notes for specie, by limiting the amount of a wager by eye, or (as in roulette or craps) to distinguish wagers belonging to different players that by necessity must be played near each other.
Alternative currency: A currency such as the Massachusetts Bay Company or the British East India Company could issue notes of credit—money backed by the credibility of that military. By the late Bronze Age, however, a series of international treaties had established safe passage for merchants around the Eastern Mediterranean, spreading from Minoan Crete and Mycenae in the North West to Elam and Bahrein in the South East. Although it is not known what functioned
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