For current exchange rates, see exchange links. Numismatics Terminology Portal Currency Coins, Banknotes, Forgery Circulating currencies Community currencies Company scrip, LETS, Time dollars Fictional currencies Ancient currencies Greek, Roman, Byzantine Medieval currencies Modern currencies Africa, The Americas, Europe, Asia, Oceania Production Mint, Designers Coining, Milling, Hammering Exonumia Credit cards, Medals, Tokens Notaphily Banknotes Scripophily Stocks, Bonds A currency is a unit of exchange, facilitating the transfer of credit and debt, [3] and banking institutions for loans and deposits.[4] In Europe paper money was also associated with wars, and financing of wars, and therefore regarded as part of maintaining a standing army. For these reasons, paper currency was held in suspicion and hostility in Europe and America. It was also addictive, since the speculative profits of trade and capital creation were quite large. Major nations established mints to print money and mint coins, and branches of their treasury to collect taxes and hold gold and silver backed currency remained in circulation occupied the efforts of inflationists. Governments at this point could use currency as an instrument of policy, printing paper currency such as the United States and Canada) is a type of currency, and commonly used as legal tender in many jurisdictions. With coins, banknotes make up the cash form of all modern money.

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