Portal:Money

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

The Money Portal

Euro coins and banknotes
A sample picture of a fictional ATM card. The largest part of the world's money exists only as accounting numbers which are transferred between financial computers. Various plastic cards and other devices give individual consumers the power to electronically transfer such money to and from their bank accounts, without the use of currency.

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 main functions of money are distinguished as: a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment. Any item or verifiable record that fulfils these functions can be considered as money.

Money is historically an emergent market phenomenon establishing a commodity money, but nearly all contemporary money systems are based on fiat money. Fiat money, like any check or note of debt, is without use value as a physical commodity. It derives its value by being declared by a government 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".[better source needed] Counterfeit money can cause good money to lose its value.

The money supply of a country consists of currency (banknotes and coins) 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, which consists only of records (mostly computerized in modern banking), forms by far the largest part of broad money in developed countries. (Full article...)

Selected article - show another

The British farthing (derived from the Old English feorthing, a fourth part) was a British coin worth a quarter of an old penny (1960 of a pound sterling). It ceased to be struck after 1956 and was demonetised from 1 January 1961.

The British farthing is a continuation of the English farthing, struck by English monarchs prior to the Act of Union 1707 which unified the crowns of England and Scotland into the Kingdom of Great Britain. Only pattern farthings were struck under Queen Anne as there was a glut of farthings from previous reigns. The coin was struck intermittently under George I and George II, but by the reign of George III, counterfeits were so prevalent the Royal Mint ceased striking copper coinage after 1775. The next farthings were the first struck by steam power, in 1799 by Matthew Boulton at his Soho Mint under licence. Boulton coined more in 1806, and the Royal Mint resumed production in 1821. The farthing was struck fairly regularly under George IV and William IV. By then it carried a scaled-down version of the penny's design, and would continue to mirror the penny and halfpenny until after 1936. (Full article...)
List of selected articles

Selected currency - show another

Lari banknotes.png
The lari (Georgian: ლარი; ISO 4217: GEL) is the currency of Georgia. It is divided into 100 tetri (თეთრი). The name lari is an old Georgian word denoting a hoard, property, while tetri is an old Georgian monetary term (meaning 'white') used in ancient Colchis from the 6th century BC. Earlier Georgian currencies include the maneti, abazi, and Georgian coupon or kuponi (მანეთი, აბაზი and კუპონი, respectively). (Full article...)

Did you know - show different entries

Related portals

Get involved

For editor resources and to collaborate with other editors on improving Wikipedia's Money-related articles, see WikiProject Numismatics.

Need help?

Do you have a question about Money-related content on Wikipedia that you can't find the answer to?

Consider asking it at the Wikipedia reference desk.

General images - show another

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

In the news

16 October 2021 –
Colombian businessman Alex Saab is extradited to the United States from Cape Verde ahead of an initial court appearance in Florida on October 18 over his alleged money laundering for the Venezuelan government. (AFP via Deccan Herald)
14 October 2021 –
Sri Lanka drops charges against Admiral Wasantha Karannagoda, who was accused of being part of a group of 14 navy personnel who kidnapped 11 children and murdered them after attempting to extort money from their families. The actual number of children murdered by the group is suspected to be at least three times higher. The crimes were carried out in 2008 and 2009, amid the chaos of the Sri Lankan Civil War. (Al Jazeera)
4 October 2021 – Aftermath of the 2021 Myanmar coup d'état
Deposed leader Aung San Suu Kyi asks to reduce her time in court appearances, stating that her health has deteriorated. The judge will make a decision on the request next week. Suu Kyi currently faces multiple charges ranging from corruption to money laundering. (The Guardian)
3 October 2021 – Pandora Papers
11.9 million leaked documents are published by the International Consortium of Investigative Journalists, which expose hidden wealth, tax evasion and money laundering among 330 politicians, including 35 national leaders, and numerous celebrities worldwide, including 130 billionaires, totaling 29,000 beneficiaries among 27,000 companies. This is the largest offshore data leak in history, surpassing the Panama Papers by nearly half a million documents. (BBC News) (International Consortium of Investigative Journalists)

Categories

Select [►] to view subcategories
Category puzzle
no subcategories

Topics

– By region –
– By name –
– By country –
– Historical currencies –
– Other –

Wikimedia

The following Wikimedia Foundation sister projects provide more on this subject:

Wikibooks
Books

Commons
Media

Wikinews 
News

Wikiquote 
Quotations

Wikisource 
Texts

Wikiversity
Learning resources

Wiktionary 
Definitions

Wikidata 
Database

Sources

Portals

Purge server cache