Join the #1 community for gun owners of the Northwest
We believe the 2nd Amendment is best defended through grass-roots organization, education, and advocacy centered around individual gun owners. It is our mission to encourage, organize, and support these efforts throughout Oregon, Washington, Idaho, Montana, and Wyoming.
Discuss firearms and all aspects of firearm ownership
Join others in organizing against anti-gun legislation
Find nearby gun shops, ranges, training, and other resources
Discover free outdoor shooting areas
Stay up to date on firearm-related events
Share photos and video with other members
...and much more!
currency
A currency (from Middle English: curraunt, "in circulation", from Latin: currens, -entis), in the most specific use of the word, refers to money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins. A more general definition is that a currency is a system of money (monetary units) in common use, especially in a nation. Under this definition, US dollars, British pounds, Australian dollars, and European euros are examples of currency. These various currencies are recognized stores of value and are traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are defined by governments, and each type has limited boundaries of acceptance.
Other definitions of the term "currency" are discussed in their respective synonymous articles banknote, coin, and money. The latter definition, pertaining to the currency systems of nations, is the topic of this article. Currencies can be classified into two monetary systems: fiat money and commodity money, depending on what guarantees the value (the economy at large vs. the government's physical metal reserves). Some currencies are legal tender in certain political jurisdictions, which means they cannot be refused as payment for debt. Others are simply traded for their economic value. Digital currency has arisen with the popularity of computers and the Internet.
Goldback company online
How cool is this? A company is manufacturing currency notes containing real gold, in the denominations of 1, 5, 10, 25, and 50 Goldbacks.
The 1 Goldback note is currently being sold for around $6. It contains 1/1000 ounce of gold, worth about $2.34 with today's...
Some months ago, I was in a voice meeting with, among a number of other individuals, the Commissioner of Financial Institutions in Puerto Rico. There were other government officials, at least one lawyer, management types, and IT professionals. I was one of the latter. The chief concern of...
A comment from another website:
Humorously, when you point out the failure of Venezuela to an American socialist proponent, you get the standard pat answer: “It wasn’t implemented right”.
Opinion | In Venezuela, money has stopped working