Portal:Money


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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Monnaie de Paris, 11 quai Conti, 75006 Paris

The Monnaie de Paris (French pronunciation: [mɔnɛ paʁi], Paris Mint) is a government-owned institution responsible for producing France's coins. Founded in AD 864 by King Charles the Bald with the Edict of Pistres, it is the oldest continuously running minting institution and one of the oldest extant companies in the world. (Full article...)

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The złoty (alternative spelling: zloty; Polish: polski złoty, Polish: [ˈzwɔtɨ] ; abbreviation: ; code: PLN, English: golden) is the official currency and legal tender of Poland. It is subdivided into 100 groszy (gr). It is the most-traded currency in Central and Eastern Europe and ranks 21st most-traded in the foreign exchange market.

The word złoty is a masculine form of the Polish adjective 'golden', which closely relates with its name to the guilder, whereas the grosz subunit is based on the groschen, cognate to the English word groat. It was officially introduced to replace its interim predecessor, the Polish marka, on 28 February 1919 and began circulation in 1924. The only bodies permitted to manufacture or mint złoty coins and banknotes are the Polska Wytwórnia Papierów Wartościowych (PWPW), founded in Warsaw on 25 January 1919, and Mennica Polska, founded in Warsaw on 10 February 1766. (Full article...)

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In the news

8 December 2025 – Corruption in Mexico
In Mexico, former Chihuahua governor César Duarte Jáquez is arrested for allegedly laundering more than Mex$96 million (US$5 million) in public funds. (Reuters)
11 November 2025 –
The Southwark Crown Court in London, United Kingdom, sentences Chinese fraudster Qian Zhimin to 11 years and eight months in prison for running a Ponzi scheme that defrauded over 128,000 investors and laundered the proceeds into Bitcoin, resulting in the recovery of about ₿61,000 in the country's largest cryptocurrency seizure. (AP)

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