currency.org Open in urlscan Pro
198.50.152.44  Public Scan

Form analysis
0 forms found in the DOM

Text Content

HOME | HISTORY | MODERN CURRENCIES | CONTROL & PRODUCTION | CURRENCY
CONVERTIBILITY


WELCOME ON CURRENCY.ORG

In economics, currency refers to physical objects generally accepted as a medium
of exchange. These are usually the coins and banknotes of a particular
government, which comprise the physical aspects of a nation's money supply. The
other part of a nation's money supply consists of bank deposits (sometimes
called deposit money), ownership of which can be transferred by means of
cheques, debit cards, or other forms of money transfer. Deposit money and
currency are money in the sense that both are acceptable as a means of
payment.[1]

Money in the form of currency has predominated throughout most of history.
Usually (gold or silver) coins of intrinsic value (commodity money) have been
the norm. However, nearly all contemporary money systems are based on fiat money
– modern currency has value only by government order (fiat). Usually, the
government declares the fiat currency (typically notes and coins issued by the
central bank) to be legal tender, making it unlawful to not accept the fiat
currency as a means of repayment for all debts, public and private.