Portal:Money
The Money PortalEuro 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...) Selected article -Captain Euro is a fictional comic book superhero character, created in 1999 as a way to promote the European Union, and specifically the launch of the Euro, the single European currency that arrived in 2002. The character has been featured on a website (first at captaineuro.com, later at captaineuro.eu) since 1999. Captain Euro has been featured on comic books and comic strips available on its website and as comic books on Amazon. The website's contents are available only in English. Captain Euro, the campaign, website and all the additional characters ans storylines were created by Nicolas De Santis of the consulting firm Twelve Stars for the EU. Twelve Stars was already working for the EU in various identity and brand projects, including with the European Parliament. (Full article...) Selected currency -![]() The Latvian lats (plural: lati, plural genitive: latu, second Latvian lats ISO 4217 currency code: LVL) was the currency of Latvia from 1922 until 1940 and from 1993 until it was replaced by the euro on 1 January 2014. A two-week transition period during which the lats was in circulation alongside the euro ended on 14 January 2014. The lats is abbreviated as Ls and was subdivided into 100 santīmi (singular: santīms; from French centime), abbreviated as an s after the santīm amount. The Latvian lats has been recognized as one of the 99 entries of the Latvian Culture Canon. (Full article...) Did you know -
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