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[[File:Currencies.jpg|thumb|220px|Coins and banknotes from many countries.]] |
[[File:Currencies.jpg|thumb|220px|Coins and banknotes from many countries.]] |
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| + | [[Currency]], like many words, has several different meanings including two relevant to [[numismatics]] and this wiki: |
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| − | '''Currency''', in general, refers to any type of [[money]] generally accepted as a [[medium of exchange]], usually defined by a government or international organization for commerce in a region. These are usually [[coin]]s and [[banknote]]s 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 deposit]]s, ownership of which can be deposited by means of [[check]]s, [[debit card]]s, or other forms of money transfer. |
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| + | * [[Currency]], in general, is any type of [[money]] used as a medium of exchange. [[Coins]] and [[banknotes]] are examples of types of currency. |
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| − | Money in the form of currency has existed in human civilizations from about [[10,000 BC]] on. Usually coins of intrinsic value have been typical. However, nearly all modern money systems are based on [[fiat money]]. Usually, the government declares the fiat currency to be [[legal tender]], making it illegal to not accept the currency as a means or repayment for all debts, public and private. |
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| + | * A [[currency]] is a particular medium of exchange, a type of money. These currencies are generally defined by a government or international organization for commerce in a region (but are often used, formally and informally, legally and illegally, outside that region). |
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==History== |
==History== |
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