Money was historically anemergent market phenomenon that possessed intrinsic value as acommodity; nearly all contemporary money systems are based on unbackedfiat money withoutuse value. Its value is consequently derived by social convention, having been declared by agovernment or regulatory entity to belegal 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 theUnited States dollar.
TheEuropa Coin Programme, also known as the European Silver Programme, or the Eurostar Programme, is an initiative dedicated to the issuance of collector-orientedlegal tendercoins inprecious metals to celebrateEuropean identity. The issuing authorities ofEU member countries voluntarily contribute coins to the Europa Coin Programme. Multiple countries have participated in the programme, beginning in 2004. Some coins are denominated ineuro, others are denominated in other currencies. Europa coins are legal tender. (Full article...)
Thelira (Maltese:lira Maltija, plural:liri,ISO 4217 code:MTL) orpound (until ca. 1986 inEnglish, codeMTP) was the currency ofMalta from 1972 until 31 December 2007. One lira was divided into 100 cents, each of 10 mils. After 1986 the lira was abbreviated as Lm, although the original£M sign continued to be used unofficially. In English the currency was still frequently called thepound even after its official English language name was changed tolira.
Theeuro replaced the lira as the official currency ofMalta on 1 January 2008 at the irrevocable fixed exchange rate of €1 per Lm 0.4293, or approximately €2.33 per Lm 1. (Full article...)
... that even though a village said that it did not want a church, Indonesian politicianThoriqul Haq allocated land and money to build one along with amusalla?
... that the church that attempted to sella Kansas radio station could not locate the money allegedly paid by the buyer?
Image 6Song DynastyJiaozi, the world's earliest paper money (fromMoney)
Image 7A 640 BC one-thirdstaterelectrum coin fromLydia. According toHerodotus, theLydians were the first people to introduce the use ofgold andsilver coins. It is thought by modern scholars that these first stampedcoins were minted around 650 to 600 BC. (fromMoney)
FormerGeorgianprime ministerIrakli Garibashvili pleads guilty to large-scalemoney-laundering charges and receives a five-year prison sentence and a₾1-million (US$371,829) fine after investigators seize about $6.5 million in cash during raids on his residence.(Reuters)
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