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.
TheOctopus card (Chinese:八達通;Jyutping:baat3 daat6 tung1,Cantonese) is a reusablecontactless stored valuesmart card for makingelectronic payments in online or offline systems inHong Kong. Launched in September 1997 to collect fares for the territory'spublic transport system, it has grown into a widely used system for transport and other retail transactions in Hong Kong. It is also used for purposes such as recording school attendance and permitting building access. The cards are used by 98 percent of the population of Hong Kong aged 15 to 64 and the system handles more than 15 million transactions, worth over HK$220 million, every day.
Thekróna (plural:krónur;sign:kr) is thecurrency of theFaroe Islands. It is issued byDanmarks Nationalbank, the central bank ofDenmark. It is not a separate currency, but is rather a local issue of banknotes denominated in theDanish krone, although Danish-issued coins are still used. Consequently, it does not have anISO 4217 currency code and instead shares that of the Danish krone,DKK. This means that in the Faroe Islands, credit cards are charged in Danish kroner. The króna is subdivided into 100oyru(r). (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?
Image 17A 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)
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