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How is the value of paper currency determined today?
The answer depends on the currency in question. The whole idea of paper currency's value is that it is a promise of funds. If you have a $20 united states dollar, then the united states treasury is promising you that the value is $20. However the actual value is nothing, if the united states treasury stopped recognizing paper currency, then it would be worthless.
Why might these countries not have wanted to adopt a single currency?
They didn't want to adopt to a single currency because it would withdraw their own coins and paperbill's from circulating.
What is the hardest currency?
If you mean literally hard, then metal coins (found in many countries) would be the hardest.
What is more valuableto have 100 rupee coins in silver or a RS.100 note in paper?
The silver coins would be more valuable - as the price of silver fluctuates. The value of the paper is irrelevant.
Will coins hold their value better than paper money?
I would say yes. When has paper money ever held it's value?
What currency did medieval peasants have?
If they had any coins at all (there was no paper money) medieval peasants would have the coins of the realm in which they lived. There were many different realms in medieval Europe.
How did paper money change the way people live?
Paper money made transactions more convenient and reduced the need to carry heavy metal coins. It also facilitated trade by enabling larger and more complex transactions. Additionally, it helped standardize and stabilize economies by providing a consistent medium of exchange.
How much money would be in a 5 gal water jug filled with coins?
Depends on the currency and the denomination of the coins
What would you find at a mint?
You would find coins, tokens, or medallions, and the equipment for stamping them out of metal blanks. A mint is a location where metal coins, especially currency coins, are produced.
What meterial used for currency?
U.S. paper currency isn't printed on normal wood pulp paper, but a specially durable "currency paper." This extraordinary material can withstand wear and tear that would cause every day paper to fall apart. Special security features are built into the material to prevent illegal counterfeiting of paper currency.
Are the Obama coins from the Franklin mint real?
Franklin Mint manufactures commemorative items. In this case, the coins would not be useful as currency.
What is the value of 300 baisas?
The value of 300 baisas would depend on what currency you are trying to exchange it over to. I would recommend taking the coins to a currency exchange or a bank to get them transferred over to the correct currency you want.
when invented paper money?
It is widely accepted that the first paper money originates from China approximately 1400 years ago. At this time, all money took the form of metal coins which has a hole in the middle allowing them to be strung on a chord and worn around the neck. The emerging merchant class in China found that their wealth made the weight of coins impractical to carry so they deposited the coins with a trustworthy person to look after on their behalf. In recognition of the coins, the trusted person would give the merchant a slip of paper recording the value of coins deposited, which he could use to recover the coins. Eventually, these early 'promissory notes' developed into slips of paper that could be used as money equivalents, with the person holding the notes able to go to the trustworthy person who held the actual physical coins to encash the paper. The local usage if 'jiaozi' paper money of this sort was recorded in 600 AD. The first national paper notes date from around 960AD when the Chinese Song Dynasty issued paper currency after a shortage of copper limited coin production. Paper money was first introduced by the Chinese. It is documented that the Chinese began using paper as currency after the sixth century A.D.
Bimetallism would allow for the exchange of paper currency for?
either gold or silver
What can you write about the Australian coin?
Prior to 1910, Australia used the British currency. British coins continued to circulate with Australian coins for many years. The Australian coinage was first introduced in 1910 and included the Threepence, Sixpence, Shilling and Florin. All coins were based on the equivalent British coins and were made from sterling silver. The following year in 1911, the One Penny and Halfpenny coins were introduced, again all based on the equivalent British coins and were made from bronze. Paper money was introduced in 1913. In the early 1960's, it was decided that Australia should have a decimal currency rather than the cumbersome British Imperial style of currency. It was eventually decided that Australia would adopt the Dollar of 100 cents as its currency. The last of the predecimal coins were minted in 1964. On the 14th of February, 1966 the new Australian decimal currency was issued to a well prepared Australian public.
What is the value of 1954 Australian currency?
If you refer to the collector value of 1954 Australian coins, not much. Any value would be dependent on the condition of the coins.
Why might these countries not have wanted to adopt a single currency?
They didn't want to adopt to a single currency because it would withdraw their own coins and paperbill's from circulating.
