Currency Noton Ki Rangeen Duniya Special Report



Currency Noton Ki Rangeen Duniya Special Report


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Currency Noton

A coin (Middle English: curraunt, “outstanding”, Latin: currens, -entis) in the specific use of the word refers to money in any form when in actual use or movement as a means of change, all notes and coins in circulation. [1] [2] a more general definition is that a currency is a system of money (currency units) commonly used, especially in a nation. [3] under this definition, Sterling, US dollars and euros are examples of European currency. These various currencies are deposits of recognized value, and traded among nations in the currency markets, which determine the relative values of different currencies. [4] Coins in this regard are defined by governments, and each type has limited acceptance limits.

Other definitions of the term “currency” synonymous discussed in their respective articles of banknotes, coins and money. The latter definition, part of the currency systems of nations, is the subject of this article. Coins can be classified into two monetary systems: fiat money and commodity money, depending on what guarantees the value (the overall economy against physical metals reserves government). Some coins are legal tender in certain political jurisdictions, which means they can not be rejected as debt payment. Others are simply traded for their economic value. digital currency has emerged with the popularity of computers and the Internet.