economy

definition of currency

The coin It is an element that is used all over the world as measure of change, of money to buy objects, products, among others; It is made of ultra-resistant materials such as metal, silver or gold, has a round shape and is minted with various motifs and badges that prove its exchange value and that will be chosen by a competent authority.

In the early days of human civilization, barter was used to obtain or acquire products, which were precisely exchanged for other similes or that had the same value for the counterpart. On the other hand, they also knew how to use plates and ingots as means of payment for goods, however, they turned out to be very uncomfortable when moving due to the great weight they had.

In the long run, the different systems ended up showing complications and deficiencies and then other options were necessary, such as the currency, which was finally the one that prevailed after adopting a convention in format and size.

The currencies knew how to install a monetary system that lasts to this day.

The first coins on record were manufactured in Turkey, between the years 680 and 550 B.C., although it is believed that thousands of years before, in 5,000, there were coins in the area of China.

The valuation of the currency throughout history was fantastic and for example, there were them in the most diverse forms and motives, some have even received the denomination of the current rulers.

Likewise, the currency is called currency of legal tender of a nation that allows the acquisition of goods or, failing that, to be used for hoarding. It should be noted that by extension the currency will also be called legal tender in a country. Do not look at me since I can not put money for the gift because I do not have a coin.

There is a science that deals with the study of coins and their history: numismatics.

The minting of coins takes place in an institution known as the Mint.

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