Currency definition - What it is, Meaning and Concept

Currency is a term that comes from the Latin monēta and that mentions the piece of gold, silver or other metal that, with disc form and cradled with various reasons to prove its value and legitimacy, it is used as a medium of exchange ( money ).

For example: "This juice is very cheap: you can buy it with just a couple of coins" , "I need coins for the collective" , "The warehouseman didn't give me back anymore who said he had no coins ”.

Coins arose in replacement of ingots, plates and other items that were used as a means of payment but that are uncomfortable and difficult to transport.The first official currencies were cradled in Lidia among the 680 and 560 BC However, there would be much older coins ( 5000 BC , found in China ).

The value that has had the currency throughout history is undeniable because there have been many of them, all or almost all with some singularities that made them different from the rest not only for their costs or their forms but also for their names.For example, we could highlight the so-called Philippi, which received its name from King Philip II of Macedonia, or those known as Daricos, who were cradled with that name by the Persian monarch Dario.

It is also important to keep in mind that it is essential that every currency has the following parts in order to be called as such: the song, the obverse or face, the reverse, the legend, the imprint, the type or the mark.

Taking into account all these factors and many more, such as the graph or the fields, it is how you can differentiate the different currencies.At the moment, among the most important in legal course are the dollar, the euro, the yen or pounds, among others.

Currencies currently work as a measure of value , direct acquisition instrument or means of treasuring wealth .Security rules to avoid Counterfeiting have multiplied in all countries of the world.

In this sense, we would also have to make clear a series of expressions that make use of the term that concerns us with that meaning.If, for example, we carry out the use of “current currency” to refer to the money that is in legal course at that time.

In the same way, there is the "counting and sounding currency." It is a union of words that we use very commonly to mention the money in cash we use to make our purchases.

By extension, is known as any banknote, paper or legal tender .For the economy , the currency is the set of the representative signs of money circulating in a country: "The government must defend the value of the currency to protect the purchasing power of the population" , "We have to accept that the euro is the most powerful currency in the world" .

The science that studies the history of coins and money in general is called numismatic , as is the collecting coins and medals.