Numismatics

The monetary policies of the government are not formulated to stabilize the economy and create trust; they are created to ensure that the regimes’ coffers are the main beneficiary, most of the times, the only beneficiary. That policy has created an almost dead Eritrean economy resulting in unemployment, poverty and frozen assets, the symptoms of bad management of money supply and the underlying problems associated with general monetary planning. Facing severe dilipadating consequences, the PFDJ

America is shifting to a completely digital economy. The modern and innovative market relies on improvements to be made to stay fresh and new. This shift makes sense as so much of our lives have become digital. Our homes’ appliances can be turned on and off on our phones, our credit cards can be scanned from our phones, typing is a corner stone application in public schools. However, the push to digitize your wallet is a step that may be too risky to undertake in American society. Issues that come

In the ever-changing and uncertain world we live in, peace of mind comes at a premium price. The federal government is working hard to fix the current economic crisis. James Crowski, the Senior Counselor of the Economic-Relief Advisory Sub-Committee in United States Senate, is proposing a radical shift in the way Americans interact with money. In hopes of reforming and strengthening the American economy, we propose to replace the primary currency of the United States from coins and paper tender

In a world where the penny is abolished, when a person walks up to the checkout line to pay for a chocolate candy bar the smallest denomination coin in their pocket is a nickel. The price of the transaction could be one dollar and five cents without tax, but if the tax is included it would round to one dollar and ten cents. Customers would have replaced their pockets filled of pennies with pockets of nickels wondering if they could grow accustomed to life without the other coin. The penny, our lowest

There are different ways that coins were used around the Elizabethan time period. One way was through coign (coyne) and a Livery system (Wagner 67). The Livery system was a payment or allowance given to a servant from a lord (Wagner 67). Money was measured by the weight, for example some coins were worth a pound (Olsen 467-480). Coins back then were worth the exact value of the element (Olsen 467-480). The value of the coins changed all the time based on the value of the element at the time (Olsen

In the year 1949, a businessman by the name of Frank McNamara, conceived the world’s first idea for a credit card. The idea was intended for when McNamara went out for an important diner. While he was out, he realized he had left his wallet at home and was unable to pay for the dinner so he needed something that could allow him to come back and pay for the balance later. Overtime McNamara’s credit card idea has evolved into an electronic way of making payments, we now use credit cards to purchase

Demonetization of November 2016 and its Impact in India Abstract: Demonetization refers to the withdrawal of a particular form of currency from circulation. Demonetization is necessary whenever there is a change of national currency. The old unit of currency must be removed and substituted with a new currency unit. The currency was demonetized first in 1946 and second time in 1978. In Nov. 2016 the currency is demonetized third time by the present Modi government. Keywords: Demonetization, Black

The penny was first legalised by the Coinage Act of 1864. But was not printed until 1906 when Abraham Lincoln was the first historical figures portrayed on a United States coin. Back when pennies were first made, the value of the penny was extremely high. But since the time that the penny was first introduced to now, prices have risen by the extreme. With other coins and even dollar bills now, the penny is less likely to be used, except for change. The production of the penny needs to be ended because

The United States Mint is responsible for producing and circulating all coinage for use in economic trade or commerce. However, few are actually aware of the history behind this financial intuition. In the beginning of America’s days as a colony, each state produced its own currency or accepted foreign coins as a means of payment. Massachusetts was the first of the colonies to produce a paper currency, which later gave rise to Continental Currency in an effort to finance the Revolutionary War. However

Charon looked mildly impressed. "I don't suppose you have coins for passage. Normally, with adults, you see, I could charge your American Express, or add the ferry price to your last cable bill. But with children ... alas, you never die prepared. Suppose you'll have to take a seat for a few centuries." "Oh, but we have coins." Percy motioned to me. I quickly realized what he wanted and handed him a few drachmas. He then set four golden drachmas on the counter, part of the stash we’d found in Crusty's