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A currency in the most specific sense is money in any form when in use or circulation as a medium of exchange, especially circulating banknotes and coins. A more general definition is that a currency is a system of money in common use, especially for people in a nation. Under this definition, U.S. dollars (US$), euros (€), Indian rupee (₹), Japanese yen (¥), and pounds sterling (£) are examples of currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are defined by governments, and each type has limited boundaries of acceptance.

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Organizations relating to Currency

Oriental Numismatic Society / London, UK / Est. 1970
International Payments Framework Association / Est. 2010
European Association of Central Counterparty Clearing Houses / Est. 1991
International Banknote Designers Association / Lausanne, Switzerland
PAN-Nordic Card Association / Malmö, Sweden
West African Monetary Institute / Accra, Ghana / Est. 2000
Comité monétaire de la Zone franc / Paris, France / Est. 1952
European Payments Council / Brussels, Belgium / Est. 2002
Voorburg Group on Service Statistics / Oslo, Norway / Est. 1986
Eurogroup / Est. 1997
Single Global Currency Association / Newcastle ME, USA / Est. 2003
Zone franc / Paris, France / Est. 1939
Multilateral Monetary Area / Est. 1974
European Economic and Monetary Union / Brussels, Belgium / Est. 1999
Arab Monetary Fund / Abu Dhabi, United Arab Emirates / Est. 1976
Conférence des ministres des finances des pays de la Zone franc / Paris, France / Est. 1964
Banque des Etats de l'Afrique centrale / Yaoundé, Cameroon / Est. 1972
Pays africains de la Zone franc
West African Monetary Zone / Accra, Ghana / Est. 2000
South Asia Foundation / Delhi, India / Est. 2000
European Stability Mechanism / Luxembourg, Luxembourg / Est. 2012
Climate Bonds Initiative / London, UK
Common Bond Institute / Climax MI, USA / Est. 1990
Europees Genootschap voor Munt- en Penningkunde / Aalst, Belgium / Est. 1950
International Bureau for the Suppression of Counterfeit Coins / Brussels, Belgium / Est. 1975
Making Cents International / Washington DC, USA / Est. 1999
Coordination Committee on Multilateral Payments Arrangements and Monetary Cooperation among Developing Countries / Geneva, Switzerland / Est. 1978
Union monétaire Ouest africaine / Est. 1962
East African Currency Area / Est. 1922
Rouble Zone
Latin Coin Union
Scandinavian Coin Union / Est. 1873
European Community Biodiversity Clearing House Mechanism
European Council for Payment Systems / Est. 1978
West African Currency Board / Est. 1913
Universala Ligo / Est. 1942
European Payments Union / Est. 1950
COMESA Clearing House
Agreement Concerning the Collection of Bills, Drafts, 1957 / Est. 1957
Money Orders and Postal Travellers Cheques Agreement, 1979 / Est. 1979
Giro Agreement, 1979 / Est. 1979
Provisions for a Unit of Account and Adjustment of Limitations of Liability / Est. 1982
Convention for the Unification for the Law of Bills of Exchange and Cheques / Est. 1912
Convention for the Settlement of Certain Conflicts of Laws in Connection with Cheques / Est. 1931
Inter-American Convention on Conflict of Laws Concerning Bills of Exchange, Promissory Notes and Invoices / Washington DC, USA / Est. 1975
Agreement Concerning Transfers to and from Postal Cheque Accounts, 1957 / Est. 1957
Protocol Amending the International Convention for the Unification of Certain Rules Relating to Bills of Lading / Est. 1979
United Nations Convention on International Bills of Exchange and International Promissory Notes / Vienna, Austria / Est. 1988
Collection of Bills Agreement / Est. 1984
Convention Regarding Booklets of Travellers' Postal Vouchers in the Relations between Denmark, Finland, Iceland, Norway and Sweden / Est. 1937

View all profiles (174 total) in the Yearbook of International Organizations

World Problems relating to Currency

From the Encyclopedia of World Problems and Human Potential

Dependence on social welfare
Unethical practices in forestry
Unethical practices in the public sector
Unmeaningful relationships to place
Unethical practices of government leaders
Unethical practices of philanthropic organizations
Evasion of social costs by companies
Denial of rights to wounded military personnel
Arrears in financial payments between government agencies
Conflicting laws concerning bills of exchange and promissory notes
Conflicting national laws governing cheques
Devaluation of money
Counterfeit money and government securities
Misappropriation of public funds
Unethical practices of public service employees
Underpayment of teachers
Student debt
Return of purchases
Failure of computer billing
Foreign currency manipulations in accounting records of transnational corporations
Foreign exchange reserve shortages
Unethical practices of national defence industries
Deterioration in external financial position of countries
Circumvention of duties and assessments
Profit-oriented interest payments

Action Strategies relating to Currency

From the Encyclopedia of World Problems and Human Potential

Clearing land mines
Creating secured payment systems for internet work
Relating to place
Developing own currency
Creating local currency systems
Establishing clearing houses for environmentally sound technology
Taxing currency speculation
Developing global currency
Paying attention
Clearing unsightly debris
Providing checks on societal decision-making
Acting as information clearing house for nonprofit organizations
Protecting against environmental hazards from logging
Clearing unused land
Providing multilateral financial assistance
Cancelling international debt
Guaranteeing minimum wage
Issuing currency
Taxing drink containers
Extending friendship
Devaluing currency
Serving as information clearinghouse
Revaluating currency

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