Green money refers to: Money used for ecological purposes (ecocurrency). It is broadly used in the context of green economists, low carbon economy and political Greens. Throughout the Middle East, Green money refers to money from Islamic businesses, Islamic banks, and the religious sector. The European Union did at one time (and may still now) have green money for agricultural accounting. The term should not be confused with the nickname "greenback" for the U.S.
In economics, the term currency can refer either to a particular currency, for example the US dollar, or to the coins and banknotes of a particular currency, which comprise the physical aspects of a nation's money supply. The other part of a nation's money supply consists of money deposited in banks (sometimes called deposit money), ownership of which can be transferred by means of cheques or other forms of money transfer such as credit and debit cards.
The dollar is the name of the official currency in several nation states, including Australia, New Zealand, Canada, the Eastern Caribbean territories, Hong Kong, Taiwan, Singapore, Brunei, East Timor, Ecuador, El Salvador, Panama, Belize, and the United States.
An economic and monetary union is a type of trade bloc which is composed of a single market with a common currency. It is to be distinguished from a mere currency union (e.g. the Latin Monetary Union in the 1800s), which does not involve a single market. This is the fifth stage of economic integration. EMU is established through a currency-related trade pact.
The European Currency Unit was a basket of the currencies of the European Community member states, used as the unit of account of the European Community before being replaced by the euro on January 1, 1999, at parity. The ECU itself replaced the European Unit of Account, also at parity, on March 13, 1979. The European Exchange Rate Mechanism attempted to minimize fluctuations between member state currencies and the ECU.
The South African financial rand system was abolished with effect from 13 March 1995. The financial rand system was instituted on 1 September 1985 in an attempt to control the large outflows of capital from South Africa at that time. These outflows were largely the result of economic sanctions in response to apartheid. The financial rand system provided for two exchange rates for the rand, one for current account transactions, and one for capital account transactions for non-residents.
ISO 4217 is the international standard describing three-letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO).
A Special Drawing Right (SDR) is the monetary unit of the reserve assets of the International Monetary Fund (IMF). The unit was created in 1969 in support of the Bretton Woods system of fixed exchange rates to alleviate the shortage of U.S. dollar and gold reserves in the expansion of international trade. The SDR unit is defined as a weighted sum of contributions of four major currencies, reevaluated and adjusted every five years, and computed daily in terms of equivalent United States dollars.
Gresham's law is commonly stated: "Bad money drives out good", but more accurately stated: "Bad money drives out good under legal tender laws". This law applies specifically when there are two forms of commodity money in circulation which are required by legal-tender laws to be accepted as having similar face values for economic transactions. Gresham's law is named after Sir Thomas Gresham (1519 – 1579), an English financier during the Tudor dynasty.
Commodity money is money whose value comes from a commodity out of which it is made. It is objects that have value in themselves as well as for use as money. Examples of commodities that have been used as mediums of exchange include gold, silver, copper, salt, peppercorns, large stones, decorated belts, shells, alcohol, cigarettes, cannabis, candy, barley etc.
The term representative money has been used variously to mean: a claim on a commodity, for example gold certificates or silver certificates any type of money that has face value greater than its value as material substance. Used in this sense, fiat money is a type of representative money. Historically, the use of representative money predates the invention of coinage.
A dugout or dugout canoe is a boat which is basically a hollowed tree trunk. Other names for this type of boat are logboat and monoxylon. Monoxylon (μονόξυλον) is Greek -- mono- (single) + xylon (tree) -- and is mostly used in classic Greek texts. In Germany they are called Einbaum . Some, but not all, pirogues are also constructed in this manner. Dugouts are the oldest boats archaeologists have found.