backing of banknotes

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• List of British bank notes and coins — List of British bank notes and coins, with commonly used terms.CoinsPre decimalPrior to decimalisation in 1971, there were 12 pence (written as 12d) in a shilling (written as 1s or 1/ ) and 20 shillings in a pound, written as £1 (occasionally L… …   Wikipedia

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• fiduciary issue — Banknotes issued by a central bank without backing in gold, the value of the issues relying entirely on the reputation of the issuing bank …   Big dictionary of business and management

• Legal tender — This article is about the payment medium. For the song, see Legal Tender (song). Legal tender is a medium of payment allowed by law or recognized by a legal system to be valid for meeting a financial obligation.[1] Paper currency is a common form …   Wikipedia

• United States dollar — USD redirects here. For other uses, see USD (disambiguation). United States dollar …   Wikipedia

• Fiat currency — The terms fiat currency and fiat money relate to types of currency or money whose usefulness results, not from any intrinsic value or guarantee that it can be converted into gold or another currency, but instead from a government s order (fiat)… …   Wikipedia

• Inflation — This article is about a rise in the general price level. For the expansion of the early universe, see Inflation (cosmology). For other uses, see Inflation (disambiguation). Inflation rates around the world in 2007 …   Wikipedia

• ECONOMIC AFFAIRS — THE PRE MANDATE (LATE OTTOMAN) PERIOD Geography and Borders In September 1923 a new political entity was formally recognized by the international community. Palestine, or Ereẓ Israel as Jews have continued to refer to it for 2,000 years,… …   Encyclopedia of Judaism