Currency Board Of Fiji
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Currency Board Of Fiji
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation Circulation may refer to: Science and technology * Atmospheric circulation, the large-scale movement of air * Circulation (physics), the path integral of the fluid velocity around a closed curve in a fluid flow field * Circulatory system, a bio ... as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, Pound sterling, the British Pound Sterling (£), euros (€), Japanese yen (¥), and United States dollar, U.S. dollars (US$)) are examples of (government-issued) fiat currencies. Currencies may act as store of value , stores of value and be traded between nations in foreign exchange markets, which determine the relative va ...
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