Home » Finance » Archive for the ‘Central Banking’ Category

Other Subcategories of the "Finance" Category:

Sort by:

What country coined platinum money?

May 6, 2017 | Author: | Posted in Central Banking

In 1828 the Russian government began the coinage of platinum money. Platinum was produced in considerable quantities in the Ural Mountains in Russia and its general scarcity and great value were not at first appreciated. For many years the Russians considered the metal of such small value that peasants used pots and pans made of …

Comments Off on What country coined platinum money? Tags: , , , , ,

Is part of a ten-dollar bill redeemable at face value?

January 2, 2017 | Author: | Posted in Central Banking

Three-fifths or more of a mutilated United States paper currency bill, note or certificate is redeemable at face value by the United States Treasury Department. When less than three-fifths, but clearly more than two-fifths of the original bill remains it is redeemable at one-half of the face value of the original bill. However, fragments containing …

Comments Off on Is part of a ten-dollar bill redeemable at face value? Tags: , ,