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Shell money is a medium of exchange similar to coin money and other forms of commodity money, and was once commonly used in many parts of the world. [1] Shell money usually consisted of whole or partial sea shells , often worked into beads or otherwise shaped.
Monetaria moneta, common name the money cowrie, is a species of small sea snail, a marine gastropod mollusk in the family Cypraeidae, the cowries. [1]This species is called "money cowrie" because the shells were historically widely used in many Pacific and Indian Ocean countries as shell money before coinage was in common usage.
In parts of Asia, Africa and the Middle East, Monetaria annulus, the ring cowry, so-called because of the bright orange-colored ring on the back or upper side of the shell, was commonly used as shell money much like Monetaria moneta. Occasionally the ring part on its back would be hammered away, making it nearly indistinguishable from other ...
The Classical Chinese character for money originated as a stylized drawing of a Maldivian cowrie shell. [10] [11] Words and characters concerning money, property or wealth usually have this as a radical. Before the Spring and Autumn period the cowrie was used as a type of trade token awarding access to a feudal lord's resources to a worthy vassal.
Old Chinese Currency used in 1920–23. This currency was also used in Hunza state.. The use of shell money is attested to in the Chinese writing system.The traditional characters for 'goods' (貨), 'buy/sell' (買/賣), and 'monger' (販), in addition to various other words relating to 'exchange', all contain the radical 貝, which is the pictograph for shell (simplified to 贝).
Money market accounts (MMAs) Money market funds (MMFs) Provider. Banks and credit unions. Investment firms and brokers. Insurance. FDIC or NCUA up to $250,000
The Federal Reserve regularly prints new money, and the government regularly spends it, resulting in a continuous inflationary cycle. Inflation typically goes up by 2% per year, resulting in more ...
Societies in the Americas, Asia, Africa and Australia used shell money—often, the shells of the cowry ... Bank money, or broad money (M1/M2) ...