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General minimum wage by territory, as of February 2023. This is a list of the official minimum wage rates of the 193 United Nations member states and former members of the United Nations, also including the following territories and states with limited recognition (Northern Cyprus, Kosovo, etc.) and other independent countries.
Money serves three purposes: a store of value, a medium of exchange, and a unit of account. [107] According to The Economist in 2014, bitcoin functions best as a medium of exchange. [107] In 2015, The Economist noted that bitcoins had three qualities useful in a currency: they are "hard to earn, limited in supply and easy to verify". [108]
Its currency, the pound sterling, is the fourth most-traded currency in the foreign exchange market and the world's fourth-largest reserve currency (after the United States dollar, euro, and yen). [262] Sterling was the 2nd best-performing G10 currency against the dollar in 2023 with a gain of about 5%, with only the Swiss franc performing better.