Goldfixing Fonderia e laboratorio analisi preziosi

Currencies of the present and the past

We often use the two words Currency and Money as interchangeable, but the meaning is totally different. Currency is issued by the State and is in circulation in a certain historical period and it will become Money when it will be accepted by the markets.

The 3 main functions of the currency are:

Before the arrival of currencies, in the Middle Age there was a system that was established under the name of “bimetallism”. It provided for the combined use of a silver currency of intermediate value and a gold one of greater value.

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