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Author Archives: Gboliwe Chukwuemeka

Coins and Banknotes: What You Should Know

  • Sometimes we condescendingly call our money “pieces of iron” and “pieces of paper”, but they are not as simple as they seem. We’ll explain what money is composed of and how to care for it so it lasts for years, as well as what to do if it wears out, how to spot fakes, and where to flee if you come across questionable money.

     

    What kind of money is currently circulating in Russia?

    Over the past 500 years, Russia has experienced more than 10 monetary reforms. As a result, the silver kopeck was the biggest monetary unit towards the end of the 17th century. The biggest denomination in Soviet residents’ wallets following the monetary reform of 1961 was a hundred-ruble banknote, while the most substantial coin was 1 ruble. Today there are more denominations of coins and banknotes, and almost all of them exist in several versions – depending on the year of issue. They are all equally solvent. Now we have bills issued mainly in 2004 and 2010. The rest are gradually decaying and being withdrawn from circulation.

    What is money made of?

    The main requirement for the material of banknotes is strength. Plain paper, which is made from wood, is not suitable for them. Mainly cotton fibers are used for the production of banknotes. By its composition, it is almost pure (96–98%) cellulose, which is distinguished by its whiteness, elasticity, and high strength.

    Why do coins of the same denomination look different?

    In addition to the usual coins that rattle in our wallets and pockets, there are also commemorative and investment coins. Commemorative coins are usually issued by the Bank of Russia for some important events (the Olympics in Sochi, the World Cup) or historical dates. On coins of different series, you can find Russian architectural monuments, portraits of artists, writers, and musicians, even animals listed in the Red Book.

    Investment coins

    are made from gold and silver of the highest standard. Previously, they were also produced from platinum and palladium. As the name suggests, this is a method for conserving and growing wealth – in this case, precious metal assets “packed” in tiny form. The value of such coins is hundreds of times more than their face value, and it fluctuates daily. Commercial banks can purchase precious coinage.

    Commemorative and investment coins

    Are not only expensive but also look beautiful – with matte relief on a mirror field, selective gilding, colored enamel, laser engraving and inlaid with precious and semi-precious stones. Not sure what to give to people who already have everything? That kind of money will be a good present.

    What to do if a fake is caught?

    Do not accept such a bill if you have even the smallest doubt. If it has already made its way into your wallet, call any commercial bank; they will provide free advice. Perhaps the banknote will be a little scruffy, but it will be real. You will replace it with a new one in this scenario. If the bank’s specialists think that this is a forgery, they will send it to the Bank of Russia for investigation. The counterfeit bill will be handed over to law enforcement agencies, and if it is found to be genuine, its value will be transferred to your account. By the way, you can visit for more information about the laws.

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    Coins And Banknotes 海外Fx ランキング

  • Foreign exchange trading refers to the buying and selling of foreign for domestic book money or for other currencies, e.g. bank balances, bills of exchange or checks. People often check 海外fx ランキング before trading.

    Coins and Banknotes: 海外Fx ランキング exchange market

    On the foreign exchange market supply and demand for a currency come together. And exchange rates are determined at which trading takes place. A distinction is made between spot currency trading, in which the exchange transactions are carried out immediately, and forward currency trading, in which an exchange rate is set when the transaction is concluded, but the transaction is processed in the future.

    Coins and Banknotes: Risk coverage of 海外Fx ランキング trading

    Against this background and with a view to occasional currency crises, it is sometimes criticized that the large volume of global foreign exchange trading is primarily characterized by destabilizing speculation. However, many forex market transactions, on the contrary, have to do with risk hedging. For example, many export transactions or securities investments are hedged against currency fluctuations via the currency futures markets. In addition, the banks shift larger financial to other business partners at the international level because they fit better into their risk calculation.

    Coins and Banknotes: More complex 海外Fx ランキング transactions

    In addition, when exchanging two currencies that are not directly traded with one another, several transactions are necessary in order to finally get from one currency to the other. As a consequence, every cross-border trade between companies is followed by six to ten transactions between banks, according to estimates by the International Monetary Fund.

    Banknotes or coins: Difference between sorts and currencies

    All foreign currencies that are available in the form of cash are referred to as sorts. This means that there are always sorts when you receive foreign currency either as banknotes or coins. In contrast, the foreign exchange also denotes a foreign currency, but in this case, the foreign means of payment exists exclusively as so-called book money. This means that it is not about cash, but so-called money substitutes are used. This primarily includes balances on foreign accounts, checks and also foreign securities are among the currencies.

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    Is It Worth Investing In Cryptocurrency?

  • In recent months and years, there have been critics questioning whether it is still worth investing in digital currencies.

    The interest rate crisis has dealt a heavy blow to many investors, who have had to suffer huge losses due to the economic downturn. If you are looking for profitable investments during a crisis, you will usually encounter Bitcoin and corporate investments. But many investors doubt whether investing is still profitable these days. Anyone who thinks they are missing out on the right time and is worried about losing a lot of money due to investing in digital currencies should first fully understand the current development of cryptocurrency.

    Is Bitcoin A Good Investment?

    The worry that the initial budget is not enough for investment can usually be quickly eliminated. Therefore, the disappointment that the train was delayed is completely unfounded when Bitcoin is still able to obtain high returns. Because even today, the cryptocurrency market continues to provide investors with promising potential returns. Likewise, continuing to invest in the cryptocurrency foreign exchange market may be profitable. However, especially beginners should have enough knowledge and do not invest without plans and strategies.

    Collect enough information before investing

    Whether it is in the stock market, foreign exchange market, or cryptocurrency, the risk is high for those who have not obtained enough information before investing. Therefore, investors should fully understand the Bitcoin market in advance in order to invest their funds safely and profitably. Join forums and other transparent communications on cryptocurrencies. With this approach, investors will gain greater transparency when entering the digital market. Because in order to find the right time to buy and sell bitcoin stocks, it is important to understand price trends.

    Price fluctuations lead to winners and losers in the digital market

    The price of Bitcoin is very dynamic with daily fluctuations of up to 20%. Therefore, investing in Bitcoin is still a highly speculative business. Beginners should start small to familiarize themselves with the digital market. Unlike the stock market, it is difficult to predict fluctuations. Because Bitcoin and companies are a decentralized economic system, their operations have nothing to do with actual economic development.

    Bitcoin transactions can be very complicated

    Bitcoin cannot be put in a savings bag or transferred to a checking account at all. Therefore, the digital market has all its own financial rules. Because the storage of encrypted currency requires the so-called E-wallet, which acts as a kind of digital wallet. Therefore, all transactions are made from your own wallet, so the owner can only prove here how much Bitcoin share they actually own. The digital wallet is also encrypted to prevent fraudulent theft of your wallet. Also, worth mentioning is the Bitcoin Mixer Service which makes the entire process more complex as it already is.

    Take the advice of a professional, read more about practical tips to help you invest in the digital market. In this regard, it is still possible to start trading Bitcoin however necessary caution should be taken in order to generate returns.

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    The Value of Old Coins and Banknotes on Singapore

  • The Orchid series of Singaporean money notes is included in the country’s first currency circulation. Initially, they were launched in 1967. But, how much is this old currency of Singapore really worth? Do they still have value these days?

    How to know the Value of Old Singapore Notes

    Generally, there are several factors that need to be considered to determine the value of old Singapore notes to have maximum value. Check the following factors below:

    Age of notes

    If you hand an old Singapore note, then lucky for you. Moreover, the older it gets the better for you because it gets more value. Example is the Malaya and British Borneo dollar which are both currencies of Singapore, Malaya, Brunei and Borneo before the independence day of Singapore in 1967. These currencies have $10 notes which have a value of $1,068 today.

    Available in running serials

    Most collectors of coins and different banknotes, it is always better for them to have the full set of the running series. However, this is very rare to find like the old Orchid Series. Yet, it has a face value of $191 which could be sold for a price of $1,200. Also keep in mind that the running serials will also call for a higher price value too.

    Coins and banknotes condition

    Basically, when you have Singapore coins and banknotes that are in good condition they always call for a higher price. Usually, those that are uncirculated or have really no damage in handling like folds, cuts or stains have great value. Also add to this the running serial numbers of the uncirculated banknotes which gives extra worth. They will actually get a 90% increase on its worth.

    Banknotes paper grades

    Usually, collectors want to have banknote collections that have high quality grade of banknotes paper. Typically, it is graded by the Paper Money Guaranty or PMG.

    Paper Money Guaranty or PMG is a third-party service of paper money grading.

    Remember, in order to make your old banknotes to have value, it must be graded and sealed. Moreover, it should also be certified to increase their value. 

    Example is a Singapore banknotes Bird Series that have PMG grading. Its ordinary value is $186. But, mind you, the asking price is $3,680.

    Rarity

    The rare the denominations, the greater worth it gets. Actually, there are even rare coins that you wouldn’t believe will make you rich. For example is a $25 Orchid series note which is actually a rare one. The ungraded one for this series worth $105.

    Differences of Each Money Type

  • Primarily, money is the number one medium for all trade system of goods and services. Even in the virtual world, things that can be classified as money in case it is able to perform the major roles of money like medium of trade, stocks value, and the account unit. Knowing this, it is very evident that there are different money types available in history and earn an old coins and banknotes

    Four Major Types of Money

    Here is a summary of the differences of each money type:

    Money Type #1: Commodity Money

    This type of money is the simplest and generally the oldest one. From the scarce resources, commodity money represents as a medium of exchange, stocks value, and an account unit. The barter system is where commodity money originates. Moreover, the barter system and commodity money operates in the same way in which either the goods or services can be exchanged for other goods and services as well. However, what’s note-taking with this type of money is that the intrinsic value of the commodity is its real value.

    Gold coins, shells, beads, and spices are some of the examples of commodity money.

    Money Type #2: Fiat Money

    Unlike commodity money, fiat money’s value comes from the order of the government. It simply means that fiat money is defined as a legal note by the government which should be accepted by the people and the establishments of the country as a mode of payment. Failure to comply with this may be subjected to fine or imprisonment. Furthermore, the intrinsic value of the fiat money is relatively lower than to its face value. Also, the fiat money’s value comes from the connection of the supply and demand. This money type is generally utilized by most of the modern day economies. Coins and bills are the most common examples of fiat money.

    Money Type #3: Fiduciary Money

    Fiduciary money is not allowable as a means of payment by the government unlike the fiat money. Person who issues fiduciary money commits to exchange it for either fiat money or commodity money in case the recipient may request for it. Fiduciary money may include banknotes, cheques, or drafts

    Money Type #4: Commercial Bank Money

    The type of money that can be used as claims against financial establishments giving assistance, like that of the one handled by the bankruptcy attorney San Diego, is called as the commercial bank money. This money type can be utilized in exchange for purchasing the goods and services. Commercial bank of money is generally produced using the fractional reserve banking which is typically debt generated. 

    Cannabis Coins for Cryptocurrency

  • The division of the cryptocurrency for cannabis has never shorten out. There are generally few marijuana-based cryptocurrencies penetrating the weed stocks. Below are some of the cryptocurrencies that invade the cannabis market.

    Weed Coins for the Cannabis Stocks

    See here the list of the weed-based currencies that could be used to purchase cannabis items at https://www.stocktrades.ca/top-marijuana-stocks-cannabis-stocks/ and define the strong points and downsides of each. It also defines why Bitcoin market is volatile.

    1. HempCoin (THC)

    HempCoin is a cannabis currency that cater a reliable network currency. During 2017 when it transferred to the Komodo (KMD) blockchain, HempCoin gives positivity along the implementation of privacy processes and featured services. Running for five years in the cryptocurrency business, stakers can earn for almost 5% with this weed-coin system.

    HempCoin has an ultimate goal of providing solutions for the absence of industrial hemp business banking and financial services.

    2. CannabisCoin (CANN)

    This weed coin cryptocurrency was planned to launched with its partner medical-grade cannabis items. CANN is the cheapest weed coin having a price rate of $0.01. Even if it reach its peak of $0.60, this rate would still be the cheapest rate of cannabis coin. The CANN became the first ever point-of-sale currency representations for marijuana-based purchases.

    3. DopeCoin Gold (DOPE)

    DOPE is both a cryptocurrency and a blockchain for the marijuana industry. The goal of this weed coin is to cater secure and technological way of doing cannabis business nowadays. DopeCoin Gold is considered as the front liner and the center in the payment mode for cannabis industry.

    4. Paragon (PRG)

    Paragon is the next in line monitoring software for cannabis sales depending on blockchain system. After its derailing by the SEC, PRG is very proud that it serves as the token included in the SEC. Moreover, it was also granted the chance to engage into this kind of marketplace.

    5. PotCoin (POT)

    Being included in the frontrunners in the crypto industry, the value of POT heightened to 8,471,366%. This cannabis coin make a relevant savings on the cost, security, and scalability. The PotCoin is a currency for buying marijuana paraphernalia at different online shops. One great scenario that get the publicity of PotCoin on the rise is the appearance of Dennis Rodman wearing PotCoin shirt.

    6. Other cannabis-cryptos

    Budbo (BUBO) – another solution to fund the cannabis business using the blockchain system
    Tokes (TKS) – this serves both as a blockchain service and crypto payment option for marijuana business
    Cannation (CNNC) – this weed coin is recorded having the value of $1 trade volume within the YoBit exchange.

    Earn on Old Coins and Banknotes

  • Since the introduction of the euro in 2002, you may wonder how much you have left in old guilders, francs and German marks. You may find old money in the attic that you have saved after a vacation. You may also own old coins or old notes as part of a collection. If you have in safekeeping old notes and coins, you may not need to take out a loan after all as you can actually earn from these very old notes and coins.

    OLD DOLLAR BILLS WORTH MONEY

    The value of old money depends on 4 factors. Read about it further below.

    1. Money that Was Recently in Circulation

    Do you still have Dutch banknotes from the time of the guilder? The value of old money from the time before the introduction of the euro is still the same. The best way to exchange that old money is at the Nederlandsche Bank. These old banknotes are exchanged for a value of 0.45378 euros per guilder. For an old 100-guilder note, you can expect around 45 euros. Unlike a money exchange office, De Nederlandsche Bank does not charge costs for exchanging old money.

    Old banknotes from other euro countries can be exchanged at the central banks of those countries. Keep that in mind when you go on vacation to France, Belgium or Germany for example. Unfortunately, coins are no longer exchangeable in most euro countries.

    At the moment there is still a lot of old currency dust to collect in attics and cupboards. There are millions of banknotes and coins that have never been returned.

    2. The ‘Age’ of the Old Mint or the Ticket

    Old coins and banknotes from 100 years ago are of course worth much more than the guilders or francs in circulation just before the euro was introduced. A medieval or Roman coin is so rare that it has historical value for collectors.

    Does the old coin have a date? Then you know about how old he is. But until a few hundred years ago, coins usually had no date. Then you need an expert who can tell you where and when the coin was minted.

    3. The Condition of the Old Money

    Is the coin damaged or relatively intact? The older the coin, the greater the chance that it has been damaged by use or oxidation. If you find an old coin from hundreds of years ago that is still in good condition, then this coin has much more value.

    4. The Rarity of the Currency or the Note

    value of old money – selling the value of old money also depends on the number that still exists. Some coins or bills are old and in good condition, but not rare. It is possible that other collectors have the same type of coin or banknote. This can happen, for example, with coins and banknotes, many of which were made in the past when they were in circulation.

    If you want to know the value of old money, you can ask a coin dealer, jeweler, or a gold dealer. If they are interested you can also immediately sell the old coins or notes. But it can also be wise to keep the old money. The value of old money is steadily increasing every year. Old coins or banknotes are a good long-term investment: you can easily keep them, they are portable, and you can sell them at any time. That makes old money a stable and liquid investment.