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A currency guaranty is in a broad sense, the Constitution and Rules of the entire monetary system of one country, is related to the particular setting of the Mint and staff in the currency area. The currency area is the scope of a currency. It enables the transfer of products and services. Regularly the term is employed synonymously for the currency recognized by the State sort of cash. Currency is so a subtype of the cash. Most currencies are traded on global foreign exchange markets. The resulting price is there described as an exchange. Almost all major currencies based primarily on the decimal system, which means there is a main unit and a subunit with the subunit represents 1 / a hundred of the value of the main unit.

Is a worldwide trade and currency convertible, it is spoken by their convertibility. Is a global trade and currency convertible, it is spoken by their Convertibility. Does one currency with gold and / or silver and is the conversion of notes into the respective metal at any time, so in this context given convertibility. Does one currency with gold and / or silver and is the conversion of notes into the respective metal at any time, so in this context given Convertibility.

If a currency lost much of confidence within the population, it will frequently substitute currencies such as cigarettes ( eg, Marlboro currency in Germany after WW2 ), which then serve as payment and exchange. Even supposed emergency money is used in times of crisis as a substitute for official currency. Even supposed emergency money is used in periods of crisis as a replacement for official currency. Frequently the currencies of other nations to substitute currency. A well-known example is the use of “Westmark” in the GDR rather than the DDR-Mark. In particular, the so-called “blue tiles” ( a hundred DM bills ) were a popular medium of exchange on the black market.

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