Is there a difference between money and currency?

I always refer to money as the stuff in my pocket or on my bank account. Having lived in Geneva for many years, I was, of course, used to a lot of different currencies.

But I learned about the real difference between currencies when I discovered LETS and professional barter companies with as  “private” currencies vs the “national” or “public” ones we are used to.

This article goes at length into the difference between money and currency and ends by saying “central banks erode – and in some cases destroy – the value of their currencies.

To me, that is the purchasing power of a currency. The money that I save for my pension while I’m in my twenties is worth much more than what I get when I’m old enough. That is the long term effect of compounding interest on interest via National or Public Debts  that must be called a “generational crime”.

Advertisements

2 responses to “Is there a difference between money and currency?

  1. iwant real difference between money and currency

    • Money is singular. Currency is plural.

      Money is the denomination (1, 5, 10, 50). Currency is the name (dollars).

      Currency is issued by a central bank and other monetary and financial institutions. Money is used by consumers, employers, States.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s