Currency

 A currency is the most specific us of the word refer to money in any form. Currency are different types such as British pounds, U.S. dollars, India Rupees, and the European euros. Definition of currency in require not be physical objects.  A currency are discussed in their respective synonymous articles such as money, banknote, and coin. In the first stage of currency word use for metal, Then the metal itself being the store of value: first silver, then gold. The copper coins were used for normal everyday transactions , the silver coins were used for normal midsized transactions.  In the 7^th to 12^th centuries innovations were introduced by Traders, Merchants and Muslim economists included the earliest uses of banking institutions for loans and deposits, exchange rates, credit, promissory notes, transactional accounts, loaning, cheques and the transfer of credit and debt. In 1661 paper currency was first introduced on a regular basis in Europe.The paper currency was have many advantages, because it reduced the gold and silver transport, facilitated loans of silver and gold at interest, and it allowed the division of currency. But paper currency also have some disadvantages such as a note has no intrinsic value, paper currency would often lead to an inflationary bubble. In 1900 many industrializing nations were on some form of silver coins, gold standards and the paper notes constituting the circulating medium.