The E-Sylum:  Volume 8, Number 54, December 25, 2005, Article 13

DEFINITIONS: PAPER MONEY AND CURRENCY

In our last issue, Fred Schwan wrote: "One of my pet
peeves (and it really drives me crazy) is the use of the
word currency to mean paper money. Currency is the money
in circulation--both struck and printed."

Michael Schmidt writes: "Probably one of the major abusers
he would like to have words with would be the U S Government.
In all of their laws and regulations (at least through 1965)
when they mean them to apply to paper money they use the
term currency.  If they mean coins, they say coins.  They
never use the term currency to mean both coins and paper
money."

  Wayne Homren, Editor

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