The E-Sylum:  Volume 9, Number 1, January 1, 2006, Article 13

DEFINITIONS: PAPER MONEY AND CURRENCY

In a previous 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."

Kavan Ratnatunga writes: "Money is generic to both
Coins and Currency.

Although Currency is used to mean coins and notes
many books have been published on Coins and Currency.
The term currency notes is used, but currency coins
I have never seen used.

In any case note-money is now printed on plastic
in many nations like Australia so the term "Paper Money"
is no longer valid term for that class of Money. I use
the words coins and notes to avoid any confusion."

Steve D'Ippolito writes: "Currency" being misused?  How
about "cash"?  The automated checkouts at Wal-mart and
Home Depot tell you that "cash is dispensed below the
scanner"--meaning the paper money only, as the coins
("change") pop out somewhere else."

  Wayne Homren, Editor

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