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Modern Foreign Exchange

Modern Foreign Exchange

32904914
1175 руб.
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Описание
Excerpt from Modern Foreign Exchange: Monetary Systems, Intrinsic Equivalents, and Commercial Rates of Exchange, of All Countries and Their Relation to United States Money

The first edition of this book appeared a few months before the European War disturbed the entire financial structure of the world.

Since then very few technical changes have been made in the monetary systems. Only four countries, China, Colombia, Salvador, and Turkey, have put in operation new laws relating to money. In this edition they are mentioned accordingly.

During the war several countries have issued different forms of subsidiary money to cover local needs of circulation. Iron, zinc, and aluminum coins have been issued in some of the belligerent and even in some neutral countries. Also other tokens printed on paper and cloth. All have more or less served their purpose for the time being and are supposed to be redeemed hi current money as soon as conditions become normal.

They have not changed in the least the technical conditions of money in any country nor have they had any influence on their foreign exchanges. They will serve more as a good supply of specimens for numismatists and collectors of curiosities.

The great change, however, that the world has experienced is not so much technical as practical.

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