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Bank Negara Money Museum

Dr Zeti touring the Knowing Nusantara: Money That Made The Region exhibition.

BANK Negara Malaysia Museum and Art Gallery’s latest exhibition is titled, “Knowing Nusantara: Money That Made The Region”.

The exhibition, which was launched by Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz at Sasana Kijang, Kuala Lumpur, explores the Malay Archipelago’s history through currency-related objects.

It focuses on the currencies of Malaysia, Indonesia, Singapore and Brunei, along with their long-standing links with various continents in the world.

Visitors to the gallery will be able to view money produced locally and from other parts of the world, along with items salvaged from shipwrecks.

These rarely seen currencies are from the collection of renowned numismatist William Barrett and Bank Negara Malaysia.

A special section showcasing items salvaged from shipwrecks, which are useful sources of information on the money that was in circulation in the past. The Nusantara’s development is explained by connections that began in distant regions such as Rome and Persia, and continued with the early kingdoms of the Malay Archipelago and developed along with the expansion of trade, exploration and colonisation.

In her speech, Dr Zeti explained that money had taken many forms over the millennia, while our region had seen greater diversity than most. “Nusantara was at the centre of this international network, leaving us with a diverse inheritance of numismatic material,” she said.

However, she noted that much of the physical evidence of this global trade had been lost.

Exhibits showing the diverse currencies used in the Nusantara Region.

“Evolution is an intrinsic part of the nature of money — coins have been melted down, misplaced or sometimes incorporated into other items such as jewellery, while bank notes have been destroyed. “We are left with shipwrecks as some of the most useful sources of information on the money that was in circulation in our history,” said Dr Zeti.

The exhibition will be held until Dec 26 at Level 2, Bank Negara Malaysia Museum and Art Gallery.

A museum on money established by the country’s central bank, the Bank Negara Malaysia located in the Sasana Kijang Complex. Here you can learn all about money through interactive and computerised games, as well as interesting facts and information on money. There is an Economics Gallery, Islamic Finance Gallery, Numismatics Gallery and Children’s Gallery. You will also be able to view the Central Banks art collection of renowned Malaysian contemporary artists in the Art Gallery.

Guided tours can also be arranged for groups of visitors from schools, universities and non-profit organisation.

Bank Negara Museum And Art Gallery

Bank Negara Money Museum

Bank Negara Money Museum, called Muzium Matawang Bank Negara in Malay, celebrates the evolution of money at different times in the history of Malaysia. Located within the Central Bank on Jalan Dato’ Onn in Kuala Lumpur, the Bank Negara Money Museum has loads of things to exhibit and please almost every numismatist.

In fact, a casual onlooker would also find this display interesting enough to stop and look for a while. The museum’s main purpose is to act as a depository for the earlier and modern currency of Malaysia.

On 5 April 1989, the Money Museum was inaugurated by the Datin Seri Dr Siti Hasmah Mohamed Ali, in conjunction with the 30th

Anniversary of Bank Negara Malaysia. The Museum boasts of an interesting display of old Malaysian currency, commemorative and rare coins, together with foreign currencies. Here the progression of currency is represented through various artefacts, medals, tokens, coins and banknotes, which were used earlier for trade exchange.

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Museum of American Finance Money Gallery by Elsa Ruiz Date :30 January 2013, 14:47:05

Source :The author Author :Elsa Ruiz

The banknotes collection.

The Foundation is the Paper Money Museum, one of the worlds largest collections of banknotes, since the 18th century to the present day. Seeing these old bills, it is interesting to imagine what one could have bought in the past with those little pieces of paper. Among the banknotes, there is a special emphasis on some counterfeit bills made by Alves dos Reis, an infamous Portuguese scammer, that shocked the whole country in 1926. The Foundation has a special affection for financial history, and their educational services are very targeted to the didactic and pedagogical actions in this matter.

British Museum’s new money gallery

The Ashmolean Money Gallery

Coin Cabinets in the Ashmolean Money Gallery Strong Room

The Ashmolean is more than a tourist attraction. Here, young archaeologists, historians and numismatists are trained. This room is the place for numismatic studies. It is located next to the strong room, where the extensive coin collection is stored under conservationally ideal conditions.

The Royal Mint also helped by making an enlarged version of the Oxford crown of Charles I, an interactive feature of the gallery. An electrotype copy of the genuine specimen in the Royal Mint Museum’s collection was scanned and the enlarged version was cut on one of the engraving machines before being passed to the Ashmolean’s team of designers.

The Ashmolean Money Gallery

Stories on Money

This exhibition invites visitors to explore the development and meaning behind American coinage and currency. “Stories on Money” demonstrates the interplay among people, money and history, from the earliest times to the present day. The main section of the exhibition, "America's Money," shows what money looked like in Colonial America and at pivotal times, including the Gold Rush, Great Depression and in the current era. Visitors will

compare the coin designs of the 19th century with those produced during the renaissance of American coinage in the early 20th century. The section called “The Power of Liberty,” presents an array of coins from the United States and the world depicting Liberty, the feminine personification of freedom; coins with real and mythological women are also featured. The exhibition draws from the Museum's National Numismatic Collection, which consists of more than 1.5 million objects, including coins, medals and paper currency and preserves the role of money in economic history.

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History Of Money

The history of money concerns the development of means of carrying out transactions involving a physical medium of exchange. Money is any clearly identifiable object of value that is generally accepted as payment

for goods and services and repayment of debts within a market or which is legal tender within a country.

Many things have been used as medium of exchange in markets including, for example, livestock and sacks of cereal grain (from which the Shekel is derived) – things directly useful in themselves, but also sometimes

merely attractive items such as cowry shells or beads were exchanged for more useful commodities. Precious metals, from which early coins were made, fall into this second category.

Money

Money is historically an emergent market phenomenon establishing a commodity money, but nearly all contemporary money systems are based on fiat money.[4] Fiat money, like any check or note of debt,

is without intrinsic use value as a physical commodity. It derives its value by being declared by a government to be legal tender; that is, it must be accepted as a form of payment within the boundaries of

the country, for "all debts, public and private".[6] Such laws in practice cause fiat money to acquire the value of any of the goods and services that it may be traded for within the nation that issues it.

The money supply of a country consists of currency (banknotes and coins) and bank money (the balance held in checking accounts and savings accounts). Bank money, which consists only of records

(mostly computerized in modern banking), forms by far the largest part of broad money in developed countries.

Client

Bank Negara Malaysia

Background-Bank Negara Malaysia (BNM; literally National Bank of Malaysia, officially Central Bank of Malaysia) is the Malaysian central bank. Established on 26 January 1959 as the Bank Negara Malaya, its main

purpose is to issue currency, act as banker and adviser to the Government of Malaysia and regulate the country's financial institutions, credit system and monetary policy. Its headquarters is located in Kuala Lumpur,

the federal capital of Malaysia.

The bank is active in developing financial inclusion policy and is an important member of the Alliance for Financial Inclusion.

The institution co-hosted the AFI Global Policy Forum (GPF) in 2013 in Kuala Lumpur, Malaysia.

England-Ashmolean Musrum

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