Anatomy of the Banknote {awesome|amazing|Great|Special}

A banknote is a promissory note made by a bank, payable to the owner of the note and is considered legal tender (along with coins). While currency has taken many forms over the course of time, banknotes were first developed in China during the 7th century. The heavy bulk of coin had become cumbersome and unsafe, so the merchants of the Tang Dynasty came up with a sort of receipt that represented coinage. The ‘receipt’ evolved into paper money. It took seven hundred years for the concept of paper money to find its way to Europe, and another three hundred years for bank notes to begin circulating outside of China.

The transition between ‘receipt’ and legal tender was fraught with problems. The first bore nothing more than a picture depicting merchants, and a certain number of coins that corresponded with the amount represented. Printing up bogus copies would have been easy enough for anyone with a printing press. To be clear, in the days of the 7th century, printing presses were not exactly household items. On the other hand merchants, wholesalers and moneylenders made up the wealthier members of society and could definitely afford to source one out. Plus, they would be the most likely people to benefit from making counterfeit promissory notes. Members of the reigning dynasty eventually took over the production of banknotes and the general population began to recognize their usefulness.

Since the bank note first came into use, it has been printed on a variety of materials. Some are predictable, others are not so easy to recognize. The first Chinese banknotes were printed on paper made from mulberry bark. Today, there are some denominations of Japanese banknotes that contain the same material. Wooden bank notes have been used several times in history, and not just paper made from wood – actual pieces of wood.

In Canada, during Pontiac’s Rebellion in 1763, the Hudson’s Bay Company issued wooden bank notes. In Bohemia wood checkerboard pieces were used as banknotes in 1848. Even more curious was the use of playing cards as banknotes several times in history. France, French Canada, the Isle of Man and Germany all have records of playing cards as banknotes. During times of war, when banknotes were hard to come by, it was not uncommon for reigning monarchy to issue banknotes from the battlefield – made of animal skin. For example when Russia still held administrative control of Alaska, banknotes made from sealskin were issued.

Some of the more common materials used for banknotes are linen, abaca, cotton paper and silk. On a global scale, the most common material is either polymer or cotton paper with silk threads embedded into the cotton. Of course, no matter what the base material is, the paper is always made in a manner that makes it more resilient. The banknote needs to be able to resist tearing, smearing, fading and disintegrating in liquid for at least two years. Many mints now infuse the paper with a special formulation of alcohol to give it extra strength. Polymer banknotes are made from biaxially-oriented polypropylene, which is a very thin and pliable plastic.

The biggest benefit of the polymer banknote is its durability. However, when combined with state of the art security features commonly used today, the polymer banknote becomes virtually impervious to counterfeiting. To date, the following countries are the only ones to circulate polymer banknotes: Australia, Bangladesh, Brazil, Brunei, Chile, Costa Rica, the Dominican Republic, Guatemala, Indonesia, Israel, Malaysia, Mexico, Nepal, New Zealand, Papua New Guinea, Romania, Samoa, Singapore, the Solomon Islands, Sri Lanka, Thailand, Vietnam, and Zambia. Nigeria and Canada have laid out plans to begin issuing polymer banknotes in the near future.

The above list of countries already circulating polymer banknotes omits a few significant nations. The US, the UK, France, Germany, Spain, China and Japan are all world super powers whose currency is traded far and wide but have chosen to incorporate alternative counterfeit protection devices. Watermarks have been included in the banknote making process for many years. They usually bear the image of a national figure pertinent to the history of the country. Security threads are another common security feature. Although a thread in a banknote may look fairly mundane, they are actually quite complicated components. The usually contain fluorescent elements, have metallic features, are magnetic and bear micro printing of national slogans.

The banknote is definitely not what it used to be. From a monochromatic mulberry bark parchment to a multi-colored slip of plastic, the banknote has become a statement of the world’s advancements in technology. Next time you withdraw money from the bank, take a moment to investigate the banknotes. They are more than just a promissory note.



Source by Donald Berger

Easy Way to Set Up a Membership Website {awesome|amazing|Great|Special}

Hearts up to you, if you have decided to set up a membership website. There are lots of methods to do that. Setting up a traditional membership website requires lot of time and effort plus a substantial investment. You can go for less complex membership sites like Fixed-Term Membership sites if you are a beginner to make the most out of your website in a short time.

What Are Fixed-Term Membership (FTM) Websites?

These are membership websites which give a lesson for subscription a particular amount of time. For example, if you become a member in a FTM site which teaches you how to write a book or repair a car, it will provide you certain lessons each week. The website will coach you from the basics of writing or choosing heading until the methods of approaching your publisher and getting it printed in 20 or 30 lessons.

Advantages of FTM Sites

These sites are very much different from the traditional membership sites.

1. First they do not require any complex programming and they can be setup in a very short period of time.

2. Since they cater to the specific needs of a certain group of people, they can concentrate on one subject. They do not have the pressure to meet the versatile needs of various customers.

3. They do not need extensive updating like the traditional websites. Many FTM sites get updated once in a week with one single article.

4. The customers will have a sense of satisfaction that they know A-Z detail about the topic they have subscribed to. You can earn a lot by providing suitable external links and ads on these sites.

5. For example, if it is a FTM site referring to car repair, you can give links to all famous car repair stores and publish the ads of car spare parts store in your website. You can get the ads easily by showing how many subscribers you have.

6. Since the customer pays only one time or twice during the course setting up one recurring billing processor will do. There is no hassle of collecting money every month and the payment being delayed issues.

7. FTM websites are easy to maintain as they are require minimum amount of work. So a person can maintain two or more FTM sites at the same time.

Conclusion

There is no denial that traditional membership websites are a constant source of income when compared to FTM sites. But if you are a beginner and want to get the hang of the business and make some quick bugs, FTM sites are the best way to start. You can always progress to set up traditional membership websites in course of time.

To know more about FTM sites visit our website: Membership Websites



Source by Naga Nandini