Currency money or book money, which are fiat money. Currency money Currency money is money in full circulation that takes its value from the precious metal it contains, that is, its market value is (almost) the value of the metal it contains (apart from the Seigniorage or the minters' profit), though this is always overcompensated for in coins and banknotes from a country undergoing debasement. Currency money is usually made of silver or gold, but in very rare cases plated metal and even copper may be used. Currency money is commodity money, as opposed to coins whose metal value is less than
Khaleeji (currency) Khaleeji (currency) The Khaleeji ( ) was a proposed name for the common currency of the member states of the Gulf Cooperation Council for the Arab States (GCC). The term 'Khaleeji' is Arabic for "of the Gulf", and is traditionally associated with Eastern Arabia's Gulf states. The proposed name was turned down in late 2009, and no official name was later agreed prior to the withdrawal of an agreement for a GCC common currency. Although the name "Dinar" (, from Latin, denarius) has been suggested since it is already used in the Arab world and is mentioned in the Quran