The money we use has symbols and images on it that communicate information. One part of this are pictorial and symbolic elements that draw attention to aspects of the country that issuer is proud of and that convey the message that it wishes to convey. As one would expect, as regimes change, so...

Telser (1995) and Sumner (1993) argue that the optimal system of denominations of currency would consist of a sequence of denominations that differed from each other by a factor of three. The fact is that today no currency follows the powers-of-three principle. I argue that existing currency...