A money changer is a person or organisation whose business is the exchange of coins or currency of one country, for that of another. This trade is generally thought to be the origin of modern banking in Europe. The advent of paper money in the mid-17th century and the development of modern banking and floating exchange rates in the 20th century allowed a foreign exchange market to develop. This provided a way for banks and other specialist financial companies such as bureaux de change and forex brokers to easily change one country's money for another, and with the added confidence of transparency. The 20th century also saw the development of machines that would change money, such as coin dispensers and change machines.
1 History 2 Mechanical device 3 See also 4 References
See also: Cleansing of the Temple
In ancient times in Jerusalem, pilgrims visiting the
A Galoppwechsler (de) (money changing device for manual fare collection).
A money changer (or coin changer or coin dispenser) is a device that changes or dispenses coins. It can take various forms. One type is a portable coin dispenser, invented by Jacques L. Galef, often worn on a belt, used by conductors and other professions for manual fare collection. It dispenses a single coin when a lever is depressed. Another type is a fixed coin dispenser that dispenses several coins at once, such as four quarters or five nickels, for making change at a venue for coin-operated devices, such as a penny arcade, pinball parlor, or Automat. It is typically mounted in a manned booth or counter. A third type, sometimes called a "change maker" or "Automatic Cashier", has an array of 100 or more buttons that dispense exact amounts of change from 1¢ to $1.00. These are typically found at teller windows in banks and sometimes in retail establishments. This type of change maker may also operate electromechanically under control of a cash register, automatically giving correct change for a customer's purchase. See also
The exchange rates list for Malawian kwacha. Note how Traveler's cheques are given a lower value than regular banknotes.
Wikimedia Commons has media related to Money changers.
Wikivoyage has a travel guide for Money & currency exchange.
^ "Dictionary and Thesaurus Merriam-Webster". www.merriam-webster.com. Retrieved 2016-03-19. ^ Raymond De Roover (2008). Money, Banking and Credit in Mediaeval Bruges - Italian Merchant Bankers, Lombards and Money Changers - A Study in the Origins of Banking. Read Books. p. 464. ISBN 978-1-4437-2609-2. ^ Sanders, E. P. The historical figure of Jesus. Penguin, 1993. ^ Ehrman, Bart D.. Jesus, Interrupted, HarperCollins, 2009. ISBN 0-06-117393-2 ^ Martin, Sean (2005). The Knights Templar: The History & Myths of the Legendary Military Order. p. 47, New York: Thunder's Mouth Press. ISBN 1-56025-645-1. ^ Nicholson, Helen (2001). The Knights Templar: A New History. p. 4, Stroud: Sutton. ISBN 0-7509-2517-5.