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Roman currency names survive today in many countries via the Carolingian monetary system, such as the dinar (from the denarius coin), the British pound (a translation of the Roman libra, a unit of weight), the peso (also a translation of libra), and the words for the general concept of money in the Iberian Romance languages (e.g. Spanish dinero ...
Roman economy. Solidus depicting Constantine II, and on the reverse Victoria, one of the last deities to appear on Roman coins, gradually transforming into an angel under Christian rule [1] The study of the economies of the ancient city-state of Rome and its empire during the Republican and Imperial periods remains highly speculative.
Roman finance. Ivory bankers' tallies used to seal bags of denarii that were checked for weight and purity of silver. The practices of ancient Roman finance, while originally rooted in Greek models, evolved in the second century BC with the expansion of Roman monetization. Roman elites engaged in private lending for various purposes, and ...
In ancient Rome there were a variety of officials tasked with banking. These were the argentarii, mensarii, coactores, and nummulari.The argentarii were money changers.The role of the mensarii was to help people through economic hardships, the coactores were hired to collect money and give it to their employer, and the nummulari minted and tested currency.
270–275 AD) have been found in China at Xi'an that pre-date the greater amount of Eastern Roman (i.e., Byzantine) coins from the 4th century onwards. [18] [19] Yet this is also dwarfed by the amount of Roman coins found in India, which would suggest that this was the region where the Romans purchased most of their Chinese silk. [18]
Denarius of Mark Antony and Octavian, struck at Ephesus in 41 BC. The coin commemorated the two men's defeat of Brutus and Cassius a year earlier as well as celebrating the new Second Triumvirate. The denarius (Latin: [deːˈnaːriʊs]; pl.: dēnāriī, Latin: [deːˈnaːriiː]) was the standard Roman silver coin from its introduction in the ...
Debasement. Starting with Nero in AD 64, the Romans continuously debased their silver coins until, by the end of the 3rd century, hardly any silver was left. A debasement of coinage is the practice of lowering the intrinsic value of coins, especially when used in connection with commodity money, such as gold or silver coins, while continuing to ...
This design of the emperor with the spear over his shoulder was the conventional portrait for over a century in the Eastern Roman Empire, from AD 395 to 537. The solidus (Latin 'solid'; pl.: solidi) or nomisma (Greek: νόμισμα, nómisma, lit. 'coin') was a highly pure gold coin issued in the Later Roman Empire and Byzantine Empire.