Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, in a particular country. The primary functions which distinguish money are as a medium of exchange, a unit of account, and a store of value.

The money supply of a country comprises all currency in circulation (banknotes and coins currently issued) and, depending on the particular definition used, one or more types of bank money (the balances held in current accounts, savings accounts, and other types of bank accounts).

The development of computer technology in the second part of the twentieth century allowed money to be represented digitally. Not much innovation occurred until the conception of Bitcoin in 2008, which introduced the concept of a cryptocurrency - a decentralised currency.

Money is the medium in which prices and values are expressed; as currency, it circulates anonymously from person to person and country to country, thus facilitating trade, and it is the principal measure of wealth.

Money gives consumers the freedom to trade goods and services easily without having to barter.

Money has made globalization possible.

In the modern times, moral values have been sacrificed at the altar of money. People have become so much money-minded that they openly indulge in corrupt practices to satisfy their greed for money. Money is also the root cause of thefts, murders, frauds and other social evils.

The idea is that money talks - and therefore, one who controls money is able to translate that into advantages of sorts in their day to day endeavours.

The advantages of money far exceed its disadvantages. It is a good servant and a bad master. What is required is the proper regulation of money supply through a wisely formulated monetary policy to ensure the efficient working of the economic system and to achieve the socio-economic objectives of the economy.

'Currency' is the most important Government Control Mechanism affecting (controlling) everyone's life.

Counterfeiting and Hoarding of currency are some of the Financial crimes committed widely.

I think, Counterfeiting and Hoarding of currency can be checked, if currency has an ‘Expiry Date’, just like in other products.

This idea of currency with Expiry Date seems out of the box. Some currencies as global exchange may face problems, but with Government’s support, the central banks or monetary authority can find solutions.

If Decentralised Currencies become very popular and majority people start using it, Nations as we know today may cease to exist and it may bring a new era in Human History. 

Therefore the best alternative solution for nations to fight corruption is to issue new currency with  Expiry Date.

“Modern Human’s Life revolves around Money”.