Commodity Money

The term commodity money denotes currency which has material value in itself, in addition to its face value. Examples of commodity money include precious metals, salt, pepper corns, tea, cigarettes, alcohol and decorative rings.

In the past, commodity money was widely used to settle commercial transactions. Today, it plays a subordinate role, with fiat currencies having been established as the predominant form of currency. However, commodity money continues to play a role in regions where fiat currency is either unavailable or prohibited. The use of cigarettes as a currency in prisons is one example this.

More on this topic:
Fiat currency explained

Expert Benjamin Manz
Benjamin Manz was an expert on banking and financial topics at moneyland.ch.
Special offers for Moneyland users

Moneyland Special Offers

Swiss Broker

Saxo Bank Special Offer

  • Special offer: Reimbursement of brokerage fees up to CHF 200 for 90 days

  • Licensed Swiss bank (FINMA)

  • Free expert research and trading signals

Benefit now
Online private account

UBS Banking for adults

  • Open and manage your account, savings account, and cards easily in the UBS Mobile Banking App

  • Plus KeyClub rewards program

  • 50 CHF welcome gift

Learn more
Robo Advisor

Findependent

  • CHF 4000 free of charge with code "moneyland"

  • Free electronic tax statement

  • Sustainable investments

Profit now
Swiss Trading Platform

Swissquote

  • Leading Swiss online bank with FINMA license

  • Free multicurrency account & low commissions

  • Access to more than 3 million products (shares, ETFs, crypto and more)

Benefit now
Special offers for Moneyland users

Moneyland Special Offers

Swiss Broker

Saxo Bank Special Offer

  • Special offer: Reimbursement of brokerage fees up to CHF 200 for 90 days

  • Licensed Swiss bank (FINMA)

  • Free expert research and trading signals

Benefit now
Online private account

UBS Banking for adults

  • Open and manage your account, savings account, and cards easily in the UBS Mobile Banking App

  • Plus KeyClub rewards program

  • 50 CHF welcome gift

Learn more
Robo Advisor

Findependent

  • CHF 4000 free of charge with code "moneyland"

  • Free electronic tax statement

  • Sustainable investments

Profit now
Swiss Trading Platform

Swissquote

  • Leading Swiss online bank with FINMA license

  • Free multicurrency account & low commissions

  • Access to more than 3 million products (shares, ETFs, crypto and more)

Benefit now
Deal of the Day
×
Swiss Broker

Saxo Bank Special Offer

Special offer: Reimbursement of brokerage fees up to CHF 200 for 90 days

Learn more See all deals
Find out more

Current Offers

Managed Premium

Discretionary Mandate

  • Up to CHF 100 investment fee credit

  • Customized portfolios & unlimited access to wealth advisor

  • Daily rebalancing

Learn more for free
Free credit card

Swisscard Cashback Cards Amex

  • No annual fees

  • Two cards Amex & Visa/Mastercard

  • With cash back

Learn more now
Swiss Trading Platform

Swissquote

  • Leading Swiss online bank with FINMA license

  • Free multicurrency account & low commissions

  • Access to more than 3 million products (shares, ETFs, crypto and more)

Benefit now
Free credit card

PKZ Insider Card Visa

  • Welcome Bonus of CHF 100

  • No annual fees forever

  • Double bonus with PKZ and up to 1% worldwide

Learn more now
Online private account

UBS Banking for adults

  • Open and manage your account, savings account, and cards easily in the UBS Mobile Banking App

  • Plus KeyClub rewards program

  • 50 CHF welcome gift

Learn more
Find out more

Current Offers

Managed Premium

Discretionary Mandate

  • Up to CHF 100 investment fee credit

  • Customized portfolios & unlimited access to wealth advisor

  • Daily rebalancing

Learn more for free
Free credit card

Swisscard Cashback Cards Amex

  • No annual fees

  • Two cards Amex & Visa/Mastercard

  • With cash back

Learn more now
Swiss Trading Platform

Swissquote

  • Leading Swiss online bank with FINMA license

  • Free multicurrency account & low commissions

  • Access to more than 3 million products (shares, ETFs, crypto and more)

Benefit now
Free credit card

PKZ Insider Card Visa

  • Welcome Bonus of CHF 100

  • No annual fees forever

  • Double bonus with PKZ and up to 1% worldwide

Learn more now
Online private account

UBS Banking for adults

  • Open and manage your account, savings account, and cards easily in the UBS Mobile Banking App

  • Plus KeyClub rewards program

  • 50 CHF welcome gift

Learn more
Swiss bank packages comparison

Find the best bank offer now

Compare now

Information

About moneyland.ch

 

moneyland.ch is Switzerland’s independent online comparison service covering banking, insurance and telecom. More than 100 unbiased comparison tools and calculators are available on moneyland.ch, along with useful financial guides and timely news. The comprehensive comparison tools help you to find the right insurance policies, bank accounts, credit and prepaid cards, loans, mortgages, trading accounts and telecom products for your needs. The guarantee of independence applies.

Compare Trading Platforms

Company
Users
Banks & Telecom
Insurance & Pensions
SSL
Swiss Made Logo
reCAPTCHA protected by
reCAPTCHA

moneyland.ch is Switzerland’s independent online comparison service covering banking, insurance and telecom. Contact us