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Currency is a part of human race since thousands of years, Barter system, Coins, paper currency, plastic notes or Debit/credit cards. Eventually all represents currency that have had regulated by Rulers, Kings and now Federal Banks. Currency has been evolved over thousands of years from coin age,paper Money,Bank notes to attain a stage today that really is !! Earth revolves round the Sun and World revolves round the Money.
But in all these ages, Money is always being regulated by a very few set of people and governs Society, people ,Markets, Trade etc.,. In today's world Money is being regulated by different regulating authorities as Federal Banks, Central Banks and Reserve Banks across the Globe. Irony is that, there are even regulations to restrict amount that we carry or amount we use and taxes on the Money that we earn.
Though Central Banks across the Globe has liberated on amount of money that we send to foreign countries, still there are restrictions on amount that we send towards the purpose transactions.One more challenge with current currency system is that all the countries are not following a single currency rather they have their own currency systems in place. Hence every transaction across the world involves a cross currency in which your base currency may get you a better rate or lesser rate.
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