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- W223881191 abstract "This chapter discusses about medieval Iceland that had possessed a remarkably advanced system of primitive currencies. Interest-bearing loans were granted in terms of kugildi . The kugildi remained a unit of account long after it ceased to be a medium of exchange. Throughout the historic period cloth was also used as currency. There was a fixed legal ratio between the cow and the cloth currency. Grain and bread are also said to have been early means of payment. From an early period silver by weight was used for monetary purposes. To a very large extent silver and gold were used as money also in the form of rings known under the ancient name of baugr , corresponding to the ancient Irish word of boge . In olden times, before gold or silver coins came into use, the metals were rolled up in spiral-formed rings and pieces cut off were weighed and used as medium of payment." @default.
- W223881191 created "2016-06-24" @default.
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- W223881191 date "1966-01-01" @default.
- W223881191 modified "2023-10-16" @default.
- W223881191 title "Cattle, Cloth and Fish Currency of Iceland" @default.
- W223881191 doi "https://doi.org/10.1016/b978-0-08-011679-2.50084-x" @default.
- W223881191 hasPublicationYear "1966" @default.
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