A talent as a measure of money weighed around 33kg (75lb) of gold. In todays terms that's worth around 825,000 US Dollars or 415,679 UK Pounds.
So 3200 Talents are worth around 2,640,000,000 US Dollars or 1,330,172,800 UK Pounds in todays terms.
That would do me very nicely ;)
gold
Floating currency.
No they dont use gold as currency.. they have the Egyptian pound gold, though, is very valuble as it is everywhere...
The paper currency that could be exchanged for gold and silver coins were known as Bills of Credit.
the continental
300,000,000
3200
3 billion
Six hundred and threescore talents of gold refers to 600 plus 60, totaling 660 talents. A talent is approximately 33 kilograms (or about 72.75 pounds) of gold. Given the current price of gold, which fluctuates but is around $60,000 per kilogram, 660 talents would be valued at over $1.3 billion today. However, this value can vary based on the current market price of gold.
Fiat currency is based on faith that it is worth something, much like an IOU. If the authority printing that currency has good credit, the currency will be worth more, and the opposite is true, as well. Gold-backed currency is just that: currency which represents the exact value of gold printed on it. So, a $1 treasury note = $1 in gold. Traditionally, with a gold-backed currency, you, the holder of that note, would be able to go down to your local bank and exchange that note for the same amount of gold. In short, with a fiat currency, everyone agrees that it's worth that amount, and it is subject to national credit ratings. With a metal-standard currency, the currency is based on the price and value of a particular metal, like gold. There are currently no gold-backed currencies. Every currency in the world is a fiat currency.
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gold
gold
This answer depends on the current gold price and also the purity of the gold. If this question comes from the 420 talents of gold that Hiram's ships brought back to king Solomon in Ophir then it seems unlikely that they would have been able to get very high quality gold at that time so the figure quoted here might be a bit high. The calculations are: 1 talent = 1093.75 troy ounces 1 troy ounce of gold =~ $1241.34 1 talent of gold =~ $1,357,715 420 talents of gold =~ $570,240,562
Amount of gold desides currency of country.
Devaluation
One talent of gold typically represents 33 kg (75 lbs) of gold. At present gold prices its value would be around 1.25 million US dollars. A thousand talents would then be worth 1.25 billion.