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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 ;)
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What is Indian currency issue backed by?
gold
What is the name of paper money that was not backed by gold?
Floating currency.
Does Egypt use gold for money?
No they dont use gold as currency.. they have the Egyptian pound gold, though, is very valuble as it is everywhere...
What was the paper currency that could be cashed for gold and silver coins called in Colonial America?
The paper currency that could be exchanged for gold and silver coins were known as Bills of Credit.
What is the history of gold coinage?
the Romans were the first people to make gold coins as they were the first to use currency as well
How much is 120 talents of gold in modern currency?
300,000,000
What is the current gold price per gram in Duba?
3200
What is 120 talents of gold worth?
In ancient times, a talent was a unit of weight used to measure precious metals like gold. The exact weight of a talent varied by region and time period, but for the sake of this explanation, let's assume a talent of gold is equivalent to around 75 pounds. Therefore, 120 talents of gold would be approximately 9,000 pounds of gold. To determine the value of this amount of gold, you would need to know the current market price of gold per ounce and then calculate the total value based on the weight provided.
How much is 30 talents of gold?
3 billion
What is the difference between a fiat currency and a gold-backed currency?
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.
12 gram gold price in pakistan?
tell me the answer try this site its useful http://gold-price-blog.info/
What was the currency in 1290?
gold
What is ideal currency?
gold
What is the Worth of a thousand talents of gold today?
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.
Drop in value of a currency pegged to gold or another currency?
Devaluation
What decides the value of a currency?
Amount of gold desides currency of country.
What is the Gold Standard?
The basing of a currency on gold. In some sense in such a system, gold IS the currency and money is a symbol for a corresponding amount of gold, backed by the issuer - i.e. the bank promises that by some means you are always able to exchange X of its currency for Y gold, and vice versa. No country still uses the gold standard - modern currencies are free floating with their value determined by local markets and exchange rates with other currencies. Even so, national governments still usually carry large gold reserves as a holdover from the time when they needed them as a physical guarantee. Gold has remained valuable over thousands of years so it can always be sold as needed for any currency (including its own) that a country might need, or bought to safely store wealth. A currency system in which each dollar is worth 1/20 of an ounce of gold (gradpoint)
