British Museum blog

The present and future of money


Catherine Eagleton, curator, British Museum

When people think of the British Museum, images of antiquities are often part of what springs to mind. In fact, we collect and display modern and contemporary material, and the exhibition by Grayson Perry that has just opened is a great example of the ways that a contemporary artist can engage with our historic collections.

You might have read in the news a couple of weeks ago about the Google Wallet trial in New York, or about new mobile payment systems that are being developed in countries around the world. In the UK, debates about whether to phase out payments by cheque are still ongoing, but it seems clear that we’re in a period when what money is and how we use it is going to change substantially.

Reports of the death of cash have, though, probably been greatly exaggerated. The new technologies have some way to go before they can compete with the anonymous convenience of coins and notes for many people and for many transactions.

Earlier this year, I was at the Digital Money Forum, and a group of artists were asked to imagine what the future of money might look like. The winner has since developed a video that creates a fictional scenario looking at ideas of money and anonymity (warning: contains language which some may find offensive), and what could happen if all payments were digital and all could be traced.

A mobile phone

Mobile phones are increasingly used to make payments and transfers

For some people, the biggest concern isn’t anonymity, but more basic concerns about security, and I’ve had some really interesting conversations with a group of researchers who are studying money in Haiti. There, because of the risks involved in carrying cash around, the use of mobile phones to make payments is increasing, fast. People are also using digital transfers to keep their money safe while they are moving around.

As we develop the Money gallery, the challenge is not just how to display this – how to collect and put into an exhibition things that are electronic – but also how to make sure that the modern sections of the gallery can change during the lifetime of the displays.

Whatever happens, I think it’s clear that the next five years will see big changes, and we will need to create content for a permanent display that can reflect them. For more on this, have a listen to the Digital Money podcast I did a couple of months ago.

The Money Gallery project is supported by Citi and opens in June 2012.

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  1. Greta K. Greathouse says:

    This is fantastic news. Congratulations to the British Museum for their understanding of how mobile money is changing the lives of people for the better and wanting to document it.
    HIFIVE, a USAID project in Haiti, among its activities has managed and implemented the Haiti Mobile Money Initiative (HMMI), a partnership between USAID and the Bill and Melinda Gates Foundation. The incentives provided by HMMI and the technical support it has provided have been instrumental in the rapid deployment of mobile money in Haiti. The future for mobile money in Haiti is looking great.

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One of many studies of female profiles in Redon's work, La Cellule d'Or ('The Golden Cell') suggests introspection, its golden glow embodying the power of thought. The intense colour and strict composition recall the portraits of the early Florentine Renaissance. Here however, the feeling dominates over objective representation; the blue and gold halo are the traditional colours of the Virgin Mary, but no further religious message intrudes.

The drawing is made on paper in oil paint over a white ground, which gives the colour its luminous intensity.
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Sculpture in antiquity was often adorned not only with colour but also with different materials. The Greek marble statue of an archer reconstructed here was drilled and fitted with metal attachments. The figure originally held a bronze bow and arrow and a quiver was fixed to his left hip by a metal dowel. Individual locks of hair were made of lead. The colourful design of the man’s knitted all-in-one garment, often worn by peoples from the east, is clearly seen weathered into the marble surface under controlled lighting.

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Plaster cast of archer with reconstructed paint, based on a Greek original of about 490–480 BC, from the Temple of Aphaia at Aigina. Staatliche Antikensammlung und Glyptothek, Munich. Uta Uta Tjangala's masterpiece Yumari is a highlight of‪ #IndigenousAustralia, opening a week today
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