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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Writer and women's rights advocate Mary Wollstonecraft was born #onthisday in 1759.
#history #art #portrait The Roman emperor Marcus Aurelius was born #onthisday in AD 121.

Marcus Aurelius (AD 161-80), who appears on the coin set in this ring, is best known for his philosophical work, The Meditations. Although he was the most powerful man in the Roman Empire, he dwelt on the emptiness of glory: 'Shall mere fame distract you? Look at the speed of total oblivion of all and the void of endless time on either side of us and the hollowness of applause... For the whole earth is but a point, and of this what a tiny corner is our dwelling-place, and how few and paltry are those who will praise you.' It is ironic that such sentiments as these have preserved his fame to this day.
#ancientRome #emperor #history #museum #BritishMuseum Good luck to all in the #LondonMarathon today! Be inspired by this Spartan running girl from 520-500 BC, which features in our exhibition #DefiningBeauty It’s World #PenguinDay! This handsome King Penguin on display in the Enlightenment Gallery is on loan from the @natural_history_museum
#penguin #museum #BritishMuseum Born #onthisday in 1599: Oliver Cromwell. Here’s a terracotta portrait bust from around 1759
#history #Cromwell #art #bust Greece lightning: this exquisite bronze depicts Zeus, chief of the Greek gods #FridayFigure

In ancient Greece, powerful, shape-shifting gods provided compelling subjects for artists. The famous sculptor Phidias created a gold and ivory statue of Zeus, ruler of the gods, that was over 13 metres high for his temple at Olympia. One of the Seven Wonders of the Ancient World, it symbolised the awesome presence of the god at his sanctuary site. There was also drama to be found in the gods’ ability to change their form as a means of disguise. Zeus, ruler of the Olympian gods, could take animal form – he seduced Leda as a swan, carried away Europa as a bull and Ganymede as an eagle.

This bronze statuette splendidly represents the majesty of Zeus, ruler of the gods on Mount Olympus and lord of the sky. Zeus holds a sceptre and a thunderbolt, showing his control over gods and mortals, and his destructive power. Although just over 20cm high, this exquisite work appears to be a copy of a much grander statue that does not survive.

You can see this figure in our exhibition #DefiningBeauty, until 5 July 2015.
Bronze statuette of Zeus. Roman period, 1st–2nd century AD, said to be from Hungary.
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