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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It’s #WorldTurtleDay! This early Greek coin with a sea-turtle was part of an important trading currency.
#coin #turtle #history Born #onthisday in 1859: Sir Arthur Conan Doyle. Here’s his application to study at the Reading Room.
All prospective users of The British Museum Library had to apply in writing, stating their reasons for study there. At the time he applied for a reader's ticket, Arthur Conan Doyle was already well-known as the creator of the great detective Sherlock Holmes, but he had not yet given up his work as a doctor, and in this letter of application he gives his occupation as 'physician'.
As well as his detective stories, Conan Doyle wrote many historical novels. At the time he wrote this letter he was probably carrying out research for his novel The White Company, which is set at the time of the Thirty Years' War (1618-48) in Europe.
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#history #fossil #dinosaur Albrecht Dürer was born  #onthisday in 1471. Here’s his wonderful drawing of a woman from 1520.
This study is drawn with a brush in black and greybodycolour. The light is strongly shown by white heightening when it falls onto the woman's face and hair. The light falls down the exact centre of her face. On the left, only the protruding eyelid and cheek bone catch the light. Her eyes are closed and her head centred, its outline strongly marked by black line and silhouette.
By 1520, the date of this drawing, Dürer was deeply interested in the ideal, human form. He had made numerous life studies, both male and female. He had also travelled to Italy and studied classical sculptures and their proportions. For Dürer, the chief purpose of these theoretical studies was to discover the mathematical proportions of the ideal human body. These he would then use in his paintings (portraits, altarpieces and images of saints) and prints. 
#Dürer #art #drawing #history The Enlightenment Gallery in the Museum (Room 1) shows how people saw the world in the 18th century.
The #Enlightenment was an age of reason and learning that flourished across Europe and America from about 1680 to 1820. This rich and diverse permanent exhibition uses thousands of objects to demonstrate how people in Britain understood their world during this period. It is housed in the King’s Library, the former home of the library of King George III.
Objects on display reveal the way in which collectors, antiquaries and travellers during this great age of discovery viewed and classified objects from the world around them.
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This watercolour is by Dutch artist Jan van Huysum (1682–1749).
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