- the history of money (and of the National Bank)
- the role of the National Bank, i.e. to preserve the value of currency
- how financial markets function
- money as a cultural phenomenon (and not as the source of all evil)
Through 15 rooms, in a didactic way, the museum presents money in all its forms, its role in the economy, the mechanism of inflation and the role of the central bank.
The history of money goes back almost 5000 years. Early forms of payment were quite less practical than electronic currency today. And you may appreciate the value of a single currency more when learning that no less than 5 currencies were in circulation in Florence during the Renaissance.
The museum introduces the various types of money, from its primitive forms such as Yap stones and clay tables, over metal coins to modern forms such as fiduciary and electronic money. There is a great presentation on how modern money derives its value, which ultimately comes down to public trust.
Very interesting is the section on economic policy, in particular inflation. What causes inflation? Why is inflation inherent to our monetary system? How can it be controlled?
On a less serious note, there is a display on inflation through the last century. A display shows how the prices of basic products such as bread, butter and beer have evolved since the 19th century. Though prices have increased constantly, the price ratio of these basic goods has remained relatively stable. However, a daily wage, expressed in number of breads (or number of beers) has increased significantly.
For children and adults, there is a quiz about money with 30-something questions. From trivia about the use of the word money in songs to more serious questions, this quiz combines entertainment with education.
Practical
For a quick visit, count about an hour. However, an in-depth, full visit could easily take 2 hours. The location is central Brussels, a few 100 meters from Grand Place. Address and opening times can be found at www.nbbmuseum.be. Visits during the weekend are free of charge.
Rating
This is a very didactic museum presenting money in all its facets. The visit is good value for money. Displays are well presented and available in multiple languages.
