Basic information about the money of different countries and interesting facts about them

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Today, whatever we buy, from food to an apartment or a car, costs a certain amount of money. Both paper bills and metal coins, and recently even credit cards, act as them. But money is different from money. Each country has its own currency, and therefore the perception of the entire monetary system is rather complicated. In this article you will find basic information about the money of different countries, as well as interesting facts about the means of payment, their circulation.

History of money

The history of money in different countries has several thousand years. The first primitive coins appeared around 500 BC. in the small country of Lydia (now part of Turkey). They were made from an alloy of gold and silver. Many historical primary sources mention money in one way or another. Even before the advent of modern money, the main equivalent for exchange was a commodity that had a special value. This means that moneyreplaced furs, shells, tea, gems, etc.

Appearance of money

Gradually, society developed, and not furs and pearls became the equivalent of value, but money, the exchange value of which was recognized by everyone. The money of different countries of the world is also quite different. For example, in the US, the dollar is used, in Japan, the yen, in Europe, the common currency is the euro.

Basic information about the money of different countries cannot be formulated without describing the appearance of currencies. Almost always, from the images on the currency, one can trace the path of historical transformations in the state. Since prominent political and cultural figures of a particular country or important historical events are depicted on money. A very accurate example is the currency of the European Union. Each banknote or coin bears images of various architectural monuments and styles (Baroque, Gothic, Classical, Romanesque), which characterize historical eras in the development of the European community.

Basic functions of money

Even despite the fact that the money of the world is quite diverse, it is generally accepted that they all perform, if not the same, then rather similar functions, among which the following can be distinguished:

• money is the measure of the value of all goods and services;
• money acts as a kind of intermediary in the exchange of goods and services;
• money acts as a means of accumulation and savings;
• money performs the function of an economic intermediary between states, individuals andlegal entities.

If we give a more general classification, then the money of different countries of the world can be divided into two more groups:

• symbolic;
• natural.

Absolutely any natural currency unit has its useful value. But over time, this type of money leaves the circulation system. It is replaced by symbolic money. This type includes a variety of coins, paper money, bonds, bank checks, electronic currency, etc.

The main cost of such symbolic (essentially modern) money is not the cost of the material from which they are made, but their symbolic face value, officially approved by the country's leadership.

Name of money from different countries of the world

As already mentioned, each country has different money for many reasons. In order to have basic information about the money of different countries, they should be classified and mentioned.

African currencies: Liberian dollar, Nigerian naira, Egyptian pound, Chadian franc, Ghanaian cedi, Malian franc, Tunisian dinar, etc.

Asian currencies: Vietnamese dong, Israeli shekel, Syrian pound, Japanese yen, Indian rupee, Philippine peso, Bhutanese ngultrum, Thai baht and many others.

Currency units of America and Oceania: Argentine peso, US dollar, Cuban peso, Australian dollar, Bahamian dollar, Vanuatu vatu and others.

Currency units of Europe and the CIS: Danish krone, euro, Russian ruble, Ukrainianhryvnia, Armenian dram, Serbian dinar, Kyrgyz som, Kazakh tenge, Estonian kroon, etc.

As you can see, money is a universal payment system that has developed historically and is recognized by all countries and peoples as a convenient means of payment. These are the basic information about the money of different countries.

Interesting facts about money

In June 1993, the Royal Mint of Great Britain issued obsolete coins that were withdrawn from circulation 20 years ago. And this was done deliberately and on a special occasion, which most of the British do not even know about. The crux of the matter was that the guitarist of the legendary rock band Queen, Brian May, did not use a plectrum while playing the guitar, but a penny of the 1970 release. At his personal request, the issue of an outdated series of six pence coins was organized.

Old copper nose coin

Quite a strange name for a coin. But it was indeed published in England at the end of the 8th century by King Henry. It is famous for being the first coin of its kind, which was cast not from silver, but from copper (later they were covered with silver). In the process of circulation, the silver layer on the coin was quickly erased, especially on the protruding part. That is, on the image of the king, the nose was first erased. Therefore, the name “old copper nose” was assigned to the coin.

Half a penny

Perhaps the most curious coin that has ever circulated in the USSR. Half kopecks were minted in 1926-1927, and there was talk about them for half a century. The fact is that in the Union, in order to save copper, it was decided to mint coins from an alloy of copper and zinc.

We reviewed the basic information about the money of different countries and illustrated them with interesting facts. But this information is only enough for a general idea. What kind of money in different countries, we tried to briefly consider.