Facts about cash

If we are honest most of us do not put much thought into money; unless of course, we are spending it! Money or should I say, currency, has a steep and wonderful history, which many of us simply are not aware of. The current age of electronics and specifically the internet and its wealth of resources means that most of don’t even touch money physically most of the time; let alone care to understand just some of the facts which bring us to the modern-day form. This is why today we will be looking at just a few of the multitude of facts and interesting points which relates to currency, here in the UK and around the world. Whilst it would be fair to say that money has dominated our lives for as long as any of us care to remember, perhaps now is the perfect time to take a step back and simply enjoy some facts about cash.

Have you ever heard Americans refer to their money as a buck? Well there’s actually a very specific reason for this. The terminology of ‘buck’ actually dates back to when Americans would trade animals and elk bucks for the use of goods and services, before paper was available. Throughout the world before money was an available currency to the masses people would simply barter for the things they wanted; which means exchanging goods rather than purchasing them outright. This was also followed by the use of bear teeth, entire elephants, soap and tea tobacco as a form of currency! Even when money did come into play, there were instances where the carrying of it could result in danger. One such example is during the Middle Ages. During this period, it was common place for knights to avoid the use of money, due to the threat of robbery. Instead knights would be issued with special rings. This meant if on their travels, they resided at an inn, the knight could stamp a form of payment card with their ring and later the inn keeper would visit the knights castle for payment; a early dip into the pool of credit it would seem! The romans were also savvy when it came to currency before money was made for mass circulation. Romans actually used salt as a form of currency and this is in fact the origins for the world ‘salary’ which comes from the Latin word ‘sal’ meaning salt.

Nowadays and long removed from the days of using livestock, salt, and gold rings as a form of money, there are in fact 170 different currency worldwide. This is a staggering amount considering its very humble origins. With this in mind, it is of little wonder that the form and presentation of currency throughout the world has changed and altered quite considerably over time. Most recently here in the UK we have been introduced to a plastic £5.00 note in place of the long-established paper version. This note will later be followed by the same for £10.00 and £20.00 note varieties in the coming years. That being said, globally the most counterfeited note of all time is the $100.00 bill. Thankfully though, nowadays most of the worlds money is actually held electronically in banks rather than in physical form. Whilst this fact is becoming increasingly true it is here in the UK that again our currency holds an interesting fact. Queen Elizabeth II holds the record for appearing on the most currency, compared to any other person in history. To date her face has appeared on a staggering 30 different country’s currencies.

Whilst the facts relating to money could be discussed for many hours to come, the point is that currency has some really interesting roots and history. This is not only specific to currency here in the UK but all around the world. If you are interested in learning more about the history of a specific currency or even made to understand some more key facts for a planned project, there is a detailed reference point available Fact Retriever. Today I have touched upon only a handful of the facts which make up our history of currency and in reality there are hundreds more waiting to be discovered. 

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Author: Internal Customer Services Agent