TOP 10 interesting facts about money and the history of their invention

TOP 10 interesting facts about money and the history of their invention

Money is a precious thing in the modern world. People can no longer imagine their lives without them. Do you know where the first paper money appeared? What was used instead of money in Mexico and other ancient civilizations? If not, read our new article Elgreloo.com. Here we collected interesting facts about money that you did not even know and told the story of the invention of money.

Interesting facts about money


Before reading the history of the invention of money, let’s tell you TOP-10 interesting facts about them? We are sure that you have not heard or guessed these things.

  • Today, some countries of the world no longer issue paper money. They completely switched to plastic money and electronic payments. These countries include Australia, Romania, Canada, Maldives and Vietnam.

  • The ICO sign appeared long before the invention of greenbacks and even the United States. This sign represented Mexican money-pesos.
  • The largest banknote in the world was worth 1 100 trillion. It was published in Zimbabwe.
  • The Swedish krona 20 note depicts the heroine of the children’s book – Pippi Longstocking with her “mother” Astrid Lindgren.

  • Polynesian bills depict a naked girl-the heroine of popular legends.
    The Germans used banknotes as wallpaper. It was after the First World War, when money was sharply depreciated.

  • The $ 100 note is the only U.S. banknote that represents a person who has never been president of a state.
    Have you heard of the game Monopoly? So, more play money was issued for her than real money in the United States.

  • In Sparta, metal bars were used as currency, which prevented theft and easy bribes.
    What do they do with money when they become unusable? In Russia, they are used in the production of roofing materials.

  • We have found for you interesting facts about money. We hope that the story of the invention of money will surprise you no less.

It will be interesting for you to read our article on how to learn how to save and save money .

History of the invention of money


There has always been a need for money in society, so there have always been the first prototypes and analogues of money on Earth. In the 7-8 millennium BC, the tribes exchanged food and items that they had in abundance. So everyone has exactly what he needed. Then, instead of money, they could use food, livestock, metal, household items – anything.

The appearance of coins

Over time, people developed the need for a single equivalent that could be traded anywhere. So, in the XIII century BC. e. silver and gold begin to be used as currency. Other precious metals and stones were also used. And from the 7th century, minted coins began to be produced, which quickly spread throughout the world due to their small size, but high cost.

They began to earn money in Kievan Rus in the IX-X centuries. Mainly silver and copper ingots were made here. By the way, the silver ingot was considered the most valuable. It was called the hryvnia. But since it “weighed” too much, it was cut into two equal parts. This money was called rubles.

History of paper money


The first paper money appeared by accident. It wasn’t even money – it was receipts. Since it was dangerous and inconvenient to carry bags of gold coins with them, people began to give them to keep them in a safe place. In return, they received receipts indicating how much money they held and where exactly. These receipts became the prototype of paper money, and storage places became banks.

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