Kate Page en Fun Facts (English), Finance / Banking, History 17/1/2018 · 2 min de lectura · ~100

Facts about Money in Different Countries

Facts about Money in Different Countries

Money allows us to create the most comfortable conditions for living, so most people want to be not only happy but also rich. Each country has its own national currency. At the same time, dollars and euros are very popular in the world because of their stable exchange rate. This is the currency that can easily be paid in many countries of the world. 

Next, we offer to read more interesting and surprising facts about money, so that you can spend your free time to your advantage.

· The direction the UK monarch faces on the coins changes with each appointment.

· At different times various items were used as money. They were used by people of a particular era. These were the tiles of tea, cocoa beans, dried fish, fertilizer, and stones and others.

· At the moment, the pound sterling is the third most widely used reserve currency in the world (after the US dollar and the euro).

· Competition & Markets Authority found out, that 75% of loan borrowers in the UK took out more than one loan in a year. Average borrower takes six loans a year. It looks that finding loan lender in the UK is not difficult for the British.

· In 1949, Frank X. McNamara went to dinner with his friends. He did not have enough cash to pay the bill. Frank swore that such a thing would not happen to him again. Thanks to this case, Frank came up with the idea of creating one universal credit card. The Diners Club appeared afterward.

· At the moment, the pound sterling is the oldest currency, which is still freely used both for cash and large financial transactions.

· The heaviest gold coin was produced in China. Its weight was 5 kilograms.

· In the 1930s, the pound sterling was called "cable" on the financial markets - most of the transactions were carried out in this currency, and the main mean of communication was a telegraph. The slang word "Cable" shows the importance of the pound sterling as a freely convertible currency.

· Only in October 2010, Germany completed the payment of reparations for the First World War, imposed on it under the terms of the Treaty of Versailles.

· The most expensive coin in the world is the ancient Greek decadarch, which was sold at auction in Zurich for 314 thousand U.S. dollars.

· The largest dollar denomination was issued in 1934, its face value was $100,000, it was used exclusively for banking operations.

· In the beginning of his career as an actor, Jim Carrey wrote a $10 million check for his acting services. The time passed, and "a person with a rubber face" could really cash it by the date specified on the check.

· One-third of the Earth's population spends less than $2 a day, 1.2 billion people less than $1.

· On the territory of Canada, playing cards were the first paper banknotes. In 1685 the administration of the New France northern territory faced a lack of coins to pay salaries to its employees. The intendant got out of it with the help of ordinary cards. He cut them in various forms and signed monetary denominations on each piece. After arriving in Canada, ships from the Old World exchanged these "bills" for real coins.

· In the United States, it is prohibited to use portraits of living people on banknotes. The dollar has interesting symbols on the reverse, too. There is a 13-step pyramid. It symbolizes the power of the state, its stages are the first states.

· According to the Bretton Woods Agreement, one pound sterling was set at $4.03. This rate was maintained throughout the Second World War;

· The city of Ithaca became the first city with its own money.

· In 1999, Romania issued a plastic banknote, worth 2000 lei, dedicated to the solar eclipse of 1999. There is a map of Romania showing the places where the eclipse was 100%.

· Despite its name, paper money is not printed on paper. It is made of a specially designed wear-resistant material, consisting of cotton and linen. However, some countries, including the UK, experiment with another money material, plastic.

Hope these facts were curious for you.