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Showing posts with the label currency

Interesting Fact # 552 - Money

Paper money was first introduced by the Chinese in 806 A.D. (Seemingly there was a severe copper shortage, and funnily they abandoned paper money again in 1455 (I guess they found some more copper). Notes didn't appear in Europe and America until the mid-1600s and it was another hundred years before paper money became common. It's strange that it ever did because, let's face it, paper currency is actually worthless.)

Interesting Fact - Money

In the US, paper currency was created in 1862 to help pay for the Civil War. They were printed in $5, $10, and $20 denominations, redeemable in coins on demand. (All the notes were printed green, hence the nic name "greenbacks.")

Interesting Fact - Money

Dollar’ is the most common currency name. (This is followed by ‘franc,’ ‘pound,’ ‘dinar,’ ‘peso,’ and ‘rupee.’)