The British Pound Sterling is the World’s oldest Global Currency, dating back to Anglo-Saxon times.
During the Middle Ages, Knights did not want to carry Cash around because of Robbers. Instead, Knights wore Special rings. When a Knight stayed at an inn, he would Stamp the bill with his Ring. The Innkeeper later took the stamped bill to the Knight’s castle to be Paid.
Because the wind could carry them so easily, the first banknotes were called “Flying Money” when they were created in China.
Pygg, as it was called in Old English, was a kind of clay used to make money-holding jars and dishes. The term eventually evolved into “Piggy bank” over several generations.
Ancient religious temples were the first banks, where people kept grain or precious metals that they used as currency.
Every bank produced its own money prior to the Federal Reserve’s establishment in 1913.
Global Currency
Money was used as wallpaper by Germans. The German currency suffered greatly from hyperinflation following World War I, losing nearly all of its value.
Numismatics is the Study or Collection of Money.
Over 170 different Currencies are used around the World today.
The great majority of the money on the planet is electronic. Banknotes and Coins make up just 8% of the Global total.
The Currency most Traded around the world is the U.S. dollar. The Euro, the Japanese yen, and the British pound sterling are other highly traded currencies.(British pound).
To make a penny, more money is needed than one penny. It Costs roughly 2.5 cents.
The Ink used to Print money is Hightech. So High tech that it has Traceable, Magnetic and Color changing properties.
One of the Most Expensive coins in the World is the 1913 Liberty Head nickel. One Sold in 2010 for $3,737,500. It is so rare because it was Printed by a Rogue mint Employee who made only Five of the coins.
The World’s Smallest note is the Romania 10 bani, issued in 1917 where as World’s Largest was issued in the Philippines to commemorate the Centenary of the Country’s independence.
Queen Elizabeth II holds the Record for Appearing on more Currency than any other Person. More than 30 different countries’ currencies have her image on them.
On the island of Niue, legal tender includes coins from Star Wars, Pokémon, and Frozen.
A 2002 study in the U.S. showed Disease-causing germs on 94% of bills tested.
The Philadelphia facility is the Largest Mint in the World.
More credit and debit cards are used in Iceland than in any other nation worldwide.
The Most valuable Legal tender coin in the World is a $1 million Australian coin but because it Weighs 1,000 kg and is made out of 99.99% Pure gold, It is worth almost $45 million.
In 1946, the Hungarian government printed the highest denomination ever. It Printed a bank note worth 100 quintillion pengoes.
The Largest bill ever Printed was a $100,000 Gold Certificate issued in 1934. They were never shared with the broader public. They were used for Transactions between Federal Reserve Banks.
The Country with the Worst Inflation in the world is Zimbabwe. It had an inflation of 6.5 sextillion percent in 2008.
Global Debt is now almost 2.5 times greater than the World’s total Stockpiles of Money.
Brad Wilson used his credit card to purchase free delivery $1 coins from the U.S. Mint, earning him 4 million airline miles without breaking any laws.
Walter Cavanagh of California is known as ‘Mr. Plastic Fantastic’. With over 13,000 credit cards, he possesses the world’s largest collection. He keeps his Cards in the World’s largest Wallet, that is 250 feet long.
Michael Ridge, a Sound artist from Norwich, posted a video on YouTube showing him Playing a Vinyl record with the new £5 note, Creating sound much like a Stylus needle.
North Korea is the Largest Counterfeiter. North Korea has Mastered the Art of counterfeiting U.S. currency money, with a focus on flawless replicas of $50 and $100 bills. They call their fakes “Superdollars,” and the Federal Reserve needs specialised tools to identify them.
