Sample of bank notes from Bermuda |
#4 - The Meiji government of Japan developed the Japanese Yen in 1871; thus it is about
150 years old. The word Yen means "round object" which is a good description for the system's coins. As we do in the United States, Japan has a series of coins that vary in size and amounts of worth. All their coins are round and the five and fifty yen coins feature a small round hole in them which help them identify the coins in their pocket or purse without looking at them. Neat idea that I would enjoy having in US money. The paper yen is colorful and features a large round watermark in the middle to prevent forgeries and counterfeiting. The yen system was developed in hopes of stabilizing their economy, but by WWII the value had dropped significantly. At its worst, one yen was worth about 30 cents. After the war ended, economists tied the value of the yen to the U.S. dollar to help Japan recover. Today the yen is the most traded currency in Asia and the third most traded in the world.
The Japanese Yen |
#3 - The United States currency is actually older than the country by nine days.
The United States $2 |
#2 - The ruble has been the currency of Russia since the 13th century.
The Russian ruble |
#1 - When it comes to talking about the oldest currency in known existence, then you would have to talk about the British Pound.
The British Pound |
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