The origins of cashMoney in physical form such as banknotes and coins. More dateThe year in which a medal or coin was minted. On a banknote, the date is usually the year in which the issuance of that banknote - not its printing or entering into circulation - was formally authorised. More back to nearly 5,000 years ago. At that time, humans used to barter when trading. Thereafter, they started to use rare objects or metals as a mean of exchangeThe Eurosystem comprises the European Central Bank and the national central banks of those countries that have adopted the euro. More, such as mother-of-pearl shells, amber, gold or native copper, easier to transport and to store than living animals, which were also used as a currencyThe money used in a particular country at a particular time, like dollar, yen, euro, etc., consisting of banknotes and coins, that does not require endorsement as a medium of exchange. More. In addition, the issuance and circulation of scarce materials could be controlled by the government.
Anthropologists offer various theories to explain why humans started using currency. Indeed, moneyFrom the Latin word moneta, nickname that was given by Romans to the goddess Juno because there was a minting workshop next to her temple. Money is any item that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular region, country or socio-economic context. Its onset dates back to the origins of humanity and its physical representation has taken on very varied forms until the appearance of metal coins. The banknote, a typical representati... More represents a measure of value, a store of wealth and it facilitates exchanges between peoples and cultures thus enabling the creation of relationships between groups. It also allows for gift-giving and reciprocity and, finally, it is a symbol of power. Yet, experts believe that the first forms of currency emerged from gift exchanges and debt repayments.
The first coins appeared in Asia Minor in 600 B.C, in the form of stamped coins made of gold or silverWhite, shiny, and soft metal used to mint coins or medals. More. During the first millennium A.D, minted coins were recognized as currency worldwide, and especially in Europe, Asia and North Africa. Coins gave rise to global trade and connected peoples from all continents. Indeed, archaeologists recently found a 600-year old Chinese Yongle Tongbao coinA coin is a small, flat, round piece of metal alloy (or combination of metals) used primarily as legal tender. Issued by government, they are standardised in weight and composition and are produced at ‘mints’. More at the ancient trade port of Manda, in Kenya. Coins were adopted especially for their portability and durability.
The first banknotes appeared around 1200 A.C. These were developed by the Chinese Song dynasty after the government faced a copper shortage. The authorities draw inspiration from the certificate of indebtedness and manufactured the first paper currencyThis is often used as a generic expression to refer to banknotes, versus the “metal currency” expression, which refers to coins. More, originally made of mulberry bark. The techniques and printing methods have then evolved over time, especially since the start of industrialisation, with the aim of creating ever more resistant banknotes and more difficult to counterfeitThe reproduction or alteration of a document or security element with the intent to deceive the public. A counterfeit banknote looks authentic and has been manufactured or altered fraudulently. In most countries, currency counterfeiting is a criminal offence under the criminal code. More. Today, banknotes are made of various substrates, including polymerA substrate used in the printing of banknotes, made of biaxially oriented polypropylene (BOPP) polymer. Polymer banknotes were first introduced in Australia and are widely used around the world. More, and contain 20 security features on average.
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