Trivia about money

 

  1. Phoenicians, as one of the most developed and mobile traders in the ancient world, played a key role in the development of forms of money. Before the invention of money in the form of coins, trade was based on barter – the exchange of goods and services. However, as the Phoenicians engaged in international trade, they needed more efficient methods of transaction that would allow for easier exchange of goods.

Coins – The Phoenicians were among the first to use coins as a form of money.

Phoenician money was not the first in history (coins were invented in Lydia around the 7th century BC), but it played a crucial role in popularizing this invention in the Mediterranean basin.

  1. Scientists from the University of Massachusetts reported that traces of cocaine were found on 9 out of 10 banknotes in circulation in major American cities.

  2. The wealthiest person in history was most likely Mansa Musa, ruler of the Mali Empire from 1312 to 1337, whose fortune was estimated at $450 billion.

  3. About 92% of the world's money exists only as a digital record.

  4. The cost of producing a 1-cent coin exceeds the value of the coin itself, with estimates suggesting that this cost is 1.66 cents.

  5. The average lifespan of a currency is 39 years.

  6. The oldest currency in the world is the British pound, which was first minted in the late 15th century.

  7. The ridges on Polish coins serve to help visually impaired individuals identify them:

  • The 5 złoty coin has fully serrated edges,
  • The 2 złoty coin has smooth edges,
  • The 1 złoty coin has alternating smooth and serrated edges.

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