Five Surprisingly Lesser Known Facts About World's Money

What comes to your mind when you think of money? The first and most common picture that would be of notes and coins, right? After all, it's the currency and its denominations that have been the primary identity of money since a long time.

However, have you ever given a deep thought or tried digging out the history to know some surprising facts about money, all over the world? If not, then Indiatimes Worth brings to you some of the lesser known facts about world¡¯s money, that will surprise you for sure!

1) Pound sterling is world's oldest currency still in use

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Pound sterling, the UK's official unit of currency, which was introduced way back in the 18th century, is the world¡¯s oldest currency still in continuous use.

Sterling is the fourth most-traded currency in the foreign exchange market, after the United States dollar, the Euro, and the Japanese yen, besides also being the fifth most-held reserve currency in global reserves.

2) India¡¯s highest currency denomination was Rs 10,000 note

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Are you amongst those who thought the 2,000 rupee note has been the highest denomination of India¡¯s currency? Then wait till you read this. The highest denomination rupee note to be ever printed by our central bank RBI, was the Rs 10,000 note in 1938.

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This denomination of note had its own share of ups and downs. It was demonetized in the year 1946, then it was reintroduced in 1954, and then finally again demonetized in the year 1978.

3) The first US coin had the motto ¡°mind your business¡±

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The first official one cent 'Fugio' coin, which was designed by Benjamin Franklin in the year 1787, had this piece of advice imprinted on it-mind your business.

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Some historians tend to believe that this motto was written intentionally by Benjamin, who himself was an influential and successful businessman. As a reminder to the coin holder, it is believed that it meant to pay attention to your affairs/business.

4) More monopoly money is printed in the US than the real cash

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Yes you read that right. Hasbro, the company that produces the popular monopoly game, churns out a massive $30 billion (?24bn) in Monopoly money every year, which is way higher than the rough figure of $974 million that the Bureau of Engraving and Printing produces annual for the Federal Reserve, which is USA¡¯s central bank

5) Queen Elizabeth II is the most featured person on coins and banknotes

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Queen Elizabeth 2, who is the Queen of United Kingdom and 15 other Commonwealth realms, has always been the talk of the town since multiple decades. However, not many know that she features on more coins and banknotes than any other person, and has also featured on the currencies of more than 30 countries. Now that in itself is indicative of how popular and impactful personality she has been all over the world.

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