money facts

Interesting Facts About Money That Most People Don’t Know

In different countries, money is very different. One thing unites them – people use them to buy and sell goods and services. In essence, this is a short, but the capacious definition of the very essence of money.

Money is a frequent theme in most people’s lives, after all, without it, fulfilling any plan and goal is very difficult. And when it comes to this, there are several curiosities about money that can serve as a topic for interesting conversations.

It’s impossible to imagine the modern world without money. Since mankind invented the monetary system, the relationship between people and their communities has been greatly simplified. However, analogues of money were used by some people in ancient times, in parallel with barter – exchange in kind. Although to this day in several isolated places, for example, in the jungle of the Amazon and Papua New Guinea, people live who do not have a clue about what money is and why it might even be needed.

Money does not guarantee happiness, while others claim that the world revolves around it.  We are all struck by money and we would like to have a little more of it. If you are one of those who long to become a millionaire, you need to know these interesting things about money that you probably did not know.

MONEY FACTS

1. You can’t photoshop money

If you are thinking of creating false money, we tell you that it is not only illegal, but you will have to use an alternative program to Adobe Photoshop. This graphic editing software contains a recognition system capable of detecting money images, preventing you from working on them, or even opening them.

2. Money can make you sick

They say that greed is a disease, but having it can also cause physical ills since the bills carry viruses that cause the flu to other conditions. The flu virus can live more than two weeks on a ticket and considering how fast it passes from hand to hand, it infects several people, not for nothing they say that the money is dirty.

3. In Guatemala, bird feathers were used as money

Formerly, Guatemala had a pretty strange way to represent money, which is named in honor of the quetzal bird symbol of the country. Although quetzales are now in the form of banknotes or coins before it was different. The ancient Mayans also used quetzales, but they were exchanged in the form of feathers of that bird, each of which had a monetary value. The bird was not killed but simply had a pair of feathers stripped off to let it go, an example of how money was flying away.

4. Producing a penny is more expensive than its value

The penny is the least denomination currency in the United States, but it is also a significant economic loss, due to the fact that it is more expensive to manufacture than its value. Making 1 cent costs 2 cents, even so, the coin continues to be produced.

More Interesting Facts About Money

  1. The foremost banknote in the world was created in China around 1,400 years ago.
  2. It is estimated that 90% of all banknotes in circulation in the USA contain traces of cocaine.
  3. The first credit card in the world was created in the 1920s due to the embarrassment of a man who discovered that he had forgotten his wallet at home when paying for his dinner.
  4. More than 60% of all dollars that exist are in circulation abroad, not in the USA
  5. Every year more banknotes are printed for the game “Banco Imobiliário” than real money
  6. Studies have shown that the secret to happiness lies in spending your money on experiences – such as travel, for example – and not on possessions.
  7. They say that Bob Marley’s last words were “money cannot buy life”
  8. Pablo Escobar used to store his money in giant piles in places that were packed to the ceiling with bills. Because when his profits were around the US $ 20 billion annually, the dealer lost about 10% of the money because the mice gnawed at the bills or they were damaged by moisture
  9. Tea packs were used as money in Siberia until World War II.
  10. The flu virus is able to stay alive for up to two weeks on money bills.
  11. The first coins in history began to be produced more than 2,500 years ago.
  12. Only 8% of all the money in circulation in the world is in physical form, that is, in the form of banknotes and coins. Everything else exists only on bank computers.
  13. In the 1930s, $ 100,000 bills were printed in the USA.
  14. In the 1920s, during the period of hyperinflation in Germany, the currency lost so much of its value that many citizens started to use them as wallpaper.
  15. There are only two ATMs in Antarctica
  16. In Canada, a gold coin was produced that weighs 100 kilograms and is worth 1 million Canadian dollars.
  17. Banknotes produced in the USA are not made from cellulose-based paper but from cotton fiber.
  18. North Korea is the country where most dollars are forged in the world.
  19. Apple Company earns $ 300,000 a minute.
  20. The first coins were minted in the Lydian kingdom under King Croesus in the VI century BC. They were made from a natural alloy of gold and silver and had a square shape.
  21. The word “ money ” in a number of Western languages comes from the Latin word “Moneta”, which is associated with the name of the Roman goddess Juno Coins (it is translated as “Cautionary”).
  22. According to experts, today there is $ 700 billion worth of US dollars and coins in circulation. Moreover, half of this amount of money goes outside the United States.
  23. The most popular bills in the US – $ 1 and $ 20, and in other countries – $ 100.
  24. In the mid-90s, many Muscovites received an offer by telephone to buy an ordinary banknote for an amount of 5 times more. Moreover, people really bought that kind of money, and then willingly showed this bill to friends and acquaintances, they were even proud of it. Everything is very simple! The seven-digit bill number was the same as the buyer’s phone number.
  25. The approximate weight of one banknote, regardless of its value, is 1 gram.
  26. Imagine regular coins that regulate the course of the most famous watches in the world – Big Ben in London! If the clock goes forward, the chief keeper of the clock puts a single-penny coin on the pendulum, which reduces the second!
  27. Coins are used by football referees when choosing a goal before the game. It turns out that in England there is a legendary one million pound note, but few people held it in their hands. This banknote is intended only for settlements between banks.
  28. According to experts, in a few years, 15% of all banknotes in Russia will be exactly five-thousandths par value.
  29. The largest denomination of COIN in the world is 100,000 lire in Turkey. In 2005 the Turkish Government removed six zeroes from its coins and notes: the 20 million lira note became the 20 lira note. The 100 bin coin (100,000 lira) became a 10 kurus coin (0.10 lira).
  30. The most common currency name in the world is the franc! Franc name is used in 34 countries of the world.
  31. In Russia, roofing material is made from old money, which, according to experts, lasts much longer. And in Germany, new technology has recently been developed to obtain fertilizer from old money.
  32. The artist Anatoly Orlov creates his paintings from scraps of old banknotes: rubles, dollars, euros, and others. He was even awarded the title of “The First Banknote of the Planet.”
  33. In Japan, peace bells were cast from the coins that the children collected. One of them is installed in New York.
  34. In the USA it is forbidden to use portraits of living people on banknotes.
  35. In the Dominican Republic, money is still used as a weight for weighing. To avoid misunderstandings, on a coin in denominations of 10 cents next to the denomination is indicated – “1 gram”.
  36. In Belgium, 15 years ago, coins with real advertising texts were minted.
  37. We are used to the fact that there is only metal and paper money. But initially, money was completely in a different form. So in Burma until the 20th century, salt and tiled tea were used as money; in Mexico, bags of cocoa beans. Also, money in different countries was: tobacco, dried fish, grains of rice, corn.
  38. It is known that in China many centuries ago, standard pieces of silk served as money. In Southeast Asia, opium was used as money.
  39. It turns out that today money is made not only from paper or metal. Banknotes made of polymer plastic are now in use in Australia, Brazil, Malaysia, Thailand, and other countries.
  40. The most popular banknote in the world is a banknote of 500 euros. Because of this, last year we had to almost double increase the issue of banknotes of 500 euros.
  41. In Russia, the most expensive money can be considered gold coins weighing 1 kg, which the Central Bank issues once or twice a year. The face value of each such coin is 10 thousand rubles, and it is at that face value that they should be accepted EVERYWHERE!

See Also
How much money is there in the world?
How money is made?