From fake money to dirty money to funny money to fast money, people are being fascinated with coins, paper bills, and cards that let them accumulate wealth and sometimes, happiness. Where did cash come from? What is in a coin or bill?
Some Money Facts You Must Know
Before money was made of coins and bills, items used as currency include ivory, live animals, grain, and conch shells. Wooden bills were used temporarily in Washington in 1932 since there was a major cash shortage and that wood was readily accessible.
Did you know that the first banks were likely religious temples? This is because the security was always tight.
The term “cheque” or “check” was derived from the game chess. Placing the king in check means that he has limited choices – similar to a modern day cheque that limits opportunities for alteration and forgery.
Did you know that the first bills were called “greenbacks”? It was after the green ink used on the back of the paper bills.
In 1950, the largest coins in the world were used in Alaska. It was 3 feet in diameter and 2 feet wide. It actually weights 90 lbs each.
Did you know that money is dirty? 42% of bills and 13% of coins test positive for bacteria like fecal bacteria. Also, the metallic odor left on your hands after touching metal objects like coins is a type of human body odor. You must know that skin oils break down as well as decompose after touching iron, which creates the foul smell on hands. But in Japan, you could actually get a clean bill from an ATM machine which heat presses every bill at 392 degrees for 1/10 of a second before it is dispensed.
Trivia Info Resource: www.business.hsbc.ae