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Saturday, October 26, 2013

Tip-bit about origin of Money

Word "money" is believed to originate from a temple of Hera, located on Capitoline, one of Rome's seven hills.   Hera was often associated with money in the ancient world.
Many other items have been used as money; paper money is a latter invention- 600 AD in China during Song dynasty           
  •                  3000 BC shell cowry came into use

Cowry
Source: By Bin im Garten (Own work (own picture)) [CC-BY-SA-3.0
(http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Common

  •     Gold and silver coins came into use in about 300BC.
  •      In Colonial West Africa metallic bars(Iron), Brass &copper    rods and manillas were used as medium of exchange.
  •      2000AD digital money gain momemtum and more and more people are moving money electronically.
Manilla

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