Like culture and language, every country has its own currency. Have you ever wondered why those currencies are so named?
Currency, also known as circulation money, is a unit that serves to trade and exchange goods of countries around the world. Whether appearing in the form of coins or paper money, each currency has its own name and origin. So let's explore the interesting stories behind the names of all kinds of money in the world right away.
Dollar bills are commonly used in the US, Canada, Australia .
Dollar is the name of one of the most commonly used currencies in the world, including in the US, Australia, Canada, Fiji, New Zealand, Singapore . According to the Oxford dictionary, " dollar " is a variant of " thaler " - a silver coin that has been used throughout Europe for nearly 400 years.
The name " thaler " is an acronym for " Joachimsthaler ", referring to coins minted from the mined silver in the Joachimstha valley (now in the Czech Republic). And this is also where the silver coin was first molded in 1518.
Dinar is derived from the name "Denarius".
Dinar is the currency used by countries such as Jordan, Algeria, Serbia, Kuwait . The name " dinar " is derived from " denarius " - a latin word used to refer to a type of silver coin used used by ancient Roman empire.
Money rupee used in India and Pakistan.
The rupee of India and Pakistan has its name derived from " rupya ", meaning " silver forging " in ancient Sanskrit. This is also the origin of the name of the Indonesian rupiah.
South Africa's rand bill.
South Africa's rand is named after the region of Witwatersrand - an area near Johannesburg and famous for its large gold reserves.
Photo zloty banknote.
The word " zloty " in Polish means " in gold ".
The 500 forint denomination of Hungary.
Hungarian forint is named after the Italian word " fiorino ", meaning gold coin is cast in Florence, Italy.
Ringgit comes from the "jagged edges" coins.
The Malaysian ringgit has its name derived from the "serrated edge" coins it uses when it is still a colony of Spanish colonialism. In addition, Europeans have created a "jagged edge" design for coins because at the time, people still used precious metals to cast coins to increase their actual value many times.
However, some of the more "smart" ones think of grinding down the metal from these coins to gain illicit profits. Because it is often difficult for people to detect their coins being "smaller than a inch", the government used the "jagged edge" design to combat "money laundering".
Yuan 元 (Chinese Yuan), yen 円 (Japanese yen), and won 원 (Korean won) all have names derived from yuán 圓 - in Chinese meaning "round" or "round coin". Even Chinese people call all the world's money units yuan. For example, the US dollar will be called the měiyuán 美元 (American yuan).
Nordic "crown" money.
Nordic countries have monetary units derived from "corona" - in Latin meaning "crown". For example, Swedish krona, Norwegian krone, Danish krone, Icelandic króna or Czech Republic koruna all have similar names.
Middle East "Royal".
From regalis in Latin means "royal". And this is also the origin of the name of many currencies in the Middle East such as Oman's rial and Iran, or the riyal of Qatar, Saudi and Yemen.
European "silver unit".
Ancient Europeans often use silver as their currency to trade and have different names for specific amounts of silver. Names that indicate this mass were then deeply ingrained in the subconscious of the people, so much so that they became the names for their basic currency units.
Such currency units include pesos of many Spanish-speaking countries or former colonies of Spain, Russian and Belarusian rubles, Turkish lira or British pound (pounds are still used as a mass measurement unit).
In addition, before EU countries used euro coins, many other European countries also named their currencies in this way such as German mark, Finnish markka and Italian lira.
The denominations of Vietnam Dong.
Dong (VND) is the official currency of Vietnam. Ancient coins in Vietnam were often made of copper and copper in Chinese writing called "coins" (Chinese characters: 銅錢). Since the French colonial period, "dong" (銅) from where it was the name of a metal has become an official currency in Vietnam, irrespective of what materials make money.