Money: Some Interesting Facts

Posted by buyforexonline on July 31st, 2014

It is easy to think of money as dollar bills and quarters, but money is so much more than that. Long before the invention of money as we know it, people were using goods such as salt, cattle and even weapons as forms of currency. There are many other interesting facts about money that many people might not know. So, read this fun & fascinating article, brought to you by Buy Forex Online India Pvt Limited, the best way to buy Euros online and other currencies online.

Origin of the word ‘bucks’ for money

Before the days of paper money, Americans traded animal skins, including deer and elk bucks, for goods and services. Hence the word “bucks" to describe money.

Get your money laundered for free!

In 1916, you could get your money laundered for free! If your money was in good enough shape, you could take it to Washington, D.C., where it could be washed, ironed and reissued.

Money Mountain

A stack of bills destroyed in a single year would measure 200 miles high. Mt. Everest, the tallest mountain on Earth, is a mere 19,035 feet, or slightly more than 3 miles high.

The purpose of ridges on the edge of coins

Do you know the purpose of the ridges on the edges of coins? Without ridges, it is possible to scrape metal off coins without it being obvious. In the days when coins were made of silver or gold, a person could have made a good, but illegal, living from shaving coins and selling the precious metal.

Why are U.S. notes green?

No one is really sure, however, in 1929, when the Bureau of Printing and Engraving began making smaller size currency, green was continued because pigment of that color was readily available in large quantities. The color was relatively high in its resistance to chemical and physical changes, and green has been psychologically identified with the strong and stable credit of the government.

What is currency made of?

Currency is fabric composed of 25 percent linen and 75 percent cotton.  Currency paper has tiny red and blue synthetic fibers of various lengths evenly distributed throughout the paper.

Other interesting facts

• It’s illegal to put coins in your ears in Hawaii
• The World’s smallest banknote was issued in Morocco and was the size of a postage stamp.
• Parker brothers printed more money for their monopoly game than the Federal Reserve has issued in real money for the United States.

Hope you enjoyed reading! Tobuy pounds in India, buy Dollars online in Indiaor any other foreign currency with the utmost ease and security, simply log in to-https://www.buyforexonline.com/