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    Dina Gogolauri
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    This document provides a brief history of currency, beginning with unusual early forms of money like shark's teeth, feathers, and elephant hair. It then discusses the development of metal coins around 2500 years ago using precious metals like gold and silver. In the 13th century, China began using iron coins and paper receipts that could be exchanged for coins at banks, representing one of the earliest uses of paper money. Today, most countries use a mixture of coins and paper bills, with practices varying between standardized bills like in the US versus bills of different sizes and colors to indicate value as seen in other nations. The euro was introduced in 2002 as a new unified currency for 12 European countries.

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    This document provides a brief history of currency, beginning with unusual early forms of money like shark's teeth, feathers, and elephant hair. It then discusses the development of metal coins around 2500 years ago using precious metals like gold and silver. In the 13th century, China began using iron coins and paper receipts that could be exchanged for coins at banks, representing one of the earliest uses of paper money. Today, most countries use a mixture of coins and paper bills, with practices varying between standardized bills like in the US versus bills of different sizes and colors to indicate value as seen in other nations. The euro was introduced in 2002 as a new unified currency for 12 European countries.

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    2 views9 pages

    Currency

    Uploaded by

    Dina Gogolauri
    This document provides a brief history of currency, beginning with unusual early forms of money like shark's teeth, feathers, and elephant hair. It then discusses the development of metal coins around 2500 years ago using precious metals like gold and silver. In the 13th century, China began using iron coins and paper receipts that could be exchanged for coins at banks, representing one of the earliest uses of paper money. Today, most countries use a mixture of coins and paper bills, with practices varying between standardized bills like in the US versus bills of different sizes and colors to indicate value as seen in other nations. The euro was introduced in 2002 as a new unified currency for 12 European countries.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    of 9

    presentation

    ’’CURRENCY”

    Teacher: Mari
    Kimeridze.
    Student: Dina
    Gogolauri.
    Today, currency is a
    mixture of coins and
    paper money But it
    wasn't always that way.
    Before people had metal
    coins and paper bills,
    they used a lot of unusual
    things for money. In one
    part of the world, for
    example, people used
    sharks' teeth for money.
    In some places, brightly
    colored feathers and rare
    seashells were money.
    People in one area even used the hair from elephants tails for money. No one knows for sure when
    people started using metal coins for money. The oldest coins are over 2.500 years old, so we know
    that people used coins a very long time ago. At first, people used precious metals, such as gold and
    silver, to make coins. They stamped the shape of a person or animal on each coin to indicate its
    value.
    In the 13th century, people in China used
    iron coins for their currency. These coins
    weren't worth very much, and people had
    to use many of them to buy things.
    Because it was inconvenient to carry so
    many of these coins, the government
    started making paper receipts.
    People took these receipts to banks
    and traded them for coins. This was
    the first example of paper money.
    Today, most countries use a mixture
    of coins and paper bills for their
    currency.
    In the United States, the paper
    bills are all the same size and
    color. For example, the $1 bill
    is the same size and color as
    the $100 bill. In many other
    countries, the bills have
    different sizes and colors. The
    smaller bills are worth less
    money. This makes it easier for
    people to tell the value of their
    money.
    In 2002, twelve European countries started using a completely new currency. It's
    called the euro. Many Europeans miss their old currencies, but now it's easier to
    move money from one country to another
    Here are a few more fascinating facts
    about Ise history of money....

    • Feathers were the lightest money ever


    used. People on the Pacific island of
    Santa Cruz used them.

    • Stones were the heaviest money ever


    used. People on the Pacific island of Yap
    used them. Some weighed over 500
    pounds!

    • The smallest money ever used was in


    Greece. The coins were made of metal,
    but they were smaller than an apple seed.

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