I liked our old Latvian lats. In addition to their standard designs, our Central Bank issued coins of 23 alternative designs. They were not commemorative coins, but really used in circulation. Some people collected them, and it was really nice to suddenly get a coin with a snowman or a heart-shaped gingerbread as a change at the till of Your local supermarket.
@@dragosb08 I think it could be originaly from koruna too because it sounds little-bit like it. koruna --) kuna ( remove o,r ). But I am not sure about it.
The Chinese renminbi actual name is Yuan. The Korean Won, Japanese Yen and Chinese Yuan seems to stem from the same word. In China, the earliest money was actually sea shells. Later, perhaps due to standardisation, the Shang Dynasty made coinns that looks like sea shell. Up till modern days, sea shell 贝，still forms many Chinese words for money, such as 财 property, or 宝precious (in the traditional form寶).
@@Cujo5 Late, But China used to be pretty small and close to the coast, so that was when they used it, other then that they would just transport it to them, only other way.
1:30 I believe that there's (at least 1) mistake. Czech rep. is marked purple for "other" but we actually use Czech Crowns (Koruna)... Now I know that it's not exactly written "krone" like they use up north but it's basically the same...
Turkish Lira should be listed under the "pound" category on the map, they both derive from the Latin "libra" (which is why the pound the weight is abbreviated "lb".
It should not be drawn from the root of the word. It is usually drawn from the name of a minted coin that was widely used. Like the coin minted in the valley Joachimstal (Tal - valley, from the valley -taler = Taler = Dollar). And then the currency based on each other, French francs to the currency of former colonies.
that is a good point in my language (Slovak) we call the pound "libra" and the Turkish lira is "líra", also the former Italian currency is called "líra" as well, so it would make sense that it was derived from the same word.
@@YuraK25 those are two different, but really similar words, so it could be confusing for not native speakers. Złoty (as currency) means golden and żółty means yellow ;p Złoty actually has two meanings - golden colour or something made of gold and name of currency refers to coins made of gold.
Turkish lira (much like old Italian lira) means pound, as it comes from Latin. The symbol for pound in UK is £, which is a stylised "lb" which comes from the same Latin word: libra
The best joke is that, contrary to USD, GBP or CHF, złoty has never been backed by gold. :) Today's Polish złoty is the fifth currency of that name in less than 100 years. WW2 and communism were not a good environment for our currency(-ies)
@Nicolas Chaperon of course. but not everyone are aware of the possible silver content, which is why you still can stumble upon them among the circulating coins.
I love your channel man, how you present the info, the info itself, how you explain it clearly with no hesitation. Just a pretty nice channel and fulfilling the high curiosity of geographichistoricpolitic knowledge akdjskdj
"and some Pacific islands" some Caribbean islands use the US Dollar too! Turks and Caicos, British Virgin Islands, Bonaire, Sint Eustatius, and Saba! There's also a South African rand union you didn't mention between Lesotho, South Africa, eSwatini, and Namibia as well as a CFP (Change Franc Pacifique) franc union between French Polynesia, New Caledonia, and Wallis & Futuna. The world is filled with currency unions!
Although not officially a common currency The U.S. dollar is used in Mexico depending on the circumstances Whether its trading, or buying stuff from friends, or illegal activities like drugs aswell between friends and drugs lmao
I knew Yuan and Yen were connected (though the character has been simplified differently in each country), and I suspected Won may have the same connection too, so thanks for confirming my suspicion (or at least letting me know that I’m not the only to think this)
@@redapol5678 That is correct, though the languages have evolved the writings seperately they all mean the same thing. Yen(円), Yuan/RMB(元) and Won all mean "round" or "circle" as in coins.
@@tigeriontigerion9112 I certainly don’t know the hanja for won but I do know the kanji for yen 円 and the hanzi for yuan 元 (as the person above has indicated). Though they don’t look similar, they are both different simplifications of the traditional character 圓
(1:30) - Turkish lira is based on libre, the same origin as pound. There's several countries having names based on libre. That includes Turkey. - Czechia also has a currency based on the same meaning behind krona/krone, being crown - Chinese "yuán" and Japanese "(y)en", comes from the same origin: 圓
name origin comes from weighing. which is same as in latin (libre) pound comes from latin. most of eu countries currencies was use libre, means weighing. that doesn't means these countries or turkey was a british colony like you mean. you may think libre is like trading in ancient era. getting something and paying equally same amount. according to you we could say british is roman colony right? almost every country is independent now, and some countries was independent for 5000 years. you better think what you are talking about.
@Mert K I ment same thing. Both coming from libre meaning pound, and many eu countries were use currencies named pound. But pound is common name that's why ypu missunderstood me
2:13 isn't acually right, the map said Kron/Krone which would be translates into crown, if it would be the trasnlation of crown the Czech republic would be in it, as whe use the Koruna(Crown)
Similarly, Brazil should be brown like the Arab countries whose currency is Riyal, because all those currency names derive from the Medieval Portuguese Real. I think the Turkish Lira is also just a local name for pound. Italians also called both the British and their own pre-Euro currency Lira.
@@sohopedeco They all go back to the Latin libra (meaning 1 lb of silver - it's even the symbol for the weight unit), so you might call the British Pound a local name for Lira.
Probably already mentioned a thousand times, but Brazil uses the Reaal/Reais, which means it could have been grouped with your brown colour (rial/riyal). Great video nonetheless :-) .
Thank you very much for making this video. I am a world coin/currency collector myself and this video gave a lot of very detailed points if there was anyone out there watching this video and didn't know that much about the topic.
10:15 about the origins of the word "salary" and the "some regions that used salt as payment" lol It derives from Latin "salarium" ("salario" in Italian), "an allowance, a stipend, a pension". During Roman times salt was incredibly valuable and used as a currency. To these there's a famous major road that leads Rome to the Tyrrhenian sea called "Via Salaria", literally "The Road of Salt".
fun fact: the bolivar had 8 zeros removed (3 the first time and 5 the second one), so in order to represent theactual inflation, 1 euro is worth 58 000 000 000 000 old bolivars. also since this video was put up the bolivar lost some value, it is now 226 073 894 000 000 euros and it will be worth even less tomorrow.
Regarding your map at 1:02 : we in Czech republic also use currency named similar to light blue colour you have for Norway, Sweden, Iceland and Denmark. It is called "czech koruna" (meaning czech crown) similar to "krone" in swedish in your map legend.
Cambodia's currency is called the "Riel". Many people think it came from a small fish with a similar name, but it probably came from the Spanish real used by merchants in the mid-19th-century in Cambodia.
You missed the Indian Rupee that has monetary alliances with Nepal and Bhutan. Also the rupee was so strong that its legacy was seen in the Sri Lankan, Mauritius, Seychelles, East Aftican, Cocos Islands, Burma, Gulf Rupee etc. India printed notes for the Gulf till the late 60s and burma till 1947. Burma separated from India in 1935 and we also printed for Pakistan till 1948. You may want to do a separate video on Indian money.
glad that you mentioned Greece because i spent two months living there last summer and it was so hard to find greek coins anywhere because Crete is so touristic! All i kept getting in my change was german and spanish coins mostly!!
I'm not an expert or anything, but it might be related to how Greece was bankrupt after the 2008 financial crisis, and I believe had to be bailed out 2 times by the EU, before they said enough. Greece was one of the countries hit hardest in Europe, the other being Iceland (which at one point was joked about, that you could buy the whole country for 50 kroner or was it $50, I can't remember). After the crisis in Greece, I remember reading that some started in a few places to use Bitcoin, because that had remained unaffected by the crisis and was not bound to the same FIAT currencies that everything else is. What I'm getting at is, that Greece might have slowed down their own printing of money and tried relying on their turisme business to help boost their economy and by using the other EU countries who use Euros to make up for their own.
@@TigonIII Greece is in Euro zone, so they don't print any money by themselves. That's why Greece is so indebted, because they could not print any money. I think what Connor is saying is that there is so much tourism is Crete, that the place was filled with German and Spanish Euro coin.
9:26 I think when the noble said soldiers they can use knives to bargain with the tradesmen he actually implied something else. But it's nice how it turned out.
For oldest currency you could also argue for the US dollar since it is almost totally unchanged since the 1790's (The British Pound decimalized) or the Russian Ruble however it was interrupted by the Soviet Union it was decimalized in 1740 . For historic currency Thalers and Spanish milled dollar(Thaler to dollar could be great) may have been worth a mention but overall a neat video
The swiss francs banknote you use at 4:59 is from the sixth banknote series. Currently we use the ninth one. It is a bit strange to look at "your currency" but never have seen it in real life.
Random fact: Romania and Bulgaria practically use the same name for the currency: lion/lions (Ro: leu/lei, Bg: lev/leva). There were some coins with a lion emblem in circulation in this side of the Ottoman Empire.
And in N Ireland, the local banks issue local NI Sterling notes. Though many in GB will refuse to accept them! Though re the Scottish Sterling notes, I personally have not found, in England or Wales, any refusal to accept them.
Being so valuable, soldiers in the Roman army were sometimes paid with salt instead of money. Their monthly allowance was called "salarium" ("sal" being the Latin word for salt). This Latin root can be recognized in the French word "salaire" - and it eventually made it into the English language as the word "salary."8 Nov 2014 There you go
At 9:30 when he started talking about the knives he just said the description on the Wikipedia article about it, The Wikipedia article says this , a prince who was running low on money to pay his troops allowed them to use their knives as a form of currency to barter with villagers, and the medium became so popular that it became generally accepted
I have seen so many people on RUclips talking about a particular person they trade and invest with ,please don’t fall for that anymore if you want to go into anything investment cryptocurrency forex mining or anything investment do that with a company platform not an individual that someone will come up here and talk about
I just don't get why it can't be spelt "Kiribas" in English. "Göteborg" is "Gothenburg", "Warszawa" is "Warsaw", even "Deutschland" is "Germany", so why can't "Kiribati" be "Kiribas"?
@Carver well yes in the kiribati language it’s pronounced kiribas but in English the ti is pronounced so you’re being a smartass for no reason he pronounced it right.
The Hong Kong dollar is quite unique, that its bank notes (except $10) are printed by three private banks (HSBC, Standard Chartered, Bank of China), owing to the fact Hong Kong doesn't have an actual central bank (we have the Hong Kong Monetary Authority, instead).
The Iranian riyal is the official name but the vast majority of people refer to the money as toman. 1 Toman is equal to 10 Riyals. Everywhere you go in Iran they will say the price in tomans and the only place you'll hear riyals is in a bank. By the way the rough price of 1 dollar is about 22,000 toman (we say 22 toman for short).
While the HK Dollar is used in Macau, the Macanese pataca is preferred. Which is backed by the HK Dollar. also fun fact, while the NZ Dollar is the official currency of Pitcairn, the US Dollar is used when it comes to accommodations and souvenirs. And something to note, the Jordanian dinar is only used in the West Bank. Not Gaza. The only currency union the whole of Palestine is in is with Israel in the Israeli new sheqel union
The first map is interesting. But as some other already mentioned, it could be more accurate, concerning the Coruna/Crown/Krone or the same origin of Lira and Pound. And maybe there also should be a category for Dirham... you can find several Dirham-currencies, even the Armenian Dram is related. These derive from the greek Drachme. The relation between currency names is really interesting. And did you know, the Dollar comes from the european Thaler? It first war coined in a small village near my hometown. Joachimstal in Bohemia
It wasn't just huge bags of coins used in sweden. Currency called Plootu (in finnish) was also used, which were just large copper blocks moved with carts. Since you brought sweden up, the name of currency in scandinavia up to this day. would also be nice to add. Called literally "crown", since they were issued by king.
Another example similar to the ancient Chinese knife money is the use of axe heads in bronze age Britain. Their design was slightly different from tool axe heads that show evidence of use, indicating they were cast with the intention of being a currency. Though they retained a socket and enough mass on the striking edge to be used as axes if sharpened, meaning they could be functional axe heads, many of them were never used. They also had value as a unit of bronze, because when iron/steel was introduced as a material, and the value of bronze collapsed, these axe heads lost enough of both utilitarian and intrinsic value for hordes of them to be abandoned.
Your siwss Frank that you put in your video isnt only the outdated version. the version that replaced that one has been raplaced a couple years ago. Good video tho.
Many years back when I visited the BofE museum, I was surprised to find that they printed many other countries currencies, I think if I remember it was nearly 100.
small fact about Tunisia: while our currency is the Dinar, the cent to the Dinar is called Millime, so 1000 Millimes =1 Dinar. and while that's the case most of the day we count money and transactions with Millimes instead of Dinars and while the official name is Millimes everyone just calls them Francs
@@hedone13x It sounded like "zloti", but It's actually other. It spells "złoty", and It's a little hard for non-polish to say it. "Ł" or "ł" is like reading "W" in words like "win", but it's actually harder with the last letter. You can read "y" like in word "Myrtle". It's really hard to write a sound tho.
- both Pound and Lira come from same root, "libra pondo", so it should be categorized as one - rial/riyal is a loanword from Spanish real, which both can be categorized as one
Something else worth mentioning. Many of the Asian coin monies have holes in them so they can be strung together for transportation and storage. At least that's what I've been told.
Asia is a huge continent so that could be true in some countries today or at some point in the past I guess. But I do know modern Japanese coins mostly _don’t_ have holes in them *except* for the ¥5 and ¥50 coins
Nicely done for such a complex topic - The History of Money is fascinating for sure, being American our currency is probably the youngest or one of the youngest on the planet - and in our 300-ish year history we've gone through a lot of paper and metal money - the Banking system would be neat, although equally as complex - when and why did banks start? Curious
Salt was actually used as a currency for a time in ancient times (hence, the modern-day word "salary", which is among numerous words derived from the root of salt), due to the critical importance of needing it to preserve food stocks prior to the creation of refrigerators/freezers and artificial preservatives (and that it was hard to obtain, depending on location). Two notable instances were i) Roman soldiers sometimes being paid in salt (though this is disputed); and ii) the Chinese Emperor paying his workers in salt to entice them to build the Great Wall of China, especially during times of low financial reserves.
A funny thing about roman coins is that we can physically observe the inflation. Size of denarii decreased through times. Also, sometimes roman imperial administration cheated on the value of coins. For instance, you can find some silver denarii stuffed with bronze, which can only be observed with the erosion of the metal.
One observation and several topic suggestions: The Indonesian Rupiah is divided into 100 Sen. Although it is an obsolete denomination, it is still legal tender, moving it to the top of the scale of smallest-valued currencies in existence--making 1 Euro=1,750,000 Sen. Suggested topics: Monolithic currencies that including currencies that were too big and/or too heavy to move, such as carved stones. Currency that is worn on a person is also an interesting topic. Counterfeiting currency and anticounterfeiting efforts is another. This ranges from including ribs on the outside edge of coins (shaving the edges of precious metal coins was a common way to increase one's profits) to complex features embeded in paper currencies (color threads, micro writing, color shifting ink, and watermarks to name a few). Successful and failed coins is also a topic of interest. During the intra-world-war period, Germany mined more lead than allowed for munitions. They used the metal to make coins. The coins were recalled when war broke out and melted down for bullets and other munitions. The British pound was successful. It was thicker (but also lighter than other coins) and had angled sides. It was widely used. The US made the dollar coin nearly the same size as Quarters, and a little heavier. It was a resounding failure. They made two more tries with dollar coins, saying they had learned their lesson. But changing color and having a smooth edge or an edge inscription did not follow the successful British model. The country could have saved many millions of dollars with circulating a dollar coin (which had a life expectancy of 25 years) and replacing the dollar bank note (which had a life expectancy of 18 months) with a $2 bank note. The world's dirtiest money would also be interesting. (Powdered drugs are only a small part of this issue.) Countries without widespread use of central banks did not clean the currency regularly. The US Federal Reserve removes dirty and torn paper bills as money frequently circulates through the banking community. I found some very dirty money in Asian countries that had circulated paper notes for many years without the bills going through a bank. Commemorative coins have much to say about a country's history. And currencies issued by territories looking for independence sought to highlight their government's sovereignty. Some currencies were only used for internal trade, such as the People's Renmimbi for internal trade in China versus FEC Renminbi (Foreign Exchange Currency), which could buy and trade internally. The FEC was often worth more than the internal Renmimbi, even though both were official currencies. I know that electric trading has changed the way currency is used in many countries over the last couple of decades, but there is still a rich history in physical currencies.
The Bahamas is one place where the local currency is pinned to the US dollar and used at almost the same rate of exchange as the US dollar. This is mainly so the US dollar can be used interchangeably with the local dollar in transactions.
I live in Cameroon. The Central African CFA franc is used *only* in the six nations of Central Africa and not in the other countries you mentioned. They use other types of francs
I remember hearing in a finnish money museum that evidence showed that finns seemed to mostly use squirrel skins as money during ancient times and the same word carried on to mean currency: "raha". Also roman and viking coins has been found, maybe they were used as well but must have been in a very low supply
Cambodia uses the US dollar as their main currency. The local stuff is only for small change and stores are not happy if you try to buy something using only local notes.
@@Nakaska if I remember correctly, the inhabitants of the islands had no symbol to represent the sound "s", and it was easier to make a digraph to represent it than it would be to teach everyone a new symbol, and it's their "warped" way to say "Gilbert Islands". So the country is pronounced Kiribas, and the biggest island is Kiritimati: Kirismas (christmas), and there are some very interesting town names there (Poland, Paris, London, Banana).
![Blox Fruits Dragon Rework Update [Full Stream]](http://i.ytimg.com/vi/EqDAp8udhm0/mqdefault.jpg)
What's your favourite currency?
Bitcoin
I liked our old Latvian lats. In addition to their standard designs, our Central Bank issued coins of 23 alternative designs. They were not commemorative coins, but really used in circulation. Some people collected them, and it was really nice to suddenly get a coin with a snowman or a heart-shaped gingerbread as a change at the till of Your local supermarket.
Of course, there were also commemorative coins, 99 of them.
Dinero
Euro!
Czech Koruna should be part of the "Crown" group in the map.
You're right!
@@dragosb08 ay now thats beyond bullshit
@@dragosb08 I think it could be originaly from koruna too because it sounds little-bit like it. koruna --) kuna ( remove o,r ). But I am not sure about it.
@@dragosb08 But kuna doesn't directly translate to crown, does it?
@@martinplay2848 i think this needs further linguistic research before it can be claimed.
The Chinese renminbi actual name is Yuan. The Korean Won, Japanese Yen and Chinese Yuan seems to stem from the same word.
In China, the earliest money was actually sea shells. Later, perhaps due to standardisation, the Shang Dynasty made coinns that looks like sea shell. Up till modern days, sea shell 贝，still forms many Chinese words for money, such as 财 property, or 宝precious (in the traditional form寶).
That sea shells thing is interesting. I wonder what inland people (who had no access to sea shells) used?
I thought it comes from "round"
@@risannd makes no sense as they wouldn't make it from English.
@@leadharsh0616 She was probably referring to the Chinese of round, and i think that makes sense
@@Cujo5 Late, But China used to be pretty small and close to the coast, so that was when they used it, other then that they would just transport it to them, only other way.
You know it’s a good video when Prussia’s glory is playing in the background
"Happy prussian noises"
Indeed! The moment the video started i dropped everything and started saluting to my Prussian Flag lol
Came here to say the same lmao
PREUßENS GLORIA
@@dataexpunged2827 i was gonna say that
1:30 I believe that there's (at least 1) mistake. Czech rep. is marked purple for "other" but we actually use Czech Crowns (Koruna)... Now I know that it's not exactly written "krone" like they use up north but it's basically the same...
Yep, just commented the same.
"Czechia" is shorter than the awkward "Czech rep."
Korunavirus
@@Liggliluff
The chad “Czech republic”
vs.
The virgin “Czechia”
@@jwaj But what if the country becomes a monarchy?(i say this because i just discovered there's a monarchist party in the country)
Turkish Lira should be listed under the "pound" category on the map, they both derive from the Latin "libra" (which is why the pound the weight is abbreviated "lb".
Also, it's not unique since Italy and others had Liras too
syria and lebanon also have "lira" but in english they call it pound
It should not be drawn from the root of the word. It is usually drawn from the name of a minted coin that was widely used. Like the coin minted in the valley Joachimstal (Tal - valley, from the valley -taler = Taler = Dollar). And then the currency based on each other, French francs to the currency of former colonies.
that is a good point in my language (Slovak) we call the pound "libra" and the Turkish lira is "líra", also the former Italian currency is called "líra" as well, so it would make sense that it was derived from the same word.
Came here to mention this lol
Don’t “make it rain” with knife money. Strippers hate it.
HAHHAGAHAHAHAHAHAH
Did you ever get a cut from the currency? Strippers won't love that too.
@@anupamtiwari5587 Friend: You look like it was profitable for you today
In fact in the french Polynesia, New Caledonia and Wallis and Futuna they use the pacific franc which is beautiful and very colorful
1:33 fun fact: "Złoty" literally translates to gold
thought it means "yellow" too
Actually it's "golden"
@@arbuzwatermelon2242 yup
@@YuraK25 those are two different, but really similar words, so it could be confusing for not native speakers. Złoty (as currency) means golden and żółty means yellow ;p
Złoty actually has two meanings - golden colour or something made of gold and name of currency refers to coins made of gold.
@@YuraK25 who told you that
Turkish lira (much like old Italian lira) means pound, as it comes from Latin. The symbol for pound in UK is £, which is a stylised "lb" which comes from the same Latin word: libra
"złoty" means golden, which was supposed to replace gold, so it is probably the most appropriate name of the currency.
But the name that make that currency unique.
The best joke is that, contrary to USD, GBP or CHF, złoty has never been backed by gold. :)
Today's Polish złoty is the fifth currency of that name in less than 100 years. WW2 and communism were not a good environment for our currency(-ies)
I dont feel like the “coming up“-thingy in the beginning is necessary
I agree, great video tho
Agree, I skip it.
I think it is somehow a way to work the algorithm. I've seen other chanels beginning to use it. I don't know what i think about it
4:30 You forgot about the South African Rand. It is also used (legally) in Namibia, Lesotho and eSwatini. I love your RUclips channel!
Yebooooooooooo
Rand is a bad word in my language.
@@6ix9inetechashy 😂😂😂Well it's the south african currency
@@thembinkosikissama8764 it means like when a woman sleeps with a stranger and has a kid, she is called as a rand/randi
@@6ix9inetechashy rand means slut in hindi/ urdu and other Indian languages
The Swiss Franc is interesting because its coins have virtually the same design since the 1870ies. In this sense its probably the 'oldest currency'...
The oldest Swiss franc coin I own is a 0.10 francs piece from 1879
@Nicolas Chaperon the older 1/2, 1, 2, and 5 francs coins were also silver, now copper nickel, but they are all still legal tender.
@Nicolas Chaperon of course. but not everyone are aware of the possible silver content, which is why you still can stumble upon them among the circulating coins.
I love your channel man, how you present the info, the info itself, how you explain it clearly with no hesitation. Just a pretty nice channel and fulfilling the high curiosity of geographichistoricpolitic knowledge akdjskdj
"and some Pacific islands"
some Caribbean islands use the US Dollar too! Turks and Caicos, British Virgin Islands, Bonaire, Sint Eustatius, and Saba! There's also a South African rand union you didn't mention between Lesotho, South Africa, eSwatini, and Namibia as well as a CFP (Change Franc Pacifique) franc union between French Polynesia, New Caledonia, and Wallis & Futuna. The world is filled with currency unions!
Although not officially a common currency
The U.S. dollar is used in Mexico depending on the circumstances
Whether its trading, or buying stuff from friends, or illegal activities like drugs
aswell between friends and drugs lmao
yuan, won and yen are the same word with different spelling
I knew Yuan and Yen were connected (though the character has been simplified differently in each country), and I suspected Won may have the same connection too, so thanks for confirming my suspicion (or at least letting me know that I’m not the only to think this)
@@redapol5678 That is correct, though the languages have evolved the writings seperately they all mean the same thing. Yen(円), Yuan/RMB(元) and Won all mean "round" or "circle" as in coins.
You don’t know Kanji, so yen, yuan and won are different words.
@@tigeriontigerion9112 I certainly don’t know the hanja for won but I do know the kanji for yen 円 and the hanzi for yuan 元 (as the person above has indicated). Though they don’t look similar, they are both different simplifications of the traditional character 圓
@@tigeriontigerion9112 and with a bit of searching, turns out that that traditional character is the exact hanja used for won 圓
(1:30) - Turkish lira is based on libre, the same origin as pound. There's several countries having names based on libre. That includes Turkey.
- Czechia also has a currency based on the same meaning behind krona/krone, being crown
- Chinese "yuán" and Japanese "(y)en", comes from the same origin: 圓
Lebanon's currency is colloquially called the lira but the video labels it along with the pound
name origin comes from weighing. which is same as in latin (libre) pound comes from latin. most of eu countries currencies was use libre, means weighing. that doesn't means these countries or turkey was a british colony like you mean. you may think libre is like trading in ancient era. getting something and paying equally same amount. according to you we could say british is roman colony right? almost every country is independent now, and some countries was independent for 5000 years. you better think what you are talking about.
@Mert K I ment same thing. Both coming from libre meaning pound, and many eu countries were use currencies named pound. But pound is common name that's why ypu missunderstood me
2:13 isn't acually right, the map said Kron/Krone which would be translates into crown, if it would be the trasnlation of crown the Czech republic would be in it, as whe use the Koruna(Crown)
Similarly, Brazil should be brown like the Arab countries whose currency is Riyal, because all those currency names derive from the Medieval Portuguese Real.
I think the Turkish Lira is also just a local name for pound. Italians also called both the British and their own pre-Euro currency Lira.
Slovaks also used Koruny
@@sohopedeco They all go back to the Latin libra (meaning 1 lb of silver - it's even the symbol for the weight unit), so you might call the British Pound a local name for Lira.
@@sohopedeco Yeah, lira comes from basically Latin word libra, which is equal to pound.
Probably already mentioned a thousand times, but Brazil uses the Reaal/Reais, which means it could have been grouped with your brown colour (rial/riyal). Great video nonetheless :-) .
That Cyber Punk shade had me laughing for a few minutes
Why?
Same
Thank you very much for making this video. I am a world coin/currency collector myself and this video gave a lot of very detailed points if there was anyone out there watching this video and didn't know that much about the topic.
In Romanian we call the British pound and Turkish lira in the same way: lira/lire
it's the same root, lira derives from libra, pound.
In Spanish they are not the same, but still similar
Lira is the same, and the Pound is called Libra
British pound (pound sterling) is known in Brazil as "libra esterlina".
In greek too
Also, the pound(unit of mass) is livră/livre
Best geography RUclipsr along with Geography Now, WonderWhy and Khanubis. Love it!
Thanks! :)
@@General.Knowledge also question. I’ve always been interested😂, where are you from? (As in what country)
@@charlierichards5865 He's from Portugal.
@@NeoZeta ah nice cheers
In fact there s too many of them. Inflation is occuring. Meaning im starting to get annoyed with the sheer volume of it all.
RUclipsR MAIS UNDERRATED DA TUGA FOR SURE 💪🏻🔥
mesmo asério
Eu acho legal o fato dele ser português mas tem um sotaque de brasileiro quando fala inglês.
@@jalexsilva8162 Mas não tem(?), nada a ver.
Obrigado :)
@@jalexsilva8162 não tem, não tem mesmo.
1:04 Czechia's currency is the Koruna, which is Czech for crown (same as krona in swedish)
10:15 about the origins of the word "salary" and the "some regions that used salt as payment" lol
It derives from Latin "salarium" ("salario" in Italian), "an allowance, a stipend, a pension".
During Roman times salt was incredibly valuable and used as a currency. To these there's a famous major road that leads Rome to the Tyrrhenian sea called "Via Salaria", literally "The Road of Salt".
fun fact: the bolivar had 8 zeros removed (3 the first time and 5 the second one), so in order to represent theactual inflation, 1 euro is worth 58 000 000 000 000 old bolivars. also since this video was put up the bolivar lost some value, it is now 226 073 894 000 000 euros and it will be worth even less tomorrow.
Regarding your map at 1:02 : we in Czech republic also use currency named similar to light blue colour you have for Norway, Sweden, Iceland and Denmark. It is called "czech koruna" (meaning czech crown) similar to "krone" in swedish in your map legend.
Cool video! Was took by surprise when Hakkapeliittain marssi started playing at 4:18 :)
Cambodia's currency is called the "Riel". Many people think it came from a small fish with a similar name, but it probably came from the Spanish real used by merchants in the mid-19th-century in Cambodia.
You missed the Indian Rupee that has monetary alliances with Nepal and Bhutan. Also the rupee was so strong that its legacy was seen in the Sri Lankan, Mauritius, Seychelles, East Aftican, Cocos Islands, Burma, Gulf Rupee etc. India printed notes for the Gulf till the late 60s and burma till 1947. Burma separated from India in 1935 and we also printed for Pakistan till 1948. You may want to do a separate video on Indian money.
The Czechs uses Crowns too as Scandinavia. The map lies.
glad that you mentioned Greece because i spent two months living there last summer and it was so hard to find greek coins anywhere because Crete is so touristic! All i kept getting in my change was german and spanish coins mostly!!
I'm not an expert or anything, but it might be related to how Greece was bankrupt after the 2008 financial crisis, and I believe had to be bailed out 2 times by the EU, before they said enough. Greece was one of the countries hit hardest in Europe, the other being Iceland (which at one point was joked about, that you could buy the whole country for 50 kroner or was it $50, I can't remember). After the crisis in Greece, I remember reading that some started in a few places to use Bitcoin, because that had remained unaffected by the crisis and was not bound to the same FIAT currencies that everything else is.
What I'm getting at is, that Greece might have slowed down their own printing of money and tried relying on their turisme business to help boost their economy and by using the other EU countries who use Euros to make up for their own.
@@TigonIII
Greece is in Euro zone, so they don't print any money by themselves.
That's why Greece is so indebted, because they could not print any money.
I think what Connor is saying is that there is so much tourism is Crete, that the place was filled with German and Spanish Euro coin.
9:26 I think when the noble said soldiers they can use knives to bargain with the tradesmen he actually implied something else. But it's nice how it turned out.
Great vid! Would love a video about the people/places on currencies.
For oldest currency you could also argue for the US dollar since it is almost totally unchanged since the 1790's (The British Pound decimalized) or the Russian Ruble however it was interrupted by the Soviet Union it was decimalized in 1740 . For historic currency Thalers and Spanish milled dollar(Thaler to dollar could be great) may have been worth a mention but overall a neat video
The swiss francs banknote you use at 4:59 is from the sixth banknote series. Currently we use the ninth one.
It is a bit strange to look at "your currency" but never have seen it in real life.
@4:27 The New Zealand 20 cent coin is regularly accepted by Australian merchants, and sometimes other Kiwi coins are too.
Really? I'm a Kiwi and it's the first I've heard of it. Our currency is worth less, so I don't see why it would be.
Random fact: Romania and Bulgaria practically use the same name for the currency: lion/lions (Ro: leu/lei, Bg: lev/leva).
There were some coins with a lion emblem in circulation in this side of the Ottoman Empire.
Also Moldova.
I noticed one country which the map did not represent correctly - Zimbabwe also uses "dollars". Otherwise a very good video.
Aah yes and in the old days Zimbabwe, with mega inflation, issued its then own currency in millions on its old notes..
@@davidlally592 I've just checked and during the hyper-inflation period the highest valued bank note (issued 16 Jan 2009) was $100 trillion !!!
Isle of Man used its own British pounds, plus Scotland’s bank notes are different to England/Wales.
Isle of Man currency is Manx Pound
And in N Ireland, the local banks issue local NI Sterling notes. Though many in GB will refuse to accept them! Though re the Scottish Sterling notes, I personally have not found, in England or Wales, any refusal to accept them.
Love the Peruvian Soles for obvious reasons. Besides that, it is a pretty cool and respectable currency in South America.
Being so valuable, soldiers in the Roman army were sometimes paid with salt instead of money. Their monthly allowance was called "salarium" ("sal" being the Latin word for salt). This Latin root can be recognized in the French word "salaire" - and it eventually made it into the English language as the word "salary."8 Nov 2014
There you go
At 9:30 when he started talking about the knives he just said the description on the Wikipedia article about it, The Wikipedia article says this , a prince who was running low on money to pay his troops allowed them to use their knives as a form of currency to barter with villagers, and the medium became so popular that it became generally accepted
A wonderful video. Maybe some more details be mentioned about the Rupee system, as well...
I have seen so many people on RUclips talking about a particular person they trade and invest with ,please don’t fall for that anymore if you want to go into anything investment cryptocurrency forex mining or anything investment do that with a company platform not an individual that someone will come up here and talk about
Cryptocurrency is the future. Investing in it will be the wisest thing to do especially with the current rise.
Mohammed Ali Yes, no doubt. Bitcoin investment is a good business
Rose Campbell Indeed,Trading has high intensity.
@Catar Brown the best platform i know is Tradingfxstation
@Catar Brown you can go to their website
Love yoir YT chanell ! Keep making videos !
4:02 *Kiribati is pronounced Kiribas. Great video, no hate, just wanted to tell you that so you know it for the future :)
True, even experts make mistakes like that!
Really? Where does the "ti" go, then?
I just don't get why it can't be spelt "Kiribas" in English. "Göteborg" is "Gothenburg", "Warszawa" is "Warsaw", even "Deutschland" is "Germany", so why can't "Kiribati" be "Kiribas"?
@Carver Very interesting, thanks. It's a whole different concept as to how I'm used to see those letters used.
@Carver well yes in the kiribati language it’s pronounced kiribas but in English the ti is pronounced so you’re being a smartass for no reason he pronounced it right.
Well condensed and explained very well thanks
Video: *talks about currencies*
Background music: *marches in prussian*
Your videos are always amazing. How do you do them? It looks like an enormous amount of work to do the animated drawings.
The Turkish Lira is the same word as Pound (British and others). That's why the Pound simbol is "L". Lira and Libra are the same word.
The Hong Kong dollar is quite unique, that its bank notes (except $10) are printed by three private banks (HSBC, Standard Chartered, Bank of China), owing to the fact Hong Kong doesn't have an actual central bank (we have the Hong Kong Monetary Authority, instead).
5:10 This is the old swiss bill. Not even the last one (which is still to be seen sometimes), but the one before it.
Its like 30 years old and cannot be used for payments anymore
First love your content very fascinating enjoy seeing more of it in the coming weeks!
The Iranian riyal is the official name but the vast majority of people refer to the money as toman. 1 Toman is equal to 10 Riyals. Everywhere you go in Iran they will say the price in tomans and the only place you'll hear riyals is in a bank. By the way the rough price of 1 dollar is about 22,000 toman (we say 22 toman for short).
2:10 Czechia uses crown too
While the HK Dollar is used in Macau, the Macanese pataca is preferred. Which is backed by the HK Dollar.
also fun fact, while the NZ Dollar is the official currency of Pitcairn, the US Dollar is used when it comes to accommodations and souvenirs. And something to note, the Jordanian dinar is only used in the West Bank. Not Gaza. The only currency union the whole of Palestine is in is with Israel in the Israeli new sheqel union
North Korean used North Korean Won right?
The first map is interesting. But as some other already mentioned, it could be more accurate, concerning the Coruna/Crown/Krone or the same origin of Lira and Pound.
And maybe there also should be a category for Dirham... you can find several Dirham-currencies, even the Armenian Dram is related. These derive from the greek Drachme.
The relation between currency names is really interesting.
And did you know, the Dollar comes from the european Thaler? It first war coined in a small village near my hometown. Joachimstal in Bohemia
Fun fact: more than 99% of people are millionaires in Venezuela
Even in Zimbabwe 🇿🇼 !!!
You must be kidding, all of them are from Mars
No seriously 😳
It wasn't just huge bags of coins used in sweden. Currency called Plootu (in finnish) was also used, which were just large copper blocks moved with carts.
Since you brought sweden up, the name of currency in scandinavia up to this day. would also be nice to add. Called literally "crown", since they were issued by king.
In Bosnia and Herzegovina we use convertible mark (konvertibilna marka) and Croatia uses kuna
Actually in early 2023, not only did Croatia/Hvratska join Schengen, but it is now using the Euro, with its own local Kuna being phased out...
@@davidlally592 That's correct and all but nobody knew that two years ago when I posted this comment
Very educational! Great job
Lira is Italian for pound, derived from Latin libra, hence lbs for pounds. Turkish lira are really Turkish pounds.
Another example similar to the ancient Chinese knife money is the use of axe heads in bronze age Britain. Their design was slightly different from tool axe heads that show evidence of use, indicating they were cast with the intention of being a currency. Though they retained a socket and enough mass on the striking edge to be used as axes if sharpened, meaning they could be functional axe heads, many of them were never used. They also had value as a unit of bronze, because when iron/steel was introduced as a material, and the value of bronze collapsed, these axe heads lost enough of both utilitarian and intrinsic value for hordes of them to be abandoned.
Your siwss Frank that you put in your video isnt only the outdated version. the version that replaced that one has been raplaced a couple years ago. Good video tho.
Yeah, haven't seen that in use since about 20 years.
@@MMMM-pq1cj I've lived in Switzerland all my life and cant remember having ever seen one in circulation. I'm 21
Many years back when I visited the BofE museum, I was surprised to find that they printed many other countries currencies, I think if I remember it was nearly 100.
Wow didn't know that.
Me waiting to Peso to be mentioned and explained: 👁️👄👁️
small fact about Tunisia: while our currency is the Dinar, the cent to the Dinar is called Millime, so 1000 Millimes =1 Dinar. and while that's the case most of the day we count money and transactions with Millimes instead of Dinars and while the official name is Millimes everyone just calls them Francs
same in Algeria
1:33 Lol I love when non-polish try to say polish words xD
Can you spell how it sounded for you?
Kurwa
@@hedone13x It sounded like "zloti", but It's actually other. It spells "złoty", and It's a little hard for non-polish to say it. "Ł" or "ł" is like reading "W" in words like "win", but it's actually harder with the last letter. You can read "y" like in word "Myrtle". It's really hard to write a sound tho.
@@enzogalicia6071 kurwa :D
@@shounen_A yeah, but he also said "ł" too much like "l"
The currencies of China, Korea and Japan derive their name from yuan , so it would be another currency family.
Puerto Ricans use the word Peso for the USA Dollar also.
- both Pound and Lira come from same root, "libra pondo", so it should be categorized as one
- rial/riyal is a loanword from Spanish real, which both can be categorized as one
I love how it has Preußens Gloria in the background
Preussens
@Muhammad Ghery Haikal aqsa the ß means double s in German.
Source: am german
Great video!
A turtle approved these currencies around the world
some Brazilian currency notes have a turtle on their backs
Persian turtle?
Something else worth mentioning. Many of the Asian coin monies have holes in them so they can be strung together for transportation and storage. At least that's what I've been told.
Asia is a huge continent so that could be true in some countries today or at some point in the past I guess. But I do know modern Japanese coins mostly _don’t_ have holes in them *except* for the ¥5 and ¥50 coins
Mm at least one of Norways kroner has a hole in the middle..!!
Me: *thinks about something*
General Knowledge: *makes a video about what I'm thinking*
Like seriously😂
Nicely done for such a complex topic - The History of Money is fascinating for sure, being American our currency is probably the youngest or one of the youngest on the planet - and in our 300-ish year history we've gone through a lot of paper and metal money - the Banking system would be neat, although equally as complex - when and why did banks start? Curious
Imagine going to the bank with a knife as usual.
Salt was actually used as a currency for a time in ancient times (hence, the modern-day word "salary", which is among numerous words derived from the root of salt), due to the critical importance of needing it to preserve food stocks prior to the creation of refrigerators/freezers and artificial preservatives (and that it was hard to obtain, depending on location). Two notable instances were i) Roman soldiers sometimes being paid in salt (though this is disputed); and ii) the Chinese Emperor paying his workers in salt to entice them to build the Great Wall of China, especially during times of low financial reserves.
You missed this small one!
The Indian Rupee can also be used freely throughout Bhutan, alongside Bhutan Ngultrum
You should make a video overviewing extinct nations their borders politics Money geography etc
The map is kinda wrong, in Romania and Bulgaria they named they currency the same. Leu/Lev
0:55 Most common names. He never said that all other currencies have distinct names
A funny thing about roman coins is that we can physically observe the inflation. Size of denarii decreased through times. Also, sometimes roman imperial administration cheated on the value of coins. For instance, you can find some silver denarii stuffed with bronze, which can only be observed with the erosion of the metal.
Yes! 2 Minutes after it was released
That's what she said.
One observation and several topic suggestions:
The Indonesian Rupiah is divided into 100 Sen. Although it is an obsolete denomination, it is still legal tender, moving it to the top of the scale of smallest-valued currencies in existence--making 1 Euro=1,750,000 Sen.
Suggested topics:
Monolithic currencies that including currencies that were too big and/or too heavy to move, such as carved stones. Currency that is worn on a person is also an interesting topic.
Counterfeiting currency and anticounterfeiting efforts is another. This ranges from including ribs on the outside edge of coins (shaving the edges of precious metal coins was a common way to increase one's profits) to complex features embeded in paper currencies (color threads, micro writing, color shifting ink, and watermarks to name a few).
Successful and failed coins is also a topic of interest. During the intra-world-war period, Germany mined more lead than allowed for munitions. They used the metal to make coins. The coins were recalled when war broke out and melted down for bullets and other munitions.
The British pound was successful. It was thicker (but also lighter than other coins) and had angled sides. It was widely used. The US made the dollar coin nearly the same size as Quarters, and a little heavier. It was a resounding failure. They made two more tries with dollar coins, saying they had learned their lesson. But changing color and having a smooth edge or an edge inscription did not follow the successful British model. The country could have saved many millions of dollars with circulating a dollar coin (which had a life expectancy of 25 years) and replacing the dollar bank note (which had a life expectancy of 18 months) with a $2 bank note.
The world's dirtiest money would also be interesting. (Powdered drugs are only a small part of this issue.) Countries without widespread use of central banks did not clean the currency regularly. The US Federal Reserve removes dirty and torn paper bills as money frequently circulates through the banking community. I found some very dirty money in Asian countries that had circulated paper notes for many years without the bills going through a bank.
Commemorative coins have much to say about a country's history. And currencies issued by territories looking for independence sought to highlight their government's sovereignty.
Some currencies were only used for internal trade, such as the People's Renmimbi for internal trade in China versus FEC Renminbi (Foreign Exchange Currency), which could buy and trade internally. The FEC was often worth more than the internal Renmimbi, even though both were official currencies.
I know that electric trading has changed the way currency is used in many countries over the last couple of decades, but there is still a rich history in physical currencies.
"The US dollar is used in the US..."
Me: ovbiously
"Panama..."
Me: Yeah makes sense
"El Salvador..."
Me: ok
"East timor..."
Me: wait what
The Bahamas is one place where the local currency is pinned to the US dollar and used at almost the same rate of exchange as the US dollar. This is mainly so the US dollar can be used interchangeably with the local dollar in transactions.
Cayman Islands Dollar too.
Of course the scandinavians call their money crowns, we're the kings of countries !
You're the Kings of neo-marxists
Czech Republic also has crowns
@@Lloyd1808 maybe by Americans eye but really No.
Your the kings of high taxes
But Czech Republic with their crowns is in Central Europe, not in Scandinavia. 🤔
The Venezuelan bolivar pic you used is so old my mum provably paid her bills with it in the 80’s. I haven’t seen that bank note since 1995
And the interesting part is that back then, when that note was used, the bolivar was worth basically the same as the US dollar
7:54 So... if you own 2 euros in Venezuela, you're a millionaire.
I live in Cameroon. The Central African CFA franc is used *only* in the six nations of Central Africa and not in the other countries you mentioned. They use other types of francs
7:44 That Vietnamese currency reminds me of how the Vietnam War went in the Watchmen Universe
What do you mean?
I remember hearing in a finnish money museum that evidence showed that finns seemed to mostly use squirrel skins as money during ancient times and the same word carried on to mean currency: "raha". Also roman and viking coins has been found, maybe they were used as well but must have been in a very low supply
First second and he’s talking about knife money 🤪😂
Cambodia uses the US dollar as their main currency. The local stuff is only for small change and stores are not happy if you try to buy something using only local notes.
4:06. It's pronounced "Kiribass". The 'ti' sound like ss.
It's a corruption of the original name (Gilbert Islands).
Why? Who came up with ti=s?
@@Nakaska if I remember correctly, the inhabitants of the islands had no symbol to represent the sound "s", and it was easier to make a digraph to represent it than it would be to teach everyone a new symbol, and it's their "warped" way to say "Gilbert Islands".
So the country is pronounced Kiribas, and the biggest island is Kiritimati: Kirismas (christmas), and there are some very interesting town names there (Poland, Paris, London, Banana).
Muito bem produzido este vídeo. Obrigado 🙏