8 Interesting Facts about Currencies
Apart from blogging I have one more hobby, currency collection. It is quite a fascinating hobby and one can acquire a lot of knowledge through it. Here I have compiled 8 interesting facts that I came across over a period of time.
1) When Pakistan was in its infancy after India-Pak separation in 1947, they used Indian currency with "Pakistan" stamped on it for the first few months till there was enough circulation of Pakistani notes.
2) Before switching to Australian Dollar in 1966, Australia used Australian Pound as its official currency. Initially Australian Dollar was given the name “Royal”, but as the name could not gain popularity among the locals, it was changed to Dollar.
3) The widely used $ symbol, which is used to represent US Dollar, doesn’t appear on US currency at all.
4) Before 1974, Bhutan didn’t have any currency. Instead they followed Barter system, i.e., they traded goods and services in exchange of other goods and services. In 1974 Bhutanese Ngultrum was introduced as a currency.
5) Bermuda’s $2 bill has been named the bank note of the year 2010 by International Bank Note Society for its attractiveness and high security features. You can read about it in detail at IBNS website.
6) Queen Elizabeth’s portrait has appeared on 33 different countries. Her image first appeared on the Canadian currency in 1935, when she was just 9 years old. The reason for her portrait being used by various countries is that the British monarch is considered as the head of the state by many countries that are a part of the British Commonwealth. This is why Australia and New Zealand have Union Jack on their Flag.
7) Australia introduced polymer notes in 1988 and in 1996 it became the first country in the world to have a complete series of polymer notes.
In India, Rupee one notes have signature of the Secretary, Ministry of Finance, Government of India, while the notes of Rs.2 and above denominations contain signature of the Governor, Reserve Bank of India.
BONUS FACT: There are only 5 currencies in the world that have unique symbol to represent them. These are US Dollar, Yen, Pound, Euro and Indian Rupee (latest addition). Of these only the pound sterling has its symbol printed on the notes.
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The Bureau of Engraving and Printing produces 38 million notes a day with a face value of approximately $541 million.
You know that I never notice that the $ symbol is completely gone from the dollar bills!! That's what represented the US dollar. Wow
I quoted your article in my recent blog, “For love of money” on Mr Anshual. Thanks for some great tips and info (as always). I love your blog!
Thanks for that
Thanks for sharing that
, and welcome to the blog 
Glad that I was able to help you find something interesting
I have read some such types of interesting facts about the currency notes. Some notes were found with both sides printed as same.
Its nice to know these information. They might seem like a trivia, it is still good to know these things. They help enrich our knowledge. Thanks for sharing, btw.
All of my life I haven't noticed that the dollar does not actually have a dollar sign. I always assumed that it did.
wow. you have a very informative post regarding currencies. that must be an interesting hobby.
This is really an interesting blog. I must appereciate the work.As you all know importance and popularity of sports games like football,baseball and many more. You must visit us for live football score
Wow really its so interesting facts i never know it before thank you for sharing this with us..Fact #5 surprised me the most at first, but then I realized how American that made me. ..
It's really amazing to collect currency, even our currencies can tell history of a country. It's like picture of our history. Your article is really interesting, thanks for sharing this facts.
Wow what an amazing post! Thanks for sharing this interesting facts about currencies. It gives readers more knowledge about this topic.
"Bermuda’s $2 bill" I like this fact the most, it's nice!
that is really interesting
ya it’s very nice facts….i don’t know about these facts before i read this…now i uderstand this….
Ya the central banks some times commit such mistakes but generally such notes do not get into circulation. However once in a while it does get, and the lucky ones gets a chance to add it to their collection
Glad that you enjoyed reading this
In fact among currencies with distinctive identities like Dollar, Yen, Pound, Euro etc. only the pound sterling has its symbol printed on the notes.
yes it is
.. but it is an expensive hobby too
Yes I agree with you. Currency can tell a lot about the culture and history of a country.
Thanks for dropping by
Ya the note looks really beautiful. Wish I could lay my hand on it
Thanks
.. Do visit again
These are really some very interesting facts. Well, i am a lover of currencies and me getting currencies in any form is always Welcome…LOL….
That's interesting
. Maybe you can share some of the information that you obtained from this hobby
I never knew these interesting facts about the different currencies and I'm so glad you share it pal. It's really cool. Actually, I have lots of old coins and paper money at home and no one really care about them. At least now I'm aware of these facts and maybe I would start my own collections of old currencies. Anyway, thanks a lot of sharing this out.
I've been collecting old coins and paper money from different countries but I've never known these facts until I've read your post. It's really nice to know the history and evolution of our currencies so that we could appreciate more the value of our present currency aside from it's monetary value. Cool post, anyway. Thanks for sharing.
Thanks …………… for sharing this post with us and links. This is good post.
Hey this is very informative post. I came to know about this now. thanks for sharing.:D
Love the post! Especially #4…I wonder if there are still countries that use that system? or perhaps just people groups in the jungle and stuff…
Something I found out the other day was a 1937 US Quarter if it has a "S" imprinted on the bottom portion located around the US stamp is worth around $1,000 at auction. Most coin collectors check their pocket change because of this there are a lot in circulation still today.
Currency collection is really cool and fun, you can able to know about interesting historical facts of a country through their currencies. Thanks for sharing your collections and those highlight historical facts.
wow…it is very interesting that these things didnt come across my eyes before.
Like you, currency collection has also attracted me, because from a piece of coin it can really tell us a significant part of a country's history. It can also show their rich culture. Thanks for sharing some of your collections and also giving us their historical notes.
I used to collect currencies before when my dad was still working abroad. And I guess I have already a dozen of currencies from different countries like the middle east. However, when my dad got sick and never to work again, my collection hadn't been added. But anyway I never really knew these facts behind the currency of different countries. It's really cool and interesting. Thanks a lot for sharing this out. Keep going!
Amazing fact! Highly appreciated. A small correction "compiled 10 interesting facts that I came across over a period of time." rather it is "8"
Thanks for pointing that out Viswanath, I have corrected it now
the rupee also has its symbol printed on the notes.
Yes Vikas you are right. But that has happened now. At the time of writing this article, rupee didn’t even had a symbol.
Anyway, thanks for pointing that out. I’ll update the article.