10 Fascinating Facts About Money And Currency

Money has always been there throughout the ages because it is the only commodity that could be used while trading. Today the concept money also includes terms like debit card, credit cards and other such cards that can be used in exchange of money. Be ready to know some shocking as well as fascinating facts about money and currency.

1. It is believed that 90% of US dollars carry traces of cocaine.

2. First paper money was actually created by China some 1400 years ago.

3. The ink that is used for money is actually a very high tech concept. It has trackable, magnetic, and birefringent properties which means it contains the quality of changing color.

4. A recent study said that if Bill Gates spent $1 million every day, it would take him 218 years to spend all of his money apart from some money reserved for his future.

5. Tea bricks were used as currency in Siberia and Asia and this tradition was changed after world war II.

6. Until world war, sea shells were also used as a common form of currency in many parts of the county.

7. The first credit card was actually invented by Frank McNamara because he forgot his wallet when he was out to dinner with friends.

8. Did you know US currency is not made of paper? Surprisingly, it is cloth.

9. Money can’t really buy life and these were the last words ever said by Bob Marley.

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10. First pennies were made of 100% of copper which were later made of zinc. However, now it takes 2.4 cents to manufacture on single penny.