Did you know?
…That the people used to save
their cash in kitchen jars made of a clay called pygg, and people called
them pygg jars. Later they became known as piggy banks and were made
in the shape of pigs?
Asia
Yuan is the official currency of the Republic of China. The renminbi is the legal tender in the mainland China and is issued by the People's Bank of China. Yuan basically means round coin when translated from Chinese to English. The renmbi's exchange rate is 8.28 to one U.S. dollar. One yuan is equal to around twelve cents in the United States of America. As well, one yuan is divided into ten jiao or mao. Jiao are worth about one cent and mao are divided into to ten fen. When other countries buy products from China, they have to convert their currency to yuan.
RupeeIndia was one of the first issuers of coinage in the world. India, a wonderful land in Asia, now uses the rupee as its main currency. Some other places that uses the rupee are; Maldives, Nepal, Mauritius, Pakistan, the Seychelles, and Sri Lanka. Rupee means silver in English and has some similarities like the American dollar. The rupee's abbreviation is R's. and is divided into one hundred paise just like the dollar bill is divided into one hundred cents.
Vietnam uses the dong as their official currency. The dong is divided into hao and the hao is divided into ten xu. The banknotes exist as 200, 1,000, 2,000, 5,000, 10,000, 20,000, 50,000, and 100,000. Dong, which is translated into the word copper in English, was named while Vietnam was still part of French Indochina. The dong was changed to the liberation dong in 1975, because of the fall of Saigon. The new dong is equal to ten old dongs. The Vietnam still has the second lowest currency in the exchange market right before, Romania since June 2005.
The rumble is used in many countries including Russia. The Russian rumble has been used in Russia for many centuries. In ancient times, the Russian currency was called "tselkovyi." The name rumble came originally from the Russian word “rubit” meaning to chop. Russians named their currency rumble because it was originally a piece of certain weight silver chopped off. The modern rumble was introduced after the Soviet Union split in 1992.
Japan, one of the most prospering countries, uses the yen as their national currency. The Meiji government to replace the Edo period first introduced the yen. They needed to replace this because, their was no exchange rate between the coins. In 1949 to 1971, one U.S. dollar was equivalent to three hundred sixty yen. It was like this, because of the Bretton Woods system that collapsed. At the time, the yen had no true original exchange rate. The Currency Act of 1871 established the yen as an official currency of Japan. Japan named their currency yen because yen means round object in English.
The riyal is Saudi Arabia's national currency. The word riyal is of Spanish and French origin. The riyal was first introduced in the Ottoman Empire during the nineteenth century. The riyal was first used in Iran in 1930. At that time, it was known as the kran. The Saudi Arabian coins are called halalahs. There are ones, fives, tens, fifties, one hundreds, and five hundreds riyals. These are based off of five, tens, twenty fives, fifties, and one hundreds based out of halalahs.
 |
 |
 |
 |
 |
 |
|
