Did you know?
… That currency is printed mostly on cotton, not paper?
South America and Africa
Much of South America and Africa was colonized by the French, Spanish, and British during exploration times. Most of South America use the peso because of the spanish settlements. Africans use the franc after being a colonized by the France. In the Mediterranean region, many countries use the pound sterling's after the impact of Europeans in the area. These European countries impacted many of the present day countries economy.
Even though the franc is used in over twenty countries, it is not used in the country where it was created. The franc was the national currency of France between 1360 through 1641 and once again between 1795 until 1999. The first franc was a 3.87-gram gold coin minted in 1360. The franc is divided into one hundred centines. Even after France switched over to using the euro many countries still used the franc such as: Benin, Burkina Faso, Burundi, Cameroon, Central African Republic, Chad, Comoros, Congo, Côote d'Ivoire, Djibouti, Equatorial Guinea, Gabon, Guinea, Guinea-Bissau, Liechtenstein, Madagascar, Mali, Niger, Rwanda, Senegal, Switzerland, and Togo. The Switzerland is the only European nation that stills has their currency named franc.
While settling the western hemisphere the Spanish also established the peso in the Americas. Today the countries of Chile, Colombia, Cuba, Dominican Republic, Guinea-Bissau, and Mexico all use the pesos. The Spanish originally established all of these countries in the 1600s and 1700s. As well, the peso is used in the Philippines and Uruguay. The average peso is 27 grams and 92 percent pure silver. Even though the peso is used in most of the former Spanish colonies, Spain prefers to use the euro.
When King Henry II of England introduced the pound as the currency of England, he probably did not think the pound is the currency of eight other countries. King Henry II proclaimed the currency in 1158 in the great power nation of Great Britain. The pound is now called sterlings because, sterlings in French translated to stiere in Old English. Before the United Kingdom adopted the Euro, they used the pound sterling. The pound is broken into one hundred pence in the entire nation that uses it: Cyprus, Egypt, Falkland, Islands, Gibraltar, Lebanon, Siena, Sudan, and Syria.
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