THE HISTORY CURRENCIES
The unit of purchasing power A medium of exchange SIA BANK NEGARA MALAYS 50
You have a barrel of rice
You have a barrel of rice And you want to buy a cow
But what if the barrel of rice you have is not sufficient to trade for a cow?
That's exactly how currencies originated
In barter system all other commodities that got traded were mostly perishable which means there is no value of those goods after they expire.
Money or currencies allowW people to accumulate wealth.
Commodity currency Coins Paper money Electronic currency 0 BANK NEGARA MA MALAYSIA 50
The first coins were minted in Lydia, an ancient empire in the area of modern Turkey.
An import nt e ffect of coins was that governments now Comtrolled the release of m ney into the market.
benne Cred ityf-gesele innebafwanbe bars at fordra Tio Daler SolfwerMTynt/ohee warder af of Banco Director, Commilarier, Boothallare och Cafleurer hwar f r sigh och medi dhe egne andere Dn derstrtfft och Signeter attefterat; Safom och fil yercrmehre wisso mcdh dhe her tiff rord n Ocft rec od minore 1 ances giten verifierar, banna Stock- ) wer i Srockholms Banco fub No 996 2 holms Banco An. 166 0 cn AcSwedish bank issued paper mone in 166
s0 50 The value of money is based on our perception of fits worth THE BANK OFENGLAND HIEF CASWIER HFTY POU