There are over 180 currencies the world over as recognised by the United Nations that are used by millions in their day-to-day activities. As globalization has spurred on international trade, currencies have become very fluid and transcend international borders. But have you ever stopped to think how some of the major world`s currencies got their names? Here is a brief explainer on the origin of some of the world`s currencies, in no particular order of importance: Pound The British Pound is the world`s most oldest currency still in use, tracing its origins as far back as the 8 th century, while the South Sudanese pound which was introduced in July 2011 is the world`s newest currency. The word pound has its roots in the Latin word “poundus’ which loosely translates to “weight” in modern English. Some of the countries that use the pound include Cyprus, Britain, Egypt and the two Sudanese countries. Rand The Rand is predominantly used in South Africa, and was i
Economics, Business and Finance