The coins were first made by Lydians in the 6th century BC. Coins that they created made of electrum, a substance which is a mixture of gold and silver with a composition of 75% gold and 25% silver. Coin was called a "starter" or "standard" with solid round shape like peas.
Later, the Greeks saw the coins and make their own version of the coins around 560-546 BC created by Croesus. Furthermore, the Greeks better known as a nation of metal money maker because they make coins with a variety of interesting pictures. In the old days, money rewarded according to the value of the constituent materials.
At the same time, the medium of money that serves as instrument means to pay, began to be developed and made from a variety of other solid objects such as pottery, ceramic or bronze.
Jachymod village in the Czech Republic, Eastern Europe, regarded as the first region using the currency named the dollar, which is the most popular currency in the modern age and appeared in the late 19th century Originally called Taler, then the Italians spell Tallero, tongue Netherlands said daler, Hawaii dala, and in the dialect of English is expressed as a dollar. Embryos of dollars are made from raw materials in the form of silver and gold coins, whose use is growing in many countries or states. Indeed Taler itself is growing currency designation in mainland Europe since the 16th century, the species is more than 1500, but in modern civilization, respectively - each nation or state creates its own designation for its currency to demonstrate independent status.
Along with economic development, difficulties arise when the development of exchange that must be served with a coin increases while the amount of precious metals (gold and silver) is very limited. The use of coins is also difficult to deal large amounts of paper money that was created.
In the history of the use of paper as a matter of money, China is regarded as the first nation to find it, which is about the first century AD during the Tang Dynasty. The inventor Ts'ai Lun who lived in the ancient country around the second century AD. Lun said to create the first paper from the bark of the mulberry tree leaves as feed for the silkworm silk industry of China. History others say, long before Lun, the Mesopotamians also been made of banknotes. But repeatedly failed because the raw materials used are not as strong as the materials used Lun. In China at the age of 300 years before the Emperor Tsing Lun, also been tried by the civil service. However foundered because the raw material is easily torn. Only after finding out that Lun mulberry bark as strong materials, and Lun himself proved the material was worthy of being bahanbaku currency, Chinese royal bureaucrats eventually produce the first paper currency in the world.
Long enough paper money circulating in China and in other countries continue to use coins. Only after Marcopolo stop to China in the 13th century, other nations recognize banknotes and imitate the creation of the Chinese nation.
In the modern age, Benjamin Franklin (USA) established as Mr. Banknotes because he was the first printing of dollars of paper material, which was originally used to finance the US war of independence. As a tribute to the government of Benjamin Franklin, portrait immortalized in sheet largest currency denomination dollars ($ 100).
Currently coins and banknotes continued to be used as a means of transactions in various currencies around the world. Both are in the category of traditional money, because now there is money in the new form, the electronic money.
Many forms of electronic money instead of coins or paper money. We know the term of this money in some kind, such as e-cash, e-money, cyber cash, DigiCash, cyberbuck, and who knows how many more. With the development of money, the more easier for us in the transaction because it does not have to carry money in physical form. Jack Weatherford said, "electronic money" resemble primitive forms of money are diverse - cowrie shells, animal teeth, and beads.
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