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ALL ABOUT MONEY

PRODUCTION OF MONEY TODAY– A REAL SCIENCE

EXPERTS ARE CONSTANTLY DEVISING NEW SAFETY MEASURES THAT ARE EXTREMELY DIFFICULT FOR ANYONE TO BYPASS OR TO DUPLICATE. IT IS DUE TO SOME SUCH MEASURES THAT CRIMINALS NOWADAYS FIND IT DIFFICULT TO FORGE MONEY. THE LARGE EURO COINS, FOR INSTANCE, HAVE MAGNETIC CORE, WHICH IS SURROUNDED BY NON-MAGNETIC RING. IN CURRENCY NOTES, THE SAFETY FEATURES ARE MUCH MORE COMPLICATED. THIS CONTAIN WATERMARK THAT ONE CAN SEE WITH THE HELP OF THE BLACK LIGHT, A MICROPRINT THAT ONE CAN READ ONLY WITH THE MAGNIFYING GLASS AND A SHINING SILVERY CINEGRAM, WHICH IS DIFFICULT TO MAKE. IN ADDITION, CERTAIN PRINTS ON BANK NOTES CAN ONLY BE SEEN WITH A UV RAYS. FOR THIS REASON, HIGH-VALUE BANKNOTES ARE PLACED UNDER A BLACK LIGHT ON THE CASH COUNTER TO CHECK WEATHER THEY ARE AUTHENTIC OR NOT.

DO YOU KNOW?

(A) THE BRITISH POUND IS THE WORLD’S FIRST CURRENCY AND IT IS STILL IN USE.
THE BRITISH POND IS 1,200 YEARS OLD.
(B) THE AVERAGE LIFESPAN OF PAPER MONEY IS 4.5 YEARS TO 15 YEARS.
(C) IT IS ILLEGAL TO DEFACE MONEY.

THE TOP MOST TRADABLE CURRENCIES AROUND THE GLOBE:

1. THE U.S. DOLLAR (USD)
2. EUROPEAN EURO (EUR)
3. JAPANESE YEN (JPY)
4. BRITISH POUND (GBP)
5. SWISS FRANC (CHF)
6. CANADIAN DOLLAR (CAD)
7. AUSTRALIAN DOLLAR (AUD)
8. NEW ZEALAND DOLLAR (NZD)
9. SOUTH AFRICAN RAND (ZAR)

MATERIAL USED TO MAKE MONEY:

(A) COTTON 75 PERCENTAGE
(B) LINEN 25 PERCENTAGE

LEARN MORE:

TRADE

BLOCKCHAIN TECHNOLOGY


11 thoughts on “ALL ABOUT MONEY

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