The more we learn about money the better we understand it
RUPEE:
The new sign is an amalgam of the Devanagari letter Ra and the Latin capital letter R. The parallel lines at the top (with white space between them) make an allusion to the tricolored Indian flag.
US DOLLAR:
Back in 1794 ‘ps’ the abbreviated unit for the Spanish Peso was frequently traded. A shorthand version
with the p and s overlapping has come to be known as the Dollar symbol of today.
JAPANESE YEN:
The word Yen (actually pronounced as en) means round object in Japanese. It describes the shape of coins globally. Foreigners often pronounced en with a y preceding it. Which is probably how it has come to be symbolized as Y?
EURO:
The symbol is inspired by the Greek symbol ‘ Epsilon’, popularly the E in English and represents the first letter of the word Europe. The parallel lines across the Epsilon are to certify the stability of the currency.
SAUDI RIYAL:
Riyal is the term given to currencies of various Arabian Countries. The Saudi Riyal is denoted by the sign SR in English and was first introduced in 1963. It is divided into 100 parts, each of which is referred to as ‘Hallalah’.
CHINESE RENMINBI:
Abbreviated as RMB, the Renminbi is the official currency of the People’s Republic of China. The Renminbi is commonly referred to as the people’s currency and is the legal tender in mainland China, excluding Hong Kong and Macau. Its units are the Yuan, Jiao and Fen.
BRITISH POUND:
The Pound Sterling is the official unit of currency used in the United Kingdom. It finds its origin from Libra, the Latin word for Pound. It is less formally referred to as ‘Quid’.
DIRHAM:
The Dirham a unit of currency in UAE was introduced in 1971. The name derives from the Greek currency ‘Drachma’. It is most commonly represented as AED and sometimes, as Dh or Dhs.
SOUTH AFRICAN RAND:
Symbolized by the letter ‘R’, the Rand was introduced on 14th February 1961, the same year, the Republic of South Africa was established. The name ‘Rand’ was taken after Witwatersrand, the ridge upon which Johannesburg is built and where most of South Africa’s gold deposits were found.
TURKISH LIRA:
The Lira was introduced in 1844, replacing the ‘Kurus’ as the principal unit of currency. In late December 2003, the Lira was redenominated by the removal of six zeros to create the new currency of Turkey. This
new currency came to be known as the new LIRA.
SWEDISH KRONA:
The Swedish Krona came into existence in the year 1873. Krona , literally ‘crown’ in Swedish, is often depicted with ‘kr’ and is called ‘Kronor’ in plural form.
PESO:
Peso (literally meaning weight in Spanish) was the name of a coin that originated in Spain and became immensely important internationally. Peso is now the monetary unit of several former Spanish colonies including Argentina, Philippines, Mexico, Cuba and Columbia.
