Teach Your Kids Currencies With Their Symbols!

Last Updated on November 16, 2022

Currency, in some form or the other, has been in use for around 3,000 years. At some point in time, it was only in the form of coins. But, currency proved to be crucial to facilitating trade across continents.

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This article explains the concept of currency, its history and the different currencies of the world for kids to read and understand. Let’s start with the definition of currency.

What Is Currency?

In this section, let us understand: what do you mean by currency? A currency is a unit of exchange issued by a country that facilitates the transfer of goods and services. Each and every country has its own form of currency, which the central bank of that country oversees.

For example, the currency of India is INR, the currency of the United States is the U. S. dollar, the currency of Canada is the Canadian dollar, etc.

History Of Currency

The concept of currency dates back thousands of years, but it didn’t always look like what we have today. Many years ago, cultures worldwide used different items to represent a currency. These were usually items that were readily available to them. For example, about 3000 years ago, cowry shells were used as currency in China.

Then came the coins. The earliest evidence of the use of coins can be found in ancient Greece, around the year 600 B.C. These coins were usually made of precious metals such as gold, silver, copper, etc. and often featured images printed on them. These coins later became associated with governments and nations.

Next came the paper money. It is believed that the Chinese were the first people to begin using paper money around the 7th century A.D. Paper money was easier to carry when people were travelling or making large payments to others.

List Of Different Currencies Of The World

Your child will be surprised to know that different types of currencies are used by different countries. To make it easy for your kid to know the currency of various countries, we have listed the currency used by different countries below.

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