The Enduring Significance of Paper Currency in the Global Economy

Paper Currency, Global Economy

Paper notes have endured as an important aspect of the global economy for a long time, even as digital transactions continue to rise in popularity. Physical cash, unlike electronic systems, is still accepted everywhere and by all people making it a reliable means of payment worldwide. In areas where access to financial services is limited, … Read more

Transition to Paper Currency

Paper Currency

Currency was first officially Minted in 600 BCE. The Lydian stater, minted through King Alyattes, is thought to be the first legitimate foreign money and turned into made from a herbal aggregate of silver and gold known as electrum. These coins were imprinted with photos that represented their denominations. Lydia’s forex played a vital position … Read more