Money Facts

Money makes the world go round. If you haven’t heard this saying, you’re missing out. Money can make a lot of things happen. It has become a means of survival and a source of motivation for people to go on and on.

Talking about money, here are some fascinating facts about money which are worth mentioning. So, here they are:

  1. Only 8% of the world’s currency is available in cash. The rest is in digital form.
  2. Pound sterling is the world’s oldest currency in use It was introduced in the eighth century and you can see it being used to this day.
  3. The Iranian Rial is the cheapest currency in the world. It is going to remain so for a long time.
  4. A US $1 bill lasts for around 18 months.
  5. You can find traces of cocaine in most banknotes.
  6. The manufacturing cost of a US penny is double of its face value. The cost incurred in manufacturing each US penny is about 2.4 cents.
  7. If you observe a US coin, you’ll see a motto on it. The first motto on a US coin was “Mind Your Business”.
  8. The person to have appeared in more currencies and coins than any other person in the world is Queen Elizabeth II. Her portrait appears in the currencies of more than 30 countries.
  9. You can only find portraits of dead people on US currency notes and coins. According to the US legislation, any living person is forbidden from appearing on the US coins or banknotes.

Those were some of the most interesting facts about money. Tell us how you like these facts. Share with us more money facts you know of.