Fascinating Money Facts

The Chinese were the ones who used paper bills for the very first time. During the Tang Dynasty, they started carrying folding money in the form or exchange notes or privately issued bills of credit and used it more over 500 years before it was practiced in Europe in the 17^th century. The word “cash” was originally used in the Tang Dynasty to describe “kai-yuans”, the type of round bronze coins with square holes

The World’s First ATM

John Shepherd-Barron invented the world’s first automatic teller machine, though his claim to the title is a matter of dispute. It was in 1967 that the first model was built and installed in London. Its main different from its modern counterpart is that it did not charge a fee.

The World’s Largest Single Banknote

The 100,000-peso note which was created by the Philippine government in 1998 was considered the largest single banknote in the world. It measures to about the size of a sheet of legal paper. This note was just offered to collectors and was only designed to celebrate a century of independence from Spanish rule.

Money Is Dirty

Studies revealed that a very solid majority of U.S. bills are contaminated by cocaine. Most drug traffickers have used coke-sullied hands in order to move cash, and plenty of users utilize roll bills into sniffing straws. Another study conducted in 2002 showed that 94% of dollar bills tested contain pathogens. It is also worth note taking that paper money can transport a live flu virus for up to 17 days.

Trivia Info Resource: www.miradorwealth.com.au