Monetery Name in History

Post on 24 Sep 2009 • Category: Personal Finance

The origins of the names of monies are sometimes not what one would guess. Here are the historical origins of a select few:-

krona – From the word meaning “crown” and simultaneously that of “gold” from the Latin aureus.

dollar – From the German Daler or Taler, an abbreviation of the name given the silver coin joachim-sthaler.

peso – From the word meaning “weight”. The peso was established in Spain in 1497 by King Ferdinand and Queen Isabella.

pound – Pound is from the Roman libra or pound, money of account from early medieval times. The British pound is from the eighth century in Anglo-Saxon Britain, when the basic monetary unit called the sterling.

yen – From Japanese meaning “round”, and basically borrowed from the Chinese term yuan also meaning round.