Categories: BusinessEconomy

10 oldest currencies still used today

The international market where currencies are exchanged between countries is known as the foreign exchange market, or forex (FX).

Forex is the world’s largest and most liquid market with over $6 trillion traded daily. It is not headquartered in one place, and it is not governed by a single government agency.

The US dollar, the euro, the Japanese yen, the Australian dollar, and the Swiss franc are a few of the most traded currencies.

However, it may surprise you to learn that some currencies have been in circulation for centuries.

Here is a list of the top 10 oldest currencies that are still in use today:

The British pound, sometimes referred to as the pound sterling, is the most ancient coin still in circulation.

The first silver pennies were struck in what is now England circa 775 AD, during the Anglo-Saxon era.

Originally worth one pound of silver, the pound sterling was made the official currency of England in the twelfth century by King Henry II.

The oldest currencies still in use today are the Russian ruble and the Serbian dinar, followed by the British pound.

In the thirteenth century, both were initially used. The US dollar was formally adopted in 1785, making it the most traded currency globally.

Business Now Desk

Recent Posts

Elite Backend Systems and AI Solutions by ADVIZR AI: Changing How Businesses Run

Advizr’s AI-backed systems are engineered to do one thing: unlock scale. By replacing repetitive workflows,…

2 days ago

LARGENCE: Redefining Legal Access for the Next Generation of Builders

LARGENCE is setting a new benchmark where anyone can draft, comprehend, and manage their own…

4 days ago

“Design is the New Source Code”: How BudoBoost is Transforming the Future of Software Creation

The traditional software stack wasn’t built for rapid iteration or inclusive collaboration. It’s too often…

1 week ago

Cubish: Building the World’s First Spatial Web One Cube at a Time

In a world increasingly shaped by digital realities, Cubish is pioneering the next transformative layer…

2 weeks ago

Mundibusiness: Revolutionizing Business Intelligence for SMEs

Business Now had the opportunity to talk with Rafael David Benito Crespo, the founder of…

2 weeks ago

CareersBar: Where Global Talent Meets AI-Powered Hiring and Career Well-being

CareersBar's MVP is now formally live following months of intense development and user feedback, offering…

4 weeks ago