Popular Currencies And Their
English Public
At Xpress Money, we encounter most of the world’s currencies almost every day. By virtue of our customers being spread across the far corners of the globe, we see currencies ranging from the United States Dollar to the Indian Rupee, the Filipino Peso, Chinese Yuan to the United Arab Emirates Dirham, Omani Riyal, Bangladeshi Taka, the Great British Pound, the Kenyan Shilling etc., amongst hundreds of other currencies that we deal with.
But have we ever paused to ask how these currencies got their names. Why was the very first dollar called a dollar? So let’s go behind the scenes and open up the history books to find out where a few of these currency names originate <a style="color:#333333;text-decoration:none;" href="http://blog.cnyes.com/My/oncemore/">FX投資精選</a>.
United States Dollar
It’s not just the US that names its currency the dollar. Even, countries like Australia, Canada, Fiji, New Zealand, and Singapore have the same name for their currency. The origins of the term aren’t even English. Apparently, they originate in Low German or Flemish where “joachimsthal” was used to refer to Joachim’s Valley – which was a source of silver. Coins made from the Joachim mine became “joachimsthaler”, later shortened to “thaler” and eventually changing to dollar1.
UAE Dirham
Dirham isn’t originally an Arabic word. Sources have it coming from the Greek drachma. The Dirham was adopted as currency in the Islamic world around the 7th century. Today, only the UAE and Morocco use the term Dirham to name their currency2.
But have we ever paused to ask how these currencies got their names. Why was the very first dollar called a dollar? So let’s go behind the scenes and open up the history books to find out where a few of these currency names originate <a style="color:#333333;text-decoration:none;" href="http://blog.cnyes.com/My/oncemore/">FX投資精選</a>.
United States Dollar
It’s not just the US that names its currency the dollar. Even, countries like Australia, Canada, Fiji, New Zealand, and Singapore have the same name for their currency. The origins of the term aren’t even English. Apparently, they originate in Low German or Flemish where “joachimsthal” was used to refer to Joachim’s Valley – which was a source of silver. Coins made from the Joachim mine became “joachimsthaler”, later shortened to “thaler” and eventually changing to dollar1.
UAE Dirham
Dirham isn’t originally an Arabic word. Sources have it coming from the Greek drachma. The Dirham was adopted as currency in the Islamic world around the 7th century. Today, only the UAE and Morocco use the term Dirham to name their currency2.
by foreignuemne
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