Money Matters...

Money Matters, and it is important to know about Money when we travell.

1. Rupee – The new sign is an amalgam of the Devanagari letter (Ra) and the Latin capital letter “R”. The parallel lines at the top (with white space between them) make an allusion to the tricolored Indian flag.
2. U.S. Dollar – Back in 1794, ‘ps’ : the abbreviated unit for the Spanish Peso was frequently traded. A shorthand version, with the p and the s overlapping, has come to be known as the dollar symbol of today.
3. Japanese Yen – The word ‘yen’, (actually pronounced as ‘en’) means ‘round object’ in Japanese. It describes the shape of coins globally. Foreigners often pronounced ‘en’ with a ‘y’ preceding it. Which is probably how it has come to symbolized as a ‘Y’.
4. Euro – The symbol is inspired by the Greek symbol ‘Epsilon’, popularly, the “E” in English and represents the first letter of the word “Europe”. The parallel lines across the epsilon are to certify the stability of the currency.
5. Riyal – This is the term given to currencies of various Arabian countries. The Saudi riyal is denoted by the sign SR in English and was first introduced in 1963. It is divided into 100 parts, each of which is refrred to as “hallalah”
6. Chinese Renminbi – Abbreviated, as RMB, the Renminbi is the official currency of the People’s Republic of China. The Renminbi is commonly referred to as the ‘people’s currency’ and is the legal tender in mainland China, excluding Hong Kong and Macau. Its units are the Yuan, Jiao and Fen.
7. British Pound – The pound sterling (formally), is the official unit of currency used in the United Kingdom. It is denote rarely as L and find their origin from ‘Libra’, the Latin word for ‘pound’. It is less formally referred to as ‘quid’.
8. Dirham – The Dirham, a unit of currency in UAE, was introduced in 1971. The name derives from the Greek currency ‘drachma’. It is most commonly represented as AED and sometimes, as Dh or Dhs.
9. South African Rand – Symbolized by the letter ‘R’, the rand was introduced on 14th February 1961, the same year in which the Republic of South Africa was established. The name ‘rand’ was taken after Witwatersrand, the ridge upon which Johannesburg is built and where most of South Africa’s gold deposits were found.
10. Turkish Lira – The lira was introduced in 1844, replacing the ‘kurus’ as the principal unit of currency. In late December 2003, the Lira was redenominated by the removal of six zeros to create the new currency of Turkey. This new currency came to be known as the ‘new Lira’.
11. Swedish Krona – The Swedish Krona came into existence in the year 1873. Krona, literally ‘Crown’ in Swedish, is often depicted with “Kr” and is called “Kronor” in plural form.
12. Pesos – Peso (literally meaning weight in Spanish) was the name of a coin that originated in Spain and became immensely important internationally. Peso is now the monetary unit of several former Spanish colonies including Argentina, Philippines, Mexico, Cuba and Colombia.