Thursday, November 11, 2010

History of Banknotes


Most of us use banknotes / Currency Notes / Paper Money every day without a second thought, but after take close look at banknote, one can easily find the richness, culture, probably the famous person of the native country etc. Infact Banknotes are probably the easiest way to express native country’s traditions or culture. I prefer Banknotes on coins, because the modern banknotes are more expressive and very colorful than coins or I just love colourful banknotes.

Collecting world paper money helps you travel around the globe without leaving your home. When you collect world paper money you explore different cultures, places, countries and continents, get to know many famous people of the native country, learn about nature, animals, birds, rivers and lakes that are plentiful in seven continents of our Earth. Collecting world paper money
 teaches you arts, geography, history, foreign languages even politics to some extent.

Banknote and paper money collecting is an exciting hobby which many thousands of people
all over the world enjoy so much (probably you one of them). If you are new to this beautiful hobby of collecting truly fantastic, magical collectibles ever collected in the world from all the mysterious countries
and places on our Planet Earth, 

People recently started to collect paper money in some organized manner and one new kind of collection (polymer banknotes) are also added recently.

Although collecting of paper money was going on for a long time, but that was done only on a very small scale. Only in late 1950's paper money collecting became more of a global phenomenon. By 1920's paper money began to be issued by significantly more countries around the world and in early 1960's practically the whole world was using paper money for buy or sell transactions between people, businesses etc. As a result more and more people started collecting paper money as beautiful collectible
items, for an investment or both. These days collecting world notes is growing very strong and very fast. There are millions of paper money collectors all over the world and every year new ones join in. Knowledge abounds with a multitude of general and specialized catalogues covering notes of all modern and no longer existing countries.
Prices and value of collectible paper money grows steadily and better notes now bring much higher prices than before making an idea of investing in banknotes as well as collecting attractive.

Various countries of the world have their own words for "paper money". These are translations of words "banknotes" and "paper money" into some world languages:

French: Billets, Papier Monnaie;
German: Banknoten, Papier Geld;
Italian: Cartamoneta, Banconota;
Japanese: Shihei, Okane;
Lithuanian: Banknotai, Popieriniai Pinigai;
Russian: Banknoty, Bumazhniye Den'gi;
Spanish: Notas de Banco, Papel Moneda.
Pakistani: Rupee
Bangladesh: Taka
Indonesia: Rupiah