The world of banknotes!

Before you work in the cash handling industry banknotes are shopping money, or a reason once or twice a year (if you’re lucky) to get excited at the start of your holiday as you pick up your foreign currency! You might check the exchange rate but I doubt you think about who is on the notes or what they represent.

Most banknotes feature famous faces from a Country’s History – presidents, inventors, even sports people. As Head of the Commonwealth, Queen Elizabeth II appears on more banknotes than anyone else including notes from Australia, Canada and the UK. Throughout her reign the Queen has featured on banknotes from over 33 different countries.

australian_dollar_notes Australian 5 Dollar

Today there are ~ 210 different currencies worldwide, each classified with a three letter code (as documented in ISO 4217). These 3 letter codes indicate the country and currency and are widely used in the cash handling industry. eg. The Swiss franc is represented by CHF. CH is the country code for Switzerland and F indicates the franc.

fiji  one penny 1266-f Fiji 1 Penny

The world’s lowest denomination note the Fiji 1 penny, was issued in 1942 when the old penny was 1/240 of a pound. The world’s highest denomination note was issued in Hungary in 1946. The 100 Million B-Pengo (100,000,000,000,000,000,000) was only worth about U.S. $0.20!

Dayna Patterson, Marketing Executive 16.09.13

Dayna Patterson

http://www.innovative-technology.co.uk

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