Have you ever wondered why different kinds of money are called what they are? Why a pound is called a pound and a peso called a peso? Here in this blog we will look at the world currencies and their etymological origins. Let’s see a few currencies names from all around the world and their possible meanings and origins.
After the Paper Currency Act was enacted in 1861 CE under the rule of British India, paper money began to be officially issued by the government. The act effectively ended the bank’s authority to issue notes. It gave the government monopoly over currency issues in India. James Wilson, the first Finance Member of the Government of India in 1859 CE, put in place initiatives that would introduce Indian banknotes issued by the government.