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29 surprising facts about the world's money

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Cash facts
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Cash facts

Did you have any idea banknotes can play records, legal Pokémon coins actually exist and nickels are more expensive to mint than dimes? Blow your mind with our pick of weird and wonderful facts about money.
18 December 2016
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Pound sterling is the world's oldest currency still in use
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Pound sterling is the world's oldest currency still in use

The UK's official unit of currency was introduced in the eighth century during the reign of Anglo Saxon King Offa of Mercia.
18 December 2016
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The US Bureau of Engraving and Printing will sell you $10,000 (£8k) for $45 (£36)
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The US Bureau of Engraving and Printing will sell you $10,000 (£8k) for $45 (£36)

The only catch is the banknotes are shredded and have no monetary value. The bags of mangled money are to available to purchase on the bureau's website.
18 December 2016
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The motto on the first US coin was “Mind Your Business”
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The motto on the first US coin was “Mind Your Business”

This wise piece of advice featured on the first one cent 'Fugio' coin designed by Benjamin Franklin in 1787. The famous “In God We Trust” motto didn't appear on American coins until 1864.
18 December 2016
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UK coins can be combined to reveal a secret shield design
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UK coins can be combined to reveal a secret shield design

You can arrange the newer 1p, 2p, 5p, 10p, 20p and 50p coins to reveal an esoteric shield design that mimics the coat of arms on the £1 coin. This clever feature was created by designer Matthew Dent in 2008.
18 December 2016
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Only 8% of the world's currency is in cash
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Only 8% of the world's currency is in cash

The vast majority of the planet's currency exists in electronic form – banknotes and coins make up just 8% of the global total.
18 December 2016
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Global debt is now almost 2.5 times greater than the world's total stockpiles of money
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Global debt is now almost 2.5 times greater than the world's total stockpiles of money

Total debt – the amount owed by every individual, organization and country on the planet – hit $199 trillion (£158trn) in 2016, but the world has only $80.9 trillion (£64.2trn) in cash and bank deposits.
18 December 2016
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No trees are cut down to make our banknotes
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No trees are cut down to make our banknotes

Zero trees are felled to produce our banknotes – non polymer banknotes are made from a cotton-linen mix and do not contain any wood pulp.
18 December 2016
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Star Wars, Pokémon and Frozen coins are legal tender on the island of Niue
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Star Wars, Pokémon and Frozen coins are legal tender on the island of Niue

The Polynesian island of Niue partners with the New Zealand Mint to produce the world's craziest legal tender coins, which commemorate everything from Stars Wars and Pokémon, to Disney's Frozen.
18 December 2016
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The new English £5 note can play vinyl records
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The new English £5 note can play vinyl records

Michael Ridge, a sound artist from Norwich, England hit the headlines hen he posted a video on YouTube showing him playing a vinyl record with the new £5 note. The polymer edges on the new banknote, which are relatively sharp and firm, are able to get into the tiny grooves on vinyl records, creating sound much like a stylus needle.
18 December 2016
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The new Australian $5 bill can also play your vinyl collection
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The new Australian $5 bill can also play your vinyl collection

In fact, any crisp new polymer note can be used to play a vinyl record. For instance, Melbourne record store Northside Records recently uploaded a video demonstrating the trick with the new Australian $5 bill.
18 December 2016
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The new English £5 note contains traces of animal fat
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The new English £5 note contains traces of animal fat

To the ire of non meat-eaters, the Bank of England has revealed its new plastic £5 note contains beef tallow, which is used in minuscule amounts in the polymer-manufacturing process.
18 December 2016
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Australian and Canadian banknotes are also made with animal fat
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Australian and Canadian banknotes are also made with animal fat

The Reserve Bank of Australia and the Bank of Canada – which source the polymer for their notes from the same supplier as the Bank of England – have also admitted there are likely to be traces of meat in their money.
18 December 2016
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24 countries use tallow-containing polymer in their banknotes
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24 countries use tallow-containing polymer in their banknotes

In fact, a total of 24 countries including New Zealand, Chile and Nigeria use the same polymer supplier, Innovia Security, and chances are their banknotes contain traces of animal fat too.
18 December 2016
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Each US penny costs more than double its face value to manufacture
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Each US penny costs more than double its face value to manufacture

Taking into account commodity prices, machinery costs, labor and so on, each US penny costs around 2.41 cents to make, more than double its face value.
18 December 2016
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Nickels are more expensive to produce than dimes
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Nickels are more expensive to produce than dimes

Although a nickel is worth half a dime, the five cent coin is more expensive to manufacture – it costs the US Mint 11.18 cents to produce a nickel and just 5.65 cents to mint a dime.
18 December 2016
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A $1 bill lasts just 18 months
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A $1 bill lasts just 18 months

While coins can stay in circulation for up to 30 years or longer, US banknotes have a much shorter lifespan, from just 18 months for the average $1 bill, to nine years for $50 and $100 banknotes.
18 December 2016
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The US Bureau of Engraving and Printing uses 9.7 tons of ink a day
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The US Bureau of Engraving and Printing uses 9.7 tons of ink a day

The US Bureau of Engraving and Printing goes through 9.7 tons of ink a day. The special green color-shifting ink is manufactured according to a top secret formula.
18 December 2016
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Most banknotes contain traces of cocaine
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Most banknotes contain traces of cocaine

Study after study has shown that most banknotes are contaminated with cocaine. Test results suggest all UK banknotes acquire traces of cocaine within weeks of entering circulation, and up to 90% of dollar bills are tainted with the drug.
18 December 2016
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The average European banknote is home to 26,000 colonies of bacteria
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The average European banknote is home to 26,000 colonies of bacteria

A recent Oxford University study found that the average European banknote contains 26,000 bacterial colonies, including virulent strains such as E.coli and salmonella.
18 December 2016
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There are more germs on a £1 coin than a toilet seat
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There are more germs on a £1 coin than a toilet seat

The same study discovered that the average £1 coin in circulation harbors more bacteria and viruses than a regularly-cleaned toilet seat.
18 December 2016
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Most dollar bills are teeming with bacteria
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Most dollar bills are teeming with bacteria

Similarly, tests show that 94% of dollar bills are contaminated with bacteria, 7% of which are potentially harmful, and scientists at New York University have even found traces of anthrax on US banknotes.
18 December 2016
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Polymer banknotes are three times cleaner than regular bills
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Polymer banknotes are three times cleaner than regular bills

Research from Harper Adams University in the UK indicates that plastic banknotes are three times more hygienic than regular cotton-based 'paper' bills and home to fewer bacterial colonies.
18 December 2016
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More Monopoly money is printed in the US than real cash
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More Monopoly money is printed in the US than real cash

The US Mint prints an estimated $974 million (£775m) annually, says CNBC, while Hasbro, the company that produces the popular game, churns out a humongous $30 billion (£24bn) in Monopoly money every year.
18 December 2016
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Pocahontas was the first woman to grace US dollar bills
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Pocahontas was the first woman to grace US dollar bills

The Native American heroine appeared on the $20 bill during the 1860s. The last woman to feature on a US banknote was the first First Lady Martha Washington in the 1890s.
18 December 2016
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Harriet Tubman will be the first woman to appear on a US banknote in over a hundred years
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Harriet Tubman will be the first woman to appear on a US banknote in over a hundred years

A portrait of anti-slavery activist Harriet Tubman will feature on the new $10 bill, which will enter circulation in 2020. Tubman will be the first African-American to appear on a US banknote.
18 December 2016
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Queen Elizabeth II features on the most coins and banknotes
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Queen Elizabeth II features on the most coins and banknotes

The reigning British monarch has appeared on more coins and banknotes than any other person and has featured on the currencies of more than 30 countries.
18 December 2016
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Living people are banned from appearing on US coins or banknotes
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Living people are banned from appearing on US coins or banknotes

Don't expect an Obama $10 bill or Trump dime any time soon. Legislation enacted in the 18th century forbids depictions of living people on US currency.
18 December 2016
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A massive $1.48 trillion (£1.18trn) is currently  in circulation worldwide
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A massive $1.48 trillion (£1.18trn) is currently in circulation worldwide

According to the latest Federal Reserve figures, a colossal $1.48 trillion (£1.18trn) is currently in circulation, but as many as 60% of dollar banknotes are held outside the US.
18 December 2016
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The world's least valuable coin is worth next to nothing
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The world's least valuable coin is worth next to nothing

Think the penny in your pocket isn't worth very much? Uzbekistan's tiyin is worth around 2,400 times less than a US one cent coin and is 3,000 times less valuable than a British penny.
18 December 2016
Features
  • Cash facts
  • Pound sterling is the world's oldest currency still in use
  • The US Bureau of Engraving and Printing will sell you $10,000 (£8k) for $45 (£36)
  • The motto on the first US coin was “Mind Your Business”
  • UK coins can be combined to reveal a secret shield design
  • Only 8% of the world's currency is in cash
  • Global debt is now almost 2.5 times greater than the world's total stockpiles of money
  • No trees are cut down to make our banknotes
  • Star Wars, Pokémon and Frozen coins are legal tender on the island of Niue
  • The new English £5 note can play vinyl records
  • The new Australian $5 bill can also play your vinyl collection
  • The new English £5 note contains traces of animal fat
  • Australian and Canadian banknotes are also made with animal fat
  • 24 countries use tallow-containing polymer in their banknotes
  • Each US penny costs more than double its face value to manufacture
  • Nickels are more expensive to produce than dimes
  • A $1 bill lasts just 18 months
  • The US Bureau of Engraving and Printing uses 9.7 tons of ink a day
  • Most banknotes contain traces of cocaine
  • The average European banknote is home to 26,000 colonies of bacteria
  • There are more germs on a £1 coin than a toilet seat
  • Most dollar bills are teeming with bacteria
  • Polymer banknotes are three times cleaner than regular bills
  • More Monopoly money is printed in the US than real cash
  • Pocahontas was the first woman to grace US dollar bills
  • Harriet Tubman will be the first woman to appear on a US banknote in over a hundred years
  • Queen Elizabeth II features on the most coins and banknotes
  • Living people are banned from appearing on US coins or banknotes
  • A massive $1.48 trillion (£1.18trn) is currently  in circulation worldwide
  • The world's least valuable coin is worth next to nothing

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