Coins and currencies for different countries, how did they come about?
Money makes the world go round. When economists heard this old saying, they quickly figured out that money was urgently needed so that the earth didn’t stop rotating on its axis. And from then on, the establishment of the Mint to finance Hawala transactions was purely evolutionary. How does having symbols for currencies help? It’s the most logical thing to do. Take the dollar, for example. If you say ‘dollar’, people might mistake it for something else. But when you write ‘$’, people will surely figure out that you are typing with the ‘Caps Lock’ button on. Just imagine, Indian rupee is going to join this Upper Caps pantheon. What’s the practical help in having a symbol for rupee? Quite obviously, the inflation will ease. Don’t ask me how. I just said quite obviously. The other big plus of having a symbol for your currency is, sooner or later it will be used to convey cuss words in print. For the record, the dollar has been so powerful so far because it is the chief ingredient when you
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