How World Currencies Got Their Name
2016.03.25
How did the world's currencies get their names? Here's taking a look at some of their history. It's actually quite interesting.
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Pound
The British pound is derived from the Latin word “poundus” meaning “weight.”![currency1.png currency1.png](/files/attach/images02/591/320/284/015/currency1.png)
Rand
South Africa’s rand comes from the Dutch name for the South African city Witwatersrand, an area rich in gold.![currency2.png currency2.png](/files/attach/images02/591/320/284/015/currency2.png)
Rial
The Latin word “regalis,” meaning “royal,” is the origin for the Omani and Iranian “rial.”![currency3.png currency3.png](/files/attach/images02/591/320/284/015/currency3.png)
Zloty
“Zloty” is the Polish word for “golden.”![currency4.jpg currency4.jpg](/files/attach/images02/591/320/284/015/currency4.jpg)
Peso
“Peso” literally means “weight” in Spanish.![currency5.png currency5.png](/files/attach/images02/591/320/284/015/currency5.png)
Rupee
The Sanskrit word for wrought silver is “rupya,” which lends its name to the Indian and Pakistani rupee.![currency6.jpg currency6.jpg](/files/attach/images02/591/320/284/015/currency6.jpg)
Mark
The Deutsche mark and the Finnish markka also draw their names from units of weight.![currency7.jpg currency7.jpg](/files/attach/images02/591/320/284/015/currency7.jpg)
Dollar
According to OxfordWords, the Flemish or Low German word “joachimsthal” referred to Joachim’s Valley, where silver was once mined. Coins minted from this mine became “joachimsthaler,” which was later shortened to “thaler” and which eventually morphed into “dollar.”![currency8.jpg currency8.jpg](/files/attach/images02/591/320/284/015/currency8.jpg)
Kroner
Many Scandinavian countries use a currency that derives from the Latin word “corona,” meaning “crown.”![currency9.jpg currency9.jpg](/files/attach/images02/591/320/284/015/currency9.jpg)
Ringgit
When coins were minted in precious metals, thieves would shave off small portions of the metal to create new coins.To combat this, countries began minting coins with jagged edges. The Malaysian word for jagged is “ringgit,” the name of the currency.![currency10.jpg currency10.jpg](/files/attach/images02/591/320/284/015/currency10.jpg)
Chinese yuan, Japanese yen, and Korean won
The Chinese character “圓,” meaning “round” or “round coin,” is responsible for the name of the Chinese yuan, Japanese yen, and Korean won.![currency11.jpg currency11.jpg](/files/attach/images02/591/320/284/015/currency11.jpg)
Lira
The Italian and Turkish “lira” come from the Latin word “libra,” meaning “pound.”![currency12.png currency12.png](/files/attach/images02/591/320/284/015/currency12.png)
Forint
The Hungarian forint comes from the Italian word “fiorino,” a gold coin from Florence.![currency13.png currency13.png](/files/attach/images02/591/320/284/015/currency13.png)
Ruble
Russia’s and Belarus’ ruble are named after a measure of weight for silver.![currency14.jpg currency14.jpg](/files/attach/images02/591/320/284/015/currency14.jpg)
Dinar
This is a pretty straightforward truncation of the Latin word “denarius,” which was a silver coin used in ancient Rome.![currency15.png currency15.png](/files/attach/images02/591/320/284/015/currency15.png)
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