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History

The History of Money and Banking

Quick fact

The first known government-issued coins were minted in the Kingdom of Lydia (modern-day Turkey) around 600 BCE, made from a natural gold-silver alloy called electrum.

Why this is interesting

You use money every day, but have you ever wondered how a piece of paper or a digital number can hold value? The answer lies in thousands of years of human ingenuity and trust.