«Traditional Means of Payment»

The World’s Oldest Currency System

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It is customary today that the euro or the dollar are divided into 100 cents, and that we can pay a certain sum with different coin units. It was the legendary king Croesus of Lydia who first developed a monetary system with different denominations related to each other. His innovation meant an eminent simplification of trade – since then, goods are not bartered any more, but paid for with coin.

The World’s Oldest Currency System