{"id":9897,"date":"2023-01-25T09:00:27","date_gmt":"2023-01-25T09:00:27","guid":{"rendered":"https:\/\/finseta.com\/?p=9897"},"modified":"2023-01-09T15:48:46","modified_gmt":"2023-01-09T15:48:46","slug":"the-origins-of-common-currency-names","status":"publish","type":"post","link":"https:\/\/finseta.com\/ae-en\/the-origins-of-common-currency-names\/","title":{"rendered":"The origins of common currency names"},"content":{"rendered":"\t\t
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Dinar<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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The Dinar is the name of a number of currencies, mainly in the Arab world. It is derived from the Latin word ‘Denarius’ which was the name of an ancient Roman coin.\u00a0<\/p>

Many ancient Islamic nations used a form of Dinar, with the most famous being the Gold Dinar used by the Umayyad Empire in the 600s.<\/p>

In recent history, the most notable Dinar was used in Yugoslavia from 1965 until its dissolution.<\/p>

At present, nine current countries use a form of Dinar including Algeria, Bahrain, Iraq, Kuwait<\/a> and North Macedonia.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Dollar<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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When you think of a Dollar, you probably think about the USA<\/a>.<\/p>

Upon independence, the US Congress established the US Mint and declared the Dollar as the national currency in 1792.<\/p>

The Dollar is not an English term though, it\u2019s actually the anglicised version of the German word ‘Thaler’ which was a coin first issued in Bohemia in the 1500s.<\/p>

The first Dollars to be used in the Americas were worth seven silver coins of the Spanish Empire.<\/p>

There are currently well over twenty different currencies named \u2018Dollar.\u2019<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Franc<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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The origins of the term Franc, unsurprisingly, date back to medieval France<\/a>.\u00a0<\/p>

The Franc was historically used as a term to denote various monetary amounts in France. Following the French Revolution, a decimalised Franc was introduced as the national currency.<\/p>

The Franc was exported around the world in the 1800s and many countries which were previously colonised by France now use this name for their own independent currencies.\u00a0<\/p>

There are currently ten different currencies that share the name, the most famous of which is the Swiss Franc<\/a> used in Switzerland<\/a> and Liechtenstein<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Kroner<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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Krone\/Kroner\/Krona is a Nordic translation of the Latin word \u2018Corona\u2019 which means Crown.<\/p>

This has been the name for multiple historic currencies in Scandinavia.\u00a0<\/p>

Currently, Denmark<\/a>, Norway<\/a>, Sweden<\/a> and Iceland all use a form of this word as their currencies name.\u00a0<\/p>

There is also a variation, Koruna<\/a>, which is the name of the currency of the Czech Republic<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Peso<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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The origins of the Peso date back to the early Spanish Empire when the 8-real silver coin became known as a Peso.\u00a0<\/p>

The word literally means \u2018weight\u2019 in Spanish.<\/p>

The Peso is the name for many historic and current currencies in parts of the world that were once colonised by Spain<\/a>. The most significant being Mexico<\/a> and the Philippines.<\/p>

Currently, eight countries have a Peso as their currency.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Pound<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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Despite being prevalent in the British Isles and the former colonies of the UK, you may be surprised to learn that the term \u2018Pound\u2019 actually originates in the Roman Empire.<\/p>

The word Pound is based on the Latin word for a weight. Originally a Pound, therefore, was a weight of a wider currency. Think\u2026 a Pound of Sterling!<\/p>

There are several countries that use the name Pound for their currency including Sudan, South Sudan, Egypt, Lebanon and Syria.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Rial<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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The Rial\/Riyal name is based on the Latin term \u2018regalis\u2019 which literally means royal.\u00a0<\/p>

It shares a similar etymology to the \u2018Real\u2019 currency which can be found in Brazil and previously in Spain and Portugal which used the currencies called Real for many hundreds of years.<\/p>

Several Rial currencies use a Dinar or Dirham as a subunit. Including the Brazilian Real, six countries use the Riyal in their currencies name.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Rupee<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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The Rupee dates back thousands of years. It is thought to be based on the Sanskrit word r\u016bpya which, when literally translated, means a round silver coin.\u00a0<\/p>

The r\u016bpya was used in Ancient India and has been the name for a multitude of currencies on the Indian subcontinent.<\/p>

It was the name of various British colonial currencies in the region and is currently the name of several currencies stretching from India to Indonesia.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Shilling<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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The origin of the term Shilling is debated. Some believe it is based on the Old English term \u2018Scilling\u2019 which meant 1\/20th of a pound. It was used in the time of Charlemagne back in the 700s.<\/p>

A shilling as a formal coin was first minted in 1500s England and in the Holy Roman Empire in the 1600s. It went on to become a currency in its own right in many of Britain’s colonies. It was also the name of two Austrian currencies named \u2018Schillings.\u2019<\/p>

Shillings were removed from circulation in the UK following decimalisation in 1971 however four countries (all former British colonies) continue to use their own currencies named shillings.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Yen<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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The Yen, Yuan and Won all share the same roots which were colloquial words for \u2018Round\u2019 that referenced the round silver dollar coins of the Spanish Empire.<\/p>

Historically, Spain had dominated this part of the world and their currency had over time become commonly used in vast parts of Eastern Asia.\u00a0<\/p>

The first formal Yen currency was established in Japan<\/a> back in 1871. China<\/a> followed suit in 1889 with its currency the Yuan and Korea established the Won in 1902.\u00a0\u00a0<\/p>

At present, there are four countries that use a form of Yen.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Dinar The Dinar is the name of a number of currencies, mainly in the Arab world. It is derived from the Latin word ‘Denarius’ which was the name of an ancient Roman coin.\u00a0 Many ancient Islamic nations used a form of Dinar, with the most famous being the Gold Dinar used by the Umayyad Empire […]<\/p>\n","protected":false},"author":221728552,"featured_media":9909,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[1370],"tags":[],"class_list":["post-9897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"yoast_head":"\nThe origins of common currency names - Finseta<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/finseta.com\/ae-en\/the-origins-of-common-currency-names\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The origins of common currency names\" \/>\n<meta property=\"og:description\" content=\"Dinar The Dinar is the name of a number of currencies, mainly in the Arab world. 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