Everything About Money

Money through history

Metals, vanished coinages and every currency on this site placed on one origin timeline.

Before national fiat, silver coins and gold set prices across oceans. This pillar gathers historical money and precious metals on this site, and places every currency's origin on one timeline.

Metals & vanished money

Timeline

1497 🪙 Spanish dollar Spain

The real de a ocho, reformed under the Catholic Monarchs, became the world's first truly global trade coin.

1792 💵 United States dollar Philadelphia

The Coinage Act of 1792 created the dollar as the United States unit of account, defining it in silver and gold and founding the Philadelphia Mint.

1821 🇲🇽 Mexican peso Mexico

Independent Mexico continued the peso of eight reales; the modern nuevo peso (MXN) arrived in 1993 after inflation.

1844 🇹🇷 Turkish lira Ottoman Empire

The Ottoman lira was introduced in 1844; the Republic kept the name, later striking six zeros in the 2005 new lira reform.

1850 🇨🇭 Swiss franc Bern

The federal Swiss franc replaced cantonal currencies after the 1848 constitution, aligning Switzerland with the French franc system.

1858 🇨🇦 Canadian dollar Province of Canada

Decimal Canadian dollars replaced sterling accounting in the Province of Canada in 1858, later becoming the dominion's currency.

1863 🇭🇰 Hong Kong dollar Hong Kong

Hong Kong adopted a silver dollar standard in the 1860s; note-issuing banks later defined the modern Hong Kong dollar.

1871 💴 Japanese yen Tokyo

The New Currency Act of 1871 adopted the yen, replacing the complex Tokugawa coinage with a modern decimal unit modelled on Western practice.

1873 🇸🇪 Swedish krona Stockholm

Sweden joined the Scandinavian Monetary Union in 1873, introducing the krona to replace the riksdaler.

1897 🇹🇭 Thai baht Bangkok

King Chulalongkorn's reforms decimalised Siamese currency; the baht became the modern unit replacing the old tical system.

1924 📜 Reichsmark Berlin

The Reichsmark replaced the worthless Papiermark after the 1923 hyperinflation, restoring a gold-linked unit under the Dawes framework.

1927 🇸🇦 Saudi riyal Hejaz / Nejd

Saudi Arabia unified coinage in the 1920s–30s; the modern riyal became the kingdom's standard unit tied to oil revenue cycles.

1948 🇨🇳 Chinese yuan (renminbi) Shijiazhuang

The People's Bank of China issued the renminbi in 1948 as the Communists unified currency ahead of founding the PRC.

1949 🇹🇼 New Taiwan dollar Taipei

The New Taiwan dollar replaced the old Taiwan dollar in 1949 at 40,000 to 1, stabilising prices after the Chinese Civil War retreat.

1961 🇿🇦 South African rand Pretoria

The rand replaced the South African pound at decimalisation when the Republic was declared in 1961.

1962 🇰🇷 South Korean won Seoul

The modern South Korean won was introduced in 1962 at 10 hwan to 1 won, resetting the post-war currency after hyperinflation and reform.

1966 🇦🇺 Australian dollar Canberra

Australia decimalised on 14 February 1966, replacing the Australian pound with the dollar at two dollars to the pound.

1967 🇸🇬 Singapore dollar Singapore

After the Currency Board era shared with Malaysia, Singapore issued its own dollar in 1967 under the Board of Commissioners of Currency.

1973 🇦🇪 UAE dirham Abu Dhabi

The UAE dirham replaced the Qatar and Dubai riyal in 1973 after federation, later settling into a hard dollar peg.

1992 🇦🇷 Argentine peso Buenos Aires

The convertible peso replaced the austral in 1992 at 10,000 to 1, initially pegged one-to-one to the US dollar.

1994 🇧🇷 Brazilian real Brasília

The real launched on 1 July 1994 under the Plano Real, replacing the cruzeiro real and anchoring prices with a new unit.

1999 💶 Euro Frankfurt / Brussels

The euro launched as book money on 1 January 1999 for eleven EU members; euro banknotes and coins followed in 2002.

211 BCE 🏛️ Roman denarius Rome

Rome introduced the denarius during the Second Punic War, creating a silver unit that structured Mediterranean prices for centuries.

c. 13th c. 🇷🇺 Russian ruble Rus' lands

The ruble began as a unit of silver weight in medieval Rus'; imperial and Soviet reforms repeatedly redefined the modern note.

c. 1540 🇮🇳 Indian rupee Sher Shah's India

Sher Shah Suri standardised a silver rupiya in the 1540s; the name and silver standard shaped later Mughal and British Indian coinage.

c. 600 BCE 🥇 Gold Lydia

Electrum and then gold coins from Lydia and Persia began the long career of gold as coined money and later as a reserve anchor.

c. 600 BCE 🥈 Silver Aegean / Near East

Silver coinage spread from the Greek world and Near East as the everyday monetary metal alongside scarcer gold.

c. 775 💷 Pound sterling Anglo-Saxon England

Sterling traces to silver pennies of the Anglo-Saxon kingdoms; the pound as 240 pence became the accounting unit of medieval England.