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What is the currency of your money? email this discussion to a friend?

myLot reputation of 92/100. kitten1954 (1132)   ranked 19 out of 956 in sharing of knowledge4 months ago

When I was a child we had POUNDS, SHILLINGS and PENCE here in New Zealand
We had a halfpenny, penny, threepence, sixpence, a florin, a half crown and a crown. The florin was equal to 2 shillings, half crown was equal to 2 shillings and six pence, and the crown was 5 shillings.

12 pennies were equal to one shilling, There were 20 shillings in a pound and 21 shillings in a guinea

The half pennies and pennies were bronze, all other coins were silver and a pound was equal to 2 dollars in our current currency. All money over a pound was paper.

In 1967 New Zealand changed to Decimal Currency or Dollars and cents. Our coins were (dark bronze)1c, 2c, (silver)5c, 10c, 20c, 50c (light bronze)$1, $2. Our currency today no longer has the 1c, 2c or 5c and our smallest coin is now 10c. The 50c has a ridged edge to assist with sight disabled people.

Quite a lot of people had difficulty changing over. I was lucky because I had just started working when Decimal Currency came in here. There was a little ditty that became quite popular at the time of the change. It is sung to the tune of "Click Go The Sheers" a shearing song I think may have originated in Australia who changed to Decimal Currency in 1966.

"In come the dollars, in come the cents.
Out go the pounds, the shillings and the pence
Then comes the day when the money starts to mix
On the 14th of February 1966.

So what is your local currency and have there been changes to it through the years?

HUGZ from KItten1954


Currency of New Zealand
 
 
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tags:  currency, money, coins, peso, dollar
 
1. myLot reputation of 95/100. danishcanadian (15137)   ranked 290 out of 956 in sharing of knowledge   4 months ago

In Canada we use Canadian dollars. Right now 97 American cents equal 1 Canadian dollar. I like it when the American dollar is just a little bit higher, because I can get more Canadian dollars out of the American dollars that I have. As long as hey stay really close togeher, I'm ine. I do a lot of travelling between Toronto and Phoenix, so the dollar is something I watch very closely,


myLot reputation of 92/100. kitten1954 (1132)   ranked 19 out of 956 in sharing of knowledge  4 months ago

I like to read about other currencies, not that I will ever get to use them probably, but one can dream

HUGZ from Kitten1954

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2. myLot reputation of 99/100. chechuva (800)   ranked 371 out of 956 in sharing of knowledge   4 months ago

Here in Philippines, our currency is Peso.
compared to American dollar, 1 US dollar is 44 pesos. 1 pound is equals to 36 pesos and 1euro is equals to 69 pesos.
our family is receiving dollars. it is a good thing that dollar is higher in peso. my father's salary is converted to dollar.


myLot reputation of 92/100. kitten1954 (1132)   ranked 19 out of 956 in sharing of knowledge  4 months ago

Sounds confusing to me.

HUGZ from Kitten1954

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3. myLot reputation of 89/100. zhuxia (170)   ranked 372 out of 956 in sharing of knowledge   4 months ago

When i was young,we have cent.
As time going,the money's face value became bigger and bigger.
Maybe it caused by appreciation of the RMB.


lilan84810 (1)  4 months ago

I believe it's partly caused by inflation.


myLot reputation of 92/100. kitten1954 (1132)   ranked 19 out of 956 in sharing of knowledge  4 months ago

Inflation is a world wide problem isn't it.

HUGZ from Kitten1954

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4. myLot reputation of 93/100. Ruthep (3928)   ranked 318 out of 956 in sharing of knowledge   4 months ago

In the US we have pennies, nickels, dimes, quarters, and bills.
There have been a couple attempts at coin dollars but it has never worked. We had the Susan B. Anthony dollar which was the exact same size as the quarter.
We had buffalo nickels. The head was a buffalo. We had a wheat penny. Sheafs of wheat were on the back.
We had half dollars with JFK's head on it.
We used to have two dollar bills but as far as I know they are not made anymore, but you can still use them just like any of the currency no longer in circulation.
The quarters now are state quarters. Fifty different kinds.
There have been lots of changes and I know there is more but I can not think of anymore right now.


myLot reputation of 92/100. kitten1954 (1132)   ranked 19 out of 956 in sharing of knowledge  4 months ago

The quarters I can understand but nickles and dimes?????

We have the ship Endeavour on our 50c and maori symbols on our other coins.

HUGZ from Kitten1954

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5. myLot reputation of 97/100. dragon54u (3975)   ranked 900 out of 956 in sharing of knowledge   4 months ago

We have the same as you here in the US but unfortunately, we still have that darned penny! I don't mind the nickel but pennies are rather ridiculous.

Our paper money has changed over the past few years in an effort to foil counterfeiters and is now a little more colorful than before. And they are saying now that our bills discriminate against sightless people--which is true, I don't know how they manage and they could be cheated by unscrupulous people. They will probably change our paper money in some way so that blind or visually impaired people will be able to distinguish the denominations.


myLot reputation of 92/100. kitten1954 (1132)   ranked 19 out of 956 in sharing of knowledge  4 months ago

Visually impaired people often have to trust sighted people and it is horrible to think that they are getting ripped off because of this.

HUGZ from Kitten1954

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6. myLot reputation of 93/100. Goodie123 (7274)   ranked 57 out of 956 in sharing of knowledge   4 months ago

Hi Kitten, as we are almost neighbours our currency is the same as yours.
I think we still have the 5 cent piece though.
Probably will not be long before it is gone though.

I think it was much easier for the younger generation to change over when decimal currency came in.
We had only been used to the old pounds shillings and pence for a short.
Where as our parents and grandparents had been using the old currency for a long time.


myLot reputation of 96/100. msmell (700)   ranked 769 out of 956 in sharing of knowledge  4 months ago

Aussie here too and yeah we still have the 0.05cent coins, wish they would change the $1 and $2 coins to note though (if memory servers me right weren't they are note in the first place and then they made them coins? cant remember now but that was a mistake if they did! )and then you wouldn't have all this change weighting down your purse or pocket.....


myLot reputation of 93/100. Goodie123 (7274)   ranked 57 out of 956 in sharing of knowledge  4 months ago

Yep, the $1 and $2 coins were notes for awhile.
I wish they were still notes also.
We end up with so many of them, my wallett is falling apart.


myLot reputation of 96/100. jwfarrimond (1365)  4 months ago

Yes, when Australia went decimal, 1 A$= 10 shillings and back then both the 10 shilling and one pound where notes. I think that I still have a 10/- note somewhere...

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7. myLot reputation of 98/100. ElicBxn (8805)   ranked 146 out of 956 in sharing of knowledge   4 months ago

Well, since I live in the states there's been no money change, just changing the looks of the bills in the last few years.

I will say that England was still on the old system when I went in the late 60's and on the deciminal system when I went back in 95.


myLot reputation of 98/100. liquorice (1101)   ranked 756 out of 956 in sharing of knowledge  4 months ago

Yep, we went decimal in 1971, which was two years before I was born, so luckily I didn't have to work with pounds, shillings and pence, it sounds a bit tricky! I do remember being fascinated by the old coins though. My mum and my grandma had kept some, and there were lots of interesting looking ones with lots of sides. They were different colours too (well, I mean different shades of brown maybe!)


myLot reputation of 92/100. kitten1954 (1132)   ranked 19 out of 956 in sharing of knowledge  4 months ago

I have seen other currencies in museums and coin collections, some of them look rather interesting don't they.

HUGZ from Kitten1954

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8. myLot reputation of 98/100. aseretdd (4854)   ranked 489 out of 956 in sharing of knowledge   4 months ago

The currency in my country, the Philippines, is called Peso... same name with that of Mexico... the name was given by the Spanish government when both countries were still under Spanish rule... and during the Galleon trade... the Philippines and Mexico were business partners... but i don't think neither of the two benefitted a lot from this...

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9. myLot reputation of 79/100. sparkofinsanity (1920)   4 months ago

Good Lord I have a headache now! LOL
So I'm off to count my pennies, (1cent), nickels(5cents)dimes(10cents), quarters(25cents),loonies($! coin),toonies($2coin) and whatever five dollar, ten dollar, twenty dollar, fifty dollar or hundred dollar paper bills I might have lying around! LOL
Now - how's YOUR headache? ROFL


myLot reputation of 92/100. kitten1954 (1132)   ranked 19 out of 956 in sharing of knowledge  4 months ago

I have never heard of loonies and toonies. Has the headache improved?

HUGZ from Kitten1954


myLot reputation of 79/100. sparkofinsanity (1920)  4 months ago

Headache cleared up when I stopped counting my money so I could describe it to you! LOL
In Canada we have a one dollar coin that is golden in colour and about the same size as your silver dollar. It has an imprint of a Canadian Loon in a lake on it. So they have been nicknamed Loonies. We also have a silver colored two dollar coin with an insert in the centre that is golden coloured. Sometimes the centres fall out and you have two coins, so we call them toonies! We Canadians are very loony tune people! ROFL

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10. myLot reputation of 88/100. riyasam (6239)   ranked 329 out of 956 in sharing of knowledge   4 months ago

at first in india was barter system.goods were exchanged for goods.but now things have changed,the present currency is rupee and paise 100pais=+one rupeeand i do not know exactly but i think one u.s. dollar is equivalent to fifty rupees.have a good day.


myLot reputation of 92/100. kitten1954 (1132)   ranked 19 out of 956 in sharing of knowledge  4 months ago

I think the barter system had its advantages. It would be easier than carrying all the coins around.

HUGZ from Kitten1954

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