Q & A - Special Issue

Q&A

What was the currency system in past?

Going deep in history not each civilization had a currency system but had the ‘barter’ system. Barter system meant that if some one wants some cows and found some one who is selling cows he will have to give some thing in exchange of the cows and if the person selling cows don’t want that thing in exchange then the customer will not get the cows! Time went, cows, tobacco grains, skins, salts and beads were used as money among people who were always ready to accept them. Have you heard about the Aryans?They were a fierce, nomadic Indo-European people who loved to fight, The used cattle as money. Alaskan fish hook, American throwing knife, yap stone, Chinese spas, zulu rings etc were used as money too. Later pieces of metsals were used and iti is asaid that they were the origin of coins. Now banknotes are made, making tradeand shopping etc easier…