Currency in where fonded first
It is difficult to determine where currency was first founded as the concept of currency has been used in various forms throughout history and across different civilizations. However, the first documented use of currency as we know it today was in Lydia, an ancient kingdom located in what is now modern-day Turkey, around the 7th century BCE. The Lydian civilization was known for minting coins made of electrum, a naturally occurring alloy of gold and silver. These coins were used for trade and became widely accepted as a medium of exchange, laying the foundation for modern banking and finance systems.
The first known currency systems appeared independently in different regions of the world. Here are some examples:
1. Mesopotamia (modern-day Iraq): The world's oldest known currency was used in Mesopotamia around 3000 BCE. It consisted of standardized silver rings known as "shekels," which were used for trading goods and services.
2. Ancient China: The use of cowrie shells as a form of currency is believed to date back as early as 1500 BCE in China. These shells were used for transactions and symbolized wealth and status in ancient Chinese society.
3. Ancient India: The earliest coins in India were known as "punch-marked" coins and were introduced around the 6th century BCE. These coins were made of silver and featured different symbols punched on them to indicate their value.
4. Ancient Greece: The Greek city-states, such as Athens, started using silver coins known as "drachmas" around the 6th century BCE. These coins became a widely accepted medium of exchange in the Mediterranean region.
It's important to note that these examples represent just a few early instances of currency development, and many other civilizations and regions also developed their own forms of currency during different time periods.