Connect with us


Business

The world’s top 10 oldest currencies that are still in use

Published

9dkktkpTURBXy9lYmY1ZjQ1NTZlY2ZlMjY3NDg0MTY5MDU4YmU4MWVlMS5wbmeSlQMAIc0CWM0BUZMFzQSwzQJ2

The world’s top 10 oldest currencies that are still in use, The concept of money was to basically allow individuals to communicate the price and value of goods and services as well as provide individuals with a way to store their wealth.

Over the years, shell money (shells or beads) and commodity money (Salt, weapons, grain, manilla) has been used across the world as noticed in the histories of Indigenous tribes of America to the villages of Africa.

Advertisement

About 3000 years after the barter form of trade existed, the first forms of currencies invented in early China and Europe were coins. The emergence of banks switched the currency production from coins to bank notes to enable easy storage and transportation.

With more innovation and advancement in financial technology, the emergence of mobile payments came on board in the 21st century and allowed individuals to transfer money to another individual with just a portable electronic device, such as a smartphone or tablet device.

Advertisement

Later on, Virtual currencies which exist electronically without the need for banks or regulatory authority were introduced. These include digital money like Ethereum (ETH), Ripple (XRP), Tether (USDT), and Litecoin (LTC).

Money and currency are sometimes used interchangeably but Investopedia clearly and distinctly defines money and currency as having different meanings.

The report defines money as an intangible concept which manifests physically or tangibly in the form of currency. In simpler terms, money is described in numbers while the basic form of currency is paper banknotes, coins, or plastic cards like credit or debit cards. So with this explanation, this article aims to unveil the earliest currencies that are still in use till date.

Advertisement

The table below sourced from VisualCapitalist highlights the 10 oldest currencies which were created years ago and are still traded today.

RankCountry/UserCurrencyIntroduced
1UK + 9 British territoriesBritish pound8th century
2SerbiaSerbian dinar1214
3RussiaRussian ruble13th century
4U.S.Dollar1785
5HaitiHaitian gourde1813
6Falkland IslandsFalkland Islands pound1833
7Dominican RepublicDominican peso1844
8SwitzerlandSwiss franc1850
9CanadaCanadian dollar1871
10JapanYen1871

The oldest currency that is still in use today is the British pound, also known as the pound sterling. The currency was created during the Anglo-Saxon period, when silver pennies were first minted in what is now England.

Advertisement

The oldest currencies after the British pounds (the Serbian dinar and the Russian ruble) were introduced in the 13th century and still used today while the US dollar came centuries later in 1785 and has remained the most traded currency in the world till date.

As long as world trade continues, the concept of money will always be here and will continue to evolve and adapt to human needs.

Advertisement

Turo247News is on WhatsApp!

CLICK HERE TO JOIN

Share News with us via Email: turo247newz.com@gmail.com

Join Our Social Media Channels
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Business

Healthcare breakthroughs transforming wellbeing in Nigeria

Published

on

33cced93 91a9 4c9a b99c f5e909d6c015

Advances in technology and improved practices in disease management are resulting in better treatment options and expanded access to care. Recent progress in telemedicine, diagnostics, and local pharmaceutical production are contributing to more reliable and effective health services.

Government and private sector initiatives are working together to address long-standing challenges such as funding and infrastructure.

As these improvements continue to develop, the overall quality of care rises, benefiting patients across urban and rural areas. This guide examines 5 areas where advances shape wellbeing in Nigeria.

ALSO READ: India to invest in Nigeria’s healthcare sector

Advertisement
  • Telemedicine and Remote Consultations

    Telemedicine services are expanding access to healthcare in both urban and rural settings. Remote consultations via video calls and mobile applications allow patients to receive timely medical advice without the need for travel. This development eases pressure on physical healthcare facilities and improves service delivery, particularly in areas with limited medical infrastructure.

  • Enhanced Diagnostic Technologies

    Recent improvements in diagnostic equipment and testing methods have led to quicker and more accurate detection of diseases. Locally developed diagnostic kits are now more affordable and accessible, enabling early intervention for conditions such as malaria, diabetes, and hypertension. These enhancements contribute to better treatment outcomes and improved public health management.

    Advertisement
  • Growth in Local Pharmaceutical Production

    There is a strong move toward increasing the production of essential medicines within Nigeria. By investing in local manufacturing, the healthcare system reduces its reliance on imported drugs, lowers costs, and ensures a steadier supply of quality medications. This focus on domestic production supports treatment efficacy and contributes to overall health system resilience.

EXPLORE: Medical expert warns bottled water, soft drinks left in sun may cause cancer

  • Healthcare System Reforms

    Advertisement

    Government initiatives are actively working to improve healthcare delivery through reforms aimed at strengthening infrastructure, increasing funding, and expanding insurance coverage. These measures target persistent challenges such as workforce shortages and inadequate primary care facilities, leading to a more efficient and accessible healthcare system for all Nigerians.

  • Public-Private Partnerships in Health

    Collaborative efforts between government bodies and private organizations are driving improvements in healthcare services. Joint investments in training, research, and infrastructure development have enhanced service quality and extended reach. These partnerships foster a shared commitment to sustainable healthcare improvements, benefiting communities nationwide.

Collectively, these developments enhance healthcare delivery and ensure better access to effective and affordable care for Nigerians. Continued support for these initiatives is essential for achieving long-term improvements in public health.

Advertisement

RECOMMENDED: FULL LIST: FG approves free maternal care in 154 hospitals nationwide


Turo247News is on WhatsApp!

CLICK HERE TO JOIN

Share News with us via Email: turo247newz.com@gmail.com

Join Our Social Media Channels
Continue Reading

Business

Pastor Enenche leads prayers of divine intervention as Soludo seeks religious leaders’ support

Published

on

Untitled design 2025 03 16T065951.625 1

Paul Enenche, the senior pastor of Dunamis International Gospel Centre, is leading prayers of divine intervention in Anambra state as

read more Pastor Enenche leads prayers of divine intervention as Soludo seeks religious leaders’ support


Turo247News is on WhatsApp!

CLICK HERE TO JOIN

Share News with us via Email: turo247newz.com@gmail.com

Join Our Social Media Channels
Continue Reading

Business

How academic excellence is driving entrepreneurship in Nigeria

Published

on

08478c31 a50d 440c 9774 2f22768515f4

Graduates are applying what they learn to create small businesses that generate jobs and support local communities. Universities and polytechnics now focus on hands-on training, mentorship programs, and research projects that develop practical solutions.

This approach bridges classroom learning and real-world business, enabling young entrepreneurs to address local challenges.

The emphasis on quality education and structured support is closely linked to growing entrepreneurial activity and economic progress.

ALSO READ: Here’s how Nigerian entrepreneurs can access international markets

Advertisement
  • Curriculum and Practical Training

    Academic programs now merge rigorous theory with extensive practical training. Courses in business, technology, and related fields incorporate hands-on projects, case studies, and fieldwork that equip students with essential skills in business planning, operations, and management. This approach ensures that graduates are well-prepared to address real-world challenges.

  • Incubation and Mentorship Programs

    Many institutions have established startup centers and comprehensive mentorship schemes. These initiatives connect aspiring entrepreneurs with experienced industry professionals who offer guidance on strategy, business development, and risk management.

    Advertisement

    By providing structured support and networking opportunities, these programs help transform innovative ideas into viable business models.

  • Research and Local Solutions

    Universities are increasingly directing research efforts toward solving local challenges. Collaborative projects between students, faculty, and community partners generate actionable insights that lead to practical products and services.

    Advertisement

    This focus on research not only enhances academic understanding but also produces tangible benefits for local markets.

EXPLORE: 7 Powerful tips to empower Nigeria’s rising women entrepreneurs

  • Industry-Academia Partnerships

    Stronger collaboration between educational institutions and industry leaders ensures that academic training aligns with market demands.

    Advertisement

    Internships, cooperative education programs, and joint research projects expose students to real business challenges, facilitating the seamless transfer of knowledge and skills from the classroom to the workplace.

  • Funding and Startup Support

    Access to financial resources is vital for launching successful ventures. Universities, in partnership with government bodies and private investors, offer grants, low-interest loans, and business development workshops.

    Advertisement

    This support helps new entrepreneurs overcome early-stage hurdles, enabling them to build sustainable businesses that contribute to economic growth.

These approaches show how academic excellence is driving entrepreneurship in Nigeria. By combining practical training, mentorship, research, industry partnerships, and funding support, educational institutions are preparing graduates to tackle real business challenges and boost economic progress.

This focused effort strengthens the entrepreneurial ecosystem and supports long-term growth and community development across the country.

RECOMMENDED: 7 best countries for Nigerians looking to start a business abroad

Advertisement

Turo247News is on WhatsApp!

CLICK HERE TO JOIN

Share News with us via Email: turo247newz.com@gmail.com

Join Our Social Media Channels
Continue Reading