The Story Behind The Name Of Different Currency Of The World

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10. Ringit

The Ringgit is the Malaysian currency, unofficially also known as Malaysian Dollar. It is an obsolete term for “jagged” in Malay. This was used to refer to serrated edges of silver Spanish dollars during the 16th and 17th century Portuguese colonial era. The Singapore dollar and the Brunei dollar are also called Ringgit in Malay because of common heritage.

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11. ⁠⁠⁠Sheqel

The Israeli currency Shekel or Sheqel is referred to ancient units of weight. Initially, it is said to have referred to a weight of barley. The actual root of the word Sheqel in Hebrew means “to weigh”.

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12. Peso

Philipine Peso is the currency of the Philippines. Peso was derived from root word that meant “weight” in Spanish. The peso is also used in Chile, Uruguay, Cuba, Colombia, and Argentina. Peso was the name given in Spain to the 8-royal coin which was a large silver coin similar to thaler or dollar.

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