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Archive for the 'money' Category

Ten facts about money

By Admin, on 16 December 2022

Have you ever wondered where money comes from? Or how long we can use a paper note for?  

Although you may think your child is too young for these facts, a touch of trivia can spark rich conversations and lead to further interest in knowledge about money. 

Here are some facts you can discuss with your child. 

  • Currency is the type of money a country uses. For example, the U.S. uses the dollar, while Great Britain uses the pound.
  • If you travel to another country you need to use their currency. For example, in Europe they use Euros and not pounds
  • Romans used salt as a currency at one time.
  • Money is made in special factories called mints.
  • The first coins were minted (made) around 2,500 years ago.
  • Paper money was first used in China over 1,000 years ago.
  • 1p is the lowest value in coins in the UK.
  • It costs more than 2.4 pennies to make 1 penny!
  • Paper money isn’t made from paper but from a combination of cotton and linnen.
  •  To prevent people from just making fake money the ink on paper money is very special and can even change colour (as well as being traceable and being magnetic).


Want to find out more? Here are some helpful websites: