Money Facts You Need To Take Note Of

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As the popular deVere Vault money app expands to offer electronic wallets for 27 currencies, here’s a look at some facts about money you may not know.

How many currencies are there?

According to the United Nations, there are 180 currencies in the world, so deVere Vault has a way to go yet before embracing the whole world of money

Which is the oldest currency?

The British Pound is considered the oldest currency and can be dated back to the 8th century

Which is the newest currency?

The South Sudan Pound, which officially came into circulation on July 18, 2011

How many countries use a dollar?

Not an easy question to answer. Some have a currency pegged to the US dollar, which means the exchange rate follows that of the American money. Others just call their currency a dollar even though the notes have no connection with the US dollar.

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Altogether, 22 currencies are called ‘dollars’ and the name dates to when the Spanish dominated the New World and gave the name to the currency of Latin America.

Can euros be spent outside Europe?

Strangely enough, yes. Besides the 19 European states who have adopted the euro, they can be spent in Kosovo and Montenegro and much farther afield, such as in the French Antarctic Lands and France’s overseas departments in Guiana, Guadeloupe, Martinique, and Réunion.

How much money is there?

The US mint has printed $974 million – but that’s small change compared to the $30 billion a year output by Monopoly property board game makers Parker Brothers.

Is deVere Vault the app with the most currency options?

The deVere Vault is one of the world’s leading money apps for expats. The app is one of the most international currency exchange tools and includes all the leading currencies – from the US dollar to Chinese yuan and Japanese yen.

What else does the deVere Vault do?

Users can send money between bank accounts instantly from anywhere in the world 24/7. Vault automatically defaults to the currency where you are so you spend US dollars in New York, Sterling in London and Yen in Tokyo.

Download the deVere Vault app for android or Apple

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