Archive for December 2014
The History of the Libyan Dinar
The Libyan Dinar is the current form of currency in Libya. How it got to be that way stems from a rocky history. Libya spent most of its existence under rule by other empires. It survived two World Wars and four different empires before it finally claimed its independence from Italy in 1951 with the…
Read MoreThe Kuwaiti Dinar’s Struggle for Dominance
Kuwait’s official currency was first introduced in the early part of its existence. The first coins were made during the reign of Kuwait’s fifth Amir, who ordered the use of an official currency in an attempt to state Kuwait’s independence. These coins were all made by hand with a hammer, so each coin looked a…
Read MoreThe History of the Silver Trade: The New World – Now
Our last installment of the history of silver cut off just before Columbus would travel to the New World in 1492. This discovery of new continents was perhaps the biggest milestone in the history of silver to date. The new land turned out to be a wealth of silver, particularly in the areas we now…
Read MoreThe History of the Silver Trade: Discovery – the New World
Though it is rare and beautiful, silver has never been esteemed quite as rare and beautiful as gold, which is the reason that gold has been valued much higher and was the monetary standard in many countries for centuries. However, silver is still an important part of the world economy today. Read on as we…
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