Sunday , 25 June 2017


Currencies Come – and Go: A History

History clearly shows that when it comes to currencies black swans do happen as the average lifespan of a currency is just 27 years. As such, investors should study currency history and, as part of a smart portfolio, they should protect their hard earned wealth and savings in a defensive fashion. The infographic below documents the history of currency in 10 different countries of significance.

The above introductory comments are edited excerpts from an infographic* courtesy of travelex.com.au via zerohedge.com as posted by Jeff Desjardins of VisualCapitalist.com  entitled The History of Currency in 10 Different Countries.

Desjardins goes on to say in further edited excerpts:

Throughout history there have been thousands of currencies that were once used for trade. One study of 775 fiat currencies found the average lifespan of a currency to be just 27 years. Here’s the breakdown:

  • 20% currencies failed through hyperinflation
  • 21% were destroyed through war
  • 12% were destroyed through independence
  • 24% were “monetarily reformed”
  • 23% are still in circulation

The History of Currency in 10 Different Countries

It seems like a foregone conclusion that some of the currencies listed in the above infographic may not exist in 10 years, or perhaps they [will] get “monetarily reformed”. In any case, it’s worth noting that in today’s interconnected world, it may be easier to stave off the death of one currency through global intervention. However, systematically there is far greater risk. If one currency fails, the possibility also exists for many others to share the same fate through the domino effect.

Investors should study currency history and, as part of a smart portfolio, they should protect their hard earned wealth and savings in a defensive fashion. Black swans do happen, and even the crisis in the tiny country of Cyprus had people reeling. The potential for something much bigger is inevitably a possibility – it is just a matter of when and how.

Editor’s Note: The author’s views and conclusions in the above article are unaltered and no personal comments have been included to maintain the integrity of the original post. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.

*http://www.visualcapitalist.com/history-currency-10-different-countries/ (Copyright © 2014 Visual Capitalist | All rights reserved.) Sourced from: http://www.zerohedge.com/news/2014-09-11/brief-history-currency-infographic (Copyright ©2009-2014 ZeroHedge.com/ABC Media, LTD; All Rights Reserved.)

If you liked this article then “Follow the munKNEE” & get each new post via

Related Articles:

1. What the History of “World” Currency Likely Means for the U.S. Dollar – and Why

It’s common for the world’s most powerful country to issue a currency that becomes adopted around the world as the standard for international trade but whenever that country reaches a point of epic, terminal decline, and especially when it rapidly debases its currency, the rest of the world seeks an alternative. This article outlines the history of the rise & fall of “world” currencies over the centuries and then comments on what the future likely holds for today’s “world” currency – the U.S. dollar. Read More »

2. These 21 Countries Have Experienced Hyperinflation In the Last 25 Years

Hyperinflation is not an unusual phenomenon. 32 countries have experienced hyperinflation over the last 100 years of which no less than 21 have experienced it in the past 25 years and 3 in the past 10 years. The United States is one of the few countries to have experienced two currency collapses during its history (1812-1814 and 1861-1865). Could it happen again? Words: 1450 Read More »

3. A Close Look At the U.S. Dollar

The U.S. $1 dollar bill has been redesigned many time since first being issued back in 1862. What we almost exclusively use today is the version designed in 1963. The following extremely informative infographic explains what all the different symbols on the dollar mean, who is on the front & back of all the U.S. currencies currently in use and the $500, $1,000, $10,000 and $100,000 (yes, $100,000!) bills that are no longer in production. Read More »

4. An Inside Look At the U.S. Dollar Printing Process

Have you ever wondered how dollar bills are made, why currency is too hard to replicate? Check out the infographic below to learn about the process that goes into printing U.S. paper currency. Read More »

5. Love Money? Then You’ll Find These U.S. Currency Facts VERY Interesting

Has U.S. currency as we know it today always been pretty much the same? The answer is no. If you love money as much as I do, you’ll love the infographic below and all the money facts it contains. Take a look. It’s very interesting! Read More »

6. Which Is the World’s Safest Major Currency – You’ll Be Surprised

The term ‘safe fiat currency’ is as intellectually disingenuous as terms like ‘fair tax’ or ‘government innovation’ but, as we’ve been exploring recently why modern central banking is completely dysfunctional, it does beg the question– is any currency ‘safe’? Let’s look at the numbers for some data-driven analysis. Words: 575 Read More »

7. The History of Money – From Gold & Silver to Fiat Currencies

Today’s monetary system, combined with fractional reserve banking, has a lot of risks. It is vulnerable to bank runs, inflation, and economic bubbles, to name just a few, yet those risks remain invisible to the majority of people. This article provides links to a video and an extended report that provide insights into the question as to why today’s paper based money system is doomed to fail and how you can protect against such a collapse. Read More »

8. New Developments in the World of Money

Due to concerns about inflation and money printing, the last 20 years has seen an incredible number of new developments in the world of money. This infographic shows how gold got digital, how digital currencies exploded into life and who the key players are in this global story. Read More »

9. Fiat Currencies from Around the World: An Interactive Quiz

Paper money was first used by the Chinese during the Tang Dynasty in 806 AD–500 years before Europe began printing money in the 17th century. It would be another 100 years before America started circulating a national paper currency…. How familiar are you with banknotes from around the world? Read More »

10. Where Does Your Country’s Currency Rank?

Below is the list of the top 10 strongest currencies in the world, as measured by their percentage of the foreign trade market based on their combined interest in the world’s 3 foreign exchange markets. Read More »

11. Bitcoin: the Ins and Outs Of Everyday Use & What the Future Holds

Bitcoin is a decentralized, global, peer-to-peer, digital, online currency but, that said, most are unsure whether or not it is the future of currency and unaware of the potentially massive impacts this crypto-currency holds. The infographic below shows you the ins and outs of everyday Bitcoin use as a way to save money and provide more autonomy in your financial transactions. Read More »

12. 50 Bitcoin Facts On Its History, Versatility, Usuage, Acceptance & Much More

This infographic neatly covers many interesting bitcoin facts in a digestible form. It not only shows the versatility of the bitcoin market, but it also captures the difference of opinion on crypto-currencies: many embrace the technology, but some institutions show signs of hostility. Read More »