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Paper

Printing

The Banknote System

The fascinating History of Money

It began with Barter

Cowries: A first key Currency

The Invention of Coinage

The ever-popular Empress

The Invention of Paper Money

Enterprising Forgers

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Glossar
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Cowries: a first key Currency
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Cowries: A first key Currency

The story of the cowry is a unique success story. Cowries are white or yellow porcelain-like shells, between 1 and 3 centimetres long, first collected on the Maldives, later also in the Philippines and Tonga.

Cowries were used in ancient China from 1500 BC to 200 AD as a form of money. Arab traders carried the shells from India back to their home countries and to West Africa. By the 19th century, cowries had developed into a kind of "key currency" over an astonishingly wide area from Polynesia to Mauritania (roughly 20,000 km apart).

Source:
René Sedillot: Muscheln, Münzen und Papier

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Central banks may receive further information from:

Giesecke & Devrient
Phone: 1-800-296-4371
International: +1.703.480.2000
Fax: +1.703.480.2069
Email: info@gdai.com

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