Some of these will make you go, hmmm...
We deal with money everyday. We use it to purchase our daily necessities and we work to earn money. But there are quite a number of weird money facts floating about out there.
Here are some weird money facts that you probably would have never heard of before.
10 weird money facts you probably never heard of before:
1. Many people have claimed that Monopoly, or Parker Brothers, prints more money than the US Treasury does annually. But this is NOT true!
However, we’ll leave you with this little nugget of information. The $200 you would collect every time you pass Go! is now worth about $3,500 if you factor in inflation, compared to 1935 when the game was first released.
2. The gambling industry is still worth the most out of all the sectors in the entertainment landscape.
The global gambling market gross gaming yield was at US$465 billion in 2017 and is expected to grow to US$495 billion in 2019.
3. North Korea is the biggest culprit when it comes to counterfeiting the US currency.
US authorities estimate that North Korea has manufactured over $45 million worth of notes almost indistinguishable from genuine bills since the late 1980s.
4. Polymer notes (what we use now), is more expensive to produce in upfront costs than the notes we used in the past.
But the upside of polymer notes is that they are waterproof and last longer (thus, the need to produce more notes is lessened in the long run). Plus, polymer notes are able to incorporate many security features that paper banknotes are not able to!
5. The largest denomination in Singapore dollars is not S$1000, it is S$10,000!
6. You know the tree at the back of the Singapore S$5 notes? It’s a REAL tree that still lives in the Singapore Botanical Gardens.
7. These Singapore coins are known as the Third Series coins, released in 2013 to mark the progress of the nation.
It also comes with new security features to prevent counterfeiting. The security features include a customised electromagnetic signature (EMS), a bi-metallic composition and laser mark micro-engraving of the Vanda Miss Joaquim, the national flower of Singapore.
8. We’ve talked about how dirty money really is, but in the US, you will find that 90% of its currency has traces of cocaine on it… That’s taking dirty money to a whole new level.
9. While we are on the topic of drugs… Pablo Escobar lost 10% of his cash because the rats would eat it in storage or it would be damaged by water.
His son, Sebastian Marroquin, also claimed that his father once torched $2 million in crisp banknotes in order to keep his family warm while they were on the run.
10. Only 8% of the world’s money exists in physical cash! The rest exists only electronically. Wow.
What do you think of these weird money facts? Got more to add on? Drop us a comment.
Read more money-related articles.