*Tran Thi Thu Trang*Nguyen Thu Trang*Pham Thi Phuong thao*Le Thi Tuyet Minh*Le Huy Hoang

Money

4 stages of evolution of moneyTop 4 strong currencies in the world

Vietnamdong

*Commodity Money

* Any commodity that was generally demanded and chosen by common consent was used as money.Such exchange of goods for goods was known as ‘Barter Exchange’.

*Metallic Money

Metals like gold, silver, copper and so on were used as they could be easily handled and their quantity can be easily ascertained. It was the main form of money throughout the major portion of recorded history.

*Paper Money

*Paper Money

Invention of paper money marked a very important stage in the development of money.

*Paper Money

Paper money is regulated and controlled by Central bank of the country. At present, a very large part of money consists mainly of currency notes or paper money issued by the central bank.

*Credit Money

*Credit Money*Emergence of credit money took place almost side by side with that of paper money. People keep a part of their cash as deposits with banks, which they can withdraw at their convenience through cheques. The cheque is not money, but it performs the same functions as money.

*Top 4 Strongest Currencies

*USD• U.S. dollar is the

most traded currency in the world• . US dollar is

accepted in almost every country on this planet happily

*EURO• Consists of 19 of the 28 member

states of the European Union• The euro is managed and

administered by the Frankfurt-based European Central Bank (ECB) and the Eurosystem.

• The euro still has major aspirations as a global exchange currency

*JPY (Japanese Yen)

• 1 Japanese Yen equals 179.11 Vietnamese Dong

• Particularly popular in Asia

*GBP (Great British Pound)

1 British Pound Sterling equals32085.21 Vietnamese Dong

*Vietnamese Dong

*Vietnamese Dong

*Vietnamese Dong

Since May 3, 1978

*Vietnamese Dong

1987

1990

1991

1994

Since 2003, Vietnam has replaced its cotton banknotes

with plastic polymer banknotes.

The government has pushed to lower the value of the Dong in the hopes of pushing up exports and fostering export oriented economic growth.

*Thank you for your attention