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Unusual currencies from around the world

Unusual currencies from around the world

Currency a funny thing. I’ve recently returned from Iceland, where I had to hand over hundreds and hundreds of krona for a bottle of orange Fanta. On the plus side, however, I was for the first time in my life able to claim I had “several grand” in my wallet. My experience with the Icelandic krona inspired me to research other, far more unusual currencies, so here are some of my favourite finds. (Sadly we only accept boring GBP when you buy your travel insurance.)

Croatian kuna

The kuna, which became the official currency of Croatia in 1994, derives its name from the ancient Roman practice of collecting taxes in the form of marten skins, which were very highly-valued at the time. But the animal theme doesn’t end there. Croatian coins, which include the denomination called a lipa (Croatian for “linden” or “tilia tree”), feature images of plants and animals.

The 1 lipa coin features an image of some maize; the 2 lipa coin a grapevine; the 5 lipa coin an English oak; the 10 lipa coin tobacco; the 20 lipa coin an olive; and the 50 lipa coin a degenia. The 1 kuna coin has a nightingale on it; the 2 kune a tuna; and the 5 kuna features a beautiful brown bear.

Depending on the year the coin was issued, it either shows the name of the plant or animal in Latin or Croatian; coins issued in odd years include the name of the plant or animal in Croatian, and coins issued in even years include the name in Latin.

Zairean zaire

What do you do when the dictator of your country, whose face appears on all the banknotes, has been overthrown and driven to exile? Well, this was the dilemma that faced Zaire, the country now known as the Democratic Republic of the Congo, in 1997. After Joseph Mobutu’s totalitarian regime was overthrown, the country’s new government came up with an ingenious solution – they simply cut Mobutu’s face out of all the notes, leaving nothing but a gaping hole when his head should be! Brilliant, eh?

Iraqi dinar

Until 1932, Iraq was under British control and used the Indian rupee as its official currency. It switched to the dinar when it gained independence. The word dinar, by the way, may have derived from the ancient Roman (yes, them again!) coin, the denarius, which in turn got its name from the Latin “dēnī”, which means “containing ten.” But that’s not what’s unusual about the Iraqi dinar.

Before the 1990 Gulf War, Iraq’s currency was known as the Iraqi Swiss dinar. No one knows for sure why this was the case, but there are two possible explanations – that the printing plates used to make the money came from Switzerland (even though the notes were actually printed in the UK) or because, at the time, Iraq was a low-inflation country, much like Switzerland.

Due to international sanctions imposed on the country during the 90s, the Iraqi dinar was printed locally and in China instead, using cheap paper and presses that were originally meant for newspapers. This meant that many counterfeited notes ended up appearing to be better quality that the real notes!