1 Currency substitution or elminting (from el-, meaning foreign) occurs when the inhabitants of a country use a foreign currency in parallel with or instead of the domestic currency. El Salvador, Marshall Islands, British Virgin Islands, Palau and 6 other countries use a particular currency as their own. Which currency is this?
2 In 1748, a Dutch pioneer called Conrad Weiser was a diplomat between the early settlers and the native Americans. He noted that the exchange rate for a cask of whisky with the natives was five whole skins of male deer. This is supposedly the first use of this term to mean money. It is mostly used in mid-western America but with advent of TV the term has spread to other countries as well and today you wouldn’t be surprised to hear it in India as well. What term is this?
3 The first country to feature this particular person, X, on its currency note was Canada in 1935. Currently, X has appeared on banknotes in every continent except Antarctica. In some countries like Jamaica and Bermuda, X has been replaced by local personalities and local animals. At last count X appears on the currencies of 33 different countries. Who is X?
4 According to the census there are around 1652 languages spoken in India, of which about 150 have a sizeable speaking population. Of these, 22 languages are given official status. Of these, 15 are found in the back panel of a rupee note. In what order are the languages arranged?
5 During the rule of King Offa of Mercia, one pound of silver was split in to 240 silver pennies. This evolved into the British currency, the pound sterling. The currency sign for the pound is £. This is derived from a Latin word for a weight which stood for 328.9g and means ‘balance’. What Latin word is this, which you might come across in a horoscope?
6 This is the first decentralized digital currency. It was invented in 2008 by a unknown programmer or group under the name ‘Satoshi Nakamoto’. It is represented symbolically as ‘XBT’ or ‘BTC’. Currently it has the highest exchange rate for INR to the best of the QMs knowledge. One XBT will get you an exchange of Rs.2,60,436.40 (Two Lakh Sixty Thousand Four Hundred and Thirty-Six Rupees and Forty Paisa only). What currency is XBT?
7 This country’s currency notes were first printed on April 1, 1948. They were printed by the Reserve Bank of India for use only in that country.
These were Indian note plates engraved (not overprinted) with the words ‘GOVERNMENT OF _________’ on the top and the same in the country’s official language at the bottom. The signatures on the notes remained that of Indian officials. Which country’s currency started in such a manner?
8 The International Bank Note Society (IBNS) have a yearly poll to determine the ‘IBNS Banknote of the Year’, and have been doing so since 2004. Various countries have won it but only one country has won it thrice and that too as a hat-trick, from 2011 to 2013. With exceptionally beautiful notes featuring flying birds, panthers, a map of the country and a monument in a rare vertical format instead of the usual horizontal format. The currencies that won were the 10 thousand, five thousand and thousand. Which country is the proud owner of these notes known as ‘Tenge’?
9 Hyperinflation occurs when a country experiences very high and accelerating rates of inflation, rapidly eroding the real value of the local currency and the prices of goods and services rise by more than 50 percent a month. The country’s government begins printing money to pay for spending. The world’s worst case of hyperinflation was in this European country post World War II until August 1946. Their currency was called the ‘pengő’. During this period, they printed a 100 quintillion (1 followed by 20 zeroes) pengő bill and even a one sextillion bill (1 followed by 21 zeroes). Now using the very stable ‘Forint’, which country earlier had the pengő?
10 The Disney Dollar was a currency printed by the Walt Disney Company for use in its Disney facilities. Similar in size and shape to the US dollar it featured iconic characters and places from the Disney universe. It even had proper anti-counterfeiting features and had unique serial numbers. Appropriately enough, whose signature is on it as ‘Treasurer’?
A molecular biologist from Madurai, our quizmaster enjoys trivia and music, and is working on a rock ballad called ‘Coffee is a Drink, Kaapi is an Emotion’. @bertyashley