In 19th century Ethiopia, blocks of salt known as Amole tchew acted as currency. This was because salt was a rare and important resource in the ancient world.
Saddam Hussein once withdrew a reported sum of 1 billion US dollars from the Central Bank of Iraq with the aid of nothing more than a handwritten note!
The American state of Tennessee passed a law in 2005 that required local drug dealers to pay “crack tax” to the state revenue office so that they can ply their trade without fear of prosecution.
A group of unknown Russian hackers had stolen a sum of 650 million dollars from different banks situated across thirty countries between the years 2014 and 2016.
The halwa ceremony is an integral part of the Indian Budget process which marks the beginning of the printing of the Budget document. The ceremony is held about a fortnight before the Budget day and is followed by a lock-in, which means that all the officials directly involved in printing of the budget papers cannot…
The first documented bitcoin transaction was by Laszlo Hanyecz in 22nd of May 2010. He brought two boxes of pizza for 10,000 BTC. As of 2017, the pizzas Mr. Hanyecz brought is worth over 15.5 million US dollars.
Until the U.S. Federal Reserve was created in 1908, individual banks could create their own money!
Julius Caesar had his image stamped on Roman currency as early as 44 B.C.! This made the Romans the first to have the image of a living person stamped on a coin.
Warren Buffett believes that the worst investment he ever made was buying Dexter Shoes in 1993 which resulted in a loss of $3.5 billion to Berkshire shareholders. In his letter to the shareholders, he quoted a line from country singer Bobby Bare to explain his feelings on the failed acquisition: I’ve never gone to bed…
Benjamin Graham, considered to be the father of value investing and security analysis, is known as the Greatest American Investor. He was earning more than $500,000 a year at the age of 25! It’s no wonder that the legendary Warren Buffet idolises him!