Currency

Today I am grateful for and comprehend the significance of currency and its impact on the economy and day-to-day life. Currency is being evolved and unfolded in a variety of forms and shapes for decades and still on. Currency and its value is an important element of every economy. Being residing in Canada, Canadian dollars and coins will be in the discussion. I appreciate and recognize its value for a variety of reasons, for instance:

• The barter or exchange system/scheme was in practice before currency. People usually exchanged goods for every trade in history. This system is still on in a variety of senses such as if you clean the garden, I will give you fresh fruits and vegetables

• Currency has a variety of names and shapes around the globe, for instance, dollar, rupee, peso, dinar, riyal, pound and euro. Every country has its own currency name and its value such as the Canadian dollar and Pakistani rupees

• Every business, alliance, trade, service, travel and even recreational activities dependent on the currency exchange. Whenever a person gets matured, the first and the most important target in life is to earn money

• Earning and spending have a substantial and strong cause-and-effect relationship. The more you earn and you have the inclination to spend more. Lifestyle is dependent on the earnings

• Some currencies have value and are invariably in demand around the world. Even people travel or migrate to earn that currency, for instance, Kuwaiti dinar, pound or dollar  

• Zakat, charity and donation are wonderful and excellent approaches to spend or share a currency with those who are in need or for a cause

• It is the responsibility of the caregivers to teach the young folks the significance of currency as early as possible. The significance has to be taught of donation, charity, saving, investing and spending on themselves

• These are my personal thoughts and ideas regarding currency, you may have a different opinion 

If you have any questions or comments, please feel free to ask or comment below