The Florin: Europe's First Continental Currency | Bob Klein of Medici Capital

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10/24/2019

The Florin: Europe's First Continental Currency | Bob Klein of Medici Capital

Bob Klein | Newport Beach

The Florin: Europe's First Continental Currency | Bob Klein of Medici Capital on July 31, 2019

The Euro revolutionized commerce when it was introduced. Until the euro came around, Europe had been divided when it came to money for decades. Germany had the mark, France had the franc and Germany had the mark. Currency exchange made trade more difficult. In the 1990s, the eurozone was developed. By January of 1999, the euro was in effect. By 2002, official euros had been minted and printed.

The euro wasn't the first currency to unite the continent, though. First developed in 1252, the florin originated in Florence. It was made of gold, which was a gamechanger for the time. For about 500 years before that, currency in Europe had been made from silver. The city of Florence was the leader in trade at the time. Minting their coins in gold lent even more prestige to the city.

https://bobkleinnewportbeach.blogspot.com/2019/07/the-orin-europes-ďŹ rst-continental.html

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