3100 BC

GOLD & SIL­VER

Asian Geographic - - Money Feature -

EGYPT

As far back as 3100 BC, we have ev­i­dence of a gold/sil­ver value ra­tio in the code of Menes, the founder of the first Egyp­tian dy­nasty. In this code, it is stated, “one part of gold is equal to two and one half parts of sil­ver in value”. This makes it one of the ear­li­est forms of de­fin­i­tive cur­rency.

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