Thaler - Legacy

Legacy

No currency currently in circulation is named thaler. Several, however, are acknowledging its legacy with their names: twenty-three currencies named "dollar", used in countries including Australia, Canada, Hong Kong, New Zealand and United States of America, as well as tolar (slovene for thaler), used in Slovenia until the end of 2006. Between 1992 and 1995, Belarus planned to introduce Belarusian taler as a national currency.

The birr, the official currency of Ethiopia and Eritrea, takes its name from the local name for thaler, as well as the riyal of many Arabian countries.

In colloquial German, "Thaler" persisted with the meaning of "three Marks" until the 1930s, as when the Mark system was introduced in 1871, 1 Vereinsthaler was revalued at 3 Marks.

In Greece, the term "τάληρο" is commonly used for the denomination of five of the local currency (5 drachmas or 5 euros).

Read more about this topic:  Thaler

Famous quotes containing the word legacy:

    What is popularly called fame is nothing but an empty name and a legacy from paganism.
    Desiderius Erasmus (c. 1466–1536)