Hot News Contest 21 | Currency
Actually the topic at hand is about what currency is. So there is the need for us to get to know what currency is. Currency i will say is a means that is accepted and recognized by a particular group of people living together in a country or nation, with the purpose of using it for the trading of goods and services. Here is the thing that every country in the world now has it unique currency which is acceptable for carrying out trades and services in the country.
I actually decided to take a selfie with one of the currency we use here Ghana, which is the 10GHS.
The 10cedi note is equivalent to $0.81 according to the bank of Ghana rate as at now.
The country actually has a beautiful set of banknotes and coins which are listed below.
The currencies are worth 1 2 5 10 50 100 and 200 cedis which are actually the notes. The coins are also worth 1 5 10 20 50 pesewas.
The conversion of the notes will be done this way, that’s from Ghana cedis to the usd and then to steem. Which i think will be more presentable and readable.
| Note in Cedis | Worth in Steem |
|---|---|
| 5 | 1.5 |
| 10 | 2.14 |
| 20 | 4.28 |
| 50 | 10.29 |
| 100 | 34.24 |
| 200 | 68.53 |
These are actually the convention of some of the currency to their estimated value in steem price.
- The portrait image of the six men: The portrait actually comprise of the big six. Who are the founding fathers and fighters for the independence of the country Ghana. So their images is designed in a form of portrait and printed on all the notes. Below is their names
Dr.Kwame Nkrumah
Dr. William Ofori Atta
Dr. Ebenezer Ako Adjei
Dr. Edward Akufo Addo
Dr. Joseph Boakye Danqua
Dr.Emmanuel Obetsebi Lamptey
The on the front is the independence arch which is one of the three images. The independence arch is a building which is part of Ghana’s independence square. It actually contains monuments to Ghana’s independence struggle.
The coat of arm. Which is a symbol of political independence of Ghana. But is commonly known as the coat of arms. The coat of arm is comprised of a shield which is divided into four quarters.
When the money is held towards light, one can see through the note an image of a man. This man is Tetteh Quarshie who is the first man to bring coacoa into Ghana. There is also a start on the note which has lighter or faint color as compared to the surrounding colors.
There is also an image of a coacoa pod in the note which is also visible to the eye when the money is held towards light.
There is a metallic band on every single note which appears to be broken. But when held towards light, it isn’t broken. This is one of the clear signs of an original cedis note. Any note without this metallic band is fake.