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Answer Wiki. , Communication Engineer. Ancient Egyptian society used different forms of money before using coinage in the first millennium B.C. The Egyptians used non-coin forms of silver and gold currency, such as silver rings and gold pieces shaped like sheep, centuries before minting coins out of the metals.
Highest banknote: 100 (in Scotland and Northern Ireland) and 50 (in England and Wales) The pound sterling is the world's oldest currency still in use and it is the fourth most traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen.