The History of foreign exchange in another way

Forex began back in the history of civilization Babylonians, although nobody can predict the exact date is, indeed, in a foreign currency began. Other historians say that history began May foreign exchange or forex same time in the history of mankind, its fruit. This may be because the goods in ancient times, the exchange of all types of goods or valuables. The system was then Barter system - a system in which trade is allowed, other means of commerce, for example, the use of precious metals, stones and even the teeth and bones of man. How a modern civilization, gold, silver and other precious stones in trade. This is because stones and other gems is extremely easy to store, and they have the ability to obtain very long periods. At the beginning of the Roman regime, initially established the Roman people, the use of gold as a way for foreign exchange transactions and trade is truly revolutionary in these periods. Forex history shows that traders, who came from Arab countries and other parts of the world has been widely accepted gold coins, which were first introduced Roman people, and finally, an international monetary system -- exchange rate system, which was adopted throughout the world. Given that more and more the civilized world, the use of paper money, usually recommended for quick and simple banking for professionals worldwide. However, the modernization of world trade in several large countries, largely the history of foreign exchange Trading money market in the world. A moment in the history of foreign currency, a lot of traders, it became clear that using paper currencies are more profitable than the use of coins and precious metals, when it comes to trade . Because of this great Finally, the government has authorized the use of notes. The progress in history to do something about forex 1816 to 1933 and is known as the gold standard. Indeed, during this period in the history of Forex, while the paper currency is already widely recognized, gold remains as a backup for paper money. Furthermore, this time in the history of currencies, gold as money, it can also be exchanged with other precious metals and stones. Gold is the main form of reserve that can be used for commercial sites, as well as in the world. Gold Standard has been widely supported by most central banks around the world before World War started because gold has the potential to share with all the paper money, is under any countries in the world. However, the use of gold as a medium for commerce was not well, because many people use it in a catastrophic manner. That was when she announced that she converts gold in the mass, to end the confusion and panic created among traders. This mixture of large quantities of paper money, not for its gold reserves is an ideal recipe for economic collapse and political instability.