Monetary system of Kingdom of Saxony
The Kingdom of Saxony, located in what is now modern-day Germany, had a rich monetary system with its own currency and coinage. Here's an overview of the history of the Kingdom of Saxony's monetary system:Medieval Period:In the medieval period, the territories that would later become the Kingdom of Saxony used a variety of currencies, includin ...
Origin of name for Pfennig monetary unit
The name "Pfennig" for the monetary unit has its origins in Germanic languages, particularly Old High German. The word "Pfennig" (plural: Pfennige) translates to "penny" in English.The Pfennig was originally a small silver coin used in the Holy Roman Empire and other German-speaking regions during the Middle Ages. It was often subdivided into ...