Thursday 20 November 2008

Money, money, money


Over the weekend, Reg "I'll get you Butler" Varney left this world aged 92, after many successful years as the Cockney bus conductor in 'On the Buses' - but his place in history was made, not from comic acting, but from making the first withdrawal anywhere in the world from an ATM machine in 27 June 1967. The bank was Barclays. The branch was Enfield in North London.

News of Varney's death came hot on the heels of another historic stat in the development of money and how we manage it. In October UK banking customers completed one million financial transactions (checking balances, paying bills, transferring funds) on their mobile phones, using the fast-growing Monilink service. Check it out here.

And in 687BC Herodotus reports the creation of the first rudimentary coins in Lydia.

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