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A new study of ancient silver hoards from Israel and Gaza suggests that metal was used as currency in the Bronze Age, hundreds of years earlier than previously suspected.
Expert says the transition to economical method based on silver coins presents many advantages and sheds light on the economic development of the entire region
The new findings by Israeli archeologists precede by 500 years what was thought to be the use of such coins.
University of Haifa and Hebrew University archaeologists find silver pieces from Anatolia that reveal robust trade routes and currency use 500 years earlier than previously thought
The use of coins as a means of payment was known in Mesopotamia as early as the third millennium BC - Click the link for more details.