Mutemo uyu wakapiwa zita muna 1860 naHenry Dunning Macleod, zvichitevera Sir Thomas Gresham (1519<unk>1579), uyo aive muzvina mari wechiChirungu panguva yeTudor dynasty. Zvisinei, pfungwa yacho pachayo yakanga yambotaurwa nevamwe, kusanganisira naAristophanes mumutambo wake The Frogs, uyo unobva pakupera kwezana ramakore rechishanu BC, muzana ramakore rechi 14 naNicole Oresme c. 1350, mubhuku rake rinonzi On the Origin, Nature, Law, and Alterations of Money, uye nemutemo uye munyori wenhoroondo Al-Maqrizicus (1364<unk>1442) muMamluk Empire; uye muna 1519 naNicolaus Copernius mubhuku rinonzi Monendae cud ratio.
1579 Makore makumi mashanu nemapfumbamwe