The Spectator

Barometer | 6 September 2018

issue 08 September 2018

Origins of Wonga

The payday lender Wonga has gone into administration. How did ‘wonga’ come to be used as slang for money?
— The term is believed to have derived from the Romany word ‘wangar’ which, although used as a term for money, in fact means ‘coal’. This in turn has Indo-Iranian origins.

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