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Born in 1175 in Pisa, Italy, Fibonacci was the son of Guglielmo Bonacci, a wealthy merchant. His early life revolved around trade, allowing him to travel extensively along the Mediterranean, which exposed him to various mathematical concepts and numeral systems. One of the significant influences during his formative years was his time in Bugia, a trading post in North Africa where he was introduced to the Hindu-Arabic numeral system.