Wednesday, January 14, 2015


  • All around the world different countries use different types of money. Many countries have their own money. This money is backed by the government and is usually called “legal tender.” Legal tender is money that must be accepted as a form of payment in that country.
Major World Currencies

  • Although there are many different types of money throughout the world, there are some major world currencies that are accepted or used in several different regions and countries. We describe some of these below:
  1. British Pound Sterling – The British pound is the official currency of the United Kingdom. It is currently the fourth most traded currency in the world. Prior to 1944, it was considered the world reference for currency.
  2.  U.S. Dollar – The U.S. dollar is the official currency of the United States. It is the most used currency in international transactions. There are other countries (i.e. Ecuador and Panama) who use the U.S. dollar as their official currency.
  3.  European Euro – The Euro is the official currency of the European Union. Many of the countries in the European Union use the Euro as their official currency (not all of them do such as Denmark and the United Kingdom). The Euro passed the U.S. dollar in total cash in circulation in 2006.
  4.  Japanese Yen – The Japanese Yen is the official currency of Japan. It is the third most traded currency in the world.
List of World Currencies
  • Here is a list of some of the currencies used throughout the world.
  1. Australia – dollar
  2.  Brazil – real
  3.  Canada – dollar
  4.  Chile – peso
  5.  China – yuan or renminbi
  6.  Czech Republic – koruna
  7.  Denmark – krone
  8.  France – euro
  9.  Germany – euro
  10.  Greece – euro
  11.  Hong Kong – dollar
  12. Hungary – forint
  13.  India – rupee
  14.  Indonesia – rupiah
  15.  Israel – new shekel
  1.  Italy – euro
  2.  Japan – Yen 
  3. Malaysia – ringgit
  4.  Mexico – peso
  5.  Netherlands – euro
  6.  New Zealand – dollar
  7.  Norway – krone
  8.  Pakistan – rupee
  9.  Philippines – peso
  10.  Poland – zloty
  11.  Russia – ruble
  12.  Saudi Arabia – riyal
  13.  Singapore – dollar
  14.  South Africa – rand
  15.  South Korea – won
  16.  Spain – euro
  17.  Sweden – krona 
  18. Switzerland – franc 
  19. Taiwan – dollar
  20.  Turkey – lira
  21.  United Kingdom – pound sterling
  22.  United States – dollar
Fun Facts About World Money
  • Some countries like Canada and Australia are now using plastic, rather than paper, to make their bills.
  •  The portrait of Queen Elizabeth II has been on the money of 33 different countries.
  •  The first living person to be featured on a coin was Julius Caesar in 44 B.C.
  •  The first euro coins and bills were introduced in 2002.
  •  Stores in some countries may accept multiple currencies. The tourist section of Denmark that accepts both Danish krone and euro.

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