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Having a common currency requires some agreements between different countries; apparently, for this to work, it also requires individual countries taking certain steps to have a stable economy. All this is a bit tricky while there is no central world government; but there are already cases where several countries share a common currency; the best-known case is the Euro, used in most European countries. It can be expected that at some time in the future, all countries in the world will share a common currency, but this won't happen overnight.
What else can I help you with?
Describe what it means for one currency to be rising against another currency?
one countries currency is worth another countries currency.
Why don't all countries share the same currency?
for the different travel of coins or money
Which 20 countries has highest value for it's currency?
20 countries has highest value for it's currency
1 dinar equal to how much Indian currency?
1 dinar is equal to indian currency is Rs.13
Why do countries have their own currency?
Countries have their own Currency as a lot of them were made to only be used in their country of origin. Currencies like the US Dollar are widely accepted in countries outside the US due to its value over the countries own currency.
What is GCA countries?
GCA stands for General Currency Area. The list of GCA countries is all countries, excluding some rupee currency countries.
What is the name of the currency of Benelux countries?
The Benelux countries are all members of the European Union and use the Euro as their currency.
What does 50 pennies equal?
50 pennies equal one half of the major unit of currency. Since many countries use pennies as their minor currency units and their major units don't all have the same name, it is not possible to be any more precise.
Which all countries use euro as their currency?
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What is the the currency of most of the countries in Europe?
No currency can be said to be the currency of most European countries. The Euro is the currency of 19 countries in Europe, but there are around 50 countries in Europe. So the Euro is the currency that is most common, but most European countries do not use it. All 19 of those countries are in the organisation known as the European Union, which has 28 countries in it. So most countries in the European Union use the Euro, but there are many other countries in Europe that are not members of the European Union.
List of Countries in General currency area?
All countries other than Nepal, Bhutan and former USSR fall under General Currency Area.
Why do nations need a system of currency exchange rate?
Nations need a system of currency exchange rate in order to be able to tell the value of their currencies. The exchange rate is set again the price of gold in order to have some uniformity across all nations.
What is a paisa?
A paisa is a subdivision of currency, equal to 1/100 of a rupee in several Asian countries, or 1/100 of a Bangladeshi taka.
Describe what it means for one currency to be rising against another currency?
one countries currency is worth another countries currency.
What currency are milliemes?
Milliemes are a subunit of currency used in some Arab countries, such as Egypt and Tunisia. One millieme is equal to one thousandth of the main currency unit, such as the Egyptian pound or the Tunisian dinar. Milliemes are used in these countries for making small transactions and are denoted by the symbol "m".
What is Europe's currency?
Europe does not have one single currency. The most widely used currency is the Euro, which is the official currency in 18 countries of the European Union. The other 10 countries in the European Union do not use the Euro. Not all of Europe's countries are in the European Union but some of the European countries outside the European Union use the Euro. The majority of countries in Europe do not use the Euro.
Do all countries have paper money?
No. Some use currency from another country.
