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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 Asia's main currency?
China's yuan or RMB ¥ would be the most used currency but most countries have their own currencies.
When and why do central banks buy their own currency or purchase from foreign countries?
Why central banks buy either their currency or the currency of another nation in the effort to countrol exchange rates
Why don't all countries share the same currency?
for the different travel of coins or money
What is Currency exchange market?
Its a market that is used to exchange or trade currencies of different countries.
Do Africa's many countries use different types of currency?
Yes, all of them has their own currencies.
What does a forex calculator do?
A forex calculator shows currency conversions. It shows how much a dollar amount is in different countries that have different currencies than your own. It is a currency converter.
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 the Arab currency?
There are many Arab countries and each has its own currency.
What was money called in Europe in the 1800s?
There are several countries in Europe, each had their own currency most with different names.
Name of Arabic money?
The currency used in several Arabic-speaking countries is the "dinar." It is the official currency of countries like Jordan, Tunisia, Kuwait, and Algeria. In some other countries, the currency is known as the "dirham" or "riyal."
Why is the currency in the eu different from the us?
Most countries have their own currency. In effect you are asking why each country has its own currency. Historically each country has always had its own currency and run its own economy for its own benefit. The EU is one of the few parts of the world where there is a joint currency used in multiple countries, and the only example amongst economically advanced counties. In theory we may eventually have a common world currency. This would require agreement between all countries to set up a joint international body to regulate the currency (as the EU already has with the 'European Central Bank'), which is independent of any one government. I don't see this happening any time soon.
How many countries have their own currency symbol?
Lots of countries gave currency symbols.United States of America ($ ¢)Other countries that have a currency called the dollar ($)Countries using the Euro (€)Great Britain (£)Japan (¥)Though there are many small countries that has a currency symbol, among them a noteworthy currency symbol is that of India (₹)
What currency is there in South America?
The type of money used in South America is called Contiki. Thanks for asking :)
Is Brazil's currency the same as the us currency?
NoThe currency of Brazil is the Brazilian Real.The currency of the USA is the US dollar.Most countries in the world have their own currency.
What type of money does Africa use?
Africa has many different types of money. There are 53 countries in Africa and many of them have their own unique currency.
Which is the common currency of European?
In Europe most countries use the Euro, but others have their own currency such as the UK
