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World Currencies

A currency is a kind of money and medium of exchange. It includes metal coins and paper or polymer banknotes. Each country generally has a monopoly on the issuing of its own currency, although some countries use the same currency. Most members of the European Union, for example, use the Euro as their basic currency.

7,654 Questions
Definitions
World Currencies

Why is currency so important?

Because otherwise you would fail.

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Puerto Rico
World Currencies

What is the currency of Puerto Rico?

The currency of Puerto Rico is the U.S. dollar (USD).

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Mexico
World Currencies
Currency Conversions

How much is a dollar in mexico?

Between 12.25 and 13.75 pesos.

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World Currencies

Where exactly can you use Virgin Money in the US?

Virgin Money can no longer be used in the US. It folded in November 2010. Servicing of its loans were was transferred to its partner Graystone Solutions.

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India
World Currencies

Why is a lion shown on an Indian currency note?

If you look at the Ashoka pillar at Sarnath (or a picture of it) you will find the capital of the pillar has 4 lions sitting back to back. The lion represents the attainment of Buddha-hood. The four lions surmounting the capital symbolize the kingship of the Buddha and his roar over the four directions. The four lions (one hidden from view) represent Power, Courage, Pride and Confidence.

There is also a non-religious interpretation to the symbol, describing the four lions as the symbol of Ashoka rule in four directions.

Just like Buddha, his follower Ashoka wanted to spread the message of peace and friendship. Similarly India after she gained independence wanted to spread the same message. So India adopted the emblem of 4 lions after she gained independence. That is why the emblem is used on indian currencies.

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World Currencies
Currency Conversions

Is Indian Rupee acceptable currency in Bangladesh?

No. Indian Currency is not acceptable in Bangladesh.

It has to be converted in the forex counters or in banks.

Current Rate : 1INR = 1.54 Bangladeshi Taka

Regards

VB

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Cyprus
World Currencies

What is the currency of Akrotiri and Dhekelia?

Euro

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World Currencies

Which south American country uses euro as its currency?

aruba,bonaire,curacao.

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Iraq
World Currencies

Did Iraqi dinar revalue today?

They say it happened back in June or September of 2009, but I do not think anyone is absolutely sure. I would say follow dinar recaps. They send out emails

and twitter updates. They are very up to date.

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World Currencies

What are the disadvantages of a strong currency?

Assuming all other factors constant,the disadvantages would be:

1. The lower price of imports leads to consumers increasing their demand and this can cause a large trade deficit. Exporters lose price competitiveness because they will find it more expensive to sell in foreign markets and face losing market share - this can damage profits and employment in some sectors and industries.

2. If exports fall, this causes a reduction in aggregate demand and reduces the short-term rate economic growth as measured by the % change in real GDP. Some regions of the economy are affected by this more than others. In the North east for example, manufacturing industry accounts for over 28% of regional GDP whereas the percentage for the UK as a whole is just 19%.

3. because investment is partly dependent on the strength of demand,If exports fall, then so will business confidence and capital investment.

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Coins and Paper Money
World Currencies

How are people chosen to be featured on U.S. currency?

Paper currency is largely left up to the Secretary of the Treasury. When the bills were standardized in 1929, the Treasury appointed a committee to decide on the portraits. The committee chose U.S. presidents and statesmen because they were more recognizable to the public, and they've been pretty much left alone ever since.

In 2016, the Treasury announced several design changes, including replacing Andrew Jackson on the $20 bill with Harriet Tubman. Other changes included portraying Martin Luther King Jr. and women's rights activists Sojourner Truth and Susan B. Anthony, among others. Recently, however, current Treasury Secretary Steven Mnuchin said those changes wouldn't come to fruition until 2030, if at all.

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World Currencies
England

What is the currency in England?

The currency in Great Britain is the Pound (GBP) also known as the Pound Sterling.

British currency has two units, the pound and the penny. Currently in circulation are coins with denominations of 1p, 2p, 5p, 10p, 20p, 50p, £1, and £2 and bank notes of £5, £10, £20, £50. Scotland and Northern Ireland also print a £100 note.

The exchange rate between British pounds and American dollars changes every day... you can find it in the newspaper daily!

The pound is also called "QUID"
The currency in the United Kingdom (which includes England) is the Pound Sterling (£) (GBP).

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Travel & Places
Chile
World Currencies

What currency do they use in Chile?

They use the Chilean Peso.

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World Currencies

What is rupees 2.1 k mean?

K= 1000

so it means 2,100 Rupees.

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World Currencies

What does elastic currency mean?

it means that you are at the limiton your money

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History, Politics & Society
California
World Currencies

What is the monetary unit of California?

The U.S dollar, just like in every other state.

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Canada
World Currencies

What is the currency of canda?

The currency of Canada is the Canadian Dollar.

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Scotland
World Currencies
Currency Conversions

Does Scotland use the pound or the Euro for currency?

Scotland uses the UK pound. The "pound Scots" was Scotland's currency prior to their union with the Kingdom of England in 1707.

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Austria
France
Spain
World Currencies

What kind of money do they use in France and Spain?

Euros

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France
World Currencies

What is the name of the French currency?

The Euro is the currency of France and most all the other European countries. It replaced the French francs, called "francs français" in French, which were phased out in 2001.

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England
World Currencies

Is England the only country with pounds and pence?

Prior to the decimalisation of many currencies during the 20th century, Britain and many of the British Empire/Commonwealth countries used Pounds, Shillings and Pence as their currency.

Now the United Kingdom including England, Scotland, Wales and Northern Ireland, use the British Pound (GBP) of 100 Pence.

Many British dependencies and Overseas Territories including the Falkland Islands, Gibraltar, Guernsey, Jersey and the Isle of Man use their own currencies with their own designs, but they are of almost identical shape, weight and construction as the British equivalents, and these currencies are pegged at par with the British currency.

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Thailand
World Currencies

How much is 1 thai baht in Indian currency?

It's about one Rupee.

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Spain
World Currencies

What is the name of Spain's currency?

Spain's current currency is the Euro, which is used throughout Western Europe.
Prior to the creation of the euro, Spain used its own currency, which was the Peseta. The Peseta is now a defunct currency.

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World Currencies
Angola

What is Angola's monetary unit?

The Kwanza.

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World Currencies

Examples of 3 types of money?

Currency

Bullion

Bearer Bonds

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