The renminbi is the official currency of the People's Republic of China.
It is more commonly known outside China as the Yuan. (Similar to British currency being known as Sterling and the Pound)
The International currency code is CNY
Why is the Atalasian currency called 'Denices'?
DENICE is an acronym for something in the cosian language. It has nothing to do with the name although many think it does.
What happens when a nation's currency depreciate?
Exports increase.
Imports decrease.
FDI increases.
Foreign capital investment increases.
Economic growth rises.
Besides these positives there is the negative effect and thats inflation which increases.
What was the currency in Victorian England?
The currency of England was unchanged from the middle ages until decimalisation in 1971. The currency was pounds, shillings and pence.
4 farthings = 1 penny (1d = 4 x ¼d)
12 pence = 1 shilling (1/- = 12d)
20 shillings = one pound (£1 = 20/-)
That gave £1 = 960 Farthings.
The farthing was abolished before decimalisation as its value had become so low.
There was also an alternative top-level unit, the guinea.
1 Guinea = 21 shillings. Large amounts were sometimes quoted in Guineas instead of pounds
Examples of how amounts were written:
2½d = Two and a half pence, pronounced: "Tuppence Ha'penny".
6d = Sixpence = half of a shilling.
10/- = 10 shillings
10/6 = 10 shillings and six pence
£5/7/6 = 5 pounds, 7 shillings and sixpence.
Since 1971, £1 = 100p (pence). The pound was unchanged by decimalisation, but its value has significantly decreased because of inflation.
The Sixpence is part of a redundant or obsolete currency.
At the time of Britain's conversion to decimal currency, the sixpence converted to 2.5 New Pence for which there was no equivalent coin.
First of all - your punctuation. You need a comma after the second "currency" so as not to confuse whether 'value' or 'currency' is the point - "When the value of a country's currency goes up compared to another country's currency, that is considered a...?"
Bad thing, as the cost of goods and services of 'Currency A' go up when compared to 'Currency B.' People will want things priced in Currency B, perceiving them cheaper than Currency A goods and services.
What countries currency is franc?
Countries currently using a currency called "franc"
Countries - Currency
Benin - West African CFA franc
Burkina Faso - West African CFA franc
Burundi - Burundi franc
Cameroon - Central African CFA franc
Central African Republic - Central African CFA franc
Chad - Central African CFA franc
Republic of the Congo - Central African CFA franc
Democratic Republic of the Congo - Congolese franc
Comoros - Comorian franc
Côte d'Ivoire - West African CFA franc
Djibouti - Djiboutian franc
Equatorial Guinea - Central African CFA franc
Gabon - Central African CFA franc
Guinea - Guinean franc
Guinea-Bissau - West African CFA franc
Liechtenstein - Swiss franc
Mali - West African CFA franc
Niger - West African CFA franc
Rwanda - Rwandan franc
Senegal - West African CFA franc
Switzerland- Swiss franc
Togo - West African CFA franc
Francs were used in France, Belgium and Luxembourg until 2002, when they were replaced by Euros.
Loose paper currency refers to physical money that is not in the form of coins or stored in a wallet or purse. It typically consists of banknotes or bills that are not secured in a wallet or any other holder. Loose paper currency is often used for transactions or stored in a safe place for safekeeping.
How many us dollars is one Japanese yen worth?
A yen is worth so little like less than a cent. It is worth 0.01 you would need 80 yens to have one USA dollar. Hoped this helped
What does the symbol for pesos look like?
It resembles a capital "P" with two horizontal lines through the top of the letter. This is what it actually looks like: ₱.