List of currencies of the world by countries and territories
Discover the history, interesting facts and details about the most important currencies worldwide. Find top a table indicating the currency around the world. What money do you use depends on where are you living or planning to travel. Totally, there are 170 official national currencies circulating around the world. This page lists global currency symbols used to denote that a number is a monetary value, such as the Dollar sign "$", the Euro sign "€" and the Pound sign "£". This list is constantly under development and we rely on input from users like you to keep it as complete and accurate as possible. Click on the currency name to read more about the currency and find out what countries the currency is valid for trade in. You will also learn the shortcode in 3 letters that is commonly used on the forex market.
How many currencies there are in the world?
There are over 193 different official currencies worldwide, including the US dollar, euro, and Chinese yuan. Most countries have their own currency, but some nations share a common currency termed as international or supranational currencies. For instance, the pooled currency of 19 nations form the eurozone and utilize the euro as their shared medium of exchange. Generally speaking,Rich countries tend to issue fiat currencies, while poorer ones often use commodities like gold or silver as money. Apart from those comprising paper bills and coins, there are also many forms of virtual or electronic currencies. The most popular digital currencies are Bitcoin and Ethereum, with market capitalizations in excess of $100 billion USD each.
What are the 4 types of money?
There are four types of money: commodity money, representative money, fiduciary money, and fiat money. Commodity money is currency that is backed by a physical good, such as gold or silver. Representative money is currency that is backed by another form of currency, such as the U.S. dollar being backed by gold. Fiduciary money is currency that is not backed by any physical good but is instead considered legal tender by law. Fiat money is currency that is not backed by any physical good and does not have legal tender status but which people nevertheless accept as payment because they trust the government issuing it.
Can a country have two currencies?
It is possible for a country to have two currencies. A country might issue a second currency in order to address high levels of inflation or to provide more liquidity in the economy. For example, Spain used to have two currencies: the peseta and the sucre. And Angola has three currencies: the kwanza, the convertible kwanza, and the euro. However, there are some potential drawbacks to using multiple currencies. For example, it can be difficult for businesses and consumers to switch between currencies, and multiple currencies can complicate tax collection and other economic measures. Moreover, if one of the currencies loses value relative to the other, it can cause economic hardship.