Country currencies are unknown to many. That is why I decided to write an article about the world currencies of countries, as well as numerous interesting facts about money. For example, the most used currency in Europe is certainly the euro, which is used in 19 countries of the European Union, as well as some non-members such as Montenegro. When all that is added up, the euro is used daily by more than 337 million Europeans, and the currency used more than the euro is only the US dollar.
However, many European countries did not want to accept the common currency, and in the following text, read which countries they are, which currencies they use and what is their attitude towards the euro.
Eurozone and country currencies
The Eurozone is an area in Europe that includes all countries that use a common currency, ie. euro. The Eurozone includes 19 members of the European Union: Austria, Belgium, Greece, Estonia, Ireland, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, Germany, Portugal, Slovakia, Slovenia, the Netherlands, Finland, France and Spain.
Also, the eurozone consists of four countries that are not members of the EU, but have an agreement with it on the use of the single currency, namely: Andorra, Monaco, San Marino and the Vatican. To this number should be added another country in which the euro is used as the official currency, and that is Montenegro.
European crowns
If we start from the North of the continent, the Scandinavian countries - Sweden, Norway and Danas use crowns - the Swedish krona, the Norwegian krone and the Danish krone.
These Scandinavian countries were once members of the Scandinavian Monetary Union, which existed from 1873 until the First World War, but the member states decided to keep the name of the currency after the collapse.
All three currencies have similar values, approximately 1 crown of these countries is about 10 cents.
Three other European countries use crowns as their currency, namely: the Czech Republic, Slovakia and Iceland.
The Czech and Slovak crowns have been the official currencies of these countries since 1993, when they replaced the existence of the former common Czechoslovak crown.
European mixed currencies: lek, lev, lei
Due to similar names, these three currencies are often confused. The lek is the official currency of Albania, the lev is used in Bulgaria, and the lei in Moldova and Romania.
Lek has been the official currency of Albania since 1926, and before that Ottoman money was used in this country.
Apart from similar names, these currencies have nothing in common. Their values are completely different. According to the value, the Albanian lek is more similar to the Serbian dinar: 10 Leks are almost 9 dinars.
Ruble
Underwear is used in two European countries: Russia and Belarus. The Belarusian ruble was introduced in 1992 and then had a value of 10 Soviet rubles. However, since 2016, a new Belarusian ruble worth 10,000 old rubles has been used in Belarus for one new one.
The ruble has been the official currency in Russia for more than 500 years. The Russian ruble was the official currency of the Russian Empire and the Soviet Union.
Today, one Belarusian ruble is worth almost 30 Russian rubles, which means that the exchange rate list of the ruble currency is not an approximate value, but the Russian and Belarusian rubles are quite different values.
French, forints and pounds
Swiss francs are used in two countries: Switzerland and Liechtenstein.
The current franc was introduced in 1850 and had the same value as the then French franc. From 1885 to 1927, Switzerland, Belgium, Italy and France had a common currency value within the then Latin Monetary Union. Read in detail what the exchange rate of the franc currency looks like, as well as forints and pounds.
The Swiss franc is one of the most stable currencies and moves side by side with the euro on the exchange rate list (10 francs = 8.7 euros)
The forint has been the official currency of Hungary since 1946. The forint was previously used in the Austro-Hungarian Empire from 1867 to 1892.
This currency has no great value - 100 forints = 3.2 euros.
The pound is the currency used in the United Kingdom, as well as in some British overseas territories. Also, some non-European countries, such as Egypt, Syria, Sudan and Lebanon, use their pound as their official currency.
As for the British pound, its value is slightly higher than the value of the euro - 1 pound is 1.12 euros.
Other currencies: marks, kuna, denar, zloty, hryvnia, lira
Convertible mark-Bosnia and Herzegovina;
Kuna-Croatia;
Denar-Northern Macedonia;
Hryvnia-Ukraine;
Zloty-Poland;
Lira-Turkey.
World currencies - Dollars
The dollar is the common name for the currencies of more than twenty countries. Certainly the most famous and most used is the US dollar, followed by the Canadian and Australian.
Dollars are also used in many African and Asian countries: the Bahamas, Barbados, Belize, Bermuda, Brunei, Guyana, the Solomon Islands, Zimbabwe, Eastern Cyprus, Jamaica, Liberia, Namibia, Taiwan, New Zealand, in Singapore, Hong Kong and Fiji.
The dollar has been the official currency of the United States since the War of Independence (1785), after which the then Minister of Finance, Alexander Hamilton, proposed the dollar as a means of payment, calculation and exchange.
Today, several other countries use the US dollar as their currency, and it is also widespread as a reserve currency in other countries around the world. In fact, almost two-thirds of the US dollars in circulation are outside this country.
The dollar has been the official currency in Canada since 1858, and in Australia since 1966. Australian dollars are also used in Australia's "outer territories": Christmas Island, Norfolk Island and the Cocos Islands, as well as in the independent Pacific states of Kiribati, Nauru and Tuvalu. .
The values of the Canadian and Australian dollars are very similar.
Which world countries use the dinar?
It is also interesting that several African and Asian countries use the dinar as their official currency, so we distinguish: the Algerian, Bahraini, Iraqi, Kuwaiti, Libyan and Tunisian dinars. Of course, the dinar is the official currency in Serbia as well.
Thanks to my dear readers for reading my article, and of course @TheRandomRewarder !
BEST REGARDS!!!
Great article!