In which countries is the dollar the national currency? Monetary unit of the country National currencies of different countries.

What do you think is the most expensive currency in the world today?

Most believe that the British pound is the most expensive currency, however, as it turned out, this is not the case.

Especially for blog readers, we have compiled a list of the most powerful currencies in the world (as of January 20, 2020).

So, the most expensive currency in the world ...

#1 - Kuwait Dinar ($3.29)

Currency code - KWD.

Kuwaiti dinar exchange rate:
1 KWD = 3.29 USD(Kuwaiti dinar to dollar).
1 KWD = 202.94 RUB(Kuwaiti dinar to ruble).

The most expensive currency in the world is the Kuwaiti dinar(in relation to the dollar and the Russian ruble).

Kuwait is a small country with huge wealth. The high value of its currency is explained by the significant export of petroleum products to the world market.

Thanks to a stable economy, a highly developed oil production and export industry, Kuwait is considered one of the richest countries in the world.

More than 80% of the country's income comes from the oil industry, since the extraction of black gold here is the easiest and, accordingly, the cheapest in comparison with other countries.

Until 2003, the Kuwaiti dinar was pegged to the dollar, but in 2007 the government decided to tie it to the multicurrency basket.

In addition to a very stable economy, Kuwait is a country with almost no taxes and very low unemployment.

#2 - Bahrain Dinar ($2.66)

Currency code - BHD.

Bahraini dinar exchange rate:
1 BHD = 2.66 USD(Bahraini dinar to dollar).
1 BHD = 163.78 RUB(Bahraini dinar to ruble).

The Bahraini dinar is the second most valuable currency in the world.

Bahrain is an island state in the Persian Gulf with a population of just over 1 million people. As in the first case, the main source of income for this country is the export of black gold.

Interestingly, the Bahraini dinar is pegged to the dollar, and for the past 14 years, its value against the dollar has not changed.

#3 - Omani Rial ($2.60)

Currency code - OMR.

Omani rial exchange rate:
1 OMR = 2.60USD(Omani rial to dollar).
1 OMR = 160.17 RUB(Omani rial to ruble).

Oman is a country on the Arabian Peninsula. Due to its strategic location, it has a developed economy and a high standard of living.

The Omani rial, like the Bahraini dinar, is pegged to the dollar.

Interestingly, the purchasing power of this currency is so high that the government has to issue paper notes in denominations of 1/2 and 1/4 rial. In the picture above you can see 1/2 rial.

#4 - Jordan Dinar ($1.41)

Currency code - JOD.

Jordanian dinar exchange rate:
1 JOD = 1.41USD(Jordanian dinar to dollar).
1 JOD = 86.86 RUB(Jordanian dinar to ruble).

It is rather difficult to explain the high value of the Jordanian dinar, since the country is not particularly developed economically and lacks important resources such as oil. However, 1 Jordanian dinar is worth about $1.41, making it one of the 10 most expensive currencies in the world.

#5 - British Pound ($1.32)

Currency code - GBP.

British pound exchange rate:
1 GBP = 1.32 USD(British pound to dollar).
1 GBP = 80.18 USD(British pound to ruble).

It is the British pound that everyone considers the most expensive currency in the world, but, as it turns out, it is only in 5th place.

By the way, the British colonies issue their own banknotes, which are visually different from those issued by the Bank of England, but are quoted 1 to 1.

So, there are also: Scottish, Northern Irish, Manx, Jersey, Guernsey, Gibraltar pounds, as well as the St. Helena pound and the Falkland Islands pound.

It's funny, but native Brits don't always want to accept "other" pounds as payment.

#6 - Cayman Islands Dollar ($1.22)

Currency code - KYD.

Cayman Islands dollar exchange rate.
1 KYD = 1.22 USD(Cayman Islands dollar to US dollar).
1 KYD = 75.01 RUB(Cayman Islands dollar to ruble).

The Cayman Islands are one of the world's top tax havens. These islands have given power to hundreds of banks, hedge funds and insurance companies.

In particular, due to its leadership among tax havens, the Cayman Islands dollar is worth about US$1.22.

#7 - European Euro ($1.11)

Currency code - EUR.

Euro exchange rate:
1 EUR = 1.11 USD(euro to dollar).
1 EUR = 68.31 RUB(euro to ruble).

Even considering that the Euro has lost about 20% of its value over the past year, it is still one of the strongest in the world.

Part of its strength comes from the fact that it is the official currency in 17 European countries, including several economic heavyweights.

In addition, the Euro is the world's second reserve currency, covering 22.2% of all world savings (the dollar has 62.3%).

#8 - Swiss Franc ($1.01)

Currency code - CHF.

Swiss franc exchange rate:
1 CHF = 1.01 USD(Swiss franc to dollar).
1 CHF = 63.61 RUB(Swiss franc to ruble).

Switzerland is not only one of the richest countries in the world, but also one of the most stable. Its banking system is known for its unshakable "Banking Secrecy".

In addition, their high-tech products are appreciated all over the world.

Pay attention to the original appearance of this banknote. It's the only currency I've seen that "looks" vertical.

#9 - US Dollar

Currency code - USD.

Dollar exchange rate:
1 USD = 0.90 EUR(dollar to euro).
1 USD = 61.58 USD(dollar to ruble).

America's dominance on the world stage has earned its currency the title of “world's reserve currency.” In other words, you can pay with dollars anywhere in the world.

#10 - Canadian dollar ($0.75)

Currency code - CAD.

Canadian dollar exchange rate:
1 CAD = 0.75 USD(Canadian dollar to US dollar).
1 CAD = 47.14 RUB(Canadian dollar to ruble).

The Canadian dollar is the fifth largest reserve currency in the world. It is often referred to as the "moon" after the bird depicted on the $1 coin.

Dropped out of the top ten

Due to the dynamically changing economic and political situation in the world, it is difficult for a currency to remain in this ranking, so here is a list of currencies that have left the top ten in previous periods.

Australian dollar (Australian dollar)($0.68)

Currency code - AUD.

Australian dollar exchange rate:
1 AUD = 0.68 USD(Australian dollar to US dollar).
1 AUD = 42.35 USD(Australian dollar to ruble).

Interestingly, the new series of Australian banknotes, as pictured above, will have a tactile feature (Braille) to help the visually impaired community determine the denomination of the bill.

Azerbaijani manat (Azerbaijani manat)($0.59)

Currency code - AZN.

Azerbaijani manat exchange rate:
1 AZN = 0.59 USD(Azerbaijani manat to dollar).
1 AZN = 36.30 USD(Azerbaijani manat to ruble).

Seeing the Azerbaijani manat on this list is, of course, surprising, but the currency of this Middle Eastern country is only slightly cheaper than the US dollar.

It should be noted that the local economy is actually quite strong, and the unemployment rate in the country is low.

Seborga Luigino?

Have you ever heard of a currency called the Seborgan Luigino?

This currency belongs to the virtual state of the Principality of Seborga, which is located on the border of Italy and France. Luigino circulates mostly locally and is not considered legal tender in any other country.

But interestingly, the local rate of luigino is 1 SPL = 6 USD, which could make this currency the most expensive in the world if it were officially recognized outside the principality.

Thus, despite the huge value of the SPL, the luigino cannot yet take the top spot on our list of the most expensive currencies in the world.

Is high currency value a sign of a strong economy?

It is known that the currencies of not very successful countries tend to depreciate. However, when the economy is doing well, we are unlikely to see the opposite effect.

Indeed, there have been very few cases in practice where the value of a currency has steadily increased. The reasons may be different, but basically, the state itself does not benefit from the constant strengthening of the currency, because. the population begins to actively save money instead of spending it.

Thus, the high cost of the currency only indicates that the inflationary processes in the country are under control.

In the context of this article, one should also mention Japan and its one of the strongest economies in the world. At the same time, the value of the Japanese yen is very small, $1 = ¥108.74.

Information about the highest value of currencies can hardly be used by investors to make any investment decisions. In this case, it is better to consider the most stable currencies.

By the way, did you know that you cannot use images of banknotes without the inscription "SPECIMEN"? Let's learn to follow the laws, comrades!

Today, whatever we buy, from food to an apartment or a car, costs a certain amount of money. Both paper bills and metal coins, and recently even credit cards, act as them. But different. Each country has its own currency, and therefore the perception of the whole is rather complicated. In this article you will find basic information about the money of different countries, as well as interesting facts about the means of payment, their circulation.

The history of money

The history of money in different countries has several thousand years. The first primitive coins appeared around 500 BC. in the small country of Lydia (now part of Turkey). They were made from an alloy of gold and silver. Many historical primary sources mention money in one way or another. Even before the advent of modern money, the main equivalent for exchange was a commodity that had a special value. This means that money replaced furs, shells, tea, precious stones, etc.

The appearance of money

Gradually, society developed, and not furs and pearls became the equivalent of value, but money, the exchange value of which was recognized by everyone. The money of different countries of the world is also quite different. For example, in the USA the dollar is used, in Japan - the yen, in Europe - the general

Basic information about the money of different countries cannot be formulated without describing the appearance of currencies. Almost always, from the images on the currency, one can trace the path of historical transformations in the state. Since prominent political and cultural figures of a particular country or important historical events are depicted on money. A very accurate example is the currency of the European Union. Each banknote or coin bears images of various architectural monuments and styles (Baroque, Gothic, Classical, Romanesque), which characterize historical eras in the development of the European community.

Basic functions of money

Even despite the fact that the money of the world is quite diverse, it is generally accepted that they all perform, if not the same, then rather similar functions, among which the following can be distinguished:

• money is the measure of the value of all goods and services;
• money acts as a kind of intermediary in the exchange of goods and services;
• money acts like savings;
• money performs the function of an economic intermediary between states, individuals and legal entities.

If we give a more general classification, then the money of different countries of the world can be divided into two more groups:

• symbolic;
• natural.

Absolutely any natural currency unit has its useful value. But over time, this type of money leaves the circulation system. It is replaced by symbolic money. This type includes a variety of coins, paper money, bonds, bank checks, etc.

The main cost of such symbolic (essentially modern) money is not the cost of the material from which they are made, but their symbolic face value, officially approved by the country's leadership.

The name of the money of different countries of the world

As already mentioned, each country has different money for many reasons. In order to have basic information about the money of different countries, they should be classified and mentioned.

Monetary units of Africa: Liberian dollar, Nigerian naira, Egyptian pound, Chadian franc, Ghanaian cedi, Malian franc, etc.

Monetary units of Asia: Vietnamese dong, Israeli shekel, Japanese yen, Indian rupee, Philippine peso, Bhutanese ngultrum, Thai baht and many others.

Monetary units of America and Oceania: Argentine peso, US dollar, Cuban peso, Australian dollar, Bahamian dollar, Vanuatu vatu and others.

Monetary units of Europe and the CIS: Danish krone, euro, Russian ruble, Armenian dram, Serbian dinar, Kyrgyz som, Kazakh tenge, Estonian krone, etc.

As you can see, money is a universal payment system that has developed historically and is recognized by all countries and peoples as a convenient means of payment. These are the basic information about the money of different countries.

In June 1993, the Royal Mint of Great Britain issued obsolete coins that were withdrawn from circulation 20 years ago. And this was done deliberately and on a special occasion, which most of the British do not even know about. The whole point of the matter was that the guitarist of the legendary rock band Queen, Brian May, did not use a plectrum while playing the guitar, but a penny of the 1970 release. At his personal request, the issue of an outdated series of sixpence coins was organized.

Coin "old copper nose"

Quite an odd name for a coin. But it was indeed published in England at the end of the 8th century by King Henry. It is famous for being the first coin of its kind, which was cast not from silver, but from copper (later they were covered with silver). In the process of circulation, the silver layer on the coin was quickly erased, especially on the protruding part. That is, on the image of the king, the nose was first erased. Therefore, the name “old copper nose” was assigned to the coin.

Half a penny

Perhaps the most curious coin that has ever circulated in the USSR. Half kopecks were minted in 1926-1927, and there was talk about them for half a century. The fact is that in the Union, in order to save copper, it was decided to mint coins from an alloy of copper and zinc.

We examined the basic information about the money of different countries and illustrated them with interesting facts. But this information is only enough for a general idea. What kind of money in different countries, we tried to briefly consider.

Money in the hands of man appeared many years ago. Since the individual has learned to produce something in excess of the rate of his consumption, he began to change with other people. But the inefficiency, and often the injustice of barter relations, prompted humanity to the idea of ​​creating money. The currency of different countries of the world is a phenomenon that originated a long time ago. It was not very soon transformed into the usual banknotes of different denominations. The transformation of money into new forms is still ongoing. But still, for each country, its monetary unit is a distinctive feature, a special symbol that serves as an indicator of the independence and uniqueness of the state.

How many people - so many opinions

This phrase can be "replayed" as follows: "So many countries - so much money." Although, to be precise, there are not so many currencies in the world. Despite the fact that there are 251 officially recognized states on the planet, not every one has its own currency. Why is this happening? The currency of different countries of the world often depends on many factors. For example, whether this or that state is in economic or political unions, and also whether it was previously a colonial territory. So, many people use one, generally accepted for their union, the monetary unit - the euro, and in countries that used to be subordinate to England, Spain, France, the currency of the overlords still circulates.

At the same time, participation in one or another community of powers is not a prerequisite for abandoning the national currency. For example, Great Britain, one of the main members of the EU, did not abandon its pound sterling, which, however, is not surprising, because this monetary unit is one of the reserve currencies in the world economy. Other members of this union followed the same path - Poland, where the zloty is used, Sweden with its nominal crown, as well as Slovenia, on the territory of which the Slovenian dollar is officially recognized, and Romania, which issues lei.

Currency designation - why is it?

In the international classifier, each currency is assigned a special code and number. This greatly simplifies the procedure for banking operations, various transactions and contracts. The developed standards are recognized all over the world and are used in every country.

It is rather problematic to write all the currency symbols in one article, because there are quite a lot of them, but the main ones can be given in the form of a table. Currency of different countries of the world - designations:

State	Currency name	Designation	Symbol
EU countries
	U.S. $
Great Britain	GBP

Each visitor to the bank, looking at the scoreboard with the prices of the currency, paid attention to the fact that the names of the monetary units were not written in full. They consist of several letters. This was done in order to avoid confusion, because there are quite a few monetary units of the same name. For example, the dollar is not only American, but also Canadian, Australian, Slovenian and even Liberian. The same applies to the dinar, called the Kuwaiti, Libyan, Thai and Tunisian, as well as the peso, which is actively rotating in the economy of Argentina, Cuba, Mexico, the Philippine Islands.

All monetary units have their own unique history. The currency of different countries of the world is a special distinguishing feature of each power, its "face". Money design is done at the state level. For banknotes and coins, even peculiar beauty contests are held. So, according to experts, the most attractive and aesthetic is the competition. More than 50 currencies participated in the competition, and the selection criteria were quite strict. Banknotes were torn, crumpled, testing for strength. In addition, the quality of the pictures depicted on banknotes and the overall style were evaluated.

Making money is the prerogative of the state, but dishonest businessmen are very fond of making counterfeit banknotes. And this practice has been around for a very long time. For example, American dollars are perhaps one of the most counterfeited currencies, according to statisticians, in 1865 every third banknote in the United States was fake. Although there is nothing surprising in this, because the first money in the country was made in the attic of the "treasury" during the Civil War. The difficult situation at that time was clearly not conducive to compliance with all the rules and security measures that apply to modern banknotes.

A special requirement that the currency of different countries of the world must meet is strength. Standard bills are designed to be folded up to 4,000 times, and the average life of a banknote is about seven years.

global currency

People who are not directly related to banking and financial activities do not know what currency is valid in other countries. For example, they are unaware that Morocco uses the dirham, Panama uses the balboa, and Brazil uses the cruzeiro. Instead, almost all citizens of Russia have heard about the dollar, euro or pound. What currency in different countries of the world - actively exploited in other states or not very popular - depends on how strongly developed the economy of a particular power. The stronger it is, the stronger the national currency.

There are countries in which, in a free (though not very honest and legal) way, operations and transactions are carried out not only in the country's currency, but also in the so-called world money. First of all, they include the euro and the dollar. Nowadays, against the backdrop of an aggravated geopolitical situation, there is a lot of talk about creating a new currency that would not feed the economies of individual countries. The most ardent ideological creators of such a message are China and Russia, because their economies are developing quite rapidly, and the need to use them for international payments does not contribute to an equal state of affairs.

Money - will humanity get rid of their influence?

Is it possible to imagine a person's life without money as such? I think no. But even 50 years ago, no one would have thought that people would almost completely abandon the use of real banknotes and coins. But it happened! Electronic payment systems, bank cards, online banking are systematically and confidently pushing cash out of people's pockets and wallets. This process is most pronounced in developed countries, where the financial system is developed at a very high level.

In addition, the so-called virtual money and the currency of different countries of the world have recently been in constant confrontation. Photos and articles in reputable financial publications describe this struggle in detail: who will be the winner? The answer to this exciting question remains a mystery to everyone. Many people do not understand what virtual money is, but their creators persistently convince that they are the future. Well, let's see.

Cooperation with foreign enterprises and carrying out export-import operations requires constant attention to changes in exchange rates. This is especially true for import clearance, since when ordering foreign products, payment is most often made in the monetary units of the country from which the delivery is made.

However, one should not think that the exchange rates of the Central Bank of the Russian Federation are of interest only to foreign trade participants, employees of logistics companies and stock brokers. In the life of any person, there are situations when it is necessary to find out the official exchange rate for today.

Consider the most common everyday situations when you need to find out the ratio of the currency of another state to the ruble:

• buying a car abroad from a manufacturer;
• going on vacation and needing to exchange money for local currency;
• ordering goods on a foreign site where prices in rubles are not indicated;
• investment of savings in foreign currency.

On our website you can get acquainted with the exchange rate of the main international currencies, as well as the CIS and Baltic countries with which the Russian Federation maintains trade relations.

Current exchange rates for today

There are many ways to find out the exchange rate. This information can be obtained from banks, exchange offices and financial institutions. But the most convenient option for today is just to go online and find out everything you need.

Unfortunately, not all resources are up-to-date and provide reliable information, so when choosing a site, you should give preference to large resources with a positive reputation that you can really trust.

On the Alta-Soft website, you can get information about exchange rates online and not worry about its reliability. The data provided is checked daily and updated in accordance with the current changes in exchange rates.

Other services for currency transactions from Alta-Soft

The functionality of our resource is not limited to the table of exchange rates for today. Here you can also use the currency calculator and convert a specific amount of funds in other monetary units. The translation result is calculated up to the fourth decimal place.

You can also see the dynamics of growth and decline in the value of currencies by going to the "Charts of changes in the exchange rate" section. Using these indicators, you will be able to choose the right time to transfer funds or conclude sales transactions with a foreign supplier.

Money- a specific product with the highest liquidity, serving as a measure of the cost of other goods and services. One of the functions of money is the role of an intermediary in the exchange of one good for another.

With the help of money, the value of various goods is expressed, since money is easily exchanged for any of them. Such a monetary value makes heterogeneous goods easily comparable in exchange. This allows the value of all commodities to be measured by the same specific commodity, turning this latter into a common measure of value for them, that is, into money.

Usually, a commodity with high liquidity becomes money (it is easiest to exchange for another commodity, such as livestock). In addition to being a measure of value for other commodities, money is a medium of exchange, that is, a commodity that is an intermediary in the process of exchange. In addition, the function of money can be performed by various things, other property rights, obligations and property-obligation complexes. Unlike commodities, which, after exchange, leave circulation, money as a means of circulation is always in it, continuously serving the acts of exchange of commodities.

In modern conditions, the role of money is not so much specific goods (for example, gold or other precious metals from which investment coins are made), but the obligations of the state or the central bank in the form of banknotes. Such money has no independent value and is only nominally equivalent.

Table of monetary units and exchange currency of the countries of the world

The reference table contains data on the monetary units (currency) of most countries of the world and their equivalents in exchange currency, as well as the English name and international designation

Countries of the world	Monetary units	English name	Coin equivalent	International designation
Euro area countries*	Euro	Euro	100 euro cents	EVR
Australia	Australian dollar	dollar	100 cents	AUD
Azerbaijan	manat	manat	100 gapik	AZM
Algeria	Algerian dinar	Dinar	100 centimes	DZD
Argentina	Peso Argentine	Peso	100 centavos	ARS
Armenia	AMD	Dram	100 lumes	AMD
Belarus	Belarusian ruble	Rouble	100 kopecks	BYR
Bulgaria	a lion	Lev	100 cents	BGL
Brazil	Real	Real	100 centavos	BRL
Great Britain	GBP	Pound Sterling	100 pence	GBR
Hungary	Forint	Forint	100 fillers	HUF
Venezuela	Bolivar	Bolivar	100 centimos	VEB
Vietnam	Dong	dong	100 hao=100 su	VND
Georgia	lari	Larry	100 tetri	GEL
Denmark	Danish crown	Krone	100 ore	DKK
Egypt	Egyptian pound	Pound	100 piastres	EGP
Israel	Israeli shekel	New Sheqel	100 agorot	ILS
India	Indian rupee	Ruppe	100 paise	INR
Jordan	Dinar Jordanian	Dinar	100 fils	JOD
Kazakhstan	Tenge	Tenge	100 tyen	KZT
Canada	Canadian dollar	dollar	100 cents	CAD
Kyrgyzstan	catfish	som	100 tyiyns	KGS
China	Yuan	Yuan	100 jiao=100 feng	CHY
Latvia	lat	Lat	100 centimes	LVL
Lithuania	Lit	Litas	100 cents	LTL
Malaysia	Ringgit	ringgit	100 sen	MYR
Mexico	Mexican peso	Peso	100 centavos	MXP
Moldova	Lei Moldavian	Leu	100 baths	MDL
Mongolia	Tugrik	Tughrig	100 mungu	MNT
Norway	Norwegian krone	Krone	100 ore	NOK
Poland	Golden	Zloty	100 groszy	PIZ
The Republic of Korea	Bona South Korean	Won	100 chon	KRW
Russia	Russian ruble	Rouble	100 kopecks	RUR
Romania	Lei Romanian	Leu	100 baths	ROL
Syria	Syrian pound	Pound	100 piastres	SYP
Slovakia	Slovak crown	Koruna	100 hellers	SKK
USA	U.S. dollar	dollar	100 cents	USD
Tajikistan	Somoni	somoni	100 diram	TJS
Tunisia	Tunisian dinar	Dinar	100 millimeters	TND
Turkmenistan	manat	manat	100 tenge	TMM
Türkiye	Turkish lira	Lira	100 kurush	TRL
Uzbekistan	Sumy	sum	100 tiyins	UZS
Ukraine	Hryvnia	Hrivna	100 kopecks	USD
Philippines	Philippine peso	Peso	100 centavos	PHP
Croatia	Kuna	Kuna	100 lipa	HRK
Czech	Czech crown	Koruna	100 hellers	CZK
Chile	Chilean peso	Peso	100 centavos	CLP
Switzerland	Swiss franc	franc	100 centimes	CHF
Sweden	swedish krone	Krona	100 ore	SEK
Estonia	Estonian krone	Kroon	100 cents	EEK
Ethiopia	Birr	Birr	100 cents	ETB
South Africa	Rand	Rand	100 cents	ZAR
Japan	Yen	Yen	100 sen	JPY

Eurozone countries: Austria, Belgium, Germany, Greece, Ireland, Spain, Italy, Cyprus, Luxembourg, Malta, Netherlands, Portugal, Slovenia, Finland, France.