Monday 12 October 2020

About National Currencies.....


According to WorldAtlas.com, 180 national currencies recognized by the United Nations are currently in circulation. Another 66 countries either use the U.S. dollar or peg their currencies directly to the dollar.....

Most countries issue their own currencies. For example, Switzerland's official currency is the Swiss franc, and Japan's is the yen. An exception is the euro, which has been adopted by most countries that are members of the European Union.


Some countries accept the U.S. dollar as legal tender in addition to their own currencies. Costa Rica, El Salvador, and Ecuador all accept U.S. dollars. For some time after the founding of the U.S. Mint in 1792, Americans continued to use Spanish coins because they were heavier and presumably felt more valuable.

There are also branded currencies, like airline and credit card points and Disney Dollars. These are issued by companies and are used only to pay for the products and services to which they are tied.

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