Importance of currency
The Indian rupee (Devanagari: रुपया ) (sign; code: INR) is the official currency of the Republic of India. The issuance of the currency is controlled by the Reserve Bank of India.DevanagarisigncodecurrencyRepublic of IndiaReserve Bank of India The modern rupee is subdivided into 100 paise (singular paisa). The coins have nominal values of 1, 2, 5, 10, 20, 25 and 50 paise as well as 1, 2, 5 and 10 rupees.paise
The U.S. dollar is normally abbreviated as the dollar sign, $, or as USD or US$to distinguish it from other dollar-denominated currencies and from others that use the $ symbol. It is divided into 100 cents.dollar signdollarcents The U.S. dollar is the currency most used in international transactions and is one of the world's reserve currencies. Several countries use it as their official currency, in many others it is the de facto currency, and it is also used as the sole currency in some British Overseas Territories.international transactionsreserve currenciesuse it as their official currencyde facto currencyBritish Overseas Territories
The name euro was officially adopted on 16 December The euro was introduced to world financial markets as an accounting currency on 1 January 1999, replacing the former European Currency Unit (ECU) at a ratio of 1:1. Euro coins and banknotes entered circulation on 1 January 2002.European Currency Unitcoinsbanknotes
TThe dirham (Arabic: درهم ) (sign: د. إ ; code: AED) is the currency of the United Arab Emirates. The ISO 4217 code (currency abbreviation) for the United Arab Emirates dirham is AED. Unofficial abbreviations include DH or Dhs. The dirham is subdivided into 100 fils
The pound sterling (symbol: £; ISO code: GBP), commonly called the pound, is the official currency of the United Kingdom, its Crown Dependencies (the Isle of Man and the Channel Islands) and the British Overseas Territories of South Georgia and the South Sandwich Islands, British Antarctic Territory [3] and Tristan da Cunha. It is subdivided into 100 pence (singular: penny)£ISO codecurrencyUnited KingdomCrown DependenciesIsle of ManChannel IslandsBritish Overseas TerritoriesSouth Georgia and the South Sandwich IslandsBritish Antarctic Territory [3]Tristan da Cunha
he Japanese yen ( 円 or 圓 en ? ) (sign: ¥; code: JPY) is the official currency of Japan. It is the third most- traded currency in the foreign exchange market after the United States dollar and the euro. It is also widely used as a reserve currency after the U.S. dollar, the euro and the pound sterling. As is common when counting in East Asia, large quantities of yen are often counted in multiples of 10,000 (man, 万 ) in the same way as values in Western countries are often quoted in thousands. 円 圓 ?sign¥codecurrencyJapanforeign exchange marketUnited States dollareuroreserve currencypound sterlingcounting in East Asia