Top 10 currencies factsCurrencies quiz
What is the currency of Ecuador?
U.S. dollar. Just like Panama and El Salvador, the official currency of Ecuador is the U.S. Dollar. The switch from Sucre to USD in 2000 helped the country to achieve economic stability. Ecuador also issues centavo coins (but no banknotes), identical in size and value to their U.S. cent counterparts.
Which currency went through the worst hyperinflation ever recorded?
Hungarian pengő. Directly after the end of WWII, Hungary went through the most severe known incident of inflation ever recorded, peaking at 1.3 × 10^16 percent per month (prices doubled every 15 hours). When the pengő was replaced in August 1946 by the forint, four hundred octillion pengő became 1 forint.
Where were florins from?
Italy. As is evidenced by its name, the coin was first struck in Florence. As many Florentine banks had branches across Europe, the florin quickly became the dominant trade coin of Western Europe for large scale transactions.
Where does the name of the Russian currency come from - the ruble?
From breaking. The word "ruble" comes from the verb meaning "break" and refers to the Middle Ages, when pieces of silver were broken into smaller ones when changing money. The ruble was the world's first decimal currency: it was decimalised in 1704 when the ruble became legally equal to 100 kopeks.
Which of the following currencies was decimalised last?
Pound sterling. On 15 February 1971, the UK decimalised the pound sterling, replacing the shilling and penny with a single subdivision, the new penny. Under the old currency, the pound was made up of 240 pence, with 12 pence in a shilling and 20 shillings in a pound.
How many countries mint own euro coins, even though are not part of the European Union?
3. Monaco, San Marino and the Vatican City have concluded formal agreements with the EU to use the euro as their official currency and mint their own coins. Kosovo and Montenegro officially adopted the euro as their sole currency without an agreement and, therefore, have no issuing rights.
What is the national currency of Egypt?
The pound. When the British first got involved in Egypt in the nineteenth century, Egypt was using a monetary unit known as the piastre, or Qirsh. Since 100 piastres was roughly between the value of one pound sterling and one Guinea, a new unit, called the pound in English and the ginaih in Arabic, was created equal to one hundred piastres. The Egyptian pound, however, has never been exactly equal in value to the pound sterling.
What is the unit of currency in Cyprus?
Euro. The currency of the Republic of Cyprus is the Euro (€). It is divided into 100 euro cents (¢). Cyprus switched to the euro on January 1st, 2008. Prior to that, it had been using the Cypriot Pound as its currency.