Currencies
Currencies are considered one of the most important components of commercial and material operations for the purchase of goods and trade exchange, and they are only carried out by them, and many currencies are known globally; The reason for their fame is due to a large number of trading in it or the strength and high economic value in the country, which pushes the whole world to trade in it, and it is diverse and diverse from the east and west of the earth, so we will talk about the most famous global currencies in this article.
The world's most famous currencies
Global currencies vary according to the increase in the number of people and the size of the world, so all countries have created a currency dedicated to it, and it also bears a cultural character on it, as it can be traded locally and globally, the most famous of which are the following:
- The US dollar is one of the most famous global currencies that occupies the forefront in the world, and this currency is widely spread in the United States of America, and it is dealt with by tourists who do not have the currency of the country in which they are, and it is worth noting that the strength of the dollar follows the strength of the country such as the United States of America.
- The Swiss Franc, which is one of the most famous international currencies since antiquity, has also maintained its position until now. It was the first currency in the past; Therefore, the world's rich and merchants intend to save their money. The franc currency is equivalent to one and a half of the value of the dollar.
- The European euro is considered one of the original European currencies. The European euro is used in internal transactions, and some European countries still deal with it as a major currency, such as France. It is equivalent to one and a half times the dollar in value; So it is controlled by the German International Bank in Frankfurt.
- The Japanese Yen This currency is spread in the continent of Asia and is known globally, and the Japanese yen currency contributes to linking domestic investment and international investment, and this currency derived its strength from the strength of the ancient Japanese imperial civilization.
- The Canadian dollar follows the US dollar in terms of popularity in commercial transactions, and it is globally approved, especially in commodity transactions. For example, if a country wants to import a specific commodity such as rice, it will resort to dealing in Canadian dollars before the US dollar.
- The pound sterling is one of the most well-known global currencies, and the reason for its fame is that it is one of the currencies that was traded in the countries that were ruled by the Queen of Britain in the past and until now, such as Britain, and this particular country maintains trading in the pound sterling and refuses to deal with others, to the point that when it signs contracts For its football players, it is made in the sterling currency, because it is proud of its currency, and it is not subject to the US dollar, and this has earned the pound sterling world fame.
- The manat is the currency that Azerbaijan is famous for, but it is less known than the previous currencies, and it is also one of the currencies that does not attract many investors, due to the strength of the state and its poor reputation, and is equivalent to a dollar and a quarter, that is, it is equivalent to many times the European currencies, so it was included under the list The world's most famous currencies.
- The Kuwaiti dinar and its reputation are very weak compared to the dollar, the euro, and the franc, but it is the highest in the world, as it is higher than the dollar and the euro in terms of value, so Kuwait attracts many expatriate workers to take advantage of the dinar currency in it.
- The Jordanian dinar, the currency used in Jordan and Palestine was one, but after Jordan became independent and adopted its own currency, it has a greater value than the rest of the Arab countries. Under the list of world currencies.
- The Omani riyal This currency appeared in the middle of the last century and achieved great success. The Omani riyal is of high value, equivalent to two and a half dollars. Despite that high value, its fame is limited to the Arab world and is rarely used by European and American countries.
Standards to be available in currencies
Some laws and standards must be met in money to be called the currency, as it bears the full picture of the politics, traditions, transactions, and culture of the country, the most important of which are the following:
- The currency is widely accepted.
- To be easily exchangeable and measurable.
- To be divisible into parts, to facilitate business operations.
- It is light in weight and easy to carry at any time.
- to have a valid value.
- Not to be easily damaged and torn.
