10 Interesting Fact About World currencies and exchange rates
10 Interesting Fact About World currencies and exchange rates
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The highest currency in the world is Dinar Kuwait, with an exchange rate of around $ 3.31 USD.
Before the introduction of Euro, several European countries used a currency called ECU (European Currency Unit).
The country with the highest inflation in history is Zimbabwe, where the exchange rate for 1 US dollar can reach 10 trillion Zimbabwe dollar.
Initially, paper money was not widely accepted because many people doubt their values and safety.
Although the United States has a strong currency, this country also has a very large foreign debt.
The oldest currency that is still used in the world is the British pound sterling, which has been circulating since the 8th century.
In addition to the US dollar, some other currencies that are widely used in international trade are Euro, Japanese Yen, Pound Sterling England, and Swiss francs.
Exchange rate fluctuations can be influenced by various factors, including politics, economy, and social stability.
Small countries like Andorra, San Marino, and Monaco do not have their own currencies and use the currency of neighboring countries or Euros.
There are around 180 currencies that are recognized and used throughout the world.
