Have you ever wondered just how many currencies there are around the world? Or which currencies are the most traded ones? Well, wonder no more! Here we share some fast facts about the current world currencies.
How many world currencies are there?
Well, as you may have guessed from the title, there are 180 current currencies across the world, as recognized by the United Nations. The British pound is the world’s oldest currency that’s still in use, dating back to the 8th century. The newest currency in the world is the South Sudanese pound, made official on July 18, 2011.
And the dollar is the currency of which country?
It might seem like a straightforward question with an obvious answer, but there are plenty of countries around the world that use a dollar currency besides the USA. In fact, there are 22 countries in total that use their own form of dollars as their national currency. Most of the dollar currencies can be traced back to the original Spanish dollars (the currency of the New World), but some, such as Australian dollars, simply adopted the name ‘dollars’ when they started using the decimal system.
Are you ready? The dollar currencies are the Australian dollar, the Bahamian dollar, the Barbadian dollar, the Belize dollar, the Bermudan dollar, the Brunei dollar, the Canadian dollar, the Eastern Caribbean dollar, the Fijian dollar, the Guyana dollar, the Hong Kong dollar, the Jamaican dollar, the Liberian dollar, the Namibian dollar, the New Zealand dollar, the Singapore dollar, the Solomon Islands dollar, the Surinamese dollar, the Taiwanese dollar, the Trinidad and Tobago dollar, and the now defunct Zimbabwe dollar.
Visiting somewhere that uses a dollar currency?Find out more about dollars
Which other countries use the US dollar?
As well as the countries that have their own form of dollars, there are lots of others that simply use US dollars in place of their own currency. The US dollar is the official currency of East Timor, Ecuador, El Salvador, Federated States of Micronesia, Marshall Islands, Palau, the Caribbean Netherlands, and Panama for banknotes.
The US dollar is also widely accepted in a ton of places around the world, despite not being the legal tender there. As well as the obvious choices of Canada and Mexico, you can use US dollars in various tourist destinations and retirement hotspots such as the Commonwealth of the Bahamas, Barbados, Belize, Bermuda, Cambodia, the Cayman Islands, parts of Costa Rica, Liberia, Nicaragua, Panama, Philippines, Republic of the Union of Myanmar (Burma), Sint Maarten, St Kitts and Nevis, the ABC Islands of Aruba, Bonaire, Curacao, the major cities of Vietnam, and the Old City of Jerusalem. Got all that?
Which countries use the euro?
Officially, the euro is the currency of 19 countries: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. The European microstates of Andorra, Monaco, San Marino, and Vatican City have also adopted the euro, as well as Kosovo and Montenegro as a de facto currency.
Several of the Overseas County and Territories (known as the OCT) of countries in the European Union have also adopted the euro, such as Akrotiri and Dhekelia, French Southern and Antarctic Lands, Saint-Barthélemy, and Saint-Pierre-et-Miquelon, as well as the overseas departments such as French Guiana, Guadeloupe, Martinique, and Réunion.
Headed to Europe on your next vacation?Find out more about euros
The biggest bank note
Before the collapse of the Zimbabwe dollar, massive inflation left 100 trillion Zimbabwe dollars as worth around 5 US dollars in 2009.
And if you're wondering what 100 trillion looks like....it's 100,000,000,000,000!