Money matters
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POSTED ON:
7 Jan, 2022
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TOTAL VIEWS:
450 Views
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POSTED BY:
Bhavya Venkatesh
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ARTICLE POINTS:
150 Points
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Money is a medium of exchange. It is what people use to buy goods and services. In the early days, people used to exchange goods in return for goods, and this was called the barter system. Later on, societies began to use money instead.
Every country in the world has a specific currency. For instance, the currency of India is the Indian rupee while that of Australia is the Australian Dollar. In the U.A.E you would buy products using the dirham while in Malaysia you would use the ringgit.
The below grid has the names of 10 different currencies. Can you spot them all?
Countries and their currencies:
Several countries including Algeria, Bahrain, Iraq, Jordan, Kuwait, Libya, and Tunisia use a currency called dinar.
Dollar is the name of more than 20 currencies including the Australian dollar, Brunei dollar, Canadian dollar, Hong Kong dollar, Jamaican dollar, Liberian dollar, Namibian dollar, New Taiwan dollar, New Zealand dollar, Singapore dollar, United States dollar, and so on.
The euro is the official currency of 19 of the 27 member states of the European Union.
Countries that use a currency called peso include Argentina, Chile, Colombia, Cuba, the Dominican Republic, Mexico, the Philippines, and Uruguay.
Pound sterling is the official currency of the United Kingdom.
Countries such as Iran, Oman, Qatar, Saudi Arabia, and Yemen use the rial or riyal.
The ruble is the currency of Russia and Belarus (where it is spelled ‘rubel’)
Did you know that India is not the only country with rupee as its currency? Rupee is also the common name for the currency in countries such as Indonesia, the Maldives, Mauritius, Nepal, Pakistan, Seychelles, and Sri Lanka.
Won is the currency of South Korea and North Korea.
Yen is the official currency of Japan.