D ollar appreciation affected many countries in the emerging markets. Indian rupee and Turkish lira hit an all-time low.

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Brazilian real, too, was down 6. There are, however, countries that have currencies that are stronger than the US dollar. In other words, you have to pay more than a dollar to buy one unit of these currencies. A word of caution: I ntroduced in to replace Gulf rupee, it was equivalent of one pound sterling initially. When Iraq invaded Kuwait in , they replaced Kuwaiti dinar with Iraqi dinar.

After liberation, the Kuwaiti dinar was restored. B ahrain introduced dinar in to replace the Gulf rupee. Initially one dinar was equivalent to 10 rupees. T here was a time when India rupee was the main currency, along with Maria Theresa Thaler, circulating in Muscat and Oman.

In , however, the rial Saidi was made the currency of Oman. F irst introduced in , lats were replaced with Soviet ruble when USSR occupied the country. After the country regained independence, the currency was reintroduced in In June , European Union asses the Latvia and gave it the green light to introduce euro. T he pound sterling is the world's oldest currency still in use and it is the fourth most traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen.

T he British introduced the pound following the reassertion of sovereignty in the Falklands Islands in Falklands' banknotes feature the same images, differing only in their respective denominations and corresponding colours. According to Wikipedia, all notes contain a portrait of Queen Elizabeth II, the Falklands' coat of arms, a small map of the islands, and images of two of the islands' main animals: On the back, notes feature pictures of Christ Church Cathedral in Stanley and Government House, the official residence of the Governor of the Falkland Islands.

T he official currency in the country has seen many changes through the history. In the late nineteenth century, British and Spanish currencies were in circulation along with Gibraltarian coins. The Spanish-American War at the beginning of twentieth century made the Spanish peseta drop alarmingly.

And few years later pound became the official currency. Since , the country has been issuing its own banknotes and coins and a currency act in denominated the Gibraltar currency to pounds.

T he islands are part of British overseas territory. The territory has had a very long history of its own currencies, which have come and gone when the economy boomed and slowed down. Prior to , British pound and South African pound were accepted on the island but when South African rand was introduced, the island continued denominating its currency to British pound.

F rom to , the Palestine Currency Board issued Palestine pound as the official currency in both Palestine and the Trans-Jordan Emirate, according to Wikipedia. T he currency is the official currency of eurozone that comprises of 17 countries. Some these include Belgium, Finland, France, Germany, Greece, Italy, Netherlands, Portugal, and Spain. S ince there have been three manat currencies issued. The most recent one was issued in The manta have similarities with euro as both are designed by the Austrian designer Robert Kalina.

T he earlier currency used in Cayman Islands was Jamaican dollar, which was replaced in On the islands, the US dollar is accepted as legal currency.

H istorically, the Swiss franc has been considered as a safe-haven currency with virtually zero inflation and a legal requirement that a minimum of 40 per cent be backed by gold reserved.

The currency saw a sudden appreciation in as investors sought safety when Greek-sovereign debt crisis occurred. It further appreciated when European crisis continued and US, too, was witness economic turmoil. At present, the bank has set a highest target for the currency and does not let it appreciate beyond that. T he dollar replaced at the legal currency of Bahamas in Prior to that, the currency was pound.

T he Bermudian dollar is not normally traded outside the country, and is pegged to the United States dollar at a one-to-one ratio. As it was part of British colony, the official currency for a long time was British pound. The currency was changed to dollar in T he currency is name in the honour of the Spanish explorer conquistador Vasco Nunez de Balboa.

The balboa replaced the Colombian peso in following the country's independence. The balboa has been tied to the United States dollar which is legal tender in Panama at an exchange rate of 1: T he convertible peso, also called as chavito, is one of two official currencies of Cuba.

The other one is the peso. Convertible peso has been in limited use since , when it was treated as equivalent to the US dollar.

Since , the US dollar ceased to be accepted in Cuban retail outlets leaving the convertible peso as the only currency in circulation in many Cuban businesses. ZaraBol - Trending Topics. NewsApp Free Read news as it happens Available on.

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Wikipedia Click NEXT to see the most expensive currencies in the world Dinar Value of 1 dinar against dollar: Click NEXT to read more…. Kuwaiti , Kuwait , Iraq. Gulf , Malta , Bahrainrsquo , Bahrain.

Rial Value of 1 rial against dollar: Muscat , Oman , Saidi , India , Maria Theresa Thaler.

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Lats Value of 1 lats against dollar: European Union , Latvia , USSR. Pound Value of 1 pound against dollar: Sterling is also the third most held reserve currency in global reserves about 4 per cent. Scotland , Wales , England , United States , United Kingdom. Christ Church Cathedral , Elizabeth II , Stanley , Government House , Falkland Islands. Gibraltar , Spanish , British.

Saint Helena, Ascension and Tristan da Cunha Currency: Tristan da Cunha , Helena , British , Ascension. Trans-Jordan Emirate , Wikipedia , Palestine Currency Board , Jordan. Countries in European Union Currency: Euro Value of 1 euro against dollar: The currency is the second largest reserve currency as also the second most traded in the world. The currency was introduced to world financial markets as an accounting currency in Germany , France , European Union , Greece , Portugal.

Manat Value of 1 manat against dollar: Azerbaijan , Robert Kalina. Dollar Value of 1 dollar against dollar: Cayman Islands , US. Franc Value of 1 franc against dollar: Switzerland , US , Switzerlandrsquo , Swiss. Bahamas dollar is is pegged to the US dollar one-to-one basis. United States , Bermuda.

Balboa Value of 1 balboa against dollar: Vasco Nunez de Balboa , Spanish , Panama , Colombian , Wikipedia. Convertible peso Value of 1 convertible peso against dollar: Whose face is on which currency?

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