How many types of rupees are there in the world?

Today, there are coins of 1, 2 and 5 rupees and of 10, 25 and 50 paises in circulation. With regard to banknotes, there are 5, 10, 20, 50, 100, 500 and 1,000 rupees.

How many countries have rupee as their currency?

Rupee is the common name for the currencies of India, Indonesia, the Maldives, Mauritius, Nepal, Pakistan, Seychelles, and Sri Lanka, and of former currencies of Afghanistan, Bahrain, Kuwait, Oman, and the UAE (as the Gulf rupee), British East Africa, Burma, German East Africa, and Tibet.

How many types of money are there in the world?

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.

Which rupee is highest in world?

Kuwaiti Dinar, Highest Currency in the World

KWD has the highest currency in the world against Indian rupee as 1 Kuwaiti Dinar is equal to 242.67 INR.

Is Japan expensive than India?

Japan is 198% more expensive than India.

What are 2 types of money?

There are three* types of money in the economy. As members of the public, we only have access to two of them – physical money and commercial bank money.

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What are 4 types of money?

Economists identify four main types of money – commodity, fiat, fiduciary, and commercial. All are very different but have similar functions.

What are the 7 characteristics of money?

The characteristics of money are durability, portability, divisibility, uniformity, limited supply, and acceptability.

What is the safest currency?

Norway And Singapore

The Norwegian krone has been known as a safe currency, thanks in large part to Norway having no net debt. The Norwegian krone is also a standalone currency which means it’s not tied to another country’s failures.

What is the world’s strongest currency?

The worlds strongest currency is the Kuwaiti Dinar. It is the highest valued currency against the United States Dollar. Located on the tip of the Persian Gulf, between Iraq and Saudi Arabia, Kuwait’s wealth can be attributed to its heavy exports of oil to a global market.

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