10 Most Beautiful Currencies of the World - Rediff

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10 most beautiful currencies of the worldLast updated on: January 22, 2013 09:16 IST

For some time, we have been hearing that the ReserveBank of India will replace paper currency with polymernotes.Explaining the rationale behind the possible introduction ofpolymer notes, RBI has said that these notes would havean average life span of five years compared to one year for

paper currency notes.Soiled notes, therefore, would become history, oncepolymer notes are in vogue.

And even though the initial cost of printing polymer notes ishigh, in the long run it works out cheaper.

Click NEXT to read on. . .


In pre-modern China, the need for credit and for circulating

a medium that was less of a burden than exchangingthousands of copper coins led to the introduction of paper

money, commonly known today as banknotes.This economic phenomenon was a slow and gradual

process that took place from the late Tang Dynasty(618-907) into the Song Dynasty (960-1279).

In Europe, paper money was first introduced on a regularbasis in Sweden in 1661.In this slide show, we present a brief history of the currencyof India as well as 10 most beautiful currencies of theworld.It should be mentioned here that the choice of beautiful

currencies is purely subjective.Click NEXT to read on. . .


India has been one of the earliest issuers of coins in the world.

Few countries rival India for the sheer diversity of its coinage be it minting techniques, motifs, sizes, shapes, the metals used or forthat matter the monetary history arising from the Monetary Standards India has experienced (tri-metallism, bi-metallism, the silverstandard, the gold exchange standard as well as fiat money).

In history, Indian coins have played a crucial role in documenting political and economic changes over time.Click NEXT to read on. . .

ost beautiful currencies of the world - Rediff.com http://www.rediff.com/business/slide-show/slide-show-1-10-most

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1. The French Pacific Territories (Franc)

The CFP franc (called the franc in everyday use) is the

currency used in the French overseas collectivities ofFrench Polynesia, New Caledonia and Wallis and Futuna.The Franc was created in December 1945, together with

the CFA franc, used in Africa.The reason for the creation of these francs was theweakness of the French franc immediately after the SecondWorld War.Click NEXT to read further. . .


2. The Maldives (Rufiyaa)

The name 'rufiyaa' is derived from the Hindi word rupiyaa.

The most commonly used symbols for the rufiyaa are MRF

and Rf.The ISO 4217 code for Maldivian rufiyaa is MVR.

The ru fiyaa is subdivided into 100 laari.Click NEXT to read further. . .


3. Sao Tome & Principe (Dobras)

The dobra is the currency of Sao Tome and Principe.It is abbreviated Db and is divided into 100 centimos.


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The dobra was introduced in 1977, replacing the escudo atpar.

Click NEXT to read further. . .


4. Switzerland (Francs)

The franc is the currency and legal tender of Switzerland

and Liechtenstein; it is also legal tender in the Italianexclave Campione d'Italia.

The Swiss National Bank issues banknotes and the federalSwissmint issues coins.Click NEXT to read on. . .


5. Comoros (Comorian Franc)

The franc is the official currency of Comoros.It is nominally subdivided into 100 centimes.Before 1798, about 75 entities were making coins in

Switzerland, including the 25 cantons and half-cantons, 16cities, and abbeys, resulting in about 860 different coins incirculation, with different values, denominations andmonetary systems.Click NEXT to read further. . .


6. New Zealand (New Zealand Dollars)

Sir Edmund Hillary, on this New Zealand $5, ranks as most rugged outdoorsman on world money, with his weather-crinkled eyes,

windblown hair, and open-throated shirt.Click NEXT to read further. . .


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7. Cook Islands (Cook Island Dollars)

This woman seems tranquil and happy, probably because

she is riding a giant shark.

The dollar is the currency of the Cook Islands.The dollar is subdivided into 100 cents, although some 50cent coins carry the denomination as '50 tene'.Click NEXT to read further. . .


8. Hong Kong dollars

The Hong Kong dollar is the eighth most traded currencyin the world.In English, it is normally abbreviated with the dollar sign $,or alternatively HK$.

The Hong Kong dollar is subdivided into 100 cents.Click NEXT to read further. . .


9. Iceland (Kronurs)

The krona is technically subdivided into 100 aurar (singular eyrir), but in practice this subdivision is no longer used.

The Danish krone was introduced to Iceland in 1874, replacing the earlier Danish currency, the rigsdaler.In 1885, Iceland began issuing its own banknotes.Click NEXT to read further. . .


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10. Faroe Islands (Kronurs)

The krona is the currency of the Faroe Islands.

It is issued by the Danish National Bank. It is not anindependent currency but a version of the Danish krone.

Therefore, it does not have an ISO 4217 currency code.


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10 Most Beautiful Currencies of the World - Rediff