Grade 2 Lesson 2: Currency
Currency is the official #money of a country. Typically, it consists of #papermoney and #coins. Each country has its own form of currency, which is overseen by the #centralbank of that country. Below is a list of the most common #currencies and the countries that use them. Note that sometimes countries use the same name for their currencies as other countries. Other times, the name of one country’s currency is unique.
#Dinar -- The dinar is the form of currency that is used in a number of #MiddleEastern countries. The term dinar dates from ancient #Rome, when it was known as #denarius. The dinar is used in #Tunisia, #Serbia, #Algeria, #Kuwait, #Libya, #Jordan, and #Iraq.
#Dollar -- The dollar is a currency that is used in many countries. Dollar comes from the word #thaler. In 1792 the new country of the #UnitedStates declared the dollar its monetary unit. #Canada adopted the dollar in 1858, #Australia in 1966, and #NewZealand in 1967. Today, many other countries use the dollar as their currency, including #Fiji, #Samoa, #ElSalvador, #Ecuador, and #Jamaica.
#Euro -- The euro is the official currency of the #EuropeanUnion (#EU). As of 2015, the EU was made up of 28 European countries. Most of these countries adopted the euro as their form of currency once they became members of the EU.
#Peso -- The peso is the currency of the #Philippines and several #LatinAmerican countries. The peso was introduced into #Spain by the Spanish monarchs Ferdinand and Isabella, who reformed the Spanish currency system in 1497. The peso was then used throughout Spain and its colonies. When the Spanish colonies in the Americas gained independence, most of them kept the peso as their currency. #Argentina, #Chile, #Cuba, #Colombia, #Mexico, and #Uruguay use the peso.
#Rupee -- The rupee is the monetary unit that is used in #India and #Pakistan. Its name comes from the #Sanskrit rupya (“silver”). The rupee was established by rulers of the #Mughal #dynasty in the late 1500s. The rupee is also the name of the currency used in #Mauritius, #Nepal, and #Seychelles.
#finance #financialliteracy #kids #education