What money do you use depends on where are you living or planning to travel.
So one should know how many countries are in the world and should have clear
idea about the currencies of those countries. Totally, there are 164 official
national currencies circulating around the world. Although the number of the
independent countries is 197 plus about five dozen of dependent territories.
The matter is, that some of them don't have their own money and officially use
the foreign currency.
(To know How many countries are in the world…)
Thus the European euro is used in 35 independent states and overseas
territories, the United States dollar is used in 10 foreign countries and in
the USA, the West African CFA franc - in 8 and the Central African CFA franc -
in 6 African states, the East Caribbean dollar - in 6 Caribbean nations.
(To know How many countries are in the world…)
The world's most-traded currency is the US dollar with about 47% share of
global payments and 87% of the forex market's daily turnover. On the second
place is the Euro, having about 33% of the daily forex transactions and 28%
share of the international bank payments.
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