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World's Best Currency

By: bluedevil2k

Created:2-17-2008

List Contest: Staff not Eligible

With everyone from Jay-Z to Giselle blowing off the dollar recently, maybe it's time we start to look around at some other possible world currencies we could use. There are over 100 different currencies in the world, and each of them differs in how they are designed, how they look, their materials, their anti-counterfeiting measures, their history, and of course their value. But, the important question, would any of them make a suitable replacement for our US dollar?

It's no secret that the US dollar is on a deep decline in value world-wide. Anyone who's traveled to Europe lately knows how expensive everything has gotten (an $8 pint in Britain?!). With every bad comes a good though, and through traveling abroad has become difficult for Americans, it has become very cheap for foreigners, who are bringing their money to spend on US shores (or more accurately, Disney World). Additionally, US made goods are cheaper to export, increasing business for exporters. As every economist says, everything must come to an equilibrium, and economies are self-correcting, so its rational to believe that the US dollar slide will stop at some point.

Until that time comes though, let's take a look at some of the other world currencies, and what they have to offer. Every currency has a unique story all its own, and it's quite interesting to see the history involved in each, and how they have come to define their nation as a whole .

Here are the world's best currencies...

8 - Australia - Dollars

Australia was the first country in the world to use plastic instead of paper in 1988. Now, every note they issue is printed on a polymer plastic, instead of paper or cotton. The Australian dollar was introduced in 1966 to replace the Australian pound.

Symbol: AUD

Current exchange rate: $1 = 1.0996 AUD

7 - Hong Kong - Dollars

Although Hong Kong was ceded from the British to China in 1997, it has maintained its own form of currency, and has a pegged conversion rate to the Yuan and the US Dollar. In fact, the Hong Kong Central Bank requires all member banks to maintain US dollar reserves for every Hong Kong dollar they print for circulation.

Symbol: HK$

Current Exchange Rate: $1 = 7.75 HK$

6 - Japan - Yen

The orange stamp on the lower left of each bill will glow a fluorescent orange under UV light, and contains the words "Governor of the Bank of Japan" in ancient Japanese calligraphy.

Symbol: ¥

Current Exchange Rate: $1 = 106.57¥

5 - Turkey - Lira

Turkish bills contain images of the 1st President and founder of modern Turkey, Mustafa Kemal Ataturk. He was given the name "Ataturk", which translates as "father of the Turks" in 1934.

Symbol: TL

Current Exchange Rate: $1 = 1.14TL

4 - Brazil - Reais

Brazil's currency was established in 1944, and have not changed since their initial design, except for a redesigned 10 Real note issued for the bicentennial in 2000. The colonial currency was also named the Real and was in circulation from 1690 to 1942. All faces of the Real contain the same picture, a bust depicting the Republic's effigy.

Symbol: R$

Current exchange rate: $1 = R$ 1.749

3 - India - Rupees

India's currency contains 17 languages that are commonly spoken in India, English and Hindi on the front, and 15 languages on the back. An image of Mahatma Gandhi is on the front of each denomination of the currency.

Symbol: Rs

Current Exchange Rate: $1 = 37.8Rs

2 - EU - Euros

The original idea for the name of the currency for the European Union was "ecu", but Germany was concerned that it sounded too much like the German word for "cow" (kuh), and was subsequently changed to "euro". The symbol for the Euro, €, was chosen by popular vote, partly due to its "backwards compatibility". Typists could type the symbol by typing a capital "C", backspace, and then an "=" sign.

Symbol: €

Current exchange rate: $1 = 0.6809€

1 - Great Britain - Pounds

The front of every pound contains a picture of Queen Elizabeth, and each denomination contains the same picture. The reverse of the bills contain famous British throughout history, often focusing on the arts. Britain used a unique "3 unit" currency plan until 1971, when they switched to a 2 unit decimal-based currency plan. This is the source of the common terms "pound, shilling, and penny".

Symbol: £

Current exchange rate: $1 = 0.5099£