World Currency Questions and Answers

Answer: A

It is the euro.

Finland adopted the euro in 1999, the only Nordic country to do so, replacing the markka. Finland rounds cash payments to the nearest five cents and has never issued one- and two-cent coins for general circulation.

Answer: D

It is the euro.

Germany adopted the euro in 1999 and withdrew the Deutsche Mark from circulation in 2002. Mark notes and coins can still be exchanged at the Bundesbank without time limit, and billions of marks remain unredeemed.

Answer: C

It is the euro.

Greece adopted the euro in 2001, two years after the first wave, replacing the drachma - a name in use since antiquity and among the oldest currency names in the world.

Answer: C

It is the Hong Kong dollar.

The Hong Kong dollar is pegged to the US dollar in a band around 7.80 and is issued not by the central bank but by three commercial banks, each printing its own designs.

Answer: A

It is the Hungarian forint.

The forint was introduced in 1946 to end the worst hyperinflation ever recorded, in which prices doubled roughly every fifteen hours and a hundred quintillion pengo note was printed. It takes its name from Florence, where the florin was struck.

Answer: C

It is the Icelandic krona.

The krona collapsed in the banking crisis of 2008, when Iceland's three main banks failed with assets ten times the country's output. Capital controls remained in place until 2017.

Answer: A

It is the Danish krone.

Greenland is a self-governing part of the Kingdom of Denmark and uses the krone. Plans for a separate Greenlandic krone were abandoned in 2011.

Answer: B

It is the rupee.

The name comes from the Sanskrit rupya, wrought silver, and the coin was standardised by Sher Shah Suri in the sixteenth century. The rupee symbol adopted in 2010 combines the Devanagari ra with a Latin R and a double bar.

Answer: D

It is the Indonesian rupiah.

The rupiah takes its name from the same Sanskrit root as the rupee. It lost about 80 per cent of its value in the Asian financial crisis of 1997-98, which brought down Suharto's government.

Answer: A

It is the Iranian rial.

Prices in Iran are generally quoted in tomans, a unit of ten rials that has no legal existence but is universally used in shops. Parliament approved a change of the official unit to the toman in 2020.