Libya Currency- Libyan Dinar

The Libyan dinar is the official currency used in Libya. Denoted by LYD, one Libyan dinar can be divided into 1000 Libyan dirhams. During the time Libya was still a part of the Ottoman Empire, the country used the Ottoman Empire currency, piastres. When Italy started taking over, the lira was introduced. The introduction of the lira sparked the trend of using a different currency for different territories. At one point, the lira, Algerian franc and Egyptian pound were used nationwide. When Libya gained its independence in 1951, the Libyan pound was introduced. In 1971, the Central Bank of Libya introduced the nation's existing currency: the Libyan dinar. Today, the Bank supervises the banking system and regulates credit. In 1972, the Libyan Arab Foreign Bank was established to deal with matters pertaining to overseas investments

Albanian Currency

Albanian:-The national currency is the Lek, and notes are in denominations of Lk5000, 1000, 500, 200 and 100. Coins are in denominations of Lk50, 20, 10, 5, 2 and 1, and currency can be exchanged at bureaux de change and banks. US dollars and Euros are the preferred foreign currencies.

Afghanistan Currency

The unit of currency in Afghanistan is the afghani, which is divided into 100 puls. Since 1981 the official rate of exchange has been fixed at 50 afghanis equal U.S.$1. However, the actual market rate of the afghani has fluctuated, and in 1994 2400 afghanis equaled U.S.$1. Dramatic inflation (with rates of up to 57 percent), which has been taking place in Afghanistan since the Soviet invasion, contributed to the drastic decrease in the purchasing power of the afghani from 1981 to 1994.

Saudi Arabia Currency

Saudi Riyal:-The riyal has been the currency of Saudi Arabia since the country came in to being and was the currency of Hejaz before Saudi Arabia was created. The Hejaz riyal was initially equivalent to the Ottoman 20 qurush coin and was consequently divided into 20 qurush, each of 40 para.

Kuwaiti Currency-dinar

The Kuwaiti Dinar, denoted by KWD, is the official currency of Kuwait. The KWD, which is divided into 100 units, was introduced to Kuwait in 1960 as a replacement for the Indian Rupee. The currency has maintained a very high exchange rate, making it one of the highest valued currencies in the world. Sovereign credit ratings play an important part in determining a country's access to international capital markets, and the terms of that access. Sovereign ratings help to foster dramatic growth, stability, and efficiency of international and domestic markets

Japan Currency-Yen

The yen is the official national currency of Japan, and is denoted by JPY. The Meiji government introduced the yen to replace the previous complex system of the Edo Period, where there was no fixed exchange rate between the various coins used. The New Currency Act of 1871 established the yen as the official unit of currency and moved Japan onto the Gold Standard. It was named the "yen" because of the direct translation to "round object." In April of 1949, the yen was pegged at 1 USD = ¥360, where it stayed until 1971. At this time, however, the Bretton Woods system collapsed. This international monetary system, based on stable and adjustable exchange rates, was reluctantly switched to a regime of floating exchange rates and the value of the yen started to float as it still does today.

Mexico Currency-Peso

The Mexican peso, MXN, was originally based on the silver dollar of Imperial Spain. It was originally minted from pure silver and was the first currency to use a distinct border and exact weight to protect from counterfeits, making it very popular. On July 6, 1785 the peso became the official currency system for all of North America, including the United States. When the U.S. dollar was introduced on April 2, 1792, it was based on the peso with the exchange rate of 1 dollar to 1 peso. The peso continued to be officially accepted in the U.S. until 1857, and in Canada until 1858. The peso was a very stable currency experiencing very little inflation until the 1970s when Mexico experienced an oil crisis and was forced to default on its external debt in 1982. Several years of inflation and devaluation followed until 1993 when Mexico issued the Nuevo peso to replace the former peso. In 1993 the "Nuevo" was dropped from both the name and the notes and the peso is again the currency used in Mexico.