Czech Koruna (CZK) is the official currency of the Czech Republic. The word “koruna” translates to “crown” in English. The currency is abbreviated as CZK, and its symbol is Kč. The Czech Koruna was introduced in 1993 after the dissolution of Czechoslovakia, when the Czech Republic became an independent country. It replaced the Czechoslovak […]
Cyprus Pounds (CYP) was the official currency of the Republic of Cyprus before it adopted the Euro (EUR) in 2008. The Cyprus Pound was first introduced in 1879 and remained in circulation until the country joined the Eurozone. The Cyprus Pound was subdivided into 100 cents and had various denominations, including banknotes and coins. […]
A Currency Swap is a financial contract between two parties that involves the exchange of principal and interest payments in different currencies. It is a type of derivative instrument commonly used by corporations, financial institutions, and governments to manage their exposure to foreign exchange rate fluctuations and obtain financing in different currencies. In a […]
A Currency Code is a standardized three-letter code that is used to represent each currency in the world. These codes are based on international currency standards and are typically derived from the ISO 4217 standard. ISO 4217 is a globally recognized standard that defines the codes for currencies used worldwide. The Currency Code serves […]
Currencies, also known as foreign exchange or forex, refer to the money or medium of exchange used in different countries. Each country has its own currency, which is used for buying and selling goods and services within its borders. Currencies play a crucial role in international trade, finance, and investment. Currencies are represented by […]
Cuban Pesos (CUP), also known as the Cuban National Peso, is the official currency of Cuba. It is one of the two currencies used in the country, the other being the Cuban Convertible Peso (CUC). CUP is primarily used by the local population for everyday transactions, such as buying groceries, paying utility bills, and […]
Croatian Kuna (HRK) is the official currency of Croatia. It was introduced in 1994 after the dissolution of the Yugoslav Socialist Federal Republic, as Croatia’s independent currency. The name “Kuna” is derived from a historical currency used in Croatia. The Croatian Kuna is divided into 100 lipa. Lipa is the subunit of the currency, […]
The CFA Franc is a currency used in several countries in West and Central Africa. It stands for the Central African CFA Franc (XAF) and the West African CFA Franc (XOF). These two currencies are independent but have the same exchange rate and are both pegged to the Euro. Central African CFA Franc (XAF): […]
The Costa Rican Colon (CRC) is the official currency of Costa Rica. It has been the country’s currency since 1896, when it was introduced by the Costa Rican Central Bank. The currency is named after Christopher Columbus, who is known as Cristobal Colon in Spanish. The Costa Rican Colon is subdivided into 100 centimos, […]
The Congolese Franc (CDF) is the official currency of the Democratic Republic of the Congo. It replaced the previous currency, the New Zaire, in 1997. The CDF is the sole legal tender in the country. The CDF is denoted by the international currency code. It is divided into 1,000 centimes, although in everyday usage, […]