What Is the Uruguayan Peso (UYU)? The Uruguayan Peso (UYU) is the national currency of Uruguay. It was first introduced in 1993, replacing Uruguay’s previous currency, the nuevo peso. It is denoted using the symbol “$”. The UYU’s banknotes are available in denominations of $20, $50, $100, $200, $500, $1000, and $2000. Its coins are
What is the Haitian Gourde (HTG)? The Haitian gourde is the national currency for the Republic of Haiti. The name, gourde, is French, though it is based on an old Spanish currency called gordos. The Haitian gourde subdivides into 100 centimes, and the symbol G represents the currency. The currency code is HTG, and the currency’s value floats against
What Is the Indonesian Rupiah (IDR)? The Indonesian rupiah (IDR) is the official currency of Indonesia, a Southeast Asian country made up of thousands of small islands. Indonesia was Dutch colony until 1942, when it gained it was invaded by Japan during World War II. After the war, Indonesia gained independence in 1945. The Rupiah
What Was the Irish Pound (IEP)? The term Irish pound (IEP) was the national currency of Ireland. Its foreign exchange currency symbol was IEP and was represented by the symbol £. It was managed by Ireland’s central bank. Banknote values ranged from £5 to £100. One pound was divided into 100 pence or p. Coins
What Are the International Currency Markets? The international currency market is a market in which participants from around the world buy and sell different currencies. Participants include banks, corporations, central banks, investment management firms, hedge funds, retail forex brokers, and investors. The international currency market is important because it helps to facilitate global transactions, including
What Is JPY (Japanese Yen)? JPY is the abbreviation for the Japanese yen, the currency of Japan. The yen is often represented with a symbol that looks like the capital letter Y with two horizontal dashes through the center: ¥. Key Takeaways The Japanese yen is the world’s third-most traded currency, behind the U.S. dollar
What Is the Kenyan Shilling (KES)? The Kenyan shilling (KES) is the official currency of the Republic of Kenya. It is used in Kenya, the Sudan, and Somalia. However, Sudan and Somalia have their own official currency, which is the Somali Shilling and the Sudanese Pound. The Kenyan 890p-‘ shilling is further divided into 100
What Is the KHR (Cambodian Riel)? KHR is the currency code for the riel, the official currency of Cambodia. Its symbol is ៛, and its sub-units are the sen, one-hundredth of a riel, and the kak, one-tenth of a riel. The riel circulated in Cambodia during two separate periods, from 1953 to 1975 and from
What Is the North Korean Won (KPW)? The term North Korean won (KPW) is the national currency of the Democratic People’s Republic of Korea or North Korea. The currency is abbreviated in the currency market as KPW and is represented by the symbol ₩. The won is issued and managed by the country’s central bank.
What Is the Korean Won (KRW)? The Korean won (KRW) is the national currency of South Korea. Its users denote the won by using the symbol “₩,” as in “₩1,000.” Since 1950, it has been administered by the nation’s central bank, the Bank of Korea. The won is fully convertible and is routinely traded against
