Currencies and Exchange Rates

Myanmar's currency is the Kyat (MMK). Option C is correct. US Dollar is the American currency, Baht is Thailand's currency, and Kina is Papua New Guinea's currency.

Maldives' currency is the Rufiyaa (MVR). Option B is correct. Euro is used in Europe, Tugrik is Mongolia's currency, and Pataca is Macau's currency.

Japan's official currency is the Yen (¥), one of the most traded currencies in the global foreign exchange market. The Yen has been Japan's currency since 1871 and is issued by the Bank of Japan. Options A, B, and D are currencies from other regions (Eurozone, Jamaica, and Latvia respectively).

Indonesia's official currency is the Rupiah (IDR), issued and regulated by Bank Indonesia. The Rupiah has been Indonesia's currency since independence, though it was revalued several times due to hyperinflation. Options A, C, and D are currencies from India, the Eurozone, and Israel respectively.

The Cook Islands uses the New Zealand Dollar (NZD) as its official currency due to its free association with New Zealand. While the Cook Islands has its own coins that are distinctively designed, they are pegged to and circulate alongside New Zealand currency. The US Dollar, East Caribbean Dollar, and Fiji Dollar are used in different Pacific regions.

The guinea was officially introduced as a unit of currency in 1797 in Great Britain, though it had been used unofficially since 1663. Named after the West African region where gold was sourced, it was worth 21 shillings and was used in luxury transactions and professional fees. The shilling and crown were much older, and the one pound note came later. The guinea remained in use until 1817.

Hungary's currency is the Forint (HUF). Won is South Korean currency, kuna was Croatian currency (now replaced by euro), and koruna is used in Czech Republic and Slovakia. The Forint has been Hungary's currency since 1946.

SDR (Special Drawing Rights) is not a physical currency but exists only as a bookkeeping entry on IMF member countries' records. It was created in 1969 to supplement global reserve assets. Options A (Paper Currency), B (Gold), and C (Silver and Gold) are all incorrect as SDR has no physical form.

Singapore's official currency is the Singapore Dollar (SGD), abbreviated as S$. The currency is divided into 100 cents, but you would pay in dollars, not cents. 'Rupiah' is Indonesia's currency, and 'Rupee' is used by India and other countries.

Portugal is a member of the Eurozone and adopted the Euro as its official currency in 1999 (physical coins/notes in 2002), replacing the Portuguese Escudo. Thus, the statement is true.

The Kuna was the currency of Croatia (until 2023), not Turkey. Turkey uses the Turkish Lira. Therefore, the statement 'Kuna is currency of Turkey' is false, making 'False' the correct answer.

The Polish Złoty is the official currency and legal tender of Poland. It has been the currency of Poland for centuries in various forms, with the modern 'new' złoty introduced in 1995 following hyperinflation.

The Romanian leu (plural: lei) is indeed the official currency of Romania. It has been Romania's currency since 1867, except during the communist era when it was replaced. The statement is factually correct.

Malta adopted the Euro in 2008, replacing the Maltese lira. The lev is the currency of Bulgaria (BGN), not Malta. Therefore, the statement 'Lev is currency of Malta' is false.

The Hungarian forint (HUF) is Hungary's currency, not Macedonia's. Macedonia uses the Macedonian denar (MKD) as its official currency since 1993. Therefore, the statement is false.