General Awareness · Banking Financial Awareness
Currencies and Exchange Rates
1,506 Questions
Knowledge of global currencies and exchange rates is vital for general awareness sections in banking and civil service exams. Topics include identifying the official currencies of various countries and understanding digital currency types. Use this collection to quickly memorize international currency symbols.
Country currency identificationDigital currency typesCurrency exchange tipsGlobal currency symbols
Currencies and Exchange Rates Questions
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Dram
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Peso
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Dinar
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Boliviano
C
Correct answer
Explanation
Algeria's currency is the Dinar (specifically the Algerian Dinar, code: DZD). The Dinar is used by several Arab countries, and Algeria has been using it since 1964. The other options belong to different countries: Dram (Armenia), Peso (various Latin American nations), and Boliviano (Bolivia).
A
Correct answer
Explanation
Eritrea's currency is the Nakfa (code: ERN), introduced in 1997 and named after the town of Nakfa where Eritreian fighters held out during the war of independence. The other options: Peso (multiple countries), Manat (Azerbaijan, Turkmenistan), Riel (Cambodia).
A
Correct answer
Explanation
Bulgaria's currency is the Lev (plural: Leva), divided into 100 stotinki. Despite being an EU member since 2007, Bulgaria maintains its own currency and has not adopted the Euro yet.
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Guaraní
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Peso
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Dalasi
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Naira
C
Correct answer
Explanation
Gambia uses the Dalasi (GMD), its official currency since 1971 when it replaced the Gambian pound. The Guaraní is Paraguayan, Peso is used by multiple Latin American countries, and Naira is Nigerian.
D
Correct answer
Explanation
Hungary's currency is the Forint (HUF), introduced in 1946 to address hyperinflation. Hungary is an EU member but has not adopted the Euro, maintaining its own currency.
C
Correct answer
Explanation
Monaco uses the Euro (EUR) despite not being an EU member, through a special monetary agreement with France and the EU. Option B 'Frank' is misspelled - the correct spelling is 'Franc' (Swiss/French currency).
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Dollar
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Dirham
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Euro
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Hryvna
B
Correct answer
Explanation
Morocco's currency is the Dirham (MAD), divided into 100 santimat. Several countries use Dirham - Morocco and the UAE (though they're different currencies with the same name).
C
Correct answer
Explanation
Papua New Guinea's currency is the Kina (PGK), subdivided into 100 toea since independence in 1975. The country also occasionally uses Australian dollars in border areas.
C
Correct answer
Explanation
The ISO 4217 currency code for Chilean Peso is CLP, combining Chile's country code (CL) with P for Peso. This standardized code is used in international financial systems and transactions.
B
Correct answer
Explanation
The ISO 4217 currency code for Chinese Yuan Renminbi is CNY, with CN representing China and Y for Yuan. This is the internationally recognized code used in forex markets and banking systems worldwide.
D
Correct answer
Explanation
The ISO 4217 currency code for Cuban Peso is CUP, combining CU for Cuba with P for Peso. This code facilitates international financial transactions and distinguishes it from other peso-denominated currencies.
A
Correct answer
Explanation
The ISO 4217 currency code for East Caribbean Dollar is XCD, where XC represents the East Caribbean region and D stands for Dollar. This currency is used by multiple Caribbean nations as part of a currency union.
C
Correct answer
Explanation
The ISO 4217 currency code for Uruguayan Peso is UYU, with UY representing Uruguay and the second U serving as the distinguishing letter. This standardized code is used in international banking and currency exchange markets.
A
Correct answer
Explanation
GBP is the standard ISO 4217 currency code for British Pound Sterling, used in international financial transactions and foreign exchange markets. The other options (UKP, POU, GBS) are not valid ISO currency codes and are not used in global finance.
B
Correct answer
Explanation
ZWD is the ISO 4217 code for Zimbabwe Dollar (though Zimbabwe has since abandoned its currency). ZIM is the country code, not the currency code, while ZID and DOL are not valid ISO currency identifiers.