GK
CURRENCIES OF THE WORLD
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rand
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Euro
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Dollar
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Deso
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Detailed explanation-1: -Euro banknotes and coins were introduced in Spain on 1 January 2002, after a transitional period of three years when the euro was the official currency but only existed as ‘book money’. The dual circulation period, when both the Spanish peseta and the euro had legal tender status, ended on 28 February 2002.
Detailed explanation-2: -The name “the euro” was chosen in 1995 by a European Council meeting in Madrid. The symbol € is based on the Greek letter epsilon (), with the first letter in the word “Europe” and with 2 parallel lines signifying stability. The ISO code for the euro is EUR.
Detailed explanation-3: -Currently, the euro (€) is the official currency of 20 out of 27 EU member countries which together constitute the Eurozone, officially called the euro area.
Detailed explanation-4: -The euro was introduced in Spain in 2002. Most of the countries from the European Union adopted this new currency to make it easier to travel between countries.