1, the US dollar is the legal tender of the United States of America, El Salvador, Panama, Ecuador, East Timor, Marshall Islands, Micronesia (Federated States of), Kiribati and Palau. Dollar banknotes in circulation are all versions of banknotes issued since 1929.
The competent department for issuing US dollars is Congress, and the Federal Reserve Bank is responsible for the specific issuance business. After World War II, continental European countries reached an agreement with the United States to use US dollars for international payments. Since then, the dollar has been widely used as a reserve currency in countries outside the United States, and eventually became an international currency.
2. Euro is the currency of EU 19 countries. The 19 members of the euro are Germany, France, Italy, the Netherlands, Belgium, Luxembourg, Ireland, Spain, Portugal, Austria, Finland, Lithuania, Latvia, Estonia, Slovakia, Slovenia, Greece, Malta and Cyprus? .
1999 65438+ 10 1 EU countries that implement the euro implement a unified monetary policy. In July 2002, the euro became the legal tender in the euro zone, which was managed by the European Central Bank and the central banks in the euro zone. In addition, the euro is the currency of six non-EU countries (regions).
3. The pound is the name of the national currency and monetary unit in Britain. Sterling is mainly issued by the Bank of England, but there are also other issuers. The most commonly used symbol for the pound is. The currency code of ISO 42 17 adopted by the International Organization for Standardization is the pound. In addition to Britain, the currencies of British overseas territories are also denominated in British pounds, and the exchange rate with British pounds is fixed at 1: 1.
As Britain is the earliest industrialized country in the world and once dominated the international financial industry, the pound was once the most widely used currency in international settlement business.
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Renminbi (RMB)
On October 30th, 2065438+081kloc-0/0, the Philippine RMB Dealers Association was formally signed and established in Manila, the capital, which indicated that RMB and Philippine peso would be directly exchanged. Philippine Association of RMB Dealers is the first self-regulatory financial organization outside China to conduct RMB-to-local currency transactions.
Under the guidance and supervision of the Central Bank of the Philippines, the association will build a direct trading market between RMB and Philippine peso, realize the direct exchange between RMB and peso, and end the history that foreign exchange transactions in the Philippines must be transited through US dollars. This is a solid step for RMB internationalization in the Philippines. ?
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