Money Around the World
Each country around the world has its own currency. Each country decides on its own unit of money.
In Europe, there are many countries that share a common currency. Because some European countries are small and people travel easily between countries, many European countries got together and agreed to share one currency called the euro. They did this because exchanging money was a daily event for so many people. The new euro comes in both coins and paper money. The coins are made in eight denominations: 1, 2, 5, 10, 20, and 50 euro cents, plus 1 euro and 2 euros. Banknotes (called euro bills) come in seven denominations. Euro banknotes look the same in all the countries. But euro coins have different designs on the backs, depending on which country made it. Some European countries did not adopt the euro. Great Britain, Sweden, and Denmark like having their own national currencies and plan to keep using them.
Commerce, or business, between countries is called foreign trade. Commerce can be the trading of goods for money or goods for goods. This has been going on for hundreds of years.
Books and Magazines
Cooper, Jason. Around the World with Money. Vero Beach: Rourke Publishing, 2003.
Price, Sean. Kids Discover Money. July, 2003: pp. 1-19.
Images of bills, loon, Mexico, and treasure chest from "Microsoft Office Online" <http://office.microsoft.com/clipart/default.aspx?cag=1> Images free for non-profit and personal use. (October-February,2003 -2004).
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