Currencies With the Same Name

Many of the world's countries use the same name for their currencies. For example, the dollar is the currency in the United States, Canada, Australia, and many other countries. However, these currencies do not have the same value, exchange rate, or appearance. They are not accepted in other countries. Common names are often a result of historical factors such as colonialism. This monetary situation differs from dollarization and currency unions such as the euro, in which the currency has the same value and is readily accepted in fellow members of the currency union.

Dollar

United States, Canada, Belize, Jamaica, Bahamas, Barbados, Trinidad and Tobago, Suriname, Guyana, Australia, New Zealand, Singapore, Brunei, Fiji, Solomon Islands, Liberia

Peso

Argentina, Chile, Colombia, Cuba, Dominican Republic, Mexico, Philippines, Uruguay

Pound

United Kingdom, Egypt, Lebanon, Sudan, Syria

Krone

Denmark, Norway

Krone

Iceland, Sweden

Ruble

Russia, Belarus

Franc

Switzerland and Liechtenstein (a currency union)

Many countries in Africa call their currency the franc. These countries are: Burundi, the Democratic Republic of the Congo, Comoros, Djibouti, Guinea, and Rwanda.

Shilling

Kenya, Uganda, Somalia, Tanzania

Rupee

India, Mauritius, Nepal, Pakistan, Seychelles, Sri Lanka

The words rupiah, the Indonesian currency, and rufiyah, the currency of the Maldives, are derived from "rupee."

Dinar

Algeria, Bahrain, Iraq, Jordan, Kuwait, Libya, Macedonia, Serbia, Tunisia

Riyal / Rial

Iran, Oman, Qatar, Saudi Arabia, Yemen

Dirham

Morocco, United Arab Emirates

Manat

Azerbaijan, Turkmenistan

Som

Kyrgyzstan, Uzbekistan

Won

North Korea, South Korea