This includes fractional units that have no physical form but are recognized by the issuing state, such as the United States mill, the Egyptian millieme, and the Japanese rin.
For the purposes of this list, only currencies that are legal tender, including those used in actual commerce or issued for commemorative purposes, are considered "circulating currencies". States generally have a monopoly on the issuing of currency, although some states share currencies with other states. Currency includes paper, cotton, or polymer banknotes and metal coins. Dependencies and unrecognized states are listed here only if another currency is used on their territory that is different from the one of the state that administers them or has jurisdiction over them.Ī currency is a kind of money and medium of exchange.
However, excluding the pegged (fixed exchange rate) currencies, there are only 130 currencies that are independent or pegged to a currency basket. There are 180 currencies recognized as legal tender in United Nations (UN) member states, UN General Assembly non-member observer states, partially recognized or unrecognized states, and their dependencies. Some currencies, such as the Artsakh dram, are not used in day-to-day commerce, but are legal tender.
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