Viva Kids World When in Rome, pay as the Romans do
Level of knowledge: master
Level of knowledge: professional
In Switzerland, the Swiss franc is the valid currency, and it has been for over 160 years. The coins still look almost exactly the same as they did back then.
In the United States, they pay with US dollars. The US dollar is one of the most important currencies in the world and is accepted in many countries.
The British pound is the currency in the United Kingdom and the oldest currency in the world. Like the US dollar, the pound is one of the world's most important currencies.
People in Japan pay with the yen. One hundred yen are approximately one Swiss franc. The yen is also one of the most important currencies in the world.
The euro is currently valid in 19 European countries and one of the most important currencies in the world. The back of each coin is designed by each country itself.
The currency presently used in Russia is the ruble. "Ruble" comes from the Russian verb for "chop" or "hack" because the coins used to be broken off of large blocks.
The renminbi is the name of the money in China. In English, the name means "people's currency." However, the individual bills and coins are not called renminbi but yuan.
In Sweden, people pay using Swedish krona. The money used in Denmark and the Czech Republic is also called the crown, but they are all different currencies.
Money around the world
The most important currency in the world
The US dollar, followed by the euro, yen, and the British pound, is the most important currency in the word, and it is very well known. It is also used as money in movies quite often. Have you ever seen the US dollar anywhere?
One US dollar is worth about as much as one Swiss franc. The Swiss franc is broken down into coins called rappen or centimes. The coins that make up a US dollar are called cents. For example, something you buy could have a price of 2 dollars and 50 cents.
Other countries also have currencies called the dollar. For example, the Australian dollar in Australia and the Canadian dollar in Canada. The currencies used in New Zealand, Hong Kong, Namibia, and Singapore are also named the "dollar." But that doesn't mean that every dollar is valid everywhere. Each country has its own dollar.
Level of knowledge: expert
Contest: What does your currency look like?
Take part in our big drawing contest: Invent your own currency, and draw your bills and coins. With a little luck, you could win one of three boxes of colored pencils from Caran-d’Ache and a KILUDO hobby travel set that you can use to make everything in the Viva Kids magazine.
If you need help, just ask your parents. Please also ask them for permission to enter the contest.
What currency experts know
1. There are many different currencies used around the world. A currency is the money used by people in a particular country.
2. The world's most important currencies are the dollar, the euro, the yen, and the British pound.
3. When you exchange one currency for another, the amount you receive for your money depends on the exchange rate.
The money lent outHurray! The Viva Kids gang's tree house is finally finished. It seemed to take forever, and it was really expensive. Where in the world do people get the money to buy a real house?
About notes and coinsNo one needs Laura's stickers. So nobody wants to swap with her. What was it like back when people only used bartering? Is that why they invented money?
The fake bank robbersSophie discovers two big, scary men at the automated teller machine on the other side of the road. Surely they don't want to rob the ATM?
Laura's travel diary
Laura loves foreign countries. She could sit in front of her globe looking at the world for hours. Her favorite country is Haiti – it's such a pretty name. Laura has learned that their currency is called the gourde.
Laura has already managed to collect coins from ten different countries. Laura then draws all the coins in her travel diary. Even though she has not yet visited every country, once she does go there, she will know immediately what currency they use. While flipping through her travel diary today, Laura asked herself: "Can people also be happy when they don't have a lot of money?"
Yes, your own currency!
How about your own currency, one that is valid only between you and your friends or maybe at home for your family? Create your own currency, and use it to buy and sell things amongst your family and friends – your morning snack or help with your chores, for instance. What would you like to call your currency?