Countries Of The World

List Of Currencies In Oceania and Australia Continents Countries: Man has progressed from barter system years ago.  It was an effective way of trading goods and services in the ancient times.  Imagine though how it would have been if you had to still depend on the barter system to trade for goods and services.  No currency, just bartering.  Your purse would have been real heavy.  In fact, the purses that we have currently would not suffice to store the cows, sacks of flour, salt, or whatever it is that the world used for bartering.  Thankfully, we do have currencies now which means services and goods are more easy to purchase.  They can be considered as legal tender. Currencies are currently available in the form or paper and coins in the hard cash.  They cannot be printed or minted by anyone.  The central bank is authorized to do so and if anyone else tries to, it is called counterfeit and can lead to one getting arrested by the pol...

List Of Countries In Australia Continent : Australia and Oceania form the smallest of continents.  Here is a location description of same.  It is surrounded by the Indian Ocean, Pacific Ocean, and the Southern Oceans.  The land mass consistes of the mainland of Australia, New Zealand, New Guinea (eastern half of it), Tasmania, and thousands of tropical islands of Micronesia, Melanesia, and Polynesia all in the south of Pacific Ocean.  The number of countries here are 14 with 12 dependent territories which are overseas.  The largest country is Australia. 86 percent of the continent’s area is with Australia, one reason that the continent has Australia as part of its name.  Nauru is the smallest independent country.  It is so small that you need only an hour to drive around the country. As always, it is interesting to learn about some of the lesser know countries and let us start with Kiribati.  It is an island nation.  There are 33 at...

The List Of Countries In The World Alphabetical Order: What can be defined as a country in official parlance?  A country should be a nation which has self governance with its own authorities plus it needs to be recognized by its sovereignty by the international community, basically the UN.  With these criterion in place we have 197 countries in the world.  Of these 193 are fully recognized by the United Nations.  Other four countries included are  2 as permanent observers and 2 which are recognized partially by other representative countries.   Now you may wonder who are the ones who are not recognized.  That is a totally different set of information and would not be discussed in this article, but would be an interesting read at some other time.  Just so that your interest is piqued, there is a long standing dispute on the sovereignty of Tibet by China and the Tibetans which has been going on for some time and the leader of the Tibetan people...

Time Zones Of USA: It is fun to find out about time zones.  But first, more on what is understood by a time zone.  A particular time is assigned to a section of the world due to its position such that commercial, legal as well as sociological functions are smooth and not led to confusions due to different time kept. The time zone can be determined by different state borders, geographic areas, climatic area, or just by the longitude of the place.  It does not look like a straight line as would be the case with regard to the longitudinal lines as consideration is given to the functionality of a time zone for a region before it is determined.  Hence you may not see too many time zones traversing a local area.  That would mean that you wake up in one time zone and after a 10 mt drive start working in another time zone. Nevertheless, for some bigger countries, it is essential to have a different time zone. Take for example the USA.  They have 9 standard ...

List Of Currencies In South America Continent Countries: There used to be barter system in the world.  You exchanged goods for goods or goods for services. Although effective this would have been cumbersome. As days progressed, man progressed to currencies as legal tender.  They were in the form of paper or minted from metals into coins.  Nations print or mint currencies as per their requirements.  There will be fractional forms of the currencies used as well in the coins and paper notes used.  When currencies are minted or printed nations always run the risk of counterfeiters doing the same.  There have been cases where nations who have turned foes or terrorist groups have funded counterfeiting of a country’s currencies in order to run havoc with its economy and thus bring it to its knees.  Therefore, lots of security measures are put into place so that the counterfeit note can be recognized.  The central banks of countries usually circul...

Richest Countries Of The World: If you are not good with numbers, this topic is going to fall flat while you read.  We are talking about the world’s richest countries and there are some mathematical ways to determine which is the richest.  Let us look at the methods first and then go into the different countries in that order.  The most common method used is to look at the GDP of the country.  In simple terms, you find out how much the country is able to produce with regards to goods and services giving it a value and then divide it by the total population of the country.  This would give you a very good indication as to the money with each person on an average in the country. The problem with this method is that you may get the numbers, but you don’t take into account the living conditions for which the GDP is taken and the cost of living there.  So we go into a little more complex process where we look at the GDP in conjunction with the Purchasi...

The European Currencies List: Currencies are used as legal tender.  This is a far cry from how it was years back when human beings resorted to barter system for transactions. Currencies can be in the form of paper notes as well as coins.  Government approve a certain form as the country’s currency and prints or mints it.  To avoid counterfeit a lot of security features are added in.  When we are involved in trade, there needs to be a legal tender for which currency is used.  For localized trades, the country’s currency would be used.  However, for global transactions, the currency unit used could be the most popular. The central government of the country has the right by the government to issue money for circulation.  Although there will be a main unit of currency, there would also be a fractional unit of currency. The currency forms an important part of the economy. There are around 31 different currencies in circulation in Europe. However, fo...

The Asian Currencies List: A common legal tender in the world is currency.  Yes, man has progressed quite a bit from when he was into barter system which was used for transactions and purchase.  However, currencies can take up the form of coins or notes of paper.  It is printed or minted by the government of a country. However, miscreants of course try to counterfeit currency and hence a lot of security measures are put in the currency to avoid counterfeiting.  Locally, the currency used would be usually the country’s own unless the country does not have one of its own and uses a currency that is most popular around the world.  It is the central bank of a country has the right to circulate money as directed by the government.  The unit of currency would have a main unit plus a unit which could be a fraction of the currency.  The economy of a country is determined by the value of its currency and sometimes nations try to destabilize other nations ...

List Of Currencies In African Countries: C The world has progressed from the barter system to its current form, the currency system.  What is a currency?  It is an form of money available as coins or paper notes.  A government issues the currency and it gets circulated in an economy.  For trade, we have to use a form of exchange and the currency forms the basis for this.  These would be local currencies and used for trade in small areas, meaning within the country.  Only the central bank of the country can issue money for circulation.  There will be a main unit for the currency and then there would be a fractional unit as well. Currency is used generally in terms of the actual money, but also can be referred to as a system of money, as in monetary units.  Originally money was seen as a receipt which was issued for a certain quantity of something (grain for example) stored at a place. Most countries have their currency.  Some share t...

Currencies of North American Countries: When we look for the commonest legal tender in the world, there is nothing else other than currency that comes up.  We used to depend on the barter system in the past for transactions and purchase. With the advent of currencies, this has changed to coins and paper notes.  These are produced by various nations by printing or minting.  There is of course the risk that counterfeit is produced without scruples.  Hence nations make sure they have enough security features in the coins and notes such that the counterfeiting is countered.  In most cases, the currencies would be determined by the nation.  However, there are cases where countries have adopted the currencies of other countries.  A common example would be the USD a currency from the North American country of the USA.  The central bank of a nation has the rights from its government to circulate money The economy of a country is always vastly ...

African Countries Flags: A flag is not just a piece of cloth with some interesting colours and symbols on it.  It stands as a symbol.  It becomes an identity of the nation, organization, etc., that it stands for and it is publicly displayed to represent the entity.  The uses, thus, are many, from a very practical use where some visual indication is required, say of a ship’s identity in extreme weather conditions.  It can be the declaration of the independence of a country or declaration that a new authority is in charge.  It could be put to stake a claim to a country’s ownership of a place or the conquering of a mountain by the team from a country.  It can be very interesting to study flags and this study is vexillology.  The meaning of the word of course is banner or flag and is based in Latin. It is without doubt understandable that the most importance in the world is given to the national flags and/or the most respected international organi...

List Of African Countries And Capitals In Alphabetical Order: The capital of a country or a state has a very important part to play in the functioning of the country. Capital cities are of different kinds.  While there are national capitals, there are also state capitals. These governances epicentres provide all the necessary administrative, judicial, and legislative functions of the country.  State capitals may be shared. However, countries usually do not share capitals.  In fact South Africa has three capitals.  Pretoria is for administrative purposes, Cape Town for legislative purposes.  Bloemfontein is for judicial purposes.  South Africa was infamous for apartheid which was destroyed by the protests led by Nelson Mandela which finally led to the freedom from apartheid for the country. This process of different capitals for the Nations are sometimes followed in countries due to climatic conditions with winter capitals and summer  capitals. ...