A Closer Look A country’s currency is an excellent indicator of its financial health and practices. Below is a chart containing the currency, national debt, and per-capita income (how much the average person in that country makes a year). This may be used as a resource in the context of the upcoming activities. When presenting this to youth have them take a look at the chart below and look for differences between the nations featured. Discuss how these figures match up with what they already know about these countries: Per Capita Income National Debt Country Currency (US dollar Interesting Facts (2009) equivalent, 2008 est.) Dollar Australia subdivided $920,000,000,000 $38,1000 into 100 cents Real Brazil subdivided $216,100,000,000 $10,100 into 100centavos Renminbi units are the Yuan (元), The Chinese invented paper China Jiao (角), and $347,100,000,000 $6,000 Fen (分): 1 money in the 9th century. Yuan = 10 Jiao = 100 Fen. Birr Ethiopia Subdivided $4,229,000,000 $800 into 100 santim © www.learningtogive.org 1 European Union (Austria, Belgium, Cyprus, Euro is the Finland, official France, currency of US$7,000 Germany, 16 of the 27 to Greece, Member US$69,000 Ireland, Italy, States of the Luxembourg, European Malta, the Union (EU). Netherlands, Portugal, Slovakia, Slovenia and Spain) Quetzal subdivided Guatemala into 100 $7,489,000,000 $5,200 cents Yen The yen is the third most-traded Large currency in the quantities of foreign exchange Japan $2,132,000,000,000 $34,200 yen are often market, after counted in United States multiples of dollar and the 10,000. euro. Rupee subdivided into India $223,900,000,000 $2,800 100 paise (singular paisa) © www.learningtogive.org 2 Inflation has Rupiah resulted in coins Indonesia subdivided $150,700,000,000 $3,900 and banknotes into 100 sen, denominated in sen as obsolete. Peso The peso was the first currency in Mexico subdivided $177,000,000,000 $14,200 into the world to use 100centavos the "$" sign. Naira Nigeria subdivided $9,689,000,000 $2,300 into 100 kobo Ruble Russia subdivided $369,200,000,000 $15,800 into 100kopeks Rand South Africa subdivided $73,840,000,000 $10,000 into 100 cents United Pound $9,088,000,000,000 $36,600 Kingdom sterling Dollar subdivided United States $13,450,000,000,000 $41,000 into 100 cents © www.learningtogive.org 3 .