Currencies in Asia
Anyone who travels to Asia needs to be liquid and liquid on the go – foreign exchange. Depending on the travel destination, the appropriate currency must be purchased in advance or in the destination country, which is usually cheaper.
The following travel countries (in alphabetical order) and currencies are in Asia:
- Afghanistan – Afghani
- Bahrain – Bahrain Dinar
- Bangladesh – Taka
- Bhutan – Ngultrum
- Brunei – Brunei Dollar
- Cambodia – Riel
- Hong Kong – Hong Kong Dollar>
- India – Indian Rupee
- Indonesia – Rupiah
- Iran – Iranian Rial
- Iraq – Iraqi Dinar
- Israel – Shekel
- Japan – Yen
- Jordan – Jordanian Dinar
- Kazakhstan – Tenge
- Kuwait – Kuwait Dinar
- Kyrgyzstan – Som
- Laos – Kip
- Lebanon – Lebanese Pound
- Macau – Pataca
- Malaysia – Ringgit
- Maldives – Rufiyaa
- Mongolia – Tugrik
- Myanmar (Burma, Burma) – Kyat
- Nepal – Nepalese Rupee
- North Korea – North Korean Won
- Oman – Omani Rial
- Pakistan – Pakistani Rupees
- People’s Republic of China – Renminbi Yuan
- Phillipines – Phillipine Peso
- Qatar – Qatar Riyal
- Saudi Arabia – Saudi Riyal
- Singapore – Singapore Dollar
- South Korea – Won
- Sri Lanka – Sri Lanka Rupee
- Syria – Syrian Pound
- Taiwan – Taiwan Dollar
- Tajikistan – Somoni
- Thailand – Baht
- Turkmenistan – Turkmenistan Manat
- United Arab Emirates – UAE Dirham
- Uzbekistan – Sum
- Vietnam – Dong
- Yemen – Yemen Rial
The best-known and most widely used currency is the Japanese yen ; since 1870 currency unit with the international symbol ¥.
The yen is divided into Sen (銭, 1 Yen = 100 Sen) [1] and Rin (厘, 1 Sen = 10 Rin); however, the coins have not been in circulation since the mid-50’s of the last century. The name for the ISO currency code is JPY with code number 392.
This is followed by the renminbi, ISO 4217’s international abbreviation is CNY – in off-shore foreign exchange trading centers such as Hong Kong, Renminbi is also abbreviated as CNH.
The abbreviation RMB has established itself in China. The units of the currency are Yuan (元, Yuán, forgery-proof graphic variant: 圓 / 圆), Jiao (角, Jiǎo) and Fen (分, Fēn). One yuan元, abbreviated with the symbol ¥ (CN ¥), corresponds to 10 Jiǎo角or 100 Fēn分.
At the end of November 2015, the International Monetary Fund (IMF) made the renminbi the fifth global reserve currency alongside the US dollar, euro, British pound and yen. With this status, global trade is simplified.
Since October 1st, 2016, the Renminbi has been part of the IMF’s world currency basket as the fifth currency.
