World currency

A currency is a legal tender used to pay and buy goods and services. It replaces the barter system widely used in the olden days. Each country has its own national currency. Here is the list of world currency in circulation.

Each currency carries different value. For example, if you hold GBP £50,000 today (03 August 2020), your £50,000 is equivalent to USD 65,056.46. The same GBP £50,000 is worth the EURO €55,571.50.

You can check your currency value here.

Europe

No.CountryCurrencyISO codeSymbolFractional units
1Akrotiri and DhekeliaEuroEuroCent
2AlbaniaAlbanian lekALLLQindarkë
3aAlderneyAlderney pound£Penny
3bAlderneyBritish poundGBP£Penny
3cAlderneyGuernsey poundGGP£Penny
4AndorraEuroEURCent
5AustriaEuroEuroCent
6AzerbaijanAzerbaijani manatAZNQəpik
7BelarusBelarusian rubleBYNBrKapyeyka
8BelgiumEUREURCent
9Bosnia and HerzegovinaBosnia and Herzegovina convertible markBAMKM or КМ[I]Fening
10BulgariaBulgarian levBGNлв.Stotinka
11CroatiaCroatian kunaHRKknLipa
12CyprusEuroEuroCent
13Czech RepublicCzech korunaCZKHaléř
14DenmarkDanish kroneDKKkrØre
15EstoniaEuroEuroCent
16aFaroe IslandsDanish kroneDKKkrØre
16bFaroe IslandsFaroese krónaFOKkrOyra
17FinlandEuroEuroCent
18FranceEuroEuroCent
19GeorgiaGeorgian lariGELTetri
20GermanyEuroEuroCent
21GibraltarGibraltar poundGIP£Penny
22GreeceEuroEuroCent
23aGuernseyGuernsey poundGGP£Penny
23bGuernseyBritish poundGBP£Penny
24HungaryHungarian forintHUFFtFillér
25IcelandIcelandic krónaISKkrEyrir
26IrelandEuroEuroCent
27aIsle of ManManx poundIMP£Penny
27bIsle of ManBritish poundGBP£Penny
28ItalyEuroEuroCent
29aJerseyJersey poundJEP£Penny
29bJerseyBritish poundGBP£Penny
30KosovoEuroEuroCent
31LatviaEuroEuroCent
32LiechtensteinSwiss francCHFFr.Rappen
33LithuaniaEuroEuroCent
34LuxembourgEuroEuroCent
35MaltaEuroEuroCent
36MoldovaMoldovan leuMDLLBan
37MonacoEuroEuroCent
38MontenegroEuroEuroCent
39NetherlandsEuroEuroCent
40North MacedoniaMacedonian denarMKDденDeni
41Northern CyprusTurkish liraTRYKuruş
42NorwayNorwegian kroneNOKkrØre
43PolandPolish złotyPLNGrosz
44PortugalEuroEuroCent
45RomaniaRomanian leuRONleiBan
46RussiaRussian rubleRUBKopek
47San MarinoEuroEuroCent
48SerbiaSerbian dinarRSDдин. or din.Para
49SlovakiaEuroEuroCent
50SloveniaEuroEuroCent
51SpainEuroEuroCent
52SwedenSwedish kronaSEKkrÖre
53SwitzerlandSwiss francCHFFrCentime
54TransnistriaTransnistrian rublePRBр.Kopek
55UkraineUkrainian hryvniaUAHKopiyka
56United KingdomBritish poundGBP£Penny
57Vatican CityEuroEuroCent

Many countries in Europe joined the Single Market, also called the EUROZONE and use the Euro as their own national currency. They are also members of the European Union.

Asia

NoCountryCurrencyISO codeSymbolFractional units
1aAbkhaziaRussian rubleRUBKopek
1bAbkhaziaAbkhazian apsar
2AfghanistanAfghan afghaniAFN؋Pul
3ArmeniaArmenian dramAMD֏Luma
4aArtsakhArtsakh dramդր.Luma
4bArtsakhArmenian dramAMD֏Luma
5BahrainBahraini dinarBHD.د.بFils
6BangladeshBangladeshi takaBDTPoisha
7aBhutanBhutanese ngultrumBTNNu.Chetrum
7bBhutanIndian rupeeINRPaisa
8British Indian Ocean TerritoryUnited States dollarUSD$Cent
9aBruneiBrunei dollarBND$Sen
9bBruneiSingapore dollarSGD$Cent
10CambodiaCambodian rielKHRSen
11ChinaChinese yuanCNY¥ or 元 Jiao
12East TimorUnited States dollarUSD$Cent
13Hong KongHong Kong dollarHKD$Cent
14IndiaIndian rupeeINRPaisa
15IndonesiaIndonesian rupiahIDRRpSen
16IranIranian rialIRRDinar
17IraqIraqi dinarIQDع.دFils
18IsraelIsraeli new shekelILSAgora
19JapanJapanese yenJPY¥ or 円Sen
20JordanJordanian dinarJODد.اPiastre
21KazakhstanKazakhstani tengeKZTTıyn
22MacauMacanese patacaMOPPAvo
23North KoreaNorth Korean wonKPWChon
24South KoreaSouth Korean wonKRWJeon
25KuwaitKuwaiti dinarKWDد.كFils
26KyrgyzstanKyrgyzstani somKGSсTyiyn
27LaosLao kipLAKAtt
28LebanonLebanese poundLBPل.لPiastre
29MalaysiaMalaysian ringgitMYRRMSen
30MaldivesMaldivian rufiyaaMVRLaari
31MongoliaMongolian tögrögMNTMöngö
32MyanmarBurmese kyatMMKKsPya
33NepalNepalese rupeeNPRरूPaisa
34OmanOmani rialOMRر.ع.Baisa
35PakistanPakistani rupeePKRPaisa
36PalestineIsraeli new shekelILSAgora
37PalestineJordanian dinarJODد.اPiastre
38PhilippinesPhilippine pesoPHPSentimo
39QatarQatari riyalQARر.قDirham
40Saudi ArabiaSaudi riyalSARر.سHalala
41aSingaporeSingapore dollarSGD$Cent
42bSingaporeBrunei dollarBND$Sen
43South OssetiaRussian rubleRUBKopek
44Sri LankaSri Lankan rupeeLKRRs, රු or ரூCent
45SyriaSyrian poundSYP£ or ل.سPiastre
46TaiwanNew Taiwan dollarTWD$Cent
47TajikistanTajikistani somoniTJSЅМDiram
48ThailandThai bahtTHB฿Satang
49TurkeyTurkish liraTRYKuruş
50TurkmenistanTurkmenistan manatTMTmTennesi
51United Arab EmiratesUnited Arab Emirates dirhamAEDد.إFils
52UzbekistanUzbekistani soʻmUZSso’m or сўмTiyin
53VietnamVietnamese đồngVNDHào
54YemenYemeni rialEURCent

Africa

No.CountryCurrencyISO codeSymbolFractional units
1AlgeriaAlgerian dinarDZDد.جSanteem
2AngolaAngolan kwanzaAOAKzCêntimo
3Ascension IslandSaint Helena poundSHP£Penny
4BeninWest African CFA francXOFFrCentime
5BermudaBermudian dollarBMD$Cent
6BotswanaBotswana pulaBWPPThebe
7Burkina FasoWest African CFA francXOFFrCentime
8BurundiBurundian francBIFFrCentime
9CameroonCentral African CFA francXAFFrCentime
10Cape VerdeCape Verdean escudoCVEEsc or $Centavo
11Cayman IslandsCayman Islands dollarKYD$Cent
12Central African RepublicCentral African CFA francXAFFrCentime
13Côte d’IvoireWest African CFA francXOFFrCentime
14DjiboutiDjiboutian francDJFFrCentime
15EgyptEgyptian poundEGP£ or ج.مPiastre[B]
16Equatorial GuineaCentral African CFA francXAFFrCentime
17EritreaEritrean nakfaERNNfkCent
18aEswatiniSwazi lilangeniSZLLCent
18bEswatiniSouth African randZARRCent
19EthiopiaEthiopian birrETBBrSantim
20GabonCentral African CFA francXAFFrCentime
21The GambiaGambian dalasiGMDDButut
22GhanaGhanaian cediGHSPesewa
23KenyaKenyan shillingKESShCent
24LesothoLesotho lotiLSLLSente
25LesothoSouth African randZARRCent
26LiberiaLiberian dollarLRD$Cent
27LibyaLibyan dinarLYDل.دDirham
28MadagascarMalagasy ariaryMGAArIraimbilanja
29MalawiMalawian kwachaMWKMKTambala
30MaliWest African CFA francXOFFrCentime
31MauritaniaMauritanian ouguiyaMRUUMKhoums
32MauritiusMauritian rupeeMURCent
33MoroccoMoroccan dirhamMADد.م.Centime
34MozambiqueMozambican meticalMZNMTCentavo
35NamibiaNamibian dollarNAD$Cent
36NigerWest African CFA francXOFFrCentime
37NigeriaNigerian nairaNGNKobo
38RwandaRwandan francRWFFrCentime
39aSahrawi RepublicAlgerian dinarDZDد.جSanteem
39aSahrawi RepublicMauritanian ouguiyaMRUUMKhoums
39bSahrawi RepublicMoroccan dirhamMADد. م.Centime
39cSahrawi RepublicSahrawi peseta₧ or PtasCentime
40Saint HelenaSaint Helena poundSHP£Penny
41São Tomé and PríncipeSão Tomé and Príncipe dobraSTNDbCêntimo
42SenegalWest African CFA francXOFFrCentime
43SeychellesSeychellois rupeeSCRCent
44Sierra LeoneSierra Leonean leoneSLLLeCent
45SomaliaSomali shillingSOSShCent
46SomalilandSomaliland shillingSLSSlCent
47South AfricaSouth African randZARRCent
48South SudanSouth Sudanese poundSSP£Piaster
49SudanSudanese poundSDGج.س.Piastre
50TanzaniaTanzanian shillingTZSShCent
51TogoWest African CFA francXOFFrCentime
52TunisiaTunisian dinarTNDد.تMillime
53UgandaUgandan shillingUGXShCent
54ZambiaZambian kwachaZMWZKNgwee
55ZimbabweRTGS dollar[6]ZWL

North and Central America

NoCountryCurrencyISO code SymbolFractional unit
1AnguillaEastern Caribbean dollarXCD$Cent
2Antigua and BarbudaEastern Caribbean dollarXCD$Cent
3BahamasBahamian dollarBSD$Cent
4BarbadosBarbadian dollarBBD$Cent
5BelizeBelize dollarBZD$Cent
6British Virgin IslandsUnited States dollarUSD$Cent
7CanadaCanadian dollarCAD$Cent
8Costa RicaCosta Rican colónCRCCéntimo
9aCubaCuban pesoCUP$Centavo
9bCubaCuban convertible pesoCUC$Centavo
10DominicaEastern Caribbean dollarXCD$Cent
11Dominican RepublicDominican pesoDOP$Centavo
12El SalvadorUnited States dollarUSD$Cent
13GrenadaEastern Caribbean dollarXCD$Cent
14GuatemalaGuatemalan quetzalGTQQCentavo
15HaitiHaitian gourdeHTGGCentime
16HondurasHonduran lempiraHNLLCentavo
17JamaicaJamaican dollarJMD$Cent
18MexicoMexican pesoMXN$Centavo
19MontserratEastern Caribbean dollarXCD$Cent
20NicaraguaNicaraguan córdobaNIOC$Centavo
21aPanamaPanamanian balboaPABB/.Centésimo
21bPanamaUnited States dollarUSD$Cent
22Saint Kitts and NevisEastern Caribbean dollarXCD$Cent
23Saint LuciaEastern Caribbean dollarXCD$Cent
24Saint Vincent and the GrenadinesEastern Caribbean dollarXCD$Cent
25Sint MaartenNetherlands Antillean guilderANGƒCent
26Trinidad and TobagoTrinidad and Tobago dollarTTD$Cent
27Turks and Caicos IslandsUnited States dollarUSD$Cent
28United StatesUnited States dollarUSD$Cent

South America

NoCountryCurrencyISO codeSymbolFractional unit
1ArgentinaArgentine pesoARS$Centavo
2ArubaAruban florinAWGƒCent
3BoliviaBolivian bolivianoBOBBs.Centavo
4BonaireUnited States dollarUSD$Cent
5BrazilBrazilian realBRLR$Centavo
6ChileChilean pesoCLP$Centavo
7ColombiaColombian pesoCOP$Centavo
8CuraçaoNetherlands Antillean guilderANGƒCent
9EcuadorUnited States dollarUSD$Cent
10Falkland IslandsFalkland Islands poundFKP£Penny
11GuyanaGuyanese dollarGYD$Cent
12ParaguayParaguayan guaraníPYGCéntimo
13PeruPeruvian solPENS/.Céntimo
14SabaUnited States dollarUSD$Cent
15Sint EustatiusUnited States dollarUSD$Cent
16SurinameSurinamese dollarSRD$Cent
17UruguayUruguayan pesoUYU$Centésimo
18VenezuelaVenezuelan bolívar soberanoVESBs.S. or Bs.Céntimo

Australasia and Oceania

NoCountryCurrencyISO code SymbolFractional unit
1AustraliaAustralian dollarAUD$Cent
2Cook IslandsCook Islands dollarCKD$Cent
3MicronesiaUnited States dollarUSD$Cent
4FijiFijian dollarFJD$Cent
5French PolynesiaCFP francXPFCentime
6KiribatiKiribati dollarKID$Cent
7Marshall IslandsUnited States dollarUSD$Cent
8NauruAustralian dollarAUD$Cent
9New CaledoniaCFP francXPFCentime
10New ZealandNew Zealand dollarNZD$Cent
11aNiueNew Zealand dollarNZD$Cent
11bNiueNiue dollar$Cent
12PalauUnited States dollarUSD$Cent
13Papua New GuineaPapua New Guinean kinaPGKKToea
14aPitcairn IslandsNew Zealand dollarNZD$Cent
14bPitcairn IslandsPitcairn Islands dollarPND$Cent
15SamoaSamoan tālāWSTTSene
16Solomon IslandsSolomon Islands dollarSBD$Cent
17TongaTongan paʻangaTOPT$Seniti
18aTuvaluTuvaluan dollarTVD$Cent
18bTuvaluAustralian dollarAUD$Cent
19VanuatuVanuatu vatuVUVVt
20Wallis and FutunaCFP francXPFCentime

Paying Companies House in the UK

Companies House in the UK only accepts payments in pound sterling (GBP).

If you are based in the countries that use the euro, for example, in Austria, you can pay Companies House by bank transfer using a bank in your home country. Your remittance will be converted into Pound Sterling (GBP) when arriving the UK bank account. Companies House Bank account details are as follows:

Sort code: 52 21 07
Account number: 41005309
Swift Code: NW BK GB 2L
IBAN: GB34NWBK52210741005309

You must clearly state your company number on your bank transfer and use it as the reference. Thereafter, email your remittance advice to lfpfinance@companieshouse.gov.uk on the same day as your payment is sent – clearly stating the company name and number as the subject of your email. This will allow Companies House to process your payment quickly.

Paying Companies House by bank transfer may be more cost-effective with a larger sum like paying your late filing penalty for delivering your company accounts late.

For smaller filing fees, you can pay online using your debit or credit card. For example, you can pay your Confirmation statement filing fee at the same time filing your statement. If you are using debit or credit card issued by a bank outside the UK, you may be charged a foreign transaction fee.

5G and Huawei equipment

The UK government issued a press release on 14 July 2020, Huawei is to be removed from the UK 5G network and Huawei equipment is banned after 31 December 2020. Additionally, existing Huawei equipment must be removed from the UK 5G network by 2027.

This decision was made following a technical review by the National Cyber Security Centre in response to US sanctions.

5G provides the faster mobile internet and more reliable than 4G and 3G.

Huawei equipment include the following:

  • smartphones
  • tablets
  • laptops
  • full-fibre broadband equipment

No link between 5G and coronavirus

On the same note. back on May 2020, 5G was linked to the spread of Coronavirus. There were also 5G protest around the same time of the Black Lives Matters protest. The Government issued guidance explaining how 5G works and that there is no link between 5G and coronavirus.

Read the guidance here.

UK Businesses currently use 5G and Huawei equipment

The National Cyber Security Centre has issued guidance on the use of equipment from High-Risk Vendors (HRV) and Huawei is considered HRV.

See the guidance here.

Update your fixed assets register accordingly when you replace your Huawei equipment used for business, for example, the smartphone.

Companies House filings during COVID-19 pandemic

Companies House also gear up to support UK businesses during COVID-19 pandemic. They will automatically extend your company’s filing deadline. This will help you to avoid a late filing penalty if you are unable to deliver your company accounts on time during this pandemic. You do not need to do anything. You just need to go to Companies House website to check your new filing deadline.

On the same note, your confirmation statement filing deadline will also be extended. You would have 6 weeks to file your confirmation statement. Likewise, for the events driven filings, you will have 42 days (6 weeks) to notify Companies House instead of the usual 14 days filing deadline.

In addition, Companies House also created an interim paperless filing service to accept documents which would normally require a live signature.

During this pandemic, you are encouraged to submit your documents online to Companies House. You can use the webfiling service to file the following documents to Companies House.

To file online, you would require your company’s authentication code. The authentication code is the electronic equivalent of your company’s director(s) signatures. Keep safe your authentication code.

If you require help with your company’s filings, contact Our accountants. They will be more than happy to assist you.

EU countries

EU countries consist of 27 countries in Europe. EU stands for European Union and it is a political and economic union of 27 countries. Each EU member country must meet the Copenhagen Criteria, in other words, the membership conditions.

The EU adopts a single market where businesses can trade and move freely within the EU member countries. 19 of the EU countries use the euro as their national currency.

On 31 January 2020, the UK left the EU.

List of the countries in the EU

NoEU member CountryInformation
1AustriaClick here
2BelgiumClick here
3BulgariaClick here
4CroatiaClick here
5CyprusClick here
6CzechiaClick here
7DenmarkClick here
8EstoniaClick here
9FinlandClick here
10FranceClick here
11GermanyClick here
12GreeceClick here
13HungaryClick here
14IrelandClick here
15ItalyClick here
16LatviaClick here
17LithuaniaClick here
18LuxembourgClick here
19MaltaClick here
20NetherlandsClick here
21PolandClick here
22PortugalClick here
23RomaniaClick here
24SlovakiaClick here
25SloveniaClick here
26SpainClick here
27SwedenClick here
Source: europa.eu

Doing business with the UK

The UK government encourage UK businesses to trade internationally and also welcome foreign businesses into the UK.

UK businesses expanding into overseas markets

If you are a UK business and would like to expand your business overseas, you may contact the Department for International Trade regional offices in the UK. They provide support and help to businesses.

Overseas businesses expanding into the UK market

If you would like to expand your business in the UK, you may contact the British Department for International Trade in your home country. Click here for the Department for International Trade offices worldwide.

Generally, an overseas company wants to set up a place of business in the UK must register with Companies House. You must register your overseas company within one month of opening for business in the UK.

Our accountants can help you to register your overseas company.

Get information about a UK company

Companies House maintain a public register of businesses registered with them. The information you can get include the following:

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