Indian and Foreign Currency

1.What Is the Currency of Qatar?

• The official currency of Qatar is the Qatari Riyal. The Central Bank of Qatar issues these currencies. The subunit of Qatari Riyal is Dirham.
• This currency is called QR. 3.64 QR is equal to 1 USD.
• Until 1966 the official currency of Qatar was the Indian rupee.

2.Why Do Different Countries Have Different Currencies?

• Different governments rule different countries.
• Governments earn revenues from other countries through foreign currencies as they have different values.
• The countries can print their currency and stick to a fixed exchange rate.

3.What Is the Currency of Japan?

• The national currency of Japan is the Japanese Yen. The subunit of Yen is Sen.
• The yen is the third strongest currency after US Dollar and Euro.
• 1 Yen is equal to 0.59 Indian Rupees and 0.0073 US Dollars.
• The Bank of Japan issues this currency.

4.Why Do Indian Currency Notes Have Note Numbers?

• The Reserve Bank of India prints notes with note numbers.
• It acts as a serial number used to track the currency.
• The same set of notes is identified and cancelled if any printing mistake occurs.