Currencies that are used in the G7, or Group of Seven, countries include the U.S. Dollar, Canadian Dollar, Pound Sterling, Japanese Yen and Euro. The G7 is made up of the United States, Canada, France, Germany, Italy, Japan and the United Kingdom. Of the seven members of the G7, France, Germany and Italy are part of the Euro zone and share the same currency.
At its formation in 1975, the G7 was made up of only six countries, with Canada being invited to join the organization a year later. Officials belonging to the G7 countries hold semi-annual meetings to discuss matters of international economics and global monetary issues. As of 2014, China, despite being the third-biggest economy in the world, is not part of the G7 as it is still considered a developing country.
The G7 was initially founded as a platform to coordinate macroeconomic initiatives in response to the economic upheavals of the early 1970s, such as the foreign exchange collapse and the energy crisis of this period. G7 countries also belong to a larger formal organization called the G8, with Russia being the additional member of the organization. The organization has faced criticism for choosing to exclude some of the world's largest emerging economies, such as Brazil, China and India.Learn More
The image of President Abraham Lincoln appears on the $5 bill. Anthony Berger took the picture of President Lincoln that has been used for this denomination of American money since 2007. Another picture taken the same day, Feb. 9, 1864, was used for $5 bills before the year 2007.Full Answer >
The symbol for the Euro is €, though it is sometimes written as E or EUR on European receipts. To create this symbol on an American keyboard press Option + Shift + 2 on a MAC, or CNTRL + ALT + e on a PC.Full Answer >
The Euro, the Florin and the U.S. dollar are the official currencies of St. Maarten, according to the island's tourist office. The Euro is accepted on the French side of the island, the Florin is accepted on the Dutch side and U.S. dollars are generally accepted across the island.Full Answer >
There are 293 ways to make $1 using pennies, dimes, nickels, quarters, half dollars and dollar coins, according to TeachNet.com. The easiest way to make $1 using coins is with one dollar coin. The way that utilizes the most coins is to use 100 pennies.Full Answer >