What Is Key Currency?

The currency type refers to the name of the currency of various countries in the world today. Each country now has its own currency, with many varieties and different names. From the perspective of international trade payments, they can be broadly divided into two categories: freely convertible currencies, also known as convertible currencies. Holders of this currency can exchange it for currency of any other country without any restrictions. At present, more than 50 countries in the world have accepted the provisions of the International Monetary Fund Agreement on the free exchange of currencies, and their currencies are considered to be freely convertible currencies. Among them are USD, British Pound, Laos, Japanese Yen, Swiss Franc, Italian Lira, Dutch Guilder, Belgian Franc, Danish Krone, Swedish Krona, Norwegian Krone, Austrian Shilling, Hong Kong Dollar, Canadian Dollar, Australian Dollar, Singapore Dollar Wait. ^[1]