World of Coins

Research and reference => Numismatics => Topic started by: Panky on March 01, 2008, 05:45:08 AM

Title: Countries without their own currency
Post by: Panky on March 01, 2008, 05:45:08 AM
I was interested in knowing which all countries in Europe do not have their own coins.
Title: Re: Countries without their own currency
Post by: a3v1 on March 01, 2008, 10:30:42 AM
I was interested in knowing which all countries in Europe do not have their own coins.
Hi Panky,
Almost all European countries are having their own coins. Exceptions are:
Liechtenstein. Incidentally issues NCLT medal-coins, but Swiss coins are used in everyday circulation.
Andorra. Issues NCLT medal-coins in "Diner" currency. Has attempted to get permission to issue its proper Euro coins; so far in vain. Foreign-struck Euro coins are used in everyday circulation.
Montenegro. Foreign-struck Euro coins are declared the country's official legal tender and are used in everyday circulation.
Kosovo. Foreign-struck Euro coins are declared the country's official legal tender and are used in everyday circulation.
Regards,
a3v1
Title: Re: Countries without their own currency
Post by: bart on March 01, 2008, 11:57:00 AM
A disputable country which doesn't issue its own coins is the Turkish Republic of Northern Cyprus (TRNC).  That country uses the Turkish currency.

Bart
Title: Re: Countries without their own currency
Post by: Panky on March 01, 2008, 09:30:53 PM
That means if we leave aside the 15 Official countries with Euro currency , 3 others with Euro and the 4 countires which do not have their own currency, there will be around 23 countries who have their own different currencies. From them if we leave UK and Denmark ,  out of the remaining 21 countries can others tell me who has got the most circulating currencies of their own.
Title: Re: Countries without their own currency
Post by: Panky on March 01, 2008, 09:33:04 PM
What about Bosnia and Herzegovina , have they got currency of their own ?
Title: Re: Countries without their own currency
Post by: a3v1 on March 01, 2008, 09:59:37 PM
What about Bosnia and Herzegovina , have they got currency of their own ?
Bosnia & Herzegovina has the Konvertible Marka (KM) originating from the German Mark. But Eurocoins also circulate freely.
Regards,
a3v1
Title: Re: Countries without their own currency
Post by: BC Numismatics on March 02, 2008, 11:52:16 PM
A disputable country which doesn't issue its own coins is the Turkish Republic of Northern Cyprus (TRNC).  That country uses the Turkish currency.

Bart

Bart,the so-called 'Turkish Republic of Northern Cyprus' is not a legitimate country,but an illegal occupation zone masquerading as a country.

The only legal currency of all Cyprus is the Euro.

Aidan.
Title: Re: Countries without their own currency
Post by: bart on March 03, 2008, 10:36:24 PM
Also: TRANSNISTRIA does issue coins, although this country isn't recognised internationally as a separate country (only by Russia).

Bart
Title: Re: Countries without their own currency
Post by: BC Numismatics on March 04, 2008, 07:22:15 PM
Also: TRANSNISTRIA does issue coins, although this country isn't recognised internationally as a separate country (only by Russia).

Bart

Bart,the only circulation coins that Transdniester have had has been the 1 Kopeck to 50 Kopecks that have been issued since 2000.Transdniester have had their own notes since 1992.

Panky,another place in Europe that has issued notes,but not coins is Cornwall.Here's an article about the Cornish Stannary Parliament's promissory note issues of 1974,1985,& 2000; http://www.pjsymes.co.au/articles/Private02.htm .

Northern Ireland has never issued their own coins,but there was a series of private pattern ECUs that were struck in 1992.The same thing also goes for Wales as well.

Aidan.
Title: Re: Countries without their own currency
Post by: RHM22 on January 09, 2010, 09:35:28 PM
The five American territories don't issue coins.

Puerto Rico
Northern Mariana Islands
American Samoa
Guam
U.S. Virgin Islands

Another country, Micronesia, uses the U.S. dollar primarily, though they have minted some NCLT coins. If you can find them, take a look at the Micronesian U.S. presidents series. The portraits look like they were drawn by a cartoonist, and half the names are spelled wrong! My favorites are "GEDRGE WASHINGTON" and "DWIGHT DAVID ELSENHOWER".
Title: Re: Countries without their own currency
Post by: RHM22 on January 09, 2010, 09:58:45 PM
In that case, Micronesia should be counted, as it is not a U.S. territory.
Title: Re: Countries without their own currency
Post by: ciscoins on January 09, 2010, 10:25:25 PM
Also: TRANSNISTRIA does issue coins, although this country isn't recognised internationally as a separate country (only by Russia).

Transnistria is not recognized by Russia. Four self-proclaimed states - Abkhazia, Nagorno-Karabakh, South Ossetia and Transnistria - recognized each other. And only two of them - Abkhazia and South Ossetia - are recognized by Russia.
Title: Re: Countries without their own currency
Post by: andyg on January 09, 2010, 10:28:27 PM
El Salvador is another that springs to mind.
Ecuador is debateable too.

Others,
Democratic Republic of Congo,
Angola
and all the countries in the CFA Franc area.
Title: Re: Countries without their own currency
Post by: ciscoins on January 09, 2010, 10:28:39 PM
Belarus doesn't have coins in circulation. It only issued lots of coin-like tokens for collectors.
Title: Re: Countries without their own currency
Post by: RHM22 on January 09, 2010, 10:31:56 PM
I believe the Congo issued wooden coins a few years ago to call attention to rain forest destruction. I don't know whether or not they were legal tender, but even if they were, they obviously didn't circulate to any extent.
Title: Re: Countries without their own currency
Post by: ciscoins on January 11, 2010, 03:54:50 PM
There are some banknotes of Scotland: http://www.rampantscotland.com/SCM/royal.htm

But for me they are local unusual issues. Something like banknotes and coins of Tatarstan (one of Russian regions-republics). I think that issuing its own currency doesn't make some territory a country. The easiest way is to call "a country" only the members of the UN. All the other coins and banknotes issues should be considered unusual.
Title: Re: Countries without their own currency
Post by: Pabitra on September 17, 2014, 08:59:38 PM
http://qz.com/260980/meet-the-countries-that-dont-use-their-own-currency/
Title: Re: Countries without their own currency
Post by: Figleaf on September 18, 2014, 12:00:08 AM
How odd to think that a common currency is a foreign currency...

Peter
Title: Re: Countries without their own currency
Post by: chrisild on September 18, 2014, 12:28:13 AM
How odd to think that a common currency is a foreign currency...

Consider the source ...

Christian
Title: Re: Countries without their own currency
Post by: Escudos on September 21, 2014, 12:08:42 PM
Faro Islands has their own papir money,  but no coins. Issued by the Danish national bank, And only legal tender on the Islands
Title: Countries without their own currency
Post by: Bimat on September 21, 2014, 02:38:10 PM
Faro Islands has their own papir money,  but no coins. Issued by the Danish national bank, And only legal tender on the Islands

Same is the case with Scotland; however it's not a separate country...Interesting case indeed. ;)

I believe that Scottish banknotes are not legal tender in the UK (or in other Channel Islands).

Aditya
Title: Re: Countries without their own currency
Post by: Enlil on October 03, 2014, 11:01:33 AM
Australian dollar Nauru, Tuvalu and Kiribati have their own coins. U.S dollar, Micronesia, Palau, East Timor (own coins), Marshall Islands.
Title: Re: Countries without their own currency
Post by: <k> on October 03, 2014, 11:37:24 AM
Tuvalu and Kiribati have their own coins.

Their last coins are dated 1994 and 1992 respectively. They now use the Australian dollar again, though some of their old coins may still circulate. Kiribati and Tuvalu have never issued their own banknotes.
Title: Re: Countries without their own currency
Post by: eurocoin on March 11, 2016, 07:12:32 AM
Their last coins are dated 1994 and 1992 respectively. They now use the Australian dollar again, though some of their old coins may still circulate. Kiribati and Tuvalu have never issued their own banknotes.

The circulating coins from Tuvalu are still in circulation on the island, only the 1c and 2c coins of Tuvalu are very rare in circulation. The Ministry of Finance of Tuvalu ignored my question whether they are planning to introduce new coins
Title: Re: Countries without their own currency
Post by: onecenter on March 11, 2016, 09:26:55 PM
At times, the New Zealand autonomous, self-governing Cook Islands have fallen into the no currency club.

The Republic of Panama does not print its own currency, if I remember correctly.  Panama uses US dollars.  Panamanian coinage co-circulates with American coinage.

The Republic of Liberia may be another case.  Our very knowledgeable members may know for sure.

Other candidate-countries are Ecuador, El Salvador and Zimbabwe.
Title: Re: Countries without their own currency
Post by: Pabitra on March 12, 2016, 04:58:38 AM
Cook Island just issued a new series recently, after a long time ( excl. a fantasy set in between).

Panama coins have been issued upto 1 Balboa and announced plans for 2 and 5 Balboa.

Liberia issued only 5 Dollar coin quite some time back and have a new central Bank Governor who is evaluating issue of a series of coins. The US Dollar will remain the currency.

Ecuador and El Salvador have no plans of coins as of now.

Zimbabwe has bond coins since late 2014 which are de facto equivalent to US cents.
Title: Re: Countries without their own currency
Post by: <k> on July 15, 2020, 02:24:39 PM
Here I will 'bump' this thread and ask our member Pabitra to comment.
Title: Re: Countries without their own currency
Post by: Pabitra on July 15, 2020, 06:08:23 PM
Not much change from March 2016.
Panama modified its coat of Arms to have 10 stars ( instead of 9 earlier) but higher coins than 1 Balboa did not come through.
Liberia and Somalia failed to come out with circulation coins.
Liberia continued to fight administrative scam of missing currency notes hence coins got a back seat.

Interesting issue was Libya Dinar coin, legal tender in Eastern part only which considers itself to be main Libya as a result of civil war. Otherwise coins vanished from circulation, having been last issued in 2014.

Quite a few countries, having issued coins, saw them vanish from circulation. Notable of them is South Sudan and Syria.

Swaziland issued 20 cents with new name "eSwatini" ( reminds me of iPhone).

Timor issued a 200 Centavos which again is a sub unit or a unit. Suriname also issues a 100 cent and 250 cent coin, without talking of Dollar as a unit. Only country which had that practice and has given up is Saudi Arabia, which used to issue 100 Halala coin. Now it has 1 Riyal and 2 Riyals coins.

Zimbabwe issued a 2 Dollar bond coin in November 2019 but appears to be back on track of hyperinflation.

Another country gone coinless is Iceland which has been planning a new series since 2014.

None of old well known coinless countries like Myanmar, Cambodia, Laos, Mongolia, Vietnam, Afghanistan etc have made any attempt to issue coins.

Ghana issued a 2 Cedi coin despite being part of new West African Economic community, original members of which renamed their CFA as Eco but no news about any remonetisation. The highest coin is 500 CFA. It would have been right time to get 1 Eco = 100 CFA but then political discord continues to hamper that community.
Title: Re: Countries without their own currency
Post by: <k> on July 15, 2020, 08:18:57 PM
Thank you for your observations, Pabitra.