4. Latvia

Currency: Lats

Value Of 1 Lats Against Dollar: $1.89

Value Of 1 Lats Against Rupee: Rs 112.76

Highest Banknote: 500

When USSR occupied Latvia, the Latvia currency Lats was replaced by Soviet ruble. After Latvia regained its independence, the currency was reintroduced in 1993.

In June 2013, European Union asses the Latvia and gave it the green light to introduce euro. Lats will no long be the country’s currency from January 1, 2014, once euro is introduced.

5. United Kingdom

Currency: Pound

Value Of 1 Pound Against Dollar: $1.53

Value Of 1 Pound Against Rupee: Rs 91.64

Highest Banknote: 100 (In Scotland And Northern Ireland) And 50 (In England And Wales)

The original sterling is one of world’s oldest currency, which is still in use. The currency is also the fourth most traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen.

Sterling is also the third most held reserve currency in global reserves (about 4 per cent).

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