Currency

What Is Currency?

• Currency is the money that a country uses to buy and sell goods and services.
• Every country has its own special type of money with different names and designs.
• We use currency to pay for things like food, toys, clothes, and treats.

Coins and Banknotes Currency usually comes in two different forms:

• Coins: These are flat, round pieces of metal. They are usually for smaller amounts of money.
• Banknotes: These are made of special paper or plastic. They are usually for larger amounts of money.

The Value of Money Every coin and note has a number on it that tells us its "Value":

• A higher number means the money is worth more, and you can buy more things with it.
• We can join smaller values together to make a larger total (Example: Two 5-cent coins make 10 cents).
• The total amount of money you have is called your Balance.

Currency Symbols People use special symbols so we know they are talking about money:

• The Dollar Sign ($): Used in countries like the USA, Canada, and Australia.
• The Pound Sign (£): Used in the United Kingdom.
• The Euro Sign (€): Used in many countries across Europe.
• The Rupee Sign (Rs/₹): Used in countries like Pakistan and India.

Ways We Use Currency There are two main things we do with our money:

• Spending: Giving currency to a shopkeeper in exchange for something you want.
• Saving: Putting currency away in a piggy bank or a bank account to use later for something big.

Why Do We Learn This?

• It helps us understand the cost of things at the store.
• It teaches us how to count and make sure we get the right change back.
• It helps us learn how to plan and save for the things we really want.

Lesson Summary

• Currency is the money used to buy things.
• It comes in the form of metal coins and paper banknotes.
• Each piece of money has a value shown by a number and a symbol.