FX fact: how many currencies are there?

- By FX Markets Staff
- @FXMarkets_
- 21 Jan 2002

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Forex traders may gripe about the reduction in numbers of tradable currencies, as currency unions and trading restrictions on some global currencies hit their money-making opportunities, but there are still plenty left to trade. While figures differ, most market participants agree on a figure of around 164 currencies in the world – that’s out of a total of 191 countries now recognised by the US State Department.

Many of those countries have adopted other countries’ currencies as their

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