CURRENCIES OF LEADING COUNTRIES 



Approximate value at standard rate of exchange. 

 Great Britain and Ireland 



1 Penny = 2 cents. 



1 Shilling (twelve pence) = 24 cents. 



1 Pound (20 Shillings) =$4.86 



Note — On January 4, 1915, demand sterling was quoted in New York at 4.74%, a 

 depreciation of little more than 2% from normal. 



Australia, New Zealand, South Africa, British West Indies, etc., employ the same 

 system as Great Britain. 



France 



20 Centimes = 4 cents. 



50 Centimes =10 cents. 



1 Franc (100 Centimes) =19 cents. 



Russia 



5 Kopecks = 3 cents. 



20 Kopecks =10 cents. 



1 Rouble (100 Kopecks) . . =51 cents. 



1 Imperial (10 Roubles) = $5. 10 



Germany 



20 Pf ennige «■ 5 cents-. 



50 Pfennige =12 cents. 



1 Mark (100 Pfennige) =24 cents. 



Note — On January 4, 1915, the Mark was valued at 18% cents in New York. 

 This was the lowest quotation to that date since the outbreak of the war. 



Austria-Hungary 



10 Heller = 2 cents: 



1 Krone (100 Heller) =20 cents. 



5 Kronen = $1 . 00 



Note — On Jan. 4, 1915, the rate of exchange was 35% below par. 



Turkey 



1 Piastre = 4 cents. 



10 Piastres =44 cents. 



1 Medjidie (100 Piastres) = $4.40 



Denmark 



10 Ore = 2% cents. 



1 Crown (100 Ore) =27 cents. 



Netherlands (Holland) 



5 Cents = 2 cents. 



25 Cents =10 cents. 



1 Guilder or Florin (100 Cents) =40 cents. 



Note — In Norway and Sweden the same system is in use as in Denmark. 



In countries of the Latin Union the following coins have the same value as the French 

 Franc (19 cents) — ^ 



Belgium and Switzerland "Franc"; Italy "Lira"; Greece "Drachme"; Rumania 

 "Lei"; Serbia "Dinar"; Spain "Peseta." 



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