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two component accounts of the balance of payments of a nation.</div><a class="moreRead" href="/definition/current-account">Read More</a></div></li><div class="clr"></div></ul></div><div class="clr"></div></div><h1 class="definitionTitle">What is 'Currency Symbol'</h1><br><div class="section1"><div class="Normal"><strong>Currency Symbol</strong><br>We all have played with currency notes or coins a few times in our lives and while evaluating them, we see some strange symbols there next to where the amount of money was written. Have you ever wondered what those symbols are like what is that dollar symbol there, the rupee symbol here, etc.? This is what currency symbols are all about and let us learn more about it in the following lines.<br><br><br><strong>What is Currency Symbol?<br></strong>A currency symbol is essentially a representation of the currency in its graphical form. These small symbols are there to avoid hassle and to identify the currency from a glance. For example, a dollar symbol can be seen quickly and it is understood that the currency signifies dollars. Also, these symbols are unique, in most cases, for every country. This symbol is also an indicator of the stability or acceptability of the currency, which is recognized worldwide.<br><strong><br><br>Currency Symbol Definition</strong><br>The definition of a currency symbol in layman’s terms can be simply understood in a sentence, a currency symbol is required to solidify a currency’s legibility and increase its recognizability. If we take the example of the dollar symbol, its symbol is now its identity in the financial world symbolizing its power and its seriousness while showcasing it to the whole world.<br><br><br><strong>Some Important Currency Symbols<br></strong>There are many currency symbols in the world, some for individual countries or some for a group of countries, and identifying them all is a task done by local as well as international organizations like International Organization for Standardization, etc.<br><br> <strong>Some of the major currency symbols of the world are:</strong><br><ul><li>Dollar Symbol - $</li><li>Euro Symbol - €</li><li>Pound Sterling Symbol – £</li><li>Yen Symbol – ¥</li><li>Franc Symbol – ₣</li><li>Rupee Symbol – ₹</li><li>Dinar Symbol – د.ك</li><li>Dirham Symbol – د.إ</li><li>Riyal Symbol – ﷼&lrm;</li><li>Mark Symbol – ₻</li><li>Ruouble Symbol – ₽</li><li>Lari Symbol - ₾</li><li>Lira Symbol - ₺</li><li>Manat Symbol – ₼</li><li>Tenge Symbol – ₸</li><li>Hryvnia Symbol – ₴</li><li>Spesmilo Symbol – ₷</li><li>Baht Symbol - ฿</li><li>Won Symbol – 원</li><li>Dong Symbol – ₫</li><li>Tugrik Symbol – ₮</li><li>Drachma Symbol – ₯</li><li>Peso Symbol – ₱</li><li>Austral Symbol – ₳</li><li>Cedi Symbol – ₵</li><li>Guarani Symbol – ₲</li><li>Sheqel Symbol – ₪</li><li>Penny Symbol – ₰</li></ul><br><br><strong>What is a currency symbol exactly?</strong><br>A currency symbol is essentially a representation of the currency in its graphical form. These small symbols are there to avoid hassle and to identify the currency from a glance.<br><br><br><strong>Give an example explaining the benefits of a currency symbol?</strong><br>Let's take an example of a currency symbol, a dollar symbol can be seen quickly and it is understood that the currency signifies dollars. Also, these symbols are unique, in most cases, for every country. This symbol is also an indicator of the stability or acceptability of the currency, which is recognized worldwide.<br><br><br><strong>What are some of the most prominent currency symbols?<br></strong>Some of the most prominent currency symbols are:<br><ul><li>Dollar Symbol - $</li><li>Euro Symbol - €</li><li>Pound Sterling Symbol – £</li><li>Yen Symbol – ¥</li><li>Franc Symbol – ₣</li><li>Rupee Symbol – ₹</li><li>Dinar Symbol – د.ك</li></ul><br><em>Disclaimer: This content is authored by an external agency. The views expressed here are that of the respective authors/ entities and do not represent the views of Economic Times (ET). ET does not guarantee, vouch for or endorse any of its contents nor is responsible for them in any manner whatsoever. Please take all steps necessary to ascertain that any information and content provided is correct, updated and verified. ET hereby disclaims any and all warranties, express or implied, relating to the report and any content therein.<br></em><br><meta content="cms.next" name="cmsei"></div></div><div class="clr"></div><div id="widgetSEO" class="widgetSEO"><div class="readMoreTopics seoWidget seoWidget_con clearfix"><div class="prel"><h2 class="head">Read More News on</h2><div class="nextprev-btn slider_embd"><div data-ga-onclick="Previous | href" class="prev-btn arw_blk disable flt"><span class="alft"></span></div><div class="ts-dots flt"><ul></ul></div><div data-ga-onclick="Next | href" class="next-btn arw_blk ryt flt"><span class="aryt"></span></div></div></div><div id="slides_SEO" class="overh slides clearfix"><ul><li><a href="/topic/rupee-symbol">RUPEE SYMBOL</a><a href="/topic/dinar-symbol">DINAR SYMBOL</a><a href="/topic/international-organization-for-standardization">INTERNATIONAL ORGANIZATION FOR STANDARDIZATION</a><a href="/topic/tugrik-symbol">TUGRIK SYMBOL</a></li><li><a href="/topic/spesmilo-symbol">SPESMILO SYMBOL</a><a href="/topic/guarani-symbol">GUARANI SYMBOL</a><a href="/topic/drachma-symbol">DRACHMA SYMBOL</a><a href="/topic/cedi-symbol">CEDI SYMBOL</a></li><li><a href="/topic/?disclaimer">?DISCLAIMER</a><a href="/topic/?dirham-symbol">?DIRHAM SYMBOL</a><a href="/topic/lira-symbol---%E2%82%BA">LIRA SYMBOL - ₺</a><a href="/topic/%E2%80%8Emark-symbol-%E2%80%93">&lrm;MARK SYMBOL –</a></li><li><a href="/topic/glance">GLANCE</a></li></ul></div></div></div><div class="prevNextDefNames"><ul><li class="flt"><a href="/definition/currency-deposit-ratio"><div class="prevDef flt"><i class="prev"></i>PREV DEFINITION</div></a><div class="clr"></div><div id="prevDefLinks"><a href="/definition/currency-deposit-ratio">Currency Deposit Ratio</a><br><div class="synopsis">The currency deposit ratio shows the amount of currency that people hold as a proportion of aggregate deposits.</div><a class="moreRead" href="/definition/currency-deposit-ratio">Read More</a></div></li><li class="flt"><a href="/definition/current-account"><div class="nextDef fltr">NEXT DEFINITION<i class="next"></i></div></a><div class="clr"></div><div id="prevDefLinks"><a href="/definition/current-account">Current Account</a><br><div class="synopsis">Current account is one of the two component accounts of the balance of payments of a nation.</div><a class="moreRead" href="/definition/current-account">Read More</a></div></li><div class="clr"></div></ul></div><div class="related_definition"><div class="related_defHeader"><div class="head flt">Related Definitions</div><div class="FAQ_pagination fltr"><div class="flt" id="pre"><a href="javascript:void(0);"><i class="prev"></i></a></div><div class="fltr" id="post"><a href="javascript:void(0);"><i class="next"></i></a></div><div class="clr"></div></div><div class="clr"></div></div><ul><li><a class="bdbottom" title="Asset Turnover Ratio" href="/definition/asset-turnover-ratio">Asset Turnover Ratio<div class="synopsis"><p>Asset turnover ratio is the ratio between the value of a company’s sales or revenues and the value of its assets. It is an indicator of the efficiency with which a company is deploying its assets to produce the revenue. Thus, asset turnover ratio can be a determinant of a company’s performance. The higher the ratio, the better is the company’s performance. Asset turnover ratio can be different fro</p></div></a><a class="bdbottom" title="Austerity" href="/definition/austerity">Austerity<div class="synopsis"><p> economic growth of country is determined by factors such as Capital structure, Human resources, Natural resources and revenue generation of businesses operating within the nation. A decline in the economic development can impact all the four factors of a government system. One of the main contributors of decline in the economic system is debts. A country borrows money from creditors, with the vie</p></div></a><a title="Bailout" href="/definition/bailout">Bailout<div class="synopsis"><p>Bailout is a general term for extending financial support to a company or a country facing a potential bankruptcy threat. It can take the form of loans, cash, bonds, or stock purchases. A bailout may or may not require reimbursement and is often accompanied by greater government oversee and regulations. The reason for bailout is to support an industry that may be affecting millions of people in</p></div></a><a title="Balance Of Payment" href="/definition/balance-of-payment">Balance Of Payment<div class="synopsis"><p>According to the RBI, balance of payment is a statistical statement that shows 1. The transaction in goods, services and income between an economy and the rest of the world, 2. Changes of ownership and other changes in that economy’s monetary gold, special drawing rights (SDRs), and financial claims on and liabilities to the rest of the world, and 3. Unrequited transfers. Description: The tran</p></div></a></li><li><a class="bdbottom" title="Bank Rate" href="/definition/bank-rate">Bank Rate<div class="synopsis"><p>Bank rate is the rate charged by the central bank for lending funds to commercial banks. Description: Bank rates influence lending rates of commercial banks. Higher bank rate will translate to higher lending rates by the banks. In order to curb liquidity, the central bank can resort to raising the bank rate and vice versa. Also See: Base Rate, Call Money Rate </p></div></a><a class="bdbottom" title="Barter" href="/definition/barter">Barter<div class="synopsis"><p> the hard currency came into existence, the most common form of trade was bartering. Barter Systemdates back to the old time when there was no money. The only way to buy goods was to exchange them with personal belongings of similar value. For example- A farmer gives his cattle in exchange for some land, and so on. In simple words, any exchange of goods and services for other goods and services wi</p></div></a><a title="Base Rate" href="/definition/base-rate">Base Rate<div class="synopsis"><p>Base rate is the minimum rate set by the Reserve Bank of India below which banks are not allowed to lend to its customers. Description: Base rate is decided in order to enhance transparency in the credit market and ensure that banks pass on the lower cost of fund to their customers. Loan pricing will be done by adding base rate and a suitable spread depending on the credit risk premium. Als</p></div></a><a title="Basel Iii" href="/definition/basel-iii">Basel Iii<div class="synopsis"><p>The third Basel accord or Basel-III is the cornerstone of banking supervision in the world. Framed by a committee of elite central bankers, the accord provides the guidelines for prudent supervision of banks all over the world and sets the standard for such supervision. Description: Basel-III is third in the series of accords following Basel-I and Basel-II. It was released in December, 2010, in</p></div></a></li><li><a class="bdbottom" title="Brexit" href="/definition/brexit">Brexit<div class="synopsis"><p>It is an abbreviation for the term “British exit”, similar to “Grexit” that was used for many years to refer to the possibility of Greece leaving the Eurozone. Brexit refers to the possibility of Britain withdrawing from the European Union (EU). The country will hold a referendum on its EU membership on June 23. Description: Why the Call for Referendum? When David Cameron became the prime mi</p></div></a><a class="bdbottom" title="Brics" href="/definition/brics">Brics<div class="synopsis"><p> the BRICS?BRICS is an acronym that started as BRIC in 2001, coined by Jim O’Neill (a Goldman Sachs economist) for Brazil, China, India, and Russia. Later in 2010, South Africa was added to become BRICS. Goldman Sachs claimed that the global economy will be dominated by the four BRIC economies by 2050. The main reason for such a claim was that China, India, Brazil, Russia, and South Africa were ra</p></div></a></li></ul><div class="clr"></div></div><div class="clr"></div><h2 xmlns:valurl="com.times.utilities.CMSWebUtility" xmlns:listval="com.indiatimes.cms.utilities.CMSDateUtility" xmlns:java="java" class="relateHead">Related News</h2><ul class="udsgn" itemprop="itemListElement" itemscope="itemscope" itemtype="https://schema.org/ListItem"><li class="definitionStories"><img alt="The rupee symbol completes its first year, still a long way to go" class="aaimg flt" src="https://img.etimg.com/thumb/msid-9164767,width-160,height-120/news/economy/finance/the-rupee-symbol-completes-its-first-year-still-a-long-way-to-go.jpg"><a class="aimg" target="_blank" href="https://economictimes.indiatimes.com/news/economy/finance/the-rupee-symbol-completes-its-first-year-still-a-long-way-to-go/articleshow/9164767.cms" itemprop="url"><meta itemprop="name" content="The rupee symbol completes its first year, still a long way to go"><meta content="1" itemprop="position"><span class="title">The rupee symbol completes its first year, still a long way to go</span></a><span class="artSyn">On July 15, the rupee symbol completes its first year. 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