Global Currency Guides | Remitly Blog

World Currencies

Unlock the complexities of global currencies with clear explanations, currency conversion tools, and expert insights. Stay informed on exchange rate trends and confidently manage your international finances.

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Where Do Coins Go When People Stop Using Them?

When countries stop using certain coins, millions of metal pieces don't simply disappear. Explore the fascinating process of coin phase-outs, from Canada's penny discontinuation to global trends in digital payments, and discover what actually happens to these discontinued denominations.

What Happens to Damaged or Old Currency?

Every day, millions of bills and coins get damaged from regular use. But what happens when your money becomes too worn out to spend? The answer involves a fascinating system of collection, sorting, and secure destruction that keeps our currency supply fresh and trustworthy.