The Brazilian currency, the real, has come under renewed pressure, weakening 4 percent so far this month.

The local currency comes in CI$1, 5, 10, 25, 50 and 100 notes.

Local currencies can also come into being when there is economic turmoil involving the national currency.

Meanwhile, Europe's single currency is coming apart at the seams.

But now that the single currency has come unstuck, I ask, isn't the war over?

"At various times, the strategy, the available currency and the price come together."

A single currency and European monetary union are coming: there is no question about that.

However, that also means of course that our currency will come under pressure.

The single currency - the euro - will come into being at the beginning of the third stage.

The currency came in 8 denominations of 1, 2, 5, 10, 50, 100, 500 and 1,000.