What context can I use each word in?
Learn when and how to use these words with these examples!
banknote
Example
I need to exchange my banknotes for smaller denominations. [banknotes: plural noun]
Example
He handed me a crisp banknote as payment for the goods. [banknote: singular noun]
currency
Example
The currency in Japan is the yen. [currency: noun]
Example
I need to convert my dollars into the local currency. [currency: noun]
Good things to know
Which word is more common?
Currency is more commonly used than banknote in everyday language. Currency is a versatile term that covers a wide range of contexts related to money, while banknote is more specific and often used in discussions about cash transactions and physical money.
What’s the difference in the tone of formality between banknote and currency?
Both banknote and currency can be used in formal and informal contexts. However, currency is more commonly used in formal settings, such as economic discussions and financial reports.
