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Now there are 8 new currencies in the Apple App Store

Apple has a huge collection of apps on its App Store, with thousands of developers working hard and releasing new apps in the App Store almost every day. With such a busy market place, the Cupertino tech giant was not taking full advantage of it. The company has not yet started accepting money is all the currencies there are in the world. In a lot of countries, local currencies are not supported on the App Store, which means that these customers will have to pay for the apps they buy either in US dollars, or just stay away from paid apps. This leads to illegal distribution and downloading of apps.

To stop this, which was happening the most in China, the Cupertino tech giant started accepting Yuan payments in the Apple Store back in November last year. And today, the company has said that it has added eight new currencies to the App Store, which include the Russian Ruble, Turkey’s Lire, India’s Rupee, Indonesia’s Rupiah, Israel’s New Shekel, Saudi Arabia’s Riyal, South Africa’s Rand, and United Arab Emirates’ Dirham.

The iTunes Connect, the developer portal which lets the developers control the pricing of each of their apps and the availability of these apps, was down for some amount of time on the 25th of this month. After the service came online, the additions were made. And the company also sent out a note to all the developers which give more details about the news. Find the note after the break.

The App Store now supports new currencies in the following eight territories, so your customers can easily purchase your apps in their local currency:

* Russia: Ruble (RUB)
* Turkey: Lira (TRY)
* India: Rupee (INR)
* Indonesian: Rupiah (IDR)
* Israel: New Shekel (ILS)
* Saudi Arabia: Riyal (SAR)
* South Africa: Rand (ZAR)
* United Arab Emirates: Dirham (AED)
* Updates to the iOS Paid Applications and the Mac OS X Paid

Applications contracts are now available on iTunes Connect. To view all current and outstanding contracts, see the Contracts, Tax and Banking module on iTunes Connect.

To view how these new currencies align with price tiers, see the Pricing Matrix in the Rights and Pricing section of the Manage Your Applications module on iTunes Connect.

Additionally, these eight territories will become their own report regions. With the exception of October, future financial reports in the Earnings tab in the Payments and Financial Reports module on iTunes Connect will include individual reports for the new eight currencies…

Earnings from sales that occurred before the change will be in the Rest of World (USD) financial report. Earnings from after the change will be in the new financial reports for each individual currency.

Also, note that we have adjusted the retail price for the Mexican Peso, the Euro, and the Danish Kroner. For more information, see the Pricing Matrix in the Rights and Pricing section of the Manage Your Applications module on iTunes Connect. 

Source: Tech Crunch