Using SimpleXML, once you've got a SimpleXMLElement object which represents your XML document (let's say you've called the object variable $content), you can just access elements and attributes like so:
$first_country = $content->country[0];
$first_currency = $first_country['name'];
$first_currency_code = $first_country['code'];
If you want to run through the whole XML document, you can use foreach on $content->country.
I wrote an article on my site about using SimpleXML (to extract data from an XML feed):
http://www.bobulous.org.uk/coding/php-5-xml-feeds.html
But it's mostly about creating the SimpleXMLElement object and then using it to produce markup. The best way to learn how to access the object is the "Basic usage" guide in the SimpleXML section of the PHP docs.