Barbadian dollar in Venezuelan Bolívar

BBD Barbadian dollar

Country of application:
Barbados

Coin denominations in circulation:
5, 10, 25 cents, 1 dollar.

Denominations of banknotes in circulation:
2, 5, 10, 20, 50, 100 dollars.

History reference:
BBD (Barbadian dollar) is the national currency of the Caribbean island nation of Barbados. Barbados is an island nation in the Lesser Antilles off the coast of South America. Both the Spanish and th...e Portuguese claimed the island during their periods of colonial expansion, but it was the British who later established a colony there in 1627. Since 1949, with the introduction of the British West Indies dollar, the currency of Barbados has become officially associated with the activities of the British Eastern Caribbean and the territory as a whole. Between 1938 and 1949, the government of Barbados issued paper banknotes in dollars. The last private bank notes were issued in 1949. British pound sterling coins were replaced with new coins in 1955. In 1965, the East Caribbean dollar replaced the British West Indies dollar in Barbados.

VEF Venezuelan Bolívar

Country of application:
Venezuela

Coin denominations in circulation:
500, 100, 50, 25, 5, 2 and 1 bolivar, 50, 25, 10, 5 centimos.

Denominations of banknotes in circulation:
50,000, 20,000, 10,000, 5000, 2000, 1000, 500, 100, 50, 20, 10 and 5 bolivars.

History reference:
Bolivar is first a minor (in 1871-1879), and then the main (from 1879 to 2018) monetary unit of Venezuela. Bolívar is named after Latin American independence hero Simón Bolívar. The bolívar was p...assed under the Monetary Law of 1879, replacing the short-lived Venezolano at a rate of five bolívares to one Venezolano. The bolivar was originally defined by a silver standard, equal to 4.5 grams of pure silver, following the principles of the Latin Monetary Union. The monetary law of 1887 made the gold bolivar unrestricted legal tender, and the gold standard came into full force in 1910. Venezuela abandoned gold in 1930, and in 1934 the exchange rate of the bolivar was fixed in US dollars at a rate of 3.914 bolivars = US$1, valued at 3.18 bolivars = US$1 in 1937, a rate that lasted until 1941 Until February 18, 1983 (now called Black Friday (Viernes Negro) by many Venezuelans), the Bolívar was the most stable and internationally recognized currency in the region. It then fell victim to a massive devaluation.