Belizean Dollar in Jamaican Dollar

BZD Belizean Dollar

Country of application:
Belize

Coin denominations in circulation:
1, 5, 10, 25, 50 cents, $ 1.

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

History reference:
The Belize dollar has been the national currency and money of Belize since 1885. Replaced the pound sterling. In 1973, with the change of the name of the country from British Honduras to Beziz, the c...urrency changed its name: from the British Honduras dollar to the Belize dollar. Despite the fact that the state was part of the “fermentation” zone of the British pound sterling, it based its economy on the US dollar. The Honduran dollar continued its attachment to the US dollar even after the UK abandoned the gold standard in the 1930s. However, at the beginning of the Second World War, British Honduras, along with some other countries, joined the area of circulation of the British currency. And after the devaluation of the British pound in 1949, the Honduran dollar was finally pegged to the US dollar. This fact contributed to a sharp increase in the local currency against the pound. For many years, the exchange rate of the Belize dollar to the US dollar has been at the same mark, equal to 2:1, respectively.

JMD Jamaican Dollar

Country of application:
Jamaica

Coin denominations in circulation:
1, 5, 10, 20 dollars.

Denominations of banknotes in circulation:
50, 100, 500, 1000 dollars.

History reference:
The Jamaican dollar is the national currency of Jamaica. Until 1840, the British pound, Spanish reals and local coins circulated in Jamaica. Then the Jamaican pound was introduced, which in 1914 was ...equated to the pound sterling, and from 1955 to the West Indian dollars. The earliest money in Jamaica were Spanish copper coins called maravedi. This is due to the fact that for almost four hundred years, Spanish dollars, known as pieces of eight, were widely used on world trade routes, including the Caribbean region. However, after the revolutionary wars in Latin America, the source of these silver trade coins dried up. The last Spanish dollar was minted at the Potosi Mint in 1825. The United Kingdom adopted a very successful gold standard in 1821, so 1825 was the right time. to introduce the coinage of British sterling in all British colonies.