Congolese Franc in Venezuelan Bolívar

CDF Congolese Franc

Country of application:
Democratic Republic of the Congo

Coin denominations in circulation:
1, 5, 10, 20, 50 centimes.

Denominations of banknotes in circulation:
1, 5, 10, 20, 50, 100, 200, 500, 1000, 2000, 5000, 10000, 20,000 francs.

History reference:
The Congolese franc has been the national currency and money of the Democratic Republic of the Congo since 1911 (from 1967 to 1997 in the country, in connection with the renaming of the country to Za...ire, it was renamed the new Zaire). The old name and country and money returned in 1997. In 1998, the Congolese franc was again declared the monetary unit, replacing the new zaire in the ratio: franc = 100,000 new zaire. The Bank of Zaire is renamed the Central Bank of the Congo. Banknotes of the 1997 sample were put into circulation.

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.