Colombian Peso in Jamaican Dollar

COP Colombian Peso

Country of application:
Colombia, Venezuela

Coin denominations in circulation:
50, 100, 200, 500, 1000 dollars.

Denominations of banknotes in circulation:
2000, 5000, 10,000, 20,000, 50,000, 100,000 US dollars.

History reference:
The Colombian Peso is the official currency of the Republic of Colombia. The peso became the Colombian coin in 1810. In 1837, the peso began to replace the real. Then for one peso they gave 8 reais. ...In 1847, Colombia revised the value of the peso, which began to be valued at 10 reais. In 1853, the real was renamed desimo, which means "tenth" in Spanish. In 1903, the Central Bank of Colombia set a fixed rate on the British pound sterling, according to which 5 pesos were equal to 1 pound. In 1931, Great Britain abandoned the gold standard, in the same year the Colombian pesos also moved away from the gold-currency equivalent standard. Later, in different periods of the existence of the state, the peso experienced several devaluations caused by economic crises in the country.

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.