Djiboutian Franc in Panamanian Balboa

DJF Djiboutian Franc

Country of application:
Djibouti

Coin denominations in circulation:
1, 2, 5, 10, 20, 50, 100, 250, 500 Djibouti franc.

Denominations of banknotes in circulation:
1000, 2000, 5000, 10,000 Djibouti franc.

History reference:
The Djibouti Franc is the national currency and fiat (fiduciary) money of the Republic of Djibouti, a state in East Africa. The Djibouti franc replaced the official currency of France, the French fra...nc, in 1977 upon independence. In 1952, the State Treasury took over the production of paper money. The change of French Somalilands name in 1967 to the French Territory of Afar and Issas was reflected on both the territorys coins and banknotes. In 1971 and 1973, the franc was revalued against the US dollar, first to 197.466 per dollar, then to 177.721 dollars, and the rate has remained the same ever since. Further changes in coin and banknote design followed independence in 1977.

PAB Panamanian Balboa

Country of application:
Panama

Coin denominations in circulation:
1 and 5 centesimos, 0.1, 0.25, 0.5, and 1 balboa.

Denominations of banknotes in circulation:
-

History reference:
The Balboa is the currency of the Republic of Panama. Panama money got its name from the Spanish conquistador Vasco Nunez de Balboa, the first European to cross the Isthmus of Panama from the Atlanti...c to the Pacific coast. With the independence of Panama in 1904, it became necessary to introduce a new currency to replace the Colombian peso. The balboa became such a currency. Until 1934, it was relatively independent and had a certain gold content (1.5048 g of pure gold), later a firm 1:1 ratio with the US dollar was established, which has been maintained to this day.