Guernsey Pound in Panamanian Balboa

GGP Guernsey Pound

Country of application:
Guernsey

Coin denominations in circulation:
1, 2, 5, 10, 50 pence, 2 pounds.

Denominations of banknotes in circulation:
1, 5, 10, 20, 50 lbs.

History reference:
The Guernsey Pound is the currency of Guernsey, a tiny island in the English Channel. GGP is the currency code for the Guernsey pound, which is the official currency of Guernsey. Until 1834, Guernsey... used the French livre as currency, and then until 1921, French francs were accepted as payment. However, already in 1827, the issue of its own banknotes in pounds began, and since 1830, coins in duplicates, where 80 doubles amounted to 1 franc. From 1848 to 1850, the island had an ordinance accepting pounds for payment, reinstated for coins in 1870 (12.5 Guernsey pence became 1 shilling), and for banknotes in 1914 new own banknotes were printed, the denominations of which were shillings and francs. In 1921, Guernsey switched completely to pounds, pegging its pound to the British as 1:1, and in 1971 the decimal system was introduced.

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.