Gambian Dalasi in Venezuelan Bolívar

GMD Gambian Dalasi

Country of application:
Gambia

Coin denominations in circulation:
1, 5, 10, 25, 50 bututs, 1 dalasi.

Denominations of banknotes in circulation:
5, 10, 20, 25, 50, 100, 200 dalasi.

History reference:
Dalasi is the currency of the Gambia. One dalasi is equal to 100 bututs. ISO 4217 code - GMD. Introduced in 1971, the GMD replaced the former Gambian pound currency. At that time, one pound was equal... to five dalasies. The currency is presented in the form of coins, also known as bututs, and minted by the Royal Mint. Bututs denomination - 1, 5, 10, 25 and 50

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.