Guyanese Dollar in Jamaican Dollar

GYD Guyanese Dollar

Country of application:
Guyana

Coin denominations in circulation:
1, 5, 10, 100 dollars.

Denominations of banknotes in circulation:
20, 50, 100, 500, 1000, 5000 dollars.

History reference:
The Guyanese dollar is the official currency of Guyana. Currency code: GYD. In Guyana, the national currency is the Guyanese dollar. It is split into 100 cents. The international letter designation o...f the currency is GYD, and its symbol is G$. In terms of denominations of coins and banknotes, the Guyanese dollar is not very diverse when compared with other currencies. So, you can find large denominations of 1000 and 500 dollars, and small denominations of 100 and 20. Coins are presented in only three types: 1, 5 and 10 dollars. A few years ago (in 2013) the authorities introduced the $5,000 bill. The cooperative republic of Guyana was colonized by Britain for a certain time. In those years, the state of Guyana was called British Guiana. The East Caribbean dollar was then used as the currency. It was a recognized unit of the OECS (Organization of the Eastern Caribbean States). Since the mid-60s of the last century, during the period of the states struggle for independence, the Bank of Guyana decides to put into circulation its own national currency of the country. This currency was the Guyanese dollar. Then it exchanged with the OECS dollar at a one-to-one rate.

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.