Guyanese Dollar in Panamanian Balboa

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.

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.