Iraqi Dinar in Venezuelan Bolívar

IQD Iraqi Dinar

Country of application:
Iraq

Coin denominations in circulation:
10,000, 50,000 dinars.

Denominations of banknotes in circulation:
250, 500, 1000, 5000, 25000 dinars.

History reference:
The Iraqi dinar is the official currency of Iraq. There are two currencies in Iraq - old and new dinars. The old dinar also has such a name as "Saddams dinar". They were issued after the first Gulf W...ar and featured a portrait of Saddam Hussein on their front. Dinars of the old issue are in widespread circulation mainly in the territory of the autonomous region in the north of Iraq - Kurdistan. They received another name - Swiss dinars. In the country, the monetary unit developed slowly, for a long time foreign currencies were in circulation on the territory of the country, when the economy collapsed completely, the question arose of the need to manufacture a national and unified system of money. A new currency appeared in the country, which could please only with a security system. The entire currency was made in the same color scheme, in addition, it did not have much originality, for a long time this particular currency existed in the country.

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.