Jamaican Dollar in Paraguayan Guarani

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.

PYG Paraguayan Guarani

Country of application:
Paraguay

Coin denominations in circulation:
50, 100, 500, 1000 Guarani.

Denominations of banknotes in circulation:
2,000, 5,000, 10,000, 20,000, 50,000 and 100,000 Guarani.

History reference:
The Paraguayan Guarani (Guarani) has been the national currency and money of the Republic of Paraguay since 1944. Centimo tokens have not been issued since 1954 and are not used in cash circulation d...ue to their extremely low purchasing power due to chronically high inflation. The name Guarani comes from the eponymous group of Indian peoples living in Paraguay and partly in neighboring states. The origin of the word "Guarani" is still controversial. According to one version, translated from the dialect of the Tupi people, “Guarani” means “warrior”. The term was used by the first Jesuit missionaries to name the Indians who converted to Catholicism. The rights of the emission center belong to the Central Bank of Paraguay, founded in 1952.