Moldovan Leu in West African Franc

MDL Moldovan Leu

Country of application:
Moldavia

Coin denominations in circulation:
50, 25 and 10 baths.

Denominations of banknotes in circulation:
1,000, 500, 200, 100, 50, 20, 10, 5, 2 and 1 lei.

History reference:
The Moldovan leu is the currency of Moldova. The Moldovan leu became the national currency of Moldova in late autumn 1993. Despite the large number of economic reforms and political upheavals that th...e Republic of Moldova experienced during the years of its independence, its money has changed little. The main role in the internal and external markets of the Moldavian Principality was played by foreign silver and gold coins: ducats, florins, zlotys and others. In the 17th century, the Dutch coin “leeuwendaalder”, which depicted a lion, also penetrated the Balkans and Moldova. The inhabitants of Moldova called these coins lei. In 1867, this name was given to the currency of Romania, and after the collapse of the USSR, the monetary unit of Moldova. The Bulgarian lev has exactly the same etymology.

XOF West African Franc

Country of application:
Benin, Burkina Faso, Cote dIvoire, Guinea-Bissau, Mali, Niger, Senegal, Togo

Coin denominations in circulation:
1, 5, 10, 25, 50, 100, 200, 250, 500 CFA francs.

Denominations of banknotes in circulation:
500, 1000, 2000, 5000, 10,000 CFA francs.

History reference:
The CFA franc was introduced as the single currency of the French territories of West and Central Africa on December 26, 1945. By this time, the Franc Zone (an alliance created on the basis of former... French colonies) existed for about four years and was considered a voluntary association of participating countries. At first, the common currency was the French franc, but after the adoption of a decree in 1945, the CFA franc was introduced into circulation. The currency ratio was as follows: 1 CFA franc = 1.70 French francs. On November 20, 1963, Togo officially joined the Monetary Union. Mauritania leaves the Monetary Union in 1973. In the middle of 1984, Mali returned to the union. On January 10, 1994, after lengthy meetings, an agreement was reached in Dakar on the transformation of the West African Monetary Union into the West African Economic and Monetary Union, to which, on May 2, 1997, the Republic of Guinea-Bissau joined, replacing the significantly depreciated peso in circulation on its territory Guinea-Bissau to CFA franc BCEAO.