New Zealand Dollar in Panamanian Balboa

NZD New Zealand Dollar

Country of application:
New Zealand, Cook Islands, Niue, Pitcairn Islands, Ross Dependency, Tokelau

Coin denominations in circulation:
10, 20, 50 cents, 1, 2 dollars.

Denominations of banknotes in circulation:
5, 10, 20, 50, 100 dollars.

History reference:
New Zealand dollar banknotes are banknotes in circulation in New Zealand, the Cook Islands, Tokelau, Niue and the Pitcairn Islands denominated in New Zealand dollars. Despite its relative proximity t...o Australia and Polynesia, people began to settle in New Zealand only about 700 years ago. In 1642, the first Europeans appeared on the coast of New Zealand - they were Dutch sailors. In 1769, the English captain James Cook mapped almost the entire New Zealand coast. In 1814, the first permanent settlement of Europeans was founded in New Zealand - Christian missionaries from Australia. In 1840, New Zealand became a British Crown Colony. Before the advent of Europeans, the local inhabitants of the Maori people did not have money or commodity-money. Natural exchange prevailed. Together with European sailors, coins appeared in New Zealand - English, Dutch, Spanish. After New Zealand became part of the British colonial empire, the pound sterling zone spread to its territory.

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.