Omani Rial in Philippine Peso

OMR Omani Rial

Country of application:
Oman

Coin denominations in circulation:
5, 10, 25, 50 bytes.

Denominations of banknotes in circulation:
100 bays, 0.5, 1, 5, 10, 20, 50 riyals.

History reference:
The Omani rial is the national currency of the Sultanate of Oman, which has been in circulation on the territory of the state since 1974. The currency is issued by the Central Bank of Oman. In the 19...th century, the Indian rupee and the Maria Theresa thaler were used in monetary circulation. Since 1940, minting of coins in baizes has begun, and since 1948 - in rials. Rials and coins were minted in two types - Saidi rial and Dofari rial. On May 11, 1959, the Reserve Bank and the Government of India began issuing special banknotes - Persian Gulf rupees, which were not legal tender in India, while the rial and thaler continued to be used in circulation. Since June 1966, as a result of the devaluation of the rupee of the Persian Gulf, the Maria Theresa thaler remained in circulation. On May 7, 1970, the said rial, equivalent to the pound sterling, was declared the only legal currency in Oman.

PHP Philippine Peso

Country of application:
Philippines

Coin denominations in circulation:
20, 50, 100, 200, 500, 1000 Philippine pesos.

Denominations of banknotes in circulation:
1, 5, 10, 25 centimos, 1, 5, 10 Philippine pesos.

History reference:
The Philippine peso is the national currency of the Philippines. In 1898, the country experienced a revolution and issued its own coins and paper money backed by the countrys resources. The revolutio...n was short-lived - this money ceased to circulate in 1901. The US took control of the Philippines and launched a currency that was pegged to the price of gold, which at the time was about half the value of the United States dollar (USD). The peg of £2 to the dollar continued until the country became independent in 1946. Monetary policy in the Philippines is conducted by the Central Bank of the Philippines (BSP), established on July 3, 1993 as the central bank. It produces the nations banknotes and coins at its Security Enterprise Complex, which is due to relocate to New Clark City in Kapas, Tarlac.