Omani Rial in West African Franc

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.

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.