Panamanian Balboa in Iraqi Dinar

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.

IQD Iraqi Dinar

Country of application:
Iraq

Coin denominations in circulation:
10,000, 50,000 dinars.

Denominations of banknotes in circulation:
250, 500, 1000, 5000, 25000 dinars.

History reference:
The Iraqi dinar is the official currency of Iraq. There are two currencies in Iraq - old and new dinars. The old dinar also has such a name as "Saddams dinar". They were issued after the first Gulf W...ar and featured a portrait of Saddam Hussein on their front. Dinars of the old issue are in widespread circulation mainly in the territory of the autonomous region in the north of Iraq - Kurdistan. They received another name - Swiss dinars. In the country, the monetary unit developed slowly, for a long time foreign currencies were in circulation on the territory of the country, when the economy collapsed completely, the question arose of the need to manufacture a national and unified system of money. A new currency appeared in the country, which could please only with a security system. The entire currency was made in the same color scheme, in addition, it did not have much originality, for a long time this particular currency existed in the country.