Panamanian Balboa in Macau Pataca

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.

MOP Macau Pataca

Country of application:
Macau

Coin denominations in circulation:
10, 20, 50 avo, 1, 2, 5, 10 patak.

Denominations of banknotes in circulation:
0, 20, 50, 100, 500 and 1000 patacas.

History reference:
Pataca is the national currency of Macau (Aomyn or Macau) - a special administrative region of the Peoples Republic of China. Pataca was introduced in Portuguese Macau and Portuguese Timor in 1894, b...ut only as a unit of account. The unit originally corresponded to the Spanish dollar, also known as the Mexican peso or the Philippine peso, and replaced the Portuguese real at the rate of 1 pataca = 450 riza. The name Pataca stems from the fact that the Portuguese always referred to the Spanish dollar as the Pataca mexicana, since as part of the Spanish colonial empire they were formerly usually minted in Mexico after which they rolled up the Philippines as part of the Spanish East Indies through the Manila-galeon trade. Acapulco, to be sold and distributed through the Far East.