Panamanian Balboa in Central African Franc

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.

XAF Central African Franc

Country of application:
Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea, Gabon

Coin denominations in circulation:
1, 2, 5, 10, 25, 100, 500 francs.

Denominations of banknotes in circulation:
500, 1000, 2000, 5000, 10000 francs.

History reference:
The national official currency of Cameroon is the CFA franc BEAC, the franc of financial cooperation in Central Africa, or the Central African franc (international designation XAF). The Central Afric...an franc is the currency of thirteen African countries in the French franc currency area. The XAF has its origins in Frances African colonial empire. France ruled most of West and Central Africa from the mid-nineteenth century to the mid-twentieth century. In 1910, the French government established the French Equatorial Africa, which was a federation of French colonial possessions in Equatorial Africa, stretching north from the Congo River to the Sahel.