Philippine Peso in Bulgarian Lev

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.

BGN Bulgarian Lev

Country of application:
Bulgaria

Coin denominations in circulation:
1 lion, 50, 20, 10, 5, 2 and 1 stotinka.

Denominations of banknotes in circulation:
100, 50, 20, 10, 5 and 2 levs.

History reference:
Bulgarian Lev. The first coins and banknotes were issued at the end of the nineteenth century. In the everyday life of modern Bulgaria there are seven denominations of coins and six denominations of ...banknotes, sample of 1999. During the first seven or eight years of the existence of the lev, coins made of gold and silver were issued into circulation, and in 1928 the equality “1 lev \u003d 10.8695 mg of gold” was established. The 2nd World War made adjustments to the countrys economy. Occupied Bulgaria exchanged the national lev for the Reichsmark at a rate of 33.0:1. Liberated by the Soviet troops, Bulgaria changed its money again, but this time to the Soviet ruble (15:1). After the end of World War II, within two to three years, the exchange rate of the lev against the dollar rose to the level of 120.00-150.00 leva per dollar. The population did not have the opportunity to freely exchange money, even at such a rate.