Philippine Peso in Fijian Dollar

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.

FJD Fijian Dollar

Country of application:
Fiji

Coin denominations in circulation:
5, 10, 20, 50 cents, 1, 2 dollars.

Denominations of banknotes in circulation:
5, 10, 20, 50, 100 dollars.

History reference:
The Fijian dollar (FJD) is the national currency of the Republic of Fiji, an archipelago state with over 300 islands. FJD was first introduced in 1867, but its latest iteration has been around since ...1969. The modern version of the FJD was introduced in 1969, replacing the Fijian pound at a rate of 2 FJD per Fijian pound. Since then, however, the value of the FJD has been allowed to fluctuate freely in the international currency markets. Between October 2015 and October 2020, the value of FJD against the US dollar remained relatively stable at approximately $0.47 per FJD.