Philippine Peso in Maldivian rufiyaa

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.

MVR Maldivian rufiyaa

Country of application:
Maldives

Coin denominations in circulation:
1, 2, 5, 10, 25, 50 lari, 1 and 2 rufiyaa.

Denominations of banknotes in circulation:
5, 10, 20, 50, 100, 500 and 1000 rufiyaa.

History reference:
The monetary unit of the Republic of Maldives at the moment is the Maldivian rufiyaa. The territory of the state is a ridge of more than 20 island formations of coral origin, which also consist of mo...re than a thousand smaller islets-atolls. The ridge of the Maldives archipelago stretches in a line from north to south. The total land area is approximately 300 square kilometers. Previously, the Maldivian rufiyaa was extremely poorly protected, and rampant diversification created unfavorable economic tariffs within the state, later protection systems were developed - watermarks and perforations. Money is printed on paper, which is purchased by America for the production of dollars, in addition, a wide range of colors is used in production. Banknotes are very small. Rufiyaas are used only within the country and are not in circulation in other countries of the world