Philippine Peso in Nepalese Rupee

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.

NPR Nepalese Rupee

Country of application:
Nepal

Coin denominations in circulation:
1, 2 Nepalese rupee.

Denominations of banknotes in circulation:
5, 10, 20, 50, 100, 200, 500, 1000 Nepalese rupee.

History reference:
The Nepalese rupee has been the national currency and money of the Federal Democratic Republic of Nepal since 1932, when it replaced the Nepalese mohar at a ratio of 1:2. The first settlers on the te...rritory of todays Nepal appeared almost a thousand years BC. e. and over time settled in free areas. In the Middle Ages, there was already a kingdom here, which waged wars with its neighbors and managed to expand its borders. In 1768, the territory was conquered from India, where the capital of the state was later transferred. This is the city of Kathmandu, and today it is the capital of the country. The Kingdom of Nepal managed to make war with one of the largest states of that time - the British Empire. The fighting began in 1814 and ended two years later, in 1816. None of the parties won a clear victory, as a result of which a peace treaty was concluded that determined the borders of Nepal. They have remained unchanged to this day.