Philippine Peso in Uruguayan Peso

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.

UYU Uruguayan Peso

Country of application:
Uruguay

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

Denominations of banknotes in circulation:
20, 50, 100, 200, 500, 1000, 2000 dollars.

History reference:
The Uruguayan peso is the official currency of Uruguay. The territory of Uruguay is almost completely covered by the South American rainforest jungle. Agricultural plantations extend only in the coas...tal regions, and it is in these regions that the main population of the country is concentrated. From the south and east, the territory of the country is washed by the waters of the Atlantic Ocean, and the Gulf of La Plata in particular. The total area of Uruguay is slightly more than 176 thousand square kilometers. In 1840, the minting of Uruguayan coins began. On June 23, 1862, the National Bank of Uruguay was founded and the Uruguayan peso, equal to 100 centesimos, was officially announced as the currency. The gold content of the peso is set at 1.556419 grams of pure gold. The minting of peso coins began in 1869, the issuance of National Bank notes in 1887. Until 1896, banknotes were also issued by private banks (Commercial Bank, English Bank of Rio de la Plata, Italian Bank, Italo-Eastern Bank, Eastern Bank, Salto Bank, etc.) and the government. Since 1896, banknotes have been issued only by the central bank of Uruguay.