Philippine Peso in Ni-Vanuatu Vatu

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.

VUV Ni-Vanuatu Vatu

Country of application:
Vanuatu

Coin denominations in circulation:
1, 2, 5, 10, 20, 50, 100 vat.

Denominations of banknotes in circulation:
200, 500, 1000, 2000, 5000, 10,000, 200 watt.

History reference:
Vatu means "stone" in Bislama. During the colonization of the islands by Great Britain and France, Australian, French and English money circulated on the territory of the New Hebrides. In 1941, the N...ew Hebridean franc was introduced into circulation. On July 30, 1980, the islands gained independence from Great Britain and France and the name of the state was renamed Vanuatu (meaning "this land forever"), and the New Hebridean franc was renamed Vatu. On December 16, 1980, the government began a monetary reform, one of the tasks of the reform was to develop the design of a new currency. On March 22, 1982, a new currency came into circulation. Until April 1, 1983, the new currency and the predecessor currencies (Australian dollar and New Hebridean franc) were used in everyday life.