Pakistani Rupee in Philippine Peso

PKR Pakistani Rupee

Country of application:
Pakistan

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

Denominations of banknotes in circulation:
10, 20, 50, 100, 500, 1000 rupees.

History reference:
The Pakistani rupee is the national currency and money of the Islamic Republic of Pakistan. Appeared in 1948 instead of the Indian rupee during the partition of British India. The very name of the ru...pee (translated as "forged silver") refers to Ancient India 5-4 centuries BC. In the 80s and 90s of the twentieth century, the Pakistani rupee was subject to significant inflation. Already by 2001, the exchange rate of the local currency against the US dollar was 63 to 1. Although, for example, in 1982 this ratio was at the level of 12.7 rupees per US dollar. For ten years from 1980 to 1990, the monetary unit of Pakistan lost its value by about 7% per year, and already in the first half of the 90s, the inflation rate almost doubled - 11% per year.

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.