Solomon Islander Dollar in Panamanian Balboa

SBD Solomon Islander Dollar

Country of application:
Solomon islands

Coin denominations in circulation:
10, 20, 50 cents, 1 dollar, 2 dollars.

Denominations of banknotes in circulation:
5, 10, 20, 50, 100 dollars.

History reference:
The Solomon Islands dollar is the national currency of the Solomon Islands. Originally a British protectorate, the Solomon Islands gained independence in 1978. Today, the country has a constitutional... monarchical structure with a parliament and a prime minister. Although the Solomon Islands is an independent nation, it continues to recognize Queen Elizabeth II as its constitutional head of state. The official language of the country is English. The Solomon Islands dollar began to be put into circulation on October 24, 1977, replacing the Australian dollar. The currency got its name in honor of the Australian currency. Since gaining independence in 1978, the new currency has become the official currency of the young state. For two years, the Solomon Islands dollar was pegged to the Australian dollar.

PAB Panamanian Balboa

Country of application:
Panama

Coin denominations in circulation:
1 and 5 centesimos, 0.1, 0.25, 0.5, and 1 balboa.

Denominations of banknotes in circulation:
-

History reference:
The Balboa is the currency of the Republic of Panama. Panama money got its name from the Spanish conquistador Vasco Nunez de Balboa, the first European to cross the Isthmus of Panama from the Atlanti...c to the Pacific coast. With the independence of Panama in 1904, it became necessary to introduce a new currency to replace the Colombian peso. The balboa became such a currency. Until 1934, it was relatively independent and had a certain gold content (1.5048 g of pure gold), later a firm 1:1 ratio with the US dollar was established, which has been maintained to this day.