Somali Shilling in Philippine Peso

SOS Somali Shilling

Country of application:
Somalia

Coin denominations in circulation:
-

Denominations of banknotes in circulation:
1000 shillings.

History reference:
The Somali shilling is the currency of the Federal Republic of Somalia. On the territory of Italian Somalia, the Indian rupee, the Maria Theresa thaler and the Eritrean thaler were in circulation, in... 1910-1925 the Italians issued the rupee of Italian Somalia. On July 1, 1925, it was replaced by the Somali lira, and when Italian Somalia was included in Italian East Africa, the East African Italian lira, which circulated along with the Italian lira. The civil war in Somalia in 1991 led to the formation of the self-proclaimed state of Somaliland. On October 18, 1994, the Somaliland government issues the Somaliland shilling, which lasted only 4 months until January 31, 1995, which was exchanged at the rate of 100 Somali shillings for 1 Somaliland shilling. In addition to Somali shillings, American dollars, euros, Egyptian and Sudanese pounds, and Mauritian rupees are used in circulation in the country.

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.