Trinidadian Dollar in West African Franc

TTD Trinidadian Dollar

Country of application:
Trinidad and Tobago

Coin denominations in circulation:
1, 5, 10, 25, 50 cents.

Denominations of banknotes in circulation:
1, 5, 10, 20, 50, 100 dollars.

History reference:
The dollar (currency code - TTD) has been the official currency of the Republic of Trinidad and Tobago since 1964 (before that, the British West Indies dollar was in circulation in the country). The ...history of currency in the former British colony of Trinidad and Tobago is closely linked to the history of the British Eastern Caribbean territories as a whole. The first currency used was the Spanish dollar, also known as the "figure of eight", which began to circulate in the 16th century. Proposals for the establishment of landowner-oriented banks in the West Indies were made in 1661 by the British government and in 1690 by Sir Thomas Dalby. Despite this, and the Queen Annes Proclamation of 1704, which brought the West Indies on the gold standard, the eight silver coins (Spanish dollars and then Mexican dollars) continued to form the bulk of circulating currency well into the second half of the nineteenth century.

XOF West African Franc

Country of application:
Benin, Burkina Faso, Cote dIvoire, Guinea-Bissau, Mali, Niger, Senegal, Togo

Coin denominations in circulation:
1, 5, 10, 25, 50, 100, 200, 250, 500 CFA francs.

Denominations of banknotes in circulation:
500, 1000, 2000, 5000, 10,000 CFA francs.

History reference:
The CFA franc was introduced as the single currency of the French territories of West and Central Africa on December 26, 1945. By this time, the Franc Zone (an alliance created on the basis of former... French colonies) existed for about four years and was considered a voluntary association of participating countries. At first, the common currency was the French franc, but after the adoption of a decree in 1945, the CFA franc was introduced into circulation. The currency ratio was as follows: 1 CFA franc = 1.70 French francs. On November 20, 1963, Togo officially joined the Monetary Union. Mauritania leaves the Monetary Union in 1973. In the middle of 1984, Mali returned to the union. On January 10, 1994, after lengthy meetings, an agreement was reached in Dakar on the transformation of the West African Monetary Union into the West African Economic and Monetary Union, to which, on May 2, 1997, the Republic of Guinea-Bissau joined, replacing the significantly depreciated peso in circulation on its territory Guinea-Bissau to CFA franc BCEAO.