Venezuelan Bolívar in Dominican Peso

VEF Venezuelan Bolívar

Country of application:
Venezuela

Coin denominations in circulation:
500, 100, 50, 25, 5, 2 and 1 bolivar, 50, 25, 10, 5 centimos.

Denominations of banknotes in circulation:
50,000, 20,000, 10,000, 5000, 2000, 1000, 500, 100, 50, 20, 10 and 5 bolivars.

History reference:
Bolivar is first a minor (in 1871-1879), and then the main (from 1879 to 2018) monetary unit of Venezuela. Bolívar is named after Latin American independence hero Simón Bolívar. The bolívar was passe...d under the Monetary Law of 1879, replacing the short-lived Venezolano at a rate of five bolívares to one Venezolano. The bolivar was originally defined by a silver standard, equal to 4.5 grams of pure silver, following the principles of the Latin Monetary Union. The monetary law of 1887 made the gold bolivar unrestricted legal tender, and the gold standard came into full force in 1910. Venezuela abandoned gold in 1930, and in 1934 the exchange rate of the bolivar was fixed in US dollars at a rate of 3.914 bolivars = US$1, valued at 3.18 bolivars = US$1 in 1937, a rate that lasted until 1941 Until February 18, 1983 (now called Black Friday (Viernes Negro) by many Venezuelans), the Bolívar was the most stable and internationally recognized currency in the region. It then fell victim to a massive devaluation.

DOP Dominican Peso

Country of application:
Dominican Republic

Coin denominations in circulation:
1, 5, 10, 25 Dominican pesos.

Denominations of banknotes in circulation:
50, 100, 200, 500, 1000, 2000 Dominican pesos.

History reference:
The Dominican Peso is the currency of the Dominican Republic. The name of the monetary unit, indicated since 1947 on banknotes, is the “golden peso” (Spanish: peso oro). The Dominican peso was fi...rst introduced at the same time as the countrys independence from Haiti in 1844. It replaced the Haitian gourde at par and was subdivided into 8 reais. In 1877, the centavo became the currency of the peso at the ratio of 1 peso = 100 centavos. In 1891, a new currency was introduced - the Dominican franc, which, however, did not replace the peso, but was in circulation at the same time as it. The Dominican franc was introduced in order to enter the country into the Latin Monetary Union, but already in 1897 it was canceled.