Venezuelan Bolívar in Algerian Dinar

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.

DZD Algerian Dinar

Country of application:
Algeria, Republic of Sahara

Coin denominations in circulation:
5, 10, 20, 50, 100, 200 dinars.

Denominations of banknotes in circulation:
200, 500, 1000 dinars.

History reference:
The Algerian dinar is the official currency of Algeria, Western Sahara. Today Algeria is a sovereign state. Until 1964, the countrys currency was the Algerian franc, after which it was withdrawn from... circulation. At the moment, the country has its own currency - the dinar. In 1994, there was a devaluation of the domestic Algerian currency, it depreciated by almost 60%, so you should pay attention to the fact that it has a floating rate. In 1998, 58 dinars were equal to 1 dollar. In March 1999, the dollar exchange rate in the country was 64.55 dinars.