Venezuelan Bolívar in Guatemalan Quetzal

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.

GTQ Guatemalan Quetzal

Country of application:
Guatemala

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

Denominations of banknotes in circulation:
1 quetzal, 5, 10, 20, 50, 100, 200 quetzals.

History reference:
Guatemalan quetzal GTQ (320). Quetzal (quetzal, quetzal) is the currency of Guatemala. It got its name in honor of the national bird quetzal. Introduced in 1925 instead of the previously circulating ...peso at a ratio of 60 pesos = 1 quetzal In circulation are coins in denominations of 1, 5, 10, 25, 50 centavos and 1 quetzal and banknotes in denominations of 1, 5, 10, 20, 50, 100 and 200 quetzals. Banknotes of old models of issue after 1948 are a means of payment, they are extremely rare and are withdrawn from circulation as they wear out. Banknotes of the following series are distinguished by minor changes in design and security features.