Venezuelan Bolívar in Paraguayan Guarani

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.

PYG Paraguayan Guarani

Country of application:
Paraguay

Coin denominations in circulation:
50, 100, 500, 1000 Guarani.

Denominations of banknotes in circulation:
2,000, 5,000, 10,000, 20,000, 50,000 and 100,000 Guarani.

History reference:
The Paraguayan Guarani (Guarani) has been the national currency and money of the Republic of Paraguay since 1944. Centimo tokens have not been issued since 1954 and are not used in cash circulation d...ue to their extremely low purchasing power due to chronically high inflation. The name Guarani comes from the eponymous group of Indian peoples living in Paraguay and partly in neighboring states. The origin of the word "Guarani" is still controversial. According to one version, translated from the dialect of the Tupi people, “Guarani” means “warrior”. The term was used by the first Jesuit missionaries to name the Indians who converted to Catholicism. The rights of the emission center belong to the Central Bank of Paraguay, founded in 1952.