Venezuelan Bolívar in Sierra Leonean Leone

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.

SLL Sierra Leonean Leone

Country of application:
Sierra leone

Coin denominations in circulation:
10, 50, 100, 500 leons.

Denominations of banknotes in circulation:
1,000, 2,000, 5,000, 10,000 leons.

History reference:
Leone (Sierra Leonean leone) is the national currency and fiat (fiduciary) money of the Republic of Sierra Leone (Republic of Sierra Leone) since 1963, when it replaced the previous official currency... - the West African pound in the ratio of 1 pound = 2 leone. Initially, the leone was pegged to the pound sterling, then to the SDR, then to the US dollar, and since 1986, the leone has become a freely convertible currency. The coups and civil war that continued after independence caused an economic crisis and inflation in the country, which continues to this day. The Republic of Sierra Leone is a small West African country on the Atlantic coast. Sierra Leone, home to the worlds third largest natural harbor, was once a British colony and gained independence in 1961.