Venezuelan Bolívar in Syrian Pound

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.

SYP Syrian Pound

Country of application:
Syria

Coin denominations in circulation:
5, 10, 25, 50 lbs.

Denominations of banknotes in circulation:
10, 100, 200, 500, 1000, 2000 lbs.

History reference:
The Syrian pound, sometimes the currency of Syria, is issued by the Central Bank of Syria. In 1920, the Syrian Arab Kingdom was created, but the independent state was only a few months old, after whi...ch its territory was occupied by the French army. In this regard, the Egyptian pound was replaced by the Syrian pound, which was pegged to the French franc at a ratio of 1:20 (1 franc to 20 Syrian pounds). In 1926, the French mandated territory was divided into Lebanon and Syria and the Bank of Syria was renamed the Bank of Syria and Lebanon. It is interesting that the Syrian 10 pounds coin in terms of its characteristics and size completely coincides with the 20 Norwegian kroner coin.