Venezuelan Bolívar in Uruguayan Peso

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.

UYU Uruguayan Peso

Country of application:
Uruguay

Coin denominations in circulation:
1, 2, 5, 10 dollars.

Denominations of banknotes in circulation:
20, 50, 100, 200, 500, 1000, 2000 dollars.

History reference:
The Uruguayan peso is the official currency of Uruguay. The territory of Uruguay is almost completely covered by the South American rainforest jungle. Agricultural plantations extend only in the coas...tal regions, and it is in these regions that the main population of the country is concentrated. From the south and east, the territory of the country is washed by the waters of the Atlantic Ocean, and the Gulf of La Plata in particular. The total area of Uruguay is slightly more than 176 thousand square kilometers. In 1840, the minting of Uruguayan coins began. On June 23, 1862, the National Bank of Uruguay was founded and the Uruguayan peso, equal to 100 centesimos, was officially announced as the currency. The gold content of the peso is set at 1.556419 grams of pure gold. The minting of peso coins began in 1869, the issuance of National Bank notes in 1887. Until 1896, banknotes were also issued by private banks (Commercial Bank, English Bank of Rio de la Plata, Italian Bank, Italo-Eastern Bank, Eastern Bank, Salto Bank, etc.) and the government. Since 1896, banknotes have been issued only by the central bank of Uruguay.