West African Franc in Barbadian dollar

XOF West African Franc

Country of application:
Benin, Burkina Faso, Cote dIvoire, Guinea-Bissau, Mali, Niger, Senegal, Togo

Coin denominations in circulation:
1, 5, 10, 25, 50, 100, 200, 250, 500 CFA francs.

Denominations of banknotes in circulation:
500, 1000, 2000, 5000, 10,000 CFA francs.

History reference:
The CFA franc was introduced as the single currency of the French territories of West and Central Africa on December 26, 1945. By this time, the Franc Zone (an alliance created on the basis of former... French colonies) existed for about four years and was considered a voluntary association of participating countries. At first, the common currency was the French franc, but after the adoption of a decree in 1945, the CFA franc was introduced into circulation. The currency ratio was as follows: 1 CFA franc = 1.70 French francs. On November 20, 1963, Togo officially joined the Monetary Union. Mauritania leaves the Monetary Union in 1973. In the middle of 1984, Mali returned to the union. On January 10, 1994, after lengthy meetings, an agreement was reached in Dakar on the transformation of the West African Monetary Union into the West African Economic and Monetary Union, to which, on May 2, 1997, the Republic of Guinea-Bissau joined, replacing the significantly depreciated peso in circulation on its territory Guinea-Bissau to CFA franc BCEAO.

BBD Barbadian dollar

Country of application:
Barbados

Coin denominations in circulation:
5, 10, 25 cents, 1 dollar.

Denominations of banknotes in circulation:
2, 5, 10, 20, 50, 100 dollars.

History reference:
BBD (Barbadian dollar) is the national currency of the Caribbean island nation of Barbados. Barbados is an island nation in the Lesser Antilles off the coast of South America. Both the Spanish and th...e Portuguese claimed the island during their periods of colonial expansion, but it was the British who later established a colony there in 1627. Since 1949, with the introduction of the British West Indies dollar, the currency of Barbados has become officially associated with the activities of the British Eastern Caribbean and the territory as a whole. Between 1938 and 1949, the government of Barbados issued paper banknotes in dollars. The last private bank notes were issued in 1949. British pound sterling coins were replaced with new coins in 1955. In 1965, the East Caribbean dollar replaced the British West Indies dollar in Barbados.