West African Franc in Costa Rican Colon

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.

CRC Costa Rican Colon

Country of application:
Costa Rica

Coin denominations in circulation:
10, 25, 50, 100 and 500 columns.

Denominations of banknotes in circulation:
1,000, 2,000, 5,000, 10,000, 20,000, 50,000 colones.

History reference:
The currency, named after Christopher Columbus or, in the Spanish manner, Cristobal Colon, came out with a content of 0.7002 grams of pure gold in October 1896. The colon replaced the Costa Rican pes...o and was parity with the US dollar at 2.15:1. The Costa Rican colón was adopted as the national currency in 1896, about 70 years after Costa Rica and its Central American neighbors declared independence from Spain. Colón replaced the Costa Rican peso with a one-to-one exchange rate. The former currency of the peso, a legacy of the colonial era, was divided into eight Spanish reais.