West African Franc in Guyanese 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.

GYD Guyanese Dollar

Country of application:
Guyana

Coin denominations in circulation:
1, 5, 10, 100 dollars.

Denominations of banknotes in circulation:
20, 50, 100, 500, 1000, 5000 dollars.

History reference:
The Guyanese dollar is the official currency of Guyana. Currency code: GYD. In Guyana, the national currency is the Guyanese dollar. It is split into 100 cents. The international letter designation o...f the currency is GYD, and its symbol is G$. In terms of denominations of coins and banknotes, the Guyanese dollar is not very diverse when compared with other currencies. So, you can find large denominations of 1000 and 500 dollars, and small denominations of 100 and 20. Coins are presented in only three types: 1, 5 and 10 dollars. A few years ago (in 2013) the authorities introduced the $5,000 bill. The cooperative republic of Guyana was colonized by Britain for a certain time. In those years, the state of Guyana was called British Guiana. The East Caribbean dollar was then used as the currency. It was a recognized unit of the OECS (Organization of the Eastern Caribbean States). Since the mid-60s of the last century, during the period of the states struggle for independence, the Bank of Guyana decides to put into circulation its own national currency of the country. This currency was the Guyanese dollar. Then it exchanged with the OECS dollar at a one-to-one rate.