West African Franc in Iranian Rial

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.

IRR Iranian Rial

Country of application:
Iran, Afghanistan, Iraq

Coin denominations in circulation:
1,000, 2,000, 5,000 Iranian rial.

Denominations of banknotes in circulation:
5,000, 10,000, 20,000, 50,000, 100,000, 500,000 Iranian rial.

History reference:
The rial was the currency of Persia from 1798 to 1825 and of Iran since 1932. The rial first became the derivative currency of Iran (at that time Persia) in 1798. Rials were introduced as coins with ...a denomination of 1250 dinars (bargaining unit) or 1/8 fog (basic unit). In 1825, the rial ceased to be issued and until 1932 the currency of Iran was the Persian fog. The peculiarity of Iranian coins is that they are dated according to the Solar Hijri. Compared to the Gregorian calendar, there is a lag of 622 years. So, 1390 p. Hijri correspond to the year 2011 of our calendar. In addition, the coins of the Shah period are dated both according to the Hijri and according to the so-called Monarchic solar year, which is ahead by 559 years.