West African Franc in Kazakhstani Tenge

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.

KZT Kazakhstani Tenge

Country of application:
Kazakhstan

Coin denominations in circulation:
50, 20, 10 and 5 tiyn.

Denominations of banknotes in circulation:
10 thousand, 5 thousand, 2 thousand, 1 thousand, 500 and 200 tenge.

History reference:
Kazakhstani (Kazakh) tenge is the national currency of Kazakhstan. The history of the Kazakhstani tenge begins on November 15, 1993, when the currency was put into circulation. Prior to this, residen...ts used different currency means. The last currency used is the Soviet ruble, which was in the country when Kazakhstan was part of the USSR. According to archaeologists, the first money that appeared on the territory of Kazakhstan is of Chinese origin. And this is not surprising, since the country was located on the Great Silk Road connecting Europe and Asia. Since the 6th century, coins of Turkic rulers have appeared in circulation. And from the 8th century, the steppe nomads of the region were invaded by the Arabs and settlements began to be carried out in silver dirhems. The first mints appeared in such ancient cities as Baraba, Ispidzhab, Taraz. The raw material for minting was the local silver mines located in the upper reaches of the Talas and Akhangaran rivers.