West African Franc in Burmese Kyat

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.

MMK Burmese Kyat

Country of application:
Myanmar

Coin denominations in circulation:
1, 5, 10, 50, 100 Burmese Kyat.

Denominations of banknotes in circulation:
50, 100, 200, 500, 1000, 5000, 10,000 Burmese Kyat.

History reference:
The Myanmar Kyat has been the national currency and money of the Republic of the Union of Myanmar since 1989. Replaced the Burmese rupee. Kyat has been known since the middle of the 19th century as a... Tikal payment system for several countries - Burma, Siam, Laos, Cambodia. Myanmar is located in mainland Southeast Asia. In 1989, the ruling military government changed the countrys name to Myanmar, from Burma. However, the description of the adjective is still Burmese, not Myanmar. The first Burmese money were coins - kyat and pya, issued in the second half of the 19th century. These coins were in circulation until April 1, 1892. A year later, Burma falls under the dependence of British India, and the Indian rupee is introduced into the country, which later becomes the Burmese rupee.