West African Franc in Taiwan New 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.

TWD Taiwan New Dollar

Country of application:
Republic of China (Taiwan)

Coin denominations in circulation:
1, 5, 10, 50 New Taiwan dollars.

Denominations of banknotes in circulation:
New Taiwanese dollars 100, 500, 1000.

History reference:
The New Taiwan Dollar is the currency of Taiwan. The Chinese term "New Taiwan dollar" (literally "new Taiwanese currency") is generally only used in banking and legal documents to avoid possible ambi...guity. In Taiwan, the term yuan is widely used in writing, and quai is also used in conversation. The New Taiwan Dollar was issued on June 15, 1949, replacing the Taiwan Dollar, which had been subject to inflation since the end of the Chinese Civil War. The exchange was carried out in the amount of NT$40,000 for NT$1.