Yemeni Rial in Panamanian Balboa

YER Yemeni Rial

Country of application:
Yemen

Coin denominations in circulation:
1, 5, 10, 20 riyals.

Denominations of banknotes in circulation:
50, 100, 200, 250, 500, 1000 rials.

History reference:
The Yemeni rial (YER) is the national currency (money) of the Republic of Yemen, in circulation since 1990 (unification of North and South Yemen into one country). After the unification of the Arab R...epublic of Yemen and the Peoples Democratic Republic of Yemen in 1990, both the North Yemeni rial and the South Yemeni dinar remained in circulation throughout the country, equated at a ratio of 26 dinars to 1 rial, and in 1993 the first new coins were issued . In 1996, the dinar was withdrawn from circulation, and the rial became the countrys only currency, and the old banknotes were gradually replaced with new ones. In 1996, the dinar was withdrawn from circulation, and the rial banknotes were updated. At present, Yemens fiat currency, the fils, has a purely formal status

PAB Panamanian Balboa

Country of application:
Panama

Coin denominations in circulation:
1 and 5 centesimos, 0.1, 0.25, 0.5, and 1 balboa.

Denominations of banknotes in circulation:
-

History reference:
The Balboa is the currency of the Republic of Panama. Panama money got its name from the Spanish conquistador Vasco Nunez de Balboa, the first European to cross the Isthmus of Panama from the Atlanti...c to the Pacific coast. With the independence of Panama in 1904, it became necessary to introduce a new currency to replace the Colombian peso. The balboa became such a currency. Until 1934, it was relatively independent and had a certain gold content (1.5048 g of pure gold), later a firm 1:1 ratio with the US dollar was established, which has been maintained to this day.