South African Rand in Bulgarian Lev

ZAR South African Rand

Country of application:
Namibia, South Africa

Coin denominations in circulation:
5, 2, 1 rand, 50, 20, 10, 5 cents.

Denominations of banknotes in circulation:
200, 100, 50, 20 and 10 rand.

History reference:
The name rand (rand) comes from the name of the mountain range, the name of which sounds like the Witwatersrand (in one of the official languages of South Africa, Afrikaans Witwatersrand). This mount...ain range is located in the South African province of Gauteng, which is famous for the largest gold deposits in the country. The South African rand was first introduced into circulation in February 1961, shortly before the founding of the Republic of South Africa. The rand replaced the South African pound at a rate of 2 rand to 1 pound. Up until the early 1970s, the rand was worth about 1.5 rand to the US dollar. However, in the following decades, the rand quickly depreciated, and at the turn of the 21st century and during the Great Recession, it changed significantly. As the political landscape changed in the early 1990s, the rand slowly depreciated to record lows due to uncertainty. The fall was exacerbated when land reform began in 2001. Shortly after the 9/11 attacks, global uncertainty took its toll and the rand plummeted again to 13 rand per US dollar.

BGN Bulgarian Lev

Country of application:
Bulgaria

Coin denominations in circulation:
1 lion, 50, 20, 10, 5, 2 and 1 stotinka.

Denominations of banknotes in circulation:
100, 50, 20, 10, 5 and 2 levs.

History reference:
Bulgarian Lev. The first coins and banknotes were issued at the end of the nineteenth century. In the everyday life of modern Bulgaria there are seven denominations of coins and six denominations of ...banknotes, sample of 1999. During the first seven or eight years of the existence of the lev, coins made of gold and silver were issued into circulation, and in 1928 the equality “1 lev \u003d 10.8695 mg of gold” was established. The 2nd World War made adjustments to the countrys economy. Occupied Bulgaria exchanged the national lev for the Reichsmark at a rate of 33.0:1. Liberated by the Soviet troops, Bulgaria changed its money again, but this time to the Soviet ruble (15:1). After the end of World War II, within two to three years, the exchange rate of the lev against the dollar rose to the level of 120.00-150.00 leva per dollar. The population did not have the opportunity to freely exchange money, even at such a rate.