Category:Currency introduced in 1993
Pages in category "Currency introduced in 1993"
The following 12 pages are in this category, out of 12 total. This list may not reflect recent changes (learn more).
The following 12 pages are in this category, out of 12 total. This list may not reflect recent changes (learn more).
1. Georgian lari – The lari is the currency of Georgia. It is divided into 100 tetri, the name lari is an old Georgian word denoting a hoard, property, while tetri is an old Georgian monetary term used in ancient Colchis from the 6th century BC. Earlier Georgian currencies include the maneti and abazi, Georgia replaced the Russian ruble on 5 April 1993, with Kuponi at par. This currency consisted only of banknotes, had no subdivisions and suffered from hyperinflation, notes were issued in denominations between 1 and 1 million Kuponi, including the somewhat unusual 3,3000,30,000 and 150,000 Kuponi. On 2 October 1995, the government of Eduard Shevardnadze replaced the provisional coupon currency with the Lari and it has remained fairly stable since then. On 8 July 2014, Giorgi Kadagidze, Governor of the National Bank of Georgia, introduced the proposal for the sign of the national currency to the public. The Georgian lari had its own sign, the NBG announced the Lari sign competition in December 2013. The Lari sign is based on an arched letter ლ of the Georgian script and it is common in international common practice for a currency sign to consist of a letter, crossed by one or two parallel lines. Two parallel lines crossing the letter Lasi are the components of the Lari sign. The so-called “leg” of the letter, represented by a line, is a necessary attribute of the sign. The form of the letter is transformed in order to simplify its perception and implementation as a Lari sign, ten lari notes are produced by Polish Security Printing Works. Economy of Georgia Georgian money, National Bank of Georgia Banknotes of Georgia, Georgian Lari Catalog Coins of Georgia at CISCoins. net
2. Kazakhstani tenge – The tenge is the currency of Kazakhstan. It is divided into 100 tïın, after the collapse of the Soviet Union, attempts were made by most republics to maintain a common currency. Some politicians were hoping to at least maintain special relations among former Soviet republics, other reasons were the economic considerations for maintaining the ruble zone. The wish to preserve strong trade relations between former Soviet republics was considered the most important goal, the break-up of the Soviet Union was not accompanied by any formal changes in monetary arrangements. The Central Bank of Russia was authorized to take over the State Bank of the USSR on 1 January 1992. It continued to ship USSR ruble notes and coins to the banks of the fourteen newly independent countries. The political situation, however, was not favorable for maintaining a common currency and these conditions were far from being met amidst the turbulent economic and political situation. During the first half of 1992, a union with 15 independent states all using the ruble existed. Since it was clear that the situation would not last, each of them was using its position as free-riders to issue huge amounts of money in the form of credit. As a result, some countries were issuing coupons in order to protect their markets from buyers from other states, the Russian central bank responded in July 1992 by setting up restrictions to the flow of credit between Russia and other states. The final collapse of the zone began when Russia pulled out with the exchange of banknotes by the Central bank of Russia on Russian territory at the end of July 1993. As a result, Kazakhstan and other still in the ruble zone were pushed out. On November 12,1993, a decree of the President of Kazakhstan, the tenge was introduced on 15 November 1993 to replace the Soviet ruble at a rate of 1 tenge =500 rubles. In 1991 a special group of designers was created, Mendybay Alin, Timur Suleymenov, Asimsaly Duzelkhanov, as such, November 15 is celebrated as the Day of National Currency of Republic of Kazakhstan. In 1995, a printing factory was opened in Kazakhstan. The first consignment of tenge was printed abroad, in the UK, the first coins were minted in Germany. The word tenge in the Kazakh and most other Turkic languages means a set of scales, the origin of the word is the Turkic teŋ- which means being equal, balance. The name of currency is thus similar to the lira, pound
3. Kyrgyzstani som – The som is the currency of the Kyrgyz Republic. The ISO4217 currency code is KGS, the som is sub-divided into 100 tyiyn. After the collapse of the Soviet Union attempts were made by most republics to maintain a common currency, certain politicians were hoping to at the very least maintain special relations among former Soviet republics, or the near abroad. Another reason were the economic considerations for maintaining the ruble zone, the wish to preserve the strong trade relations between former Soviet republics was considered the most important goal. The break-up of the Soviet Union was not accompanied by any changes in monetary arrangements. The Central Bank of Russia was authorized to take over the State Bank of the USSR on 1 January 1992. It continued to ship USSR ruble notes and coins to the banks of the fourteen newly independent countries. The political situation, however, was not favorable for maintaining a common currency and these conditions were far from being met amidst the turbulent economic and political situation. During the first half of 1992, a union with 15 independent states all using the ruble existed. Since it was clear that the situation would not last, each of them was using its position as free-riders to issue huge amounts of money in the form of credit. As a result, some countries were issuing coupons in order to protect their markets from buyers from other states, the Russian central bank responded in July 1992 by setting up restrictions to the flow of credit between Russia and other states. The final collapse of the zone began when Russia pulled out with the exchange of banknotes by the Central Bank of Russia on Russian territory at the end of July 1993. The som was introduced on May 10,1993, replacing the Soviet ruble at a rate of 1 som =200 rubles, initially only banknotes were issued, coins were not introduced until 2008. The word som means pure in Kazakh, Kyrgyz, Uyghur and Uzbek, circulation coins were first introduced in January 2008, making Kyrgyzstan second to last of the former Soviet republics to issue them. Belarus became the last of the former Soviet republics that did not issue coins for circulation until the July 1,2016 revaluation of their currency. This move came with growing demand from vendors for coins, especially from slot machine industries, the coins were issued in denominations of 10 and 50 tiyin made of brass-plated steel, and 1,3 and 5 som, made of nickel-plated steel. A nickel-plated steel 10 som coin was issued a year later for 2009, all coins are minted by the Kazakhstan mint in Ust-Kamenogorsk and bear some resemblance to coins of the Russian Federation in their design. There are several commemorative non circulation coins made of silver and gold, on 10 May 1993, the government issued 1,10 and 50 tyiyn notes and the Kyrgyzstan Bank issued notes for 1,5 and 20 som
4. Macedonian denar – The denar is the currency of the Republic of Macedonia. It is subdivided into 100 deni, the first Macedonian denar was established on 26 April 1992. It replaced the 1990 version of the Yugoslav dinar at par, in May 1993, the currency was reformed. A new denar was introduced, with one new denar being equal to 100 old denari, the name denar comes from the name of the ancient Roman monetary unit, the denarius. The currency symbol is ден, the first three letters of its name, the first denar was a temporary currency introduced in April 1992 to establish the monetary independence of the Republic of Macedonia. It replaced the Yugoslav dinar at par, the Republic of Macedonia declared independence from Yugoslavia on 8 September 1991. At the time the country was using the Yugoslav dinar, secret preparations were started to introduce its own currency. In April 1992 the country was ready to acquire independence from Yugoslavia. On 26 April the national bank was established and the declared the currency of the country. Notes entered circulation the next day and on 30 April the Yugoslav dinar ceased to be legal tender, the first denar was replaced at a rate of 100 to 1 by a new, permanent, denar consisting of notes and coins in May 1993. No coins were issued for the first denar, temporary notes were introduced on 27 April 1992, although preparations for producing them began much earlier. They remained in circulation until replaced by permanent notes of the second denar during 1993, the notes were printed by the printing firm “11 October” in Prilep. Printing started on 15 January 1992, the difficulties of creating a new currency in secret is reflected in the notes themselves. The paper, which was purchased from Slovenia, proved to be of poor quality, although denominated in denari, the name of the currency does not appear on the notes because they were printed prior to the adoption of the Law on the Monetary Unit. Likewise, the issuer appears as the National Bank of Republic of Macedonia, not its successor, the notes were designed by a young employee of the 11 October printer. He had only one week to them and not a very large budget. That is why the six lowest denominations are identical with the exception of their colors. ”The denar was introduced with an exchange rate against the German Mark of 360 denars to the mark. In May 1993, coins for the second denar were introduced in denominations of 50 deni,1,2,10 and 50 denari coins were introduced in November 2008
5. Moldovan leu – The leu is the currency of Moldova. Like the Romanian leu, the Moldovan leu is subdivided into 100 bani, the name of the currency originates in Romania and means lion. Between 1918 and 1940 and again between 1941 and 1944, when Moldova was part of Romania, the Romanian leu was used in what was then the part of the broader Romanian region of Moldavia. The Moldovan leu was established on 29 November 1993, following the collapse of the Soviet Union and it replaced the temporary cupon currency at a rate of 1 leu =1000 cupon. In Transnistria, an unrecognized state claimed in whole by Moldova, the currency is not honoured by Moldova or any other state. In November 1993 coins of 1,5,10,25 and 50 bani in aluminium as well as nickel-plated-steel 1 and 5 leu coins were put in circulation, the aluminium 50 bani, nickel-plated-steel 1 and 5 leu coins were later withdrawn from circulation. Starting January 1998 the aluminium 50 bani was replaced by one constructed of brass-clad steel, no new 1- and 5 leu coins have been issued. 1-Ban coins were last minted in 2006 and they remain legal tender, but are rarely seen in circulation, effectively leading to Swedish rounding. Since 1996 several commemorative coins for collectors have been issued, a complete listing can be found here. There have been two series of Moldovan leu banknotes, the first series was short-lived and only included 1,5, and 10 lei. The front of all of these notes—and all subsequent notes—feature a portrait of Ștefan cel Mare, the first two lines of the Miorița ballad appear on the back, printed vertically between the denomination numeral and the vignette of the fortress. The Miorița is an old Romanian pastoral ballad considered one of the most important pieces of Romanian folklore. The lines “Pe-un picior de plai, Pe-o gură de rai” translate as “Near a low foothill, the first two lines of the Miorița ballad are written in the white circle on the front side of each banknote. On the back side of all the banknotes there are depicted Trajans Column, economy of Moldova Coins of Moldova at CISCoins. net Catalog of Banknotes of Moldova
6. Turkmenistan manat – The manat is the currency of Turkmenistan. It was introduced on 1 November 1993, replacing the Russian ruble at a rate of 1 manat =500 rubles, the ISO4217 code was TMM, and the manat was subdivided into 100 tenge. The abbreviation m is used, e. g.25000 m is twenty-five thousand manat. On January 1,2009, the new manat was introduced with ISO4217 code TMT at the rate of 5000 old manat to 1 new manat, the word manat is borrowed from the Russian word монета moneta meaning coin. Likewise, manat was the name of the Soviet ruble in both Azeri and Turkmen, in 1993, coins were introduced in denominations of 1,5,10,20 and 50 tenge. The 1,5 and 10 tenge were struck in copper-plated-steel and this first series of coins was short lived as their metal value soon became worth more than their actual face value. After a period of inflation, new coins of 500 and 1,000 manat were introduced in 1999. All coins of this period had to depict a picture of the president by law, during the monetary reform of 2009, new coins of 1,2,5,10,20 and 50 tenge were issued with bimetallic 1 and 2 manats following in 2010. The 1,2, and 5 tenge are nickel-plated steel while the 10,20, instead of depicting the current head of state the coins feature a map of Turkmenistan with the Independence Tower superimposed in front of it. All circulating coins of Turkmenistan have been minted by the Royal Mint, in 1993, manat notes were introduced in denominations of 1,5,10,20,50,100 and 500 manat, replacing the Soviet ruble. These were followed by notes for 1,000 manat in 1995 and 5,000 and 10,000 manat in 1996. In 2005, a new series of notes was introduced in denominations of 50,100,500,1,000,5,000 and 10,000 manat. All notes, with exception to only the 1 and 5 manats bear a portrait of former president Saparmurat Niyazov, all Turkmen banknotes are produced by the De La Rue printing and banknote company. In 2005, a new series of banknotes was introduced. The series of notes was introduced in denominations of 50,100,500,1,000,5,000 and 10,000 manat, two new coins were also introduced in only two denominations,500 and 1,000 manat. Both the first and second issue manat banknotes circulated in tandem until the issue of the Second Manat issue in 2009. After hyperinflation significantly devalued the currency, a new manat with an exchange rate was introduced. The banknotes are printed in denominations of 1,5,10,20,50,100, the 500 manat notes have not yet been released into circulation
7. Yemeni rial – The rial or riyal is the currency of Yemen. It is technically divided into 100 fils, although coins denominated in fils have not been issued since Yemeni unification, as Yemen progressed, it developed its own legal currency. After the union between the North and the South in 1990, both the northern rial and the southern dinar remained legal tender during a period, with 1 dinar exchanged for 26 rials. On 11 June 1996, the dinar was withdrawn from circulation, in 1993, the first coins were issued for the Republic of Yemen. The value of the Yemeni rial against the United States dollar dropped compared to 12.01 rials per dollar in early the 1990s. Since the mid-1990s the Yemeni rial has been freely convertible, though it dropped from YER20 to approximately YER215 against the U. S. dollar since then, the rial has been stable for several years. However, since 2010 the Central Bank of Yemen had to several times. When Yemen unified, coins had been issued in North Yemen in denominations of 1,5,10,25 and 50 fils and 1 rial, the fils denominations have all disappeared from circulation. In 1993, new coins were introduced by the Central Bank of Yemen in denominations of 1 and 5 rials and these were followed by 10 rials coins in 1995 and 20 rials in 2004. At the time of unification, Central Bank of Yemen notes in circulation were 1,5,10,20,50 and 100 rials. In 1993, the 1 and 5 rials notes were replaced by coins, in 1996,200 rials notes were introduced, followed by 500 rials in 1997 and 1000 rials in 1998. The 20 rials notes were replaced by coins in 2004, in addition, a 250 rial banknote was issued on November 14,2009. Economy of Yemen Ahmed A AL-Samawi
8. Armenian dram – The dram is the monetary unit of Armenia. It is subdivided into 100 luma, the word dram translates into English as money and is cognate with the Greek drachma and the Arabic dirham. The first instance of a currency was in the period from 1199 to 1375. On 21 September 1991, a referendum proclaimed Armenia as an independent republic from the Soviet Union. The Central Bank of Armenia, established on 27 March 1993, was given the right of issuing the national currency. In the immediate aftermath of the collapse of the Soviet Union attempts were made to maintain a common currency among CIS states, however it soon became clear that maintaining a currency union in the unstable political and economical circumstances of the post-Soviet states would be very difficult. The rublezone effectively collapsed with the monetary reform in Russia,1993. As result the states that were still participating were pushed out, Armenia was one of the last countries to do so when it introduced the dram on 22 November 1993. In 1995 the currency sign for the Armenian dram was designed. The Armenian dram sign is the sign of the Armenian dram. In Unicode, it is encoded at U+058F ֏ ARMENIAN DRAM SIGN, after its proclamation of independence, Armenia put into circulation its own national currency – Armenian Dram, the usage of which revealed the necessity for a monetary sign. As the result of business practice and the unique pattern of Armenian letters the shape of the sign. Since that time and until the endorsement of the sign a number of artists. Now the Sign is present in the Armenian standard for the characters and symbols. The Armenian dram is also used in the de facto independent Nagorno-Karabakh Republic, a separate currency, the Nagorno-Karabakh dram, which circulates together with the Armenian dram was introduced during 2005. Coins and banknotes ranging in nominal values from 50 luma to 10 dram were issued, officially the Nagorno-Karabakh dram is legal tender in both Armenia and Nagorno-Karabakh. In practice it is mostly sold as souvenirs due to the low nominal values of the coins. In 1994, a first series of coins was introduced in denominations of 10,20 and 50 luma,1,3,5 and 10 dram. In 2003 and 2004, a series consisting of 10,20,50,100,200 and 500 dram coins was introduced to replace the first series
9. Namibian dollar – The Namibian dollar has been the currency of Namibia since 1993. It is normally abbreviated with the dollar sign $, or alternatively N$ to distinguish it from other dollar-denominated currencies and it is divided into 100 cents. The dollar replaced the South African rand, which had been the countrys currency while it was under South African rule as South-West Africa from 1920 until 1990. The rand is still tender, as the Namibian dollar is linked to the South African rand. Namibia was also part of the Common Monetary Area from independence in 1990 until the introduction of the dollar in 1993, in 1990, moves were under way to replace the rand with a new Namibian currency. The name kalahar was proposed, as the Kalahari Desert is located in eastern Namibia, the name of Namibias central bank was going to be known as the Namibia Reserve Bank. Denominations of this planned currency included 2,5,10 and these plans came to nothing, but some specimen notes were printed in a range of denominations. The Bank of Namibia issued the first banknotes on 15 September 1993 and, in December, Coins in circulation 5 c 10 c 50 c $1 $5 $10 Years of mintage are 1993,1996,1998,2000,2002,2008,2009 and 2010. However, on 21 March 2012, the Bank of Namibia introduced a new series of banknotes to be issued in May 2012, the new family of banknotes will have the same denomination structure as the current series. The Bank of Namibia has discovered that the diamond-shaped optically variable ink patch on the N$10, the Bank of Namibia has recently issued in limited quantity, the N$10 and N$20 notes on paper with improved quality and shifted the placement of the diamond-shaped optically variable ink feature. The decision then fell in favour of the name ‘dollar’ for the new currency, the proof series consisted of four different coins,1 mark,1 dollar,10 marks and 10 dollars. The obverse of the pieces shows a sitting lion where the dollar pieces depict a San with bow and arrow. All obverse sides bear the indication of denomination as well as the remark ‘PROBE’/‘ESSAI’, the reverse of the 1-mark/1-dollar pieces shows Namibia’s former coat of arms surrounded by the inscription ‘NAMIBIA’, the year and two ears of corn. The ten-mark/ten-dollar pieces bear the inscription ‘INDEPENDENCE’/‘UNABHÄNGIGKEIT’ instead of the ears, there was a series of Namibian pattern coins denominated in South African Rand dated 1990. This short-lived tender was cited in the 2005 edition of Krauses Unusual World Coins
10. Czech koruna – The koruna is the currency of the Czech Republic since 1993, and in English it is sometimes referred to as Czech crown. The koruna is one of European Unions 11 currencies, and the Czech Republic is legally bound to adopt the currency in the future. The official name in Czech is koruna česká, the ISO4217 code is CZK and the local acronym is Kč, which is placed after the numeric value. One koruna equals 100 haléřů, but haléře have been withdrawn, in 1892, the Austro-Hungarian krone replaced the Gulden, at the rate 1 Gulden =2 crowns. The name Krone was invented by the emperor, Franz Joseph I of Austria, after Austria-Hungary dissolved in 1918, the only successor state that kept the name of the currency, the crown, was Czechoslovakia. In the late 1920s, the Czechoslovak crown was the hardest currency in Europe, during the Second World War, the currency on the occupied Czech territory was artificially weakened. The Czechoslovak crown was restored after the war and it underwent a highly controversial monetary reform in 1953. The Czech koruna replaced the Czechoslovak koruna when it was introduced in 1993 after the dissolution of Czechoslovakia and it first consisted of overstamped 20,50,100,500, and 1000 Czechoslovak koruna banknotes, but a new series was properly introduced in 1993. In November 2013, the Czech National Bank has intervened to weaken the exchange rate of the koruna through a monetary stimulus in order to stop the currency from excessive strengthening, in late 2016, the CNB stated that the return to conventional monetary policy was planned for mid-2017. After high-than-expected inflation and other figures, the bank removed the floor on a special monetary meeting on April 6th,2017. Avoiding significant volatility, the koruna gradually strengthened 1. 55% on that day, the Czech Republic planned to adopt the euro in 2010, but its government suspended that plan indefinitely in 2005. Although the country is well positioned to adopt the euro. According to a survey conducted in April 2014, only 16% of the Czech population was in favour of replacing the koruna with euro. In 1993, coins were introduced in denominations of 10,20 and 50 haléřů,1,2,5,10,20 and 50 korun, in 2000, the 10 and 20 korun coins were minted with different obverses to commemorate the Millennium. In 1993 &1994 coins were minted in Winnipeg and Hamburg, all circulation coins were designed by Ladislav Kozak. Since 1997, sets for collectors are also issued yearly with proof quality coins, theres also a tradition of issuing commemorative coins – including silver and gold coins – for numismatic purposes. For a complete listing see, Commemorative coins of the Czech Republic, the first Czech banknotes issued on 8 February 1993 consisted of Czechoslovak notes with adhesive stamps affixed to them. Only the 100,500 and 1000 korun denominations were overstamped, each stamp bears a Roman and Arabic number identifying the denomination of the banknote to which it is affixed
11. Uruguayan peso – This article is about the present currency of Uruguay. For Uruguays earlier monetary history, see Currency of Uruguay, Uruguayan peso has been a name of the Uruguayan currency since Uruguays settlement by Europeans. The present currency, the peso uruguayo was adopted in 1993 and is subdivided into 100 centésimos, Uruguay obtained monetary stability in 1896, based on the gold standard. This favorable state of affairs ended after World War I, economic difficulties after World War II produced inflation, which became serious after 1964 and continued into the 1970s. The peso was replaced on 1 July 1975 by the peso at a rate of 1 new peso for 1000 old pesos. The nuevo peso was subdivided into 100 centésimos. After further inflation, the peso uruguayo replaced the peso on March 1,1993. Uruguayans became accustomed to the constant devaluation of their currency, Uruguayans refer to periods of real appreciation of the currency as atraso cambiario, which literally means that the exchange rate is running late. As a consequence of the instability of the currency, prices for most big-ticket items are denominated in U. S. dollars. During the military rule, the peso was on a peg to the dollar. A table of the value of the dollar was published daily by the government. In 1982, the currency was devalued, throwing thousands of companies, in the 1990s, a new mechanism to provide predictability was introduced, this time in the form of a sliding range, with top and bottom margins, at which the government would intervene. In 2004 a phenomenon completely new to most Uruguayans developed, the currency appreciated in nominal terms against the US dollar, by 2008 the peso reached 19 to the US dollar, recovering more than half of its loss during the crisis. This revaluation brought protests from the sector, which felt that it lost competitiveness. The government hopes that a currency will de-dollarize the economy. In 1994, stainless-steel 10,20 and 50 centésimos and brass 1 and 2 pesos uruguayos were introduced,5 and 10 pesos uruguayos were introduced in 2003 and 2000, respectively. The coins replaced same value notes, coins in circulation are,1 peso uruguayo 2 pesos uruguayos 5 pesos uruguayos 10 pesos uruguayos 50 pesos uruguayos In July 2010,50 centésimos coins were withdrawn from circulation. New 1,2,5, and 10 pesos coins were introduced in January 2011