Monetary Units of the Countries of the World

The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Monetary Units of the Countries of the World

 

a price standard that is established by a country’s legislation and represents a set weight quantity of gold. Table 1 gives data on the existing monetary units in most of the countries of the world.

With regard to Table 1, it should be noted that on Dec. 17-18, 1971, at a conference of the finance ministers of the USA, Canada, Great Britain, France, West Germany, Italy, Belgium, the Netherlands, Sweden, and Japan, an agreement was reached to devalue the American dollar (by 7.89 percent) while revaluing (increasing the exchange rates of) the currencies of Japan and a number of countries of Western Europe. Transactions with dollars beginning at the end of December 1971 took into account the declared amount of the devaluation. Following the dollar devaluation, the currencies of most of the member countries of the International Monetary Fund were devalued. Great Britain, France, Switzerland, the franc-zone countries, and some other countries did not change the gold content of their currencies. The gold content of the Soviet ruble and of the currencies of other socialist countries (except Yugoslavia) remained as before. At the time of publication of this volume of the Great Soviet Encyclopedia (1972 in the Russian version), the new gold content of the devalued and revalued currencies had not been officially announced.

Table 1. Monetary units of the countries of the world
  Gold
content
(in g
of pure
gold) on
Dec. 16,
1971
USSR State Bank exchange rate on Jan, 1, 1972
 Monetary unit and its divisionPer 1, 100,
or 1,000
national
monetary units
In
rubles
1Franc of the African Financial Community-Communaute africanine
Afghanistan...............Afghani = 100 puls0.01974821002.01
Albania...............Lek = 100 qintars10018.00
Algeria...............Algerian dinar=100 centimes0.18010018.23
Argentina...............New Argentine peso =100 centavos10016.58
Australia, Commonwealth of...............Australian dollar=100 cents0.9953111.01
Austria...............Austrian shilling=100 groschen0.03590591003.63
Barbados...............Eastern Caribbean dollar = 100 cents0.444335
Belgium...............Belgian franc = 100 centimes001777341001.85
Bolivia...............Bolivian peso = 100 centavos
Brazil...............New cruzeiro = 100 centavos
Bulgaria...............Lev = 100 stotinki0.75954810076.92
Burma...............Kyat = 100 pyas0.18662110015.52
Burundi...............Burundian franc = 100 centimes0.0101562
Cambodia...............Riel = 100 sen0.0161000.64
Cameroon...............CFA franc1 = 100 centimes
Canada...............Canadian dollar = 100 cents10088.78
Central African Republic...............CFA franc1 = 100 centimes
Chad...............CFA franc1 = 100 centime s
Chile...............Chilean escudo = 100 centesimos = 1,000 milesimos
China, People’s Republic of...............Yuan =10 chiao = 100 fen10045.00
Colombia...............Colombian peso = 100 centavos
Congo (People’s Republi of the Congo)...............CFA franc1 = 100 centimes
Costa Rica...............Colon = 100 centimos0.134139
Cuba...............Cuban peso = 100 centavos0.88867110.90
Cyprus...............Cypriot pound = 100 mils2.13281
Czechoslovakia...............Czechoslovak koruna = 100 halers0.12342610012.50
Dahomey...............CFA franc1 = 100 centimes
Denmark...............Danish krone = 100 Ore0.11848910011.88
Dominican Republic...............Dominican peso = 100 centavos0.888671
Ecuador...............Socre = 100 centavos0.0355468
Egypt, Arab Republic of...............Egyptian pound = 100 piasters = 1,000 milliemes2.5518712.08
El Salvador...............Colon = 100 centavos0.355468
Equatorial Guinea...............Guinean peseta = 100 centimos
Ethiopia...............Ethiopian dollar = 100 cents0.35546810036.00
Finland...............Finnish markka = 100 pennia0.211 59010020.22
France...............French franc = 100 centimes0.16010016.20
Gabon...............CFA franc1 = 100 centimes
Gambia...............Dalasi = 100 butut0.426562
Germany, Federal Republic of...............FRG mark = 100 pfennigs0.24280610025.72
German Democratic Republic...............GDR mark = 100 pfennigs0.39990210040.50
Ghana...............New cedi = 100 pesewas0.87089710.46
Great Britain...............Pound sterling = 100 pence2.1328112.16
Greece...............Drachma = 100 lepta0.02962241003.01
Guatemala...............Quetzal = 100 centavos0.888671
Guinea...............Guinean franc = 100 centimes0.00361.0003.65
Guyana...............Guyanese dollar = 100 cents0.444335
Haiti...............Gourde = 100 centimes0.177734
Honduras...............Lempira = 100 centavos0.444335
Hungary...............Forint = 100 filler0.07571007.67
Iceland...............Icelandic krona = 100 aurar0.01009851000.94
India...............Indian rupee = 100 paise0.11848910011.39
Indonesia...............Indonesian rupiah = 100 sen1.0002.17
Iran...............Iranian rial = 100 dinars0.01173161001.19
Iraq...............Iraqi dinar = 1 000 fils2.4882812.52
Ireland...............Irish pound = 100 pence2.13281
Israel...............Israeli pound = 100 agorot0.211588
Italy...............Italian lira = 100 centesimi0.001421871.0001.43
Ivory Coast...............CFA franc1 = 100 centimes
Jamaica...............Jamaican dollar = 100 cents1.06641
Japan...............Yen = 100 sen0.002468531.0002.69
Jordan...............Jordanian dinar = 10 dirham = 100 piasters =1,000 fils2.48828
Kenya..............Kenyan shilling = 100 cents0.124414
Korea (KPDR)..............Won = 100 chon10074.93
Korea, South...Won=100 chon
Kuwait..............Kuwaiti dinar=10 dirham=1,000 fils2.48828
Laos..............Kip=100 at
Lebanon..............Lebanese pound =100 piasters10028.04
Lesotho..............South African rand = 100 cents1.24414
Liberia..............Liberian dollar=100 cents0.888671
Libya..............Libyan dinar=1,000 dirham2.4882812.52
Luxembourg..............Luxembourgian franc=100 centimes0.0177734
Malagasy Republic..............Malagasy franc =100 centimes
Malawi..............Kwacha=100 tambala1.06641
Malaysia..............Malaysian dollar=100 cents0.29029910029.40
Maldives..............Maldivian rupee =100 lari
Mali..............Malian franc=100 centimes1,0001.62
Malta..............Maltese pound =20 shillings=240 pence2.13281
Mauritania..............CFA franc1 =100 centimes
Mauritius..............Mauritian rupee =100 cents
Mexico..............Mexican peso = 100 centavos0.07109371007.21
Mongolian People’s Republic..............Tughrik=100 mongo0.22216810022.50
Morocco..............Dirham = 100 Moroccan francs0.17561010017.78
Nepal..............Nepalese rupee =100 paise0.087771008.89
Netherlands..............Gulden (florin)=100 cents0.24548910025.55
New Zealand..............New Zealand dollar=100 cents0.99531011.01
Nicaragua..............Corooba = 100 cents0.126953
Niger..............CFA franc1 = 100 centimes
Nigeria..............Nigerian pound =20 shillings= 240 pence2.48828
Norway..............Norwegian krone=100 ore0.12441410012.47
Pakistan..............Pakistani rupee=100 paisa0.18662110017.41
Panama..............Balboa=100 centesimos; US dollar =100 cents0.888671
Paraguay..............Guarani=100 centimes
Peru..............Sol =100 centavos
Philippines..............Philippine peso=100 centavos
Poland..............Zloty=100 groszy0.22216810022.50Portugal..............Portuguese escudo=100 centavos0.0309103
Rumania..............Leu=100 bani0.14811210015.00
Rwanda..............Rwandan franc = 100 centimes0.0088867
Saudi Arabia..............Saudi riyal= 20 qurush=100 halala0.197482
Senegal..............CFA franc =100 centimes
Sierra Leoneo..............Leone=100 cents1.06641
Singapore..............Singapore dollar=100 cents0.29029910029.40
Somalia..............Somalian shilling=100 cents0.12441410012.60
South Africa, Republic of..............Rand=100 cents1.24414
Spain..............Spanish peseta=100 centimes0.0126953
Sri Lanka..............Sri Lanka rupee = 100 cents10013.93
Sudan..............Sudanese pound =100 piasters 1,000 milliemes2.5518712.59
Sweden..............Swedish krona=100 ore0.17178310017.22
Switzerland..............Swiss franc=100 centimes (rappen)0.2175910022.03
Syria..............Syrian pound = 100 piasters10023.68
Tanzania..............Tanzanian shilling=100 cents0.124414
ThailandBaht (tical)=100 satang0.0427245
Togo..............CFA franc1 = 100 centimes
Tonga..............Paanga (or Tongan dollar) 100 seniti0.995310
Trinidad and Tobago..............Trinidad-Tobago dollar=100 cents0.444335
Tunisia..............Tunisian dinar=1,000 millimes1.6927111.71
Turkey.............Turkish lira (or pound)- 100 kurus (or pilasters)=4,000 para0.05924471006.00
Uganda.............Ugandan shilling=100 cents0.124414
United Arab Emirates.............Qatar-Dubai rival - 100 dirhaM; BahrainI dinar=1,000 fils0.186621
Upper Volta.............CFA franc1 = 100 centimes
Uruguay.............Uruguayan peso = 100 centesimos1000.24
USA.............US dollar=100 cents0.88867110082.90
USSR.............Ruble=100 kopeks0.987412
Venezuela.............Bolivar=100 centimes
Vietnam (DRV)Dong=10 hao 100 sy10030.60
Vietnam, South...........Piaster=100 cents
Yemen Arab Republic...........Rial=100 buqshas10016.61
Yemen, People’s Democratic Republic of...........South Yemenite dinar = 1,000 fils2.1328112.16
Yugoslavia...........Yugoslav dinar (new)= 100 para0.05924471004.88
Zaire...........Zaire = 100 makuta = 10,000 sengi1.77734
Zambia...........Kwacha=100 ngwee1.24414

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.