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 division	Gold content (in g of pure gold) on Dec. 16, 1971	Per 1, 100, or 1,000 national monetary units	In rubles
¹Franc of the African Financial Community-Communaute africanine
Afghanistan...............	Afghani = 100 puls	0.0197482	100	2.01
Albania...............	Lek = 100 qintars	—	100	18.00
Algeria...............	Algerian dinar=100 centimes	0.180	100	18.23
Argentina...............	New Argentine peso =100 centavos	—	100	16.58
Australia, Commonwealth of...............	Australian dollar=100 cents	0.99531	1	1.01
Austria...............	Austrian shilling=100 groschen	0.0359059	100	3.63
Barbados...............	Eastern Caribbean dollar = 100 cents	0.444335	—	—
Belgium...............	Belgian franc = 100 centimes	00177734	100	1.85
Bolivia...............	Bolivian peso = 100 centavos	—	—	—
Brazil...............	New cruzeiro = 100 centavos	—	—	—
Bulgaria...............	Lev = 100 stotinki	0.759548	100	76.92
Burma...............	Kyat = 100 pyas	0.186621	100	15.52
Burundi...............	Burundian franc = 100 centimes	0.0101562	—	—
Cambodia...............	Riel = 100 sen	0.016	100	0.64
Cameroon...............	CFA franc¹ = 100 centimes	—	—	—
Canada...............	Canadian dollar = 100 cents	—	100	88.78
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 fen	—	100	45.00
Colombia...............	Colombian peso = 100 centavos	—	—	—
Congo (People’s Republi of the Congo)...............	CFA franc¹ = 100 centimes	—	—	—
Costa Rica...............	Colon = 100 centimos	0.134139	—	—
Cuba...............	Cuban peso = 100 centavos	0.888671	1	0.90
Cyprus...............	Cypriot pound = 100 mils	2.13281	—	—
Czechoslovakia...............	Czechoslovak koruna = 100 halers	0.123426	100	12.50
Dahomey...............	CFA franc¹ = 100 centimes	—	—	—
Denmark...............	Danish krone = 100 Ore	0.118489	100	11.88
Dominican Republic...............	Dominican peso = 100 centavos	0.888671	—	—
Ecuador...............	Socre = 100 centavos	0.0355468	—	—
Egypt, Arab Republic of...............	Egyptian pound = 100 piasters = 1,000 milliemes	2.55187	1	2.08
El Salvador...............	Colon = 100 centavos	0.355468	—	—
Equatorial Guinea...............	Guinean peseta = 100 centimos	—	—	—
Ethiopia...............	Ethiopian dollar = 100 cents	0.355468	100	36.00
Finland...............	Finnish markka = 100 pennia	0.211 590	100	20.22
France...............	French franc = 100 centimes	0.160	100	16.20
Gabon...............	CFA franc¹ = 100 centimes	—	—	—
Gambia...............	Dalasi = 100 butut	0.426562	—	—
Germany, Federal Republic of...............	FRG mark = 100 pfennigs	0.242806	100	25.72
German Democratic Republic...............	GDR mark = 100 pfennigs	0.399902	100	40.50
Ghana...............	New cedi = 100 pesewas	0.870897	1	0.46
Great Britain...............	Pound sterling = 100 pence	2.13281	1	2.16
Greece...............	Drachma = 100 lepta	0.0296224	100	3.01
Guatemala...............	Quetzal = 100 centavos	0.888671	—	—
Guinea...............	Guinean franc = 100 centimes	0.0036	1.000	3.65
Guyana...............	Guyanese dollar = 100 cents	0.444335	—	—
Haiti...............	Gourde = 100 centimes	0.177734	—	—
Honduras...............	Lempira = 100 centavos	0.444335	—	—
Hungary...............	Forint = 100 filler	0.0757	100	7.67
Iceland...............	Icelandic krona = 100 aurar	0.0100985	100	0.94
India...............	Indian rupee = 100 paise	0.118489	100	11.39
Indonesia...............	Indonesian rupiah = 100 sen	—	1.000	2.17
Iran...............	Iranian rial = 100 dinars	0.0117316	100	1.19
Iraq...............	Iraqi dinar = 1 000 fils	2.48828	1	2.52
Ireland...............	Irish pound = 100 pence	2.13281	—	—
Israel...............	Israeli pound = 100 agorot	0.211588	—	—
Italy...............	Italian lira = 100 centesimi	0.00142187	1.000	1.43
Ivory Coast...............	CFA franc¹ = 100 centimes	—	—	—
Jamaica...............	Jamaican dollar = 100 cents	1.06641	—	—
Japan...............	Yen = 100 sen	0.00246853	1.000	2.69
Jordan...............	Jordanian dinar = 10 dirham = 100 piasters =1,000 fils	2.48828	—	—
Kenya..............	Kenyan shilling = 100 cents	0.124414	—	—
Korea (KPDR)..............	Won = 100 chon	—	100	74.93
Korea, South...	Won=100 chon	—	—	—
Kuwait..............	Kuwaiti dinar=10 dirham=1,000 fils	2.48828	—	—
Laos..............	Kip=100 at	—	—	—
Lebanon..............	Lebanese pound =100 piasters	—	100	28.04
Lesotho..............	South African rand = 100 cents	1.24414	—	—
Liberia..............	Liberian dollar=100 cents	0.888671	—	—
Libya..............	Libyan dinar=1,000 dirham	2.48828	1	2.52
Luxembourg..............	Luxembourgian franc=100 centimes	0.0177734	—	—
Malagasy Republic..............	Malagasy franc =100 centimes	—	—	—
Malawi..............	Kwacha=100 tambala	1.06641	—	—
Malaysia..............	Malaysian dollar=100 cents	0.290299	100	29.40
Maldives..............	Maldivian rupee =100 lari	—	—	—
Mali..............	Malian franc=100 centimes	—	1,000	1.62
Malta..............	Maltese pound =20 shillings=240 pence	2.13281	—	—
Mauritania..............	CFA franc¹ =100 centimes	—	—	—
Mauritius..............	Mauritian rupee =100 cents	—	—	—
Mexico..............	Mexican peso = 100 centavos	0.0710937	100	7.21
Mongolian People’s Republic..............	Tughrik=100 mongo	0.222168	100	22.50
Morocco..............	Dirham = 100 Moroccan francs	0.175610	100	17.78
Nepal..............	Nepalese rupee =100 paise	0.08777	100	8.89
Netherlands..............	Gulden (florin)=100 cents	0.245489	100	25.55
New Zealand..............	New Zealand dollar=100 cents	0.995310	1	1.01
Nicaragua..............	Corooba = 100 cents	0.126953	—	—
Niger..............	CFA franc¹ = 100 centimes	—	—	—
Nigeria..............	Nigerian pound =20 shillings= 240 pence	2.48828	—	—
Norway..............	Norwegian krone=100 ore	0.124414	100	12.47
Pakistan..............	Pakistani rupee=100 paisa	0.186621	100	17.41
Panama..............	Balboa=100 centesimos; US dollar =100 cents	0.888671	—	—
Paraguay..............	Guarani=100 centimes	—	—	—
Peru..............	Sol =100 centavos	—	—	—
Philippines..............	Philippine peso=100 centavos	—	—	—
Poland..............	Zloty=100 groszy	0.222168	100	22.50	Portugal..............	Portuguese escudo=100 centavos	0.0309103	—	—
Rumania..............	Leu=100 bani	0.148112	100	15.00
Rwanda..............	Rwandan franc = 100 centimes	0.0088867	—	—
Saudi Arabia..............	Saudi riyal= 20 qurush=100 halala	0.197482	—	—
Senegal..............	CFA franc =100 centimes	—	—	—
Sierra Leoneo..............	Leone=100 cents	1.06641	—	—
Singapore..............	Singapore dollar=100 cents	0.290299	100	29.40
Somalia..............	Somalian shilling=100 cents	0.124414	100	12.60
South Africa, Republic of..............	Rand=100 cents	1.24414	—	—
Spain..............	Spanish peseta=100 centimes	0.0126953	—	—
Sri Lanka..............	Sri Lanka rupee = 100 cents	—	100	13.93
Sudan..............	Sudanese pound =100 piasters 1,000 milliemes	2.55187	1	2.59
Sweden..............	Swedish krona=100 ore	0.171783	100	17.22
Switzerland..............	Swiss franc=100 centimes (rappen)	0.21759	100	22.03
Syria..............	Syrian pound = 100 piasters	—	100	23.68
Tanzania..............	Tanzanian shilling=100 cents	0.124414	—	—
Thailand	Baht (tical)=100 satang	0.0427245	—	—
Togo..............	CFA franc¹ = 100 centimes	—	—	—
Tonga..............	Paanga (or Tongan dollar) 100 seniti	0.995310	—	—
Trinidad and Tobago..............	Trinidad-Tobago dollar=100 cents	0.444335	—	—
Tunisia..............	Tunisian dinar=1,000 millimes	1.69271	1	1.71
Turkey.............	Turkish lira (or pound)- 100 kurus (or pilasters)=4,000 para	0.0592447	100	6.00
Uganda.............	Ugandan shilling=100 cents	0.124414	—	—
United Arab Emirates.............	Qatar-Dubai rival - 100 dirhaM; BahrainI dinar=1,000 fils	0.186621	—	—
Upper Volta.............	CFA franc¹ = 100 centimes	—	—	—
Uruguay.............	Uruguayan peso = 100 centesimos	—	100	0.24
USA.............	US dollar=100 cents	0.888671	100	82.90
USSR.............	Ruble=100 kopeks	0.987412	—	—
Venezuela.............	Bolivar=100 centimes	—	—	—
Vietnam (DRV)	Dong=10 hao 100 sy	—	100	30.60
Vietnam, South...........	Piaster=100 cents	—	—	—
Yemen Arab Republic...........	Rial=100 buqshas	—	100	16.61
Yemen, People’s Democratic Republic of...........	South Yemenite dinar = 1,000 fils	2.13281	1	2.16
Yugoslavia...........	Yugoslav dinar (new)= 100 para	0.0592447	100	4.88
Zaire...........	Zaire = 100 makuta = 10,000 sengi	1.77734	—	—
Zambia...........	Kwacha=100 ngwee	1.24414	—	—