Spain celebrates the "European heritage" and Francisco de Orellana with a coins

Spain celebrates the "European heritage" and Francisco de Orellana with a coin With EHA/36/2011 order on 10 January, it was agreed the issue, minting of collector coins with the motto "European heritage."
With this slogan is issued the eighth series of collector coins of Europe Programme. The issue is dedicated to Francisco de Orellana, discoverer of the Amazon River in the V Centenary of birth.
Features. 200 euro currency face value (4 shields, gold 999 ms). Tolerance Law: Minimum 999 ms. Weight: 13.5 grams with a tolerance of plus or minus 0.20 grams. Diameter: 30 mm. Shape: Circular with fluted edge. Quality: Proof.
Description: On the obverse is the effigy of King Juan Carlos. Surrounding it, in a circular motion and in capital letters, is the legend KING JUAN CARLOS I OF SPAIN. In the bottom of the coin between two points is the year of issue, 2011. Motifs and legends surrounding a pearl beading.
In The reverse, left, a picture of Francisco de Orellana, on the right, the image of a boat captained by explorer Extremadura, on this, the common brand name adopted by the countries issuing coins dedicated to the Program Europe underneath the boat, the mint mark. In the top right of the coin, in two lines and in capital letters, appears the figure of value, 200 EURO, in the bottom of the coin, in a circular, figure legend Francisco de Orellana. Motifs and legends surrounding a pearl beading.

10 euro coin face value (8 real silver of 925 parts per thousand, the remainder being copper). Tolerance Act: Minimum of 925 mil. Weight: 27 g with a tolerance of plus or minus 0.27 g. Diameter: 40 mm. Shape: Circular with fluted edge. Quality: Proof.
Description: On the obverse is the effigy of King Juan Carlos. Surrounding it, in a circular motion and in capital letters, is the legend KING JUAN CARLOS I OF SPAIN. In the bottom of the coin between two points is the year of issue, 2011. Motifs and legends surrounding a pearl beading.
In The reverse, left, a picture of Francisco de Orellana, on the right, the image of a boat captained by explorer Extremadura, on this, the common brand name adopted by the countries issuing coins dedicated to the Program Europe underneath the boat, the mint mark. In the top right of the coin, in two lines and in capital letters, appears the figure of value, 10 EURO, in the bottom of the coin, in a circular, figure legend Francisco de Orellana. Motifs and legends surrounding a pearl beading.
The initial date of issuance is the first quarter of 2011.
Face value    Denomination   Circulation      Price4 Escudos          200 euros       3000             630 euros8 reales              10 euro           12 000             48 euros

Balboa returns to Panama

Panamanian authorities have confirmed that prepare Balboa coinage, the national currency to circulate alongside the U.S. dollar. The head of the Procurement and Contracting Unit, Ministry of Economy and Finance, José Ramón Fernández, said the project foresees the designation coinage of one and two Dollars.

The proposal supports the circulation of coins with the same nominal value of the dollar to reduce costs by managing the foreign currency as legal tender in Panama since 1904, has served the international banking system development.

Today, Panama coins minted 50, 25, 10, five cents and a penny for the same weight and size of its U.S. peers, but not until now that boom takes the initiative to be put into circulation the balboa.

Early Dollars printed on paper or metal wedged circular stopped decades ago, when the Panamanian economy was still small and became overwhelming presence of the dollar. Fernández predicted that "all banks established in Panama accepted the new balboa and use it with the same nominal value of the U.S. dollar without restriction, as it is done with free circulation coins.

Some people consulted by the page Américaeconomica.com considered that this is an unrealistic step and do not opt for replacement. Gustavo Chacin, V Finance invesment, receurda that Panama has no central bank and that "the replacement of the dollar is not viable. It would be suicide for the country because you do not.The debt is dollarized, so that replacement by balboa no sense. "

Chacin believes this is an issue returns to the debate every so often. "It's a nationalistic debate meaningless, he said. The dollar came into force in Panama when Panama's economy was still small and it was overwhelming presence of the dollar. At present, the country's economy reached 20,000 million dollars of GDP, which, according Chacin, remains low.

Minister Fernandez said that the Panamanian government to the United States pays a high cost for the return of damaged notes, and they have a lifespan of nine months to a year ago. Panama added that the dollar it costs to acquire the United States. However, to circulate the U.S. dollar in Panama, Mexico, through the National Bank of Panama to purchase face value in its various denominations, and must bear all freight and insurance costs implicit in the import operation themselves.

The same occurs with the U.S. dollar coins because they are the owners of the right of the perceived usefulness of the cost of minting the coin and the face or nominal value that represents the same, which is known as seigniorage .

Panama only get seigniorage in national currencies are balboa Dollars or fractions, ie when the service contract coinage minting a house.

In that sense, Panama only benefits from seigniorage (which can be very significant in currencies like one or two Dollars and it is planned), when asked to mint its own coins to a mint instead of importing all euro notes and coins from the United States of America, and give all this utility to the U.S. government.

New 2000 pesos in Colombia

The Bank of the Republic of Colombia put into circulation, the newbill of 2,000 dollars which has a trademark for the Blind, located onthe left side and in high relief that corresponds to the number "2" in Braille.
This ticket has the same design and same security system as above.
In Bogotá this new version (braille) entered service on December 28, 2010, with an edition of 100 million units, two thousand.Throughout the month of January will be distributed in the differentbranches of the Bank of the Republic.
Currently, the only bills that have Braille are 50 thousand dollars tohave the number 50 on the lower face of the ticket, along with theserial number, also in relief.
According to the Issuer, gradually all tickets will be modified withBraille.