AED to GTQ

AED - United Arab Emirates Dirham (د.إ)

The United Arab Emirates dirham is the currency of the United Arab Emirates. The dirham is abbreviated by the currency code AED, and its symbol is د.إ. Unofficial abbreviations include ‘Dhs’ and ‘DH’. The most popular AED exchange is with Indian rupees (INR to AED). The dirham is a fiat currency, and its conversion factor has 6 significant digits.

The Dirham (AED) is the currency of the United Arab Emirates. 1 Dirham = 100 fils. Exchange can be done at a bank, but is less costly at an exchange office. The United Arab Emirates Dirham was pegged to the IMF’s drawing rights in 1978. In 1997 the Dirham was pegged to the US Dollar at 1 USD = 3.6725 dirham.

The United Arab Emirates Dirham is the currency in United Arab Emirates (AE, ARE, UAE). The symbol for AED can be written Dh, and Dhs. The United Arab Emirates Dirham is divided into 100 fils. The exchange rate for the United Arab Emirates Dirham was last updated on Today from The International Monetary Fund. The AED conversion factor has 6 significant digits.

Economy

• The United Arab Emirates is ranked second in the Corporation Council for the Arab States of the Gulf (CCASG).
• Natural gas and petroleum exports play an important role in the economy.
• The service sector is also an important source of income.
• Construction forms a huge part of the economy; there is currently an average of $350 billion in construction projects.
• The United Arab Emirates is part of the World Trade Organization.
• Imports are machinery, manufactured goods, and transport equipment.
• In 2009, 85% of exports were natural resources.
• The United Arab Emirates has the fastest-growing economy in the world.

History

• The original currency in the United Arab Emirates was the Bahraini Dinar.
• Before 1966 the United Arab Emirates used the Gulf Rupee.
• The United Arab Emirates dirham started circulating in December 1971. The dirham replaced the Dubai Riyal as well as the Qatar Riyal at par.
• From 1973 to 1982 the United Arab Emirates issued the Dirham.
• In 1976 the United Arab Emirates minted commemorative coins.
• In the late 1980s a fixed rate was established between the Dirham and the USD.
• 200-dirham denominations were produced only in 1989 and are scarce; however, the 200-dirham was re-introduced in May 2008 in a different color from the original.
• In 1997 the Dirham was pegged to the US Dollar.

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GTQ - Guatemalan Quetzal (Q)

Guatemalan Quetzal

The Quetzal is the official currency of Guatemala, a country in Central America.  Guatemala is bordered by Mexico to the north and west, by the Pacific Ocean to the southwest, by Belize to the northeast, by the Caribbean Sea to the east, and by Honduras and El Salvador to the southeast.

The Guatemalan Quetzal is the currency in Guatemala (GT, GTM). The Guatemalan Quetzal is also known as Quetzals. The symbol for GTQ can be written Q. The Guatemalan Quetzal is divided into 100 centavos. The exchange rate for the Guatemalan Quetzal was last updated on May 24, 2019 from Yahoo Finance. The GTQ conversion factor has 4 significant digits.

Economy

• According to the CIA World Factbook, Guatemala's GDP (PPP) per capita is USD $ 5,000; however, this developing country still faces many social problems and is one of the poorest countries in Latin America.
• Income distribution remains highly unequal, with over half the population living below the national poverty line and just over 400,000 (3.2%) unemployed.
• The service sector is the largest component of GDP at 58.7%, followed by agriculture at 22.1%, and the industrial sector at 19.1% (2006 estimates). Mines produce gold, silver, zinc, cobalt and nickel.
• The agricultural sector accounts for approximately one quarter of GDP, two-fifths of exports and half of the workforce. Organic coffee, sugar, textiles, fresh vegetables, and bananas are the main exports.

History

• The Guatemalan Quetzal was introduced in 1925 during the tenure of President Jose Maria Orellana, whose image still appears on the obverse of the one-quetzal notes.
• The first banknotes were issued by the Central Bank of Guatemala, in denominations of 1, 2, 5, 10, 20 and 100 quetzals; and coins in denominations of 1, 5, 10 cents, ¼, ½ and 1 quetzal.
• 50-quetzal bills were introduced in 1967, and ½ and one-quetzal coins reintroduced in 1990.
• Until 1987, the quetzal was pegged to the US Dollar.

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