ALL to RWF

ALL - Albanian Lek (Lekë)
RWF - Rwandan Franc (RF)
1 ALL1 RWF

Currency conversion rates from ALL to RWF

ALLRWF
1 ALL1 RWF
5 ALL5 RWF
10 ALL10 RWF
20 ALL20 RWF
50 ALL50 RWF
100 ALL100 RWF
250 ALL250 RWF
500 ALL500 RWF
1000 ALL1000 RWF
2000 ALL2000 RWF
5000 ALL5000 RWF
10000 ALL10000 RWF
RWFALL
1 RWF1 ALL
5 RWF5 ALL
10 RWF10 ALL
20 RWF20 ALL
50 RWF50 ALL
100 RWF100 ALL
250 RWF250 ALL
500 RWF500 ALL
1000 RWF1000 ALL
2000 RWF2000 ALL
5000 RWF5000 ALL
10000 RWF10000 ALL

ALL - Albanian Lek (Lek)

Albanian Lek

The official currency of Albania is the Lek (ALL). The currency symbol for the Lek is L. The lek is divided into 100 qindarka; however, the qindarka is no longer produced. In 1947 the Lek was chosen as the main denomination. So far, four editions of the Lek have been printed by Albania.

The Albanian Lek is the currency in Albania (AL, ALB). The symbol for ALL can be written L. The Albanian Lek is divided into 100 qindarka (qintars). The exchange rate for the Albanian Lek was last updated on May 24, 2019 from Yahoo Finance. The ALL conversion factor has 4 significant digits.

Economy

  • Although Albania is seen as a poor country, their economy is improving at a fast rate.
  • According to the International Monetary Fund (IMF), Albania showed 2.8% economical growth in the year 2009.
  • Agriculture products are vegetables, fruit, grapes, dairy products, potatos, maize, wheat, and sugar beets.
  • Albania relies on the import of most goods and the country does not do much export.
  • Currently Albania’s economy is undergoing macroeconomic restructuring, which is led by the World Bank and the International Monetary Fund (IMF).
  • The tourism industry is booming and it is starting to contribute a huge amount to the country’s GDP.
  • In 2008, oil and gas were discovered in Albania, which are helping to improve the country’s economic status.

History

  • In 1926, the Lek was introduced by the Albanian King Ahmet Zoghu. Bronze, nickel, and silver coins were minted and distributed in denominations of 5 and 10 qindar.
  • In 1956, the Lek was redistributed and was available in denominations of 1 lek and 5 qindar, 10 qindar, 20 qindar, and 50 qindar.
  • In 1991, and 1992 the Lek was reintroduced with added denominations of 200, 500, and 1,000 Lek notes.
  • In 1997, a newly printed series of Lek banknotes were made available.
  • Since 2002, there have been special issues of the Lek; for example, in 2005 the 50 Lek was designed for the 85th anniversary of the capital Tirana.

More information about ALL - Albanian Lek (Lek)


RWF - Rwandan Franc (RWF)

Rwandan Franc

The Rwandan Franc (RWF), is the authorized tender utilized in Rwanda. The Rwandan Franc is subdivided into a hundred centimes. Banknotes and coins are both used as legal tender for the country.

The Rwandan Franc is the currency in Rwanda (RW, RWA). The symbol for RWF can be written RF. The Rwandan Franc is divided into 100 centimes. The exchange rate for the Rwandan Franc was last updated on May 24, 2019 from Yahoo Finance. The RWF conversion factor has 5 significant digits.

Economy

  • Rwanda is a very agricultural-based country with about seventy percent of the inhabitants engaged in farming. Major exports are tea and coffee.
  • Despite being land-locked with a high population and minimal resources and industry, Rwanda has been able to make significant progress in rehabilitating and stabilizing its economy.
  • The Rwandan economic system relies heavily on farm production of small, semi-subsistence, and fragmented farms.
  • By 1994, farm size was was typically less than 1 hectare, whilst inhabitant’s density was greater than 450 individuals per square kilometer.

History

  • The Franc became the foreign money of Rwanda in 1916, when Belgium captured the German territory and switched the German East African Rupee for the Belgian Congo Franc.
  • Rwanda utilized the Belgian Congo Franc until 1960, when the Burundi and Rwanda Franc was introduced.
  • Rwanda commenced issuing the Rwandan Franc in 1964.
  • In 1964, banknotes of the Rwanda and Burundi Bank of Emission were overstamped for Rwanda usage only.
  • In 1969, aluminum 1 franc coins were launched. In 1970, 2 and ½ francs were also added in aluminum.
  • Brass 50 and 20 francs were launched in 1977.
  • There is a plan to launch a standard currency, a modern East African Shilling, for 5 East African countries at the start of 2012.

More information about RWF - Rwandan Franc (RWF)