AMD to EGP

AMD - Armenian Dram (֏)
EGP - Egyptian Pound (ج.م.‏)
1 AMD1 EGP

Currency conversion rates from AMD to EGP

AMDEGP
1 AMD1 EGP
5 AMD5 EGP
10 AMD10 EGP
20 AMD20 EGP
50 AMD50 EGP
100 AMD100 EGP
250 AMD250 EGP
500 AMD500 EGP
1000 AMD1000 EGP
2000 AMD2000 EGP
5000 AMD5000 EGP
10000 AMD10000 EGP
EGPAMD
1 EGP1 AMD
5 EGP5 AMD
10 EGP10 AMD
20 EGP20 AMD
50 EGP50 AMD
100 EGP100 AMD
250 EGP250 AMD
500 EGP500 AMD
1000 EGP1000 AMD
2000 EGP2000 AMD
5000 EGP5000 AMD
10000 EGP10000 AMD

AMD - Armenian Dram (֏)

Armenian Dram

The Armenian Dram (AMD) is the currency unit for Armenia. The Central Bank of Armenia owns the exclusive rights to issue the Dram. The symbol for the Dram has not yet become part of the Unicode standard.

The Armenian Dram is the currency in Armenia (AM, ARM). The Armenian Dram is divided into 100 luma. The exchange rate for the Armenian Dram was last updated on May 24, 2019 from Yahoo Finance. The AMD conversion factor has 5 significant digits.

Economy

  • Before Armenia became independent, their economy was mainly industry-based: machinery, electronics, textiles, synthetic rubber, and processed food. Only 20% of the economy was agricultural products.
  • The country developed its industries after 1991 and is now producing knitwear, shoes, silk, trucks, instruments, jewelry, software, brandy, metal-cutting machines, and is processing diamonds.
  • Armenian mines form a large part of the economy: copper, zinc, lead, and gold.
  • Armenia exports energy.
  • Armenia’s economy does not have a strong history, due to the previous control by the Soviet Union.
  • The country’s economy suffered a major draw back after the earthquake in 1998.
  • Unemployment is a huge problem in Armenia.

History

  • Originally silver coins called drams were used from 1199 to 1375.
  • In 1991 Armenia became an independent republic, no longer part of the Soviet Union.
  • In early 1993 the Central Bank of Armenia was opened, but Soviet Union banknotes still circulated until the end of 1993.
  • The new Armenian Dram was also introduced at the end of 1993.
  • Coins replaced the 50, 100, and 500 dram banknotes in 1998.
  • After 2005 banknotes issued from 1993 to 1995 were taken out of circulation.
  • A 500,000-dram banknote was issued in 2001 to commemorate Christianity in the country.

More information about AMD - Armenian Dram (֏)


EGP - Egyptian Pound ()

Egyptian Pound

The official currency of Egypt is the Egyptian Pound (EGP). The symbol used for the EGP is E£ or in Arabic ( ج.م). The Egyptian Pound is subdivided into smaller currency denomination known as qirsh or millimes. 1 EGP = 100 qirsh = 1000 millemes.

The Egyptian Pound is the currency in Egypt (EG, EGY). The symbol for EGP can be written E. The Egyptian Pound is divided into 100 piasters or 1000 milliemes. The exchange rate for the Egyptian Pound was last updated on May 24, 2019 from Yahoo Finance. The EGP conversion factor has 4 significant digits.

Economy

  • The Egyptian economy is becoming more market-orientated.
  • The main industries are metal, tourism, chemicals, textiles, pharmaceuticals, light manufacturers, food processing, hydrocarbons, construction, and cement.
  • Export products are petroleum and crude oil products, textiles, cotton, agricultural goods, metal products, and chemicals.
  • Import products are wood products, fuels, chemicals, equipment, machinery, and food stuffs.
  • Unemployment in the country is estimated at 9.7%.
  • The yearly GDP growth is rated at 2.6%.

History

  • The Egyptian Pound, also known as gineih, was replaced the Egyptian Piastre. The Piastre = 1/100 of a Pound. It was subdivided into 40 para.
  • In 1885, the para was taken out of circulation and the piastre was subdivided into tenths. In 1916 the tenths were renamed millimes.
  • Egypt used the gold standard from 1885 to 1914. 1 EGP = 7.4375 grams of gold. After the outbreak of World War I, Egypt moved to the British Pound and was part of the Sterling era until 1962. In the same year the EGP switched over to the US Dollar and was pegged at 1 EGP = 2.3 USD.
  • In 1973, the peg was changed to the British Pound again.
  • In 1989, the Pound floated; however, the Central Bank of Egypt tightly managed the control of foreign exchange.
  • In 2005, the 1 Pound and 50 pastrie coins were introduced.
  • In 2009, Egypt started phasing out 1 Pound and half-pound notes.

More information about EGP - Egyptian Pound ()