AMD to EGP
Currency conversion rates from AMD to EGP
|1 AMD||1 EGP|
|5 AMD||5 EGP|
|10 AMD||10 EGP|
|20 AMD||20 EGP|
|50 AMD||50 EGP|
|100 AMD||100 EGP|
|250 AMD||250 EGP|
|500 AMD||500 EGP|
|1000 AMD||1000 EGP|
|2000 AMD||2000 EGP|
|5000 AMD||5000 EGP|
|10000 AMD||10000 EGP|
|1 EGP||1 AMD|
|5 EGP||5 AMD|
|10 EGP||10 AMD|
|20 EGP||20 AMD|
|50 EGP||50 AMD|
|100 EGP||100 AMD|
|250 EGP||250 AMD|
|500 EGP||500 AMD|
|1000 EGP||1000 AMD|
|2000 EGP||2000 AMD|
|5000 EGP||5000 AMD|
|10000 EGP||10000 AMD|
AMD - 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.
- 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.
- 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.
EGP - Egyptian Pound (E£)
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.
- 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%.
- 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.