AMD to TZS

AMD - Armenian Dram (֏)
TZS - Tanzanian Shilling (TSh)
1 AMD1 TZS

Currency conversion rates from AMD to TZS

AMDTZS
1 AMD1 TZS
5 AMD5 TZS
10 AMD10 TZS
20 AMD20 TZS
50 AMD50 TZS
100 AMD100 TZS
250 AMD250 TZS
500 AMD500 TZS
1000 AMD1000 TZS
2000 AMD2000 TZS
5000 AMD5000 TZS
10000 AMD10000 TZS
TZSAMD
1 TZS1 AMD
5 TZS5 AMD
10 TZS10 AMD
20 TZS20 AMD
50 TZS50 AMD
100 TZS100 AMD
250 TZS250 AMD
500 TZS500 AMD
1000 TZS1000 AMD
2000 TZS2000 AMD
5000 TZS5000 AMD
10000 TZS10000 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 (֏)


TZS - Tanzanian Shilling (tzs)

Tanzanian Shilling

The Shilling is the official currency of Tanzania, although the use of US Dollars is widely accepted. The Shilling is subdivided into 100 cents. The Tanzanian Shilling replaced the East African Shilling at par in 1966.

The Tanzanian Shilling is the currency in Tanzania (United Republic of Tanzania, TZ, TZA). The symbol for TZS can be written TSh. The Tanzanian Shilling is divided into 100 cents. The exchange rate for the Tanzanian Shilling was last updated on May 24, 2019 from Yahoo Finance. The TZS conversion factor has 5 significant digits.

Economy

  • Tanzania has embarked on a major restructuring of state-owned enterprises. The program has so far divested 335 out of some 425 parastatal entities.
  • Overall real economic growth has averaged about 4% a year, much better than in the previous 20 years, but not enough to improve the lives of average Tanzanians. The economy is heavily dependent on aid.
  • Tanzania has an external debt of $7.9 billion. The servicing of this debt absorbs about 40% of total government expenditures.
  • Tanzania has qualified for debt relief under the enhanced Heavily Indebted Poor Countries (HIPC) initiative. Debts worth over $6 billion were canceled following implementation of the Paris Club 7 Agreement.

History

  • In 1966, coins were introduced in denominations of 5, 20, and 50 cents and 1 shilling. The 5-cent coin was struck in bronze, the 20-cent in nickel-brass, and the 50-cent and 1 shilling in cupro-nickel.
  • Cupro-nickel 5-shilling coins were introduced in 1972, followed by scalloped, nickel-brass 10-cent coins in 1977. This First Series coins set, in circulation from 1966 to 1984, was designed by Christopher Ironside OBE.
  • In 1987, nickel-clad steel replaced cupro-nickel in the 50-cent and 1-shilling coins, and cupro-nickel 5- and 10-shilling coins were introduced; the 5-shilling was octagonal.
  • In 1990, nickel-clad-steel 5, 10, and 20 shilling coins were introduced, followed by brass 100-shilling coins in 1994, 50-shilling coins in 1996, and 200- shilling coins in 1998. The coins presently in circulation are the 50, 100, and 200 shillings.

More information about TZS - Tanzanian Shilling (tzs)