AMD to TZS
Currency conversion rates from AMD to TZS
|1 AMD||1 TZS|
|5 AMD||5 TZS|
|10 AMD||10 TZS|
|20 AMD||20 TZS|
|50 AMD||50 TZS|
|100 AMD||100 TZS|
|250 AMD||250 TZS|
|500 AMD||500 TZS|
|1000 AMD||1000 TZS|
|2000 AMD||2000 TZS|
|5000 AMD||5000 TZS|
|10000 AMD||10000 TZS|
|1 TZS||1 AMD|
|5 TZS||5 AMD|
|10 TZS||10 AMD|
|20 TZS||20 AMD|
|50 TZS||50 AMD|
|100 TZS||100 AMD|
|250 TZS||250 AMD|
|500 TZS||500 AMD|
|1000 TZS||1000 AMD|
|2000 TZS||2000 AMD|
|5000 TZS||5000 AMD|
|10000 TZS||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.
TZS - Tanzanian Shilling (tzs)
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.
- 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.
- 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.