AOA to BZD

AOA - Angolan Kwanza (Kz)

Angolan Kwanza

The Angolan Kwanza (AOA) is the currency currently used in Angola. The Kwanza was introduced in 1999, replacing the "Kwanza Reajustado" (AOK).  AOA is subdivided into coin denominations of 100 centimos, and is denoted by the symbol Kz.

The Angolan Kwanza is the currency in Angola (AO, AGO). The symbol for AOA can be written Kz. The Angolan Kwanza is divided into 100 lwei. The exchange rate for the Angolan Kwanza was last updated on May 24, 2019 from Yahoo Finance. The AOA conversion factor has 5 significant digits.

Economy

• Angola is rated as one of the fastest-growing economies in the world.
• The Angolan GDP in 2010 had an average growth of 11.1%.
• The country’s main resources are gas, oil, agriculture, and diamonds.
• There is mismanagement and corruption in the oil industry, which prevents the economy from growing at a faster rate.
• Angola imports vehicles, food, medicine, electrical equipment, machinery, and military goods.
• Export goods are mainly petroleum, crude oil, fish, coffee, diamonds, cotton, and timber.
• The current inflation rate is 13.1%.
• A third of Angola’s population is reliant on agriculture. Although the country is showing substantial growth, it still has a great deal of poverty, due to the civil war that waged from the 1975 to 2002.

History

• From 1977 to 1990, the Kwanza (AOK) was in circulation at a rate of 1 Kwanza = 1 Escudo.
• In 1990, the Novo Kwanza (AON) was introduced at a rate of 1 Novo Kwanza = 1 Kwanza.
• From 1995 to 1999, the Kwanza Rejustado (AOR) was in circulation. 1 Kwanza Reajustado = 1,000 Novo Kwanzas.
• Since 1999, the new Kwanza (AOA) has been in circulation. 1 Kwanza = 1,000,000 Kwanza Reajustado. The 50 and 10 centimo denominations are no longer in circulation.

More information about AOA - Angolan Kwanza (Kz)

BZD - Belize Dollar (BZ$)

Belize Dollar

The Belize Dollar is the official currency of Belize. The symbol used for the Dollar is $. To distinguish it from other Dollar currencies, the Belize Dollar symbol is BZ$. It is divided into smaller denominations; 1 BZ$ = 100 cents. Since 1978, the Belize Dollar has been pegged to the US Dollar at 1 USD = 2 BZ$.

The Belize Dollar is the currency in Belize (BZ, BLZ). The symbol for BZD can be written BZ$. The Belize Dollar is divided into 100 cents. The exchange rate for the Belize Dollar was last updated on May 24, 2019 from Yahoo Finance. The BZD conversion factor has 5 significant digits.

Economy

• Logging plays an important part in the Belize economy - timber is the main export product.
• Top industries for Belize are tourism, garment production, construction, and food processing. Belize also allows offshore investments.
• The unemployment rate is estimated at 9.4%.
• Agriculture accounts for 21% of the total GDP.
• Export products are wood, molasses, citrus, clothing, bananas, sugar, and crude oil.
• Import products are food, tobacco, chemicals, fuels, and manufactured goods.
• Tourism in Belize amounts to 251, 655 people.
• Belize is working towards an economic plan and the country’s focus is tourism and agriculture.
• An estimated growth of 4% was indicated in the year 1999.

History

• Belize was originally part of British Honduras and the Spanish Dollar was in circulation.
• In 1894, the government issued banknotes in denominations of 100, 50, 10, 5, 2 and 1 Dollar.
• After 1928, no more 50 and 100 Dollar banknotes were produced.
• In 1973, British Honduras was renamed Belize.
• The first 100 Dollar banknote was introduced in 1974.
• In 1976, the printing of banknotes were taken over by the Monetary Authority of Belize.
• The Central Bank of Belize was established in 1982. It produced banknotes in 1983.

More information about BZD - Belize Dollar (BZ$)