AOA to JMD

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.

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JMD - Jamaican Dollar (J$)

Jamaican Dollar

The Jamaican Dollar is the official currency of Jamaica. Jamaica is an island nation of the Greater Antilles. The new Jamaican Dollar differs from all other dollars in the British West Indies because it was based on the half-pound sterling. All other dollars were founded on either the US Dollar or the Spanish Dollar.

The Jamaican Dollar is the currency in Jamaica (JM, JAM). The symbol for JMD can be written J$. The Jamaican Dollar is divided into 100 cents. The exchange rate for the Jamaican Dollar was last updated on May 24, 2019 from Yahoo Finance. The JMD conversion factor has 5 significant digits.

Economy

• Jamaica is a mixed economy with state enterprises and private sector companies.
• The main sectors of the Jamaican economy are agriculture, mining, manufacturing, tourism, and financial services and insurance.
• Tourism and mining are the main sources of foreign exchange.
• Half of Jamaica's economy is based on services, and half of its revenues are from services such as tourism. An estimated 1.3 million foreign tourists visit Jamaica each year.

History

• The history of the Jamaican Dollar should not be seen in isolation from the British West Indies as a whole. Its unique feature was that it was the only territory in the British West Indies to use special issues of the British Pound Sterling, except for the four pence groat coin issued for all the British West Indies.
• Replacement coins valued at 1 cent (for 1.2 pence), 5 cents (for 6 pence), 10 cents (for1 shilling), 20 cents (for 2 shillings), and 25 cents (for 2 shillings 6 pence) were produced. With the exception of the United Nations small bronze penny, the compositions, sizes, and shapes of the coins were identical to those they replaced.
• The Jamaican Dollar value fluctuates, but in January 2011 it was at approximately 85 USD.

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