AWG to GMD

AWG - Aruban Florin (AWG)

Aruban Florin

The Aruban Florin is pegged to the US Dollar at 1.79 Florin = 1 USD. The Central Bank of Aruba issues the currerncy. Aruba is a 33-km long island in the southern Caribbean Sea, 27 km north of the coast of Venezuela and approximately 130 km east of the peninsula of Guajira in Colombia. Together with Bonaire and Curacao, it is part of a group known as the ABC islands of the Leeward Antilles, the southern island chain of the Lesser Antilles.

The Aruban Florin is the currency in Aruba (AW, ABW). The Aruban Florin is also known as the Aruba Guilder, and the Aruban Gulden. The symbol for AWG can be written Afl. The Aruban Florin is divided into 100 cents. The exchange rate for the Aruban Florin was last updated on May 24, 2019 from Yahoo Finance. The AWG conversion factor has 3 significant digits.

Economy

• Aruba enjoys one of the highest living standards in the Caribbean region and has a low unemployment rate.
• Tourism and related activities account for about 75% of Aruba’s GNP. Most tourists are from Venezuela or the United States.
• Before the “Status Aparte”, when Aruba became a separate, completely autonomous country/state in the kingdom of the Netherlands, oil processing was the dominant industry in spite of the expanding tourism sector.
• Today the influence of the oil processing business is minimal. The agricultural and manufacturing sectors are also minimal.

History

• In 1986, the Aruban Florin replaced the Netherlands Antillean Guilder, inheriting its peg to the United States Dollar. Coins were introduced in denominations of 5, 10, 25 and 50 cents, as well as 1 and 2½ guilders. Later, the 5-florin note was replaced by a square coin and the 2½ guilder coin was discontinued.
• In 2005 the 5-florin note was replaced by a gold coin. All coins are struck in nickel-steel except the 5-guilder, which is a combination of copper and other metals. The 50-cent coin is the only square coin and is also known as the Yotin.

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GMD - Gambian Dalasi (GMD)

Gambian Dalasi

The Gambian Dalasi is the official currency for Gambia, a country in West Africa. It is the smallest country in Africa, surrounded by Senegal, except for a short coastline on the Atlantic Ocean. The Gambia River, the nation's namesake, flows through the country's centre and before emptying into the Atlantic Ocean. The country has an area of almost 10,500 km² with an estimated population of 1,700,000.

The Gambian Dalasi is the currency in Gambia (GM, GMB). The Gambian Dalasi is also known as Dalasis. The symbol for GMD can be written D. The Gambian Dalasi is divided into 100 butut. The exchange rate for the Gambian Dalasi was last updated on May 24, 2019 from Yahoo Finance. The GMD conversion factor has 4 significant digits.

Economy

• Gambia has a liberal market economy characterized by traditional subsistence agriculture, with an historical dependence of groundnuts (peanuts) for export earnings.
• There is a re-export trade based on the country’s sea port, its low import duties, a minimum of administrative procedures, a fluctuating exchange rate, and lack of exchange controls.
• Tourism has become a fast-growing sector of the economy, contributing 12% of the country's GDP according to a government web site.
• The World Bank and the International Monetary Fund provide differing figures for GDP in 2009: USD $ 733m and $ 968m respectively.
• Agriculture accounts for approximately 30% of gross domestic product (GDP) and employs about 70% of the workforce. Within agriculture, peanut production accounts for 6.9% of GDP, 8.3% for other crops, livestock 5.3%, 1.8% for fisheries, and forestry at 0.5%.
• Limited production output is mainly based on agricultural products (e.g., peanut processing, bakeries, a brewery and a tannery).

History

• The Gambian Dalasi is subdivided into 100 bututs.
• The Dalasi was adopted in 1971. It replaced the Gambian Pound at a rate of 1 Pound = 5 Dalasi. In 1971, coins in denominations of 1, 5, 10, 25 and 50 bututs and 1 Gambian Dalasi were introduced. These coins used design elements from the previous coins denominated in shillings.
• 1 dalasi notes were issued between 1971 and 1987. New 1 dalasi coins were introduced in 1987, modeled on the 50 pence coin of the United Kingdom.
• Only 25 and 50 bututs and 1 dalasi coins are currently in circulation; they are of the 1998 issue which also included 1, 5 and 10 bututs coins.
• Banknotes currently in circulation are 5, 10, 25, 50 and 100 Gambian Dalasi. Current banknotes were issued in 1996 and reprinted in 2001.

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