BBD to PKR

BBD - Barbadian Dollar (BBD)

Barbadian Dollar

The Barbados Dollar (BBD) has been the currency of Barbados since 1935. The symbol used for the dollar is the same as the US Dollar ($). However, BDs$ is used to distinguish the BBD from other dollar currencies. The Barbados Dollar is subdivided into 100 cents.

The Barbados Dollar is the currency in Barbados (BB, BRB). The Barbados Dollar is also known as BDS. The symbol for BBD can be written Bds$. The Barbados Dollar is divided into 100 cents. The exchange rate for the Barbados Dollar was last updated on May 24, 2019 from Yahoo Finance. The BBD conversion factor has 2 significant digits.

Economy

• The main industries in the economy are tourism and offshore investments.
• Other income is from sugar and light manufacturing.
• The Barbados economy is a service-driven economy, as well as an international business center.
• The average growth rate for the Barbados economy ranges from 3.5% to 5%.
• No substantial exports come from Barbados and the country relies largely on imports.
• Barbados focuses on developing the service sector, from financial services to educational and health services.
• Agriculture is mainly sugar cane farming. The main food crops are corn, sweet potatoes, eddos, yams, and cassava.
• Construction is a secondary industry and is mainly due to tourism and residential growth.

History

• Barbados formed part of the British Caribbean territories. The British Pound Sterling was adopted by Barbados in 1848.
• After the Pound was adopted, the previous silver pieces continued to circulate, especially in the private sector.
• The first dollar form of banknotes was issued in 1882.
• In 1949, the British West Indies dollar was introduced, and Barbados was officially tied in with the British Eastern Caribbean islands.
• In 1965, Barbados replaced the British West Indies Dollar with the Eastern Caribbean Dollar.
• In 1972, the present Dollar was introduced by the Central Bank of Barbados.
• Since 1975, the Barbados Dollar has been pegged to the United States Dollar at 2BDs$ = 1 USD.

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PKR - Pakistani Rupee (₨)

The Pakistani rupee is the currency of Pakistan. The currency code for the rupee is PKR, and it’s written as ‘Rs’ or روپیہ in Urdu. In Pakistan, the rupee is also sometimes spelled ‘rupees’, ‘rupaya’, ‘rupaye’, or ‘rupiyah’. The modern Pakistani rupee was put into circulation following the dissolution of the British Raj in 1947. It is a fiat currency.

The Rupee is the official currency of Pakistan. The currency is managed by the Bank of Pakistan, the main financial institution of the nation.

The Pakistan Rupee is the currency in Pakistan (PK, PAK). The symbol for PKR can be written Rs. The Pakistan Rupee is divided into 100 paisa. The exchange rate for the Pakistan Rupee was last updated on January 31, 2019 from The International Monetary Fund. The PKR conversion factor has 6 significant digits.

Economy

• The economy of Pakistan has endured decades of domestic political feuds, a fast-growing population, varying levels of overseas investment, and an expensive, ongoing border dispute with India.
• Significant macroeconomic amendments beginning in 2000, in particular privatizing the banking sector, have helped the economy.
• In 2005, the World Bank named Pakistan the top reformer in its area and among the top 20 reformers globally.
• The central financial institution is trying to tighten money policy while still encouraging growth.
• Recurring international worker remittances are helping to build foreign exchange reserves, however the country faces a growing current account deficit due to the high reliance on imports. The increasing trade deficit could draw down these reserves and slow GDP growth in the near future.

History

• The word Rupee is from the Sanskrit word rup or rupa, which means silver in most Indo-Aryan dialects.
• The Pakistani Rupee was put into circulation in 1947, after the nation became independent from British Rule.
• For some time after independence, Pakistan used Indian cash and banknotes with Pakistan stamped on them.
• The current cash and banknotes were issued beginning in 1948. (Seems to contradict the second bullet.)
• Similar to the Indian Rupee, the Pakistan Rupee was originally divided into sixteen annas, each composed of four pice or 12 pie.
• The Pakistan Rupee was decimalized on January 1, 1961 and partitioned into a hundred pice; the name was changed to pais later the same year.

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