BSD to ZMK

BSD - Bahamian Dollar ($)
ZMK - Zambian kwacha (ZK)
1 BSD1 ZMK

Currency conversion rates from BSD to ZMK

BSDZMK
1 BSD1 ZMK
5 BSD5 ZMK
10 BSD10 ZMK
20 BSD20 ZMK
50 BSD50 ZMK
100 BSD100 ZMK
250 BSD250 ZMK
500 BSD500 ZMK
1000 BSD1000 ZMK
2000 BSD2000 ZMK
5000 BSD5000 ZMK
10000 BSD10000 ZMK
ZMKBSD
1 ZMK1 BSD
5 ZMK5 BSD
10 ZMK10 BSD
20 ZMK20 BSD
50 ZMK50 BSD
100 ZMK100 BSD
250 ZMK250 BSD
500 ZMK500 BSD
1000 ZMK1000 BSD
2000 ZMK2000 BSD
5000 ZMK5000 BSD
10000 ZMK10000 BSD

BSD - Bahamian Dollar (BSD)

Bahamian Dollar

The official currency for the Bahamas is the Bahamian Dollar. The $ symbol is used for the Bahamian Dollar; the symbol B$ is used to distinguish it from other Dollar currencies. The Dollar is divided into 100 cents and is pegged to the US Dollar at par.

The Bahamian Dollar is the currency in Bahamas (BS, BHS). The symbol for BSD can be written B$. The Bahamian Dollar is divided into 100 cents. The exchange rate for the Bahamian Dollar was last updated on May 24, 2019 from Yahoo Finance. The BSD conversion factor has 2 significant digits.

Economy

  • The Bahamas economy is dependent on the tourism and offshore banking industries.
  • The economy in the Bahamas is steady and stable.
  • Constructions for hotels and resorts is booming, due to the large influx of tourists.
  • The service industry contributes 90% of the total GDP. Agriculture and other industries account for the remainder.
  • Top industries in the Bahamas are oil, rum, pharmaceuticals, banking, salt, aragonite, and tourism.
  • Unemployment is estimated at 8%.
  • Export products are vegetables, fruit, salt, animal products, mineral products, and rum.
  • Import products are food, machinery, chemicals, and live animals.
  • Agriculture is a small portion of the economy and the country is trying to obtain investors to develop agriculture in the Bahamas.
  • Government spending is rated low and equals +/- 23% of the GDP.

History

  • In 1966, the Bahamian Dollar replaced the British Pound Sterling and coins were introduced.
  • In 1968, the Bahamas monetary authority started issuing paper money.
  • In 1974, the Central Bank of the Bahamas became the official supplier of Bahamian banknotes.
  • In 2005, the new version of the $10 banknote was introduced.
  • Shortly after the release of the $10 banknote, one of the serial numbers was counterfeited. A warning was sent to all bank authorities in the Bahamas to be aware of the counterfeit when accepting $10 bills.
  • Businesses in the Bahamas accept both the Bahamian Dollar and the US Dollar.

More information about BSD - Bahamian Dollar (BSD)


ZMK - Zambian Kwacha (1968–2012) (ZMK)

Zambian Kwacha (1968–2012)

The Zambian Kwacha is the currency of Zambia, issued by the Bank of Zambia. The name Kwacha derives from the Nyanja and Bemba word for "dawn", alluding to the Zambian nationalist slogan of a "new dawn of freedom".

The Old Zambian Kwacha is the currency in Zambia (ZM, ZMB). The symbol for ZMK can be written ZK. The Old Zambian Kwacha is divided into 100 ngwee. The exchange rate for the Old Zambian Kwacha was last updated on May 24, 2019 from Yahoo Finance. The ZMK conversion factor has 4 significant digits.

Economy

  • Zambia's economy has experienced strong growth in recent years, with real GDP growth more than 6% per year since 2005.
  • Copper output has increased, thanks to copper mine privatization, higher copper prices and more foreign investment.
  • Record high copper prices and a bumper maize crop in 2010 helped Zambia rebound quickly from the world economic slowdown that began in 2008.
  • Poverty remains a significant problem in Zambia, despite its stronger economy. Almost 70% of Zambians live below the national poverty line (almost 80% in rural areas).
  • Zambia ranks among the world's poorest nations in a variety of economic and social statistics and surveys: GDP per capita, competitiveness, life expectancy, infant mortality, and so on. A high birth rate and relatively high rate of HIV/AIDS put further strain on the economy.

History

  • Zambia gained independence from Great Britain in 1964. In 1968, the Zambian Kwacha replaced the Pound at a rate of two Kwacha = 1 Pound.
  • Kenneth Kaunda was the first president of Zambia in 1964, and stayed in office until 1991. During his regime, the value of the currency was fixed at a rate of approximately 1.2 Kwacha to 1 US Dollar. Until 1991, all Zambian banknotes featured a portrait of Kaunda on the obverse side (his image was later replaced by an African fish eagle).
  • A severe economic crisis stemming from poor government oversight and overspending contributed to high inflation throughout the 1990s and 2000s. By 2006, it took 4,800 Kwacha to buy one US Dollar. The currency has more recently stabilized.

More information about ZMK - Zambian Kwacha (1968–2012) (ZMK)