BWP to GMD

BWP - Botswanan Pula (BWP)

Botswanan Pula

The official currency of Botswana is the Botswana Pula (BWP). The Pula is divided into 100 thebe. The symbol for the Pula is P. The Pula is rated as one of the strongest currencies in Africa.

The Botswana Pula is the currency in Botswana (BW, BWA). The symbol for BWP can be written P. The Botswana Pula is divided into 100 thebe. The exchange rate for the Botswana Pula was last updated on Today from The International Monetary Fund. The BWP conversion factor has 6 significant digits.

Economy

• From 1966 to 1999 Botswana had the highest growth rate in the world. The estimated growth rate during that time period was 9%.
• Botswana has been maintaining budget surpluses and they have a large foreign exchange reserve.
• The mining industry plays an important part in the economic growth and accounts for 36% of the GDP.
• Agriculture in the country is low and accounts for only 1% of the total GDP.
• Top industries are textiles, salt, diamonds, soda ash, nickel, potash, livestock processing, and copper.
• Export products are soda ash, textiles, meat, copper, diamonds, and nickel.
• The top export product of Botswana is diamonds.
• Import products are electrical goods, textiles, paper products, wood, petroleum and fuel products, machinery, and foodstuffs.
• Unemployment is estimated at 7%.
• Botswana’s military expenditures are considered high and are criticized by the international market.
• 70% of the country’s electricity is imported from South Africa.

History

• In 1976, the Pula was introduced to replace the South African Rand. Banknotes were printed in denominations of 10, 5, 2, and 1 Pula.
• In 1978, the first 20-pula note was introduced.
• From 1991 to 1994, the 1-pula banknotes and 2-pula banknotes were replaced by coins.
• In 2000, the 5-pula banknote was replaced with a coin. The original banknotes were discontinued and are no longer part of the currency.
• In 2009, the latest Pula notes were introduced and the first 200-pula note was introduced.

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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.

More information about GMD - Gambian Dalasi (GMD)