BWP to MKD

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.

More information about BWP - Botswanan Pula (BWP)

MKD - Macedonian Denar (ден)

Macedonian Denar

The Macedonian Denar is the official currency of the former Yugoslav Republic of Macedonia. The exchange rate of the Denar is based on the demand and supply of foreign trade. Money supply and interest rates are dictated by the exchange rate, which is 61 Denars = 1 Euro. With this exchange rate target, Macedonia’s Central Bank has maintained a steady exchange rate for the Denar against the Euro.

The Macedonia Denar is the currency in Macedonia (The Former Yugoslav Republic, MK, MKD). The symbol for MKD can be written MKD. The Macedonia Denar is divided into 100 deni. The exchange rate for the Macedonia Denar was last updated on May 24, 2019 from Yahoo Finance. The MKD conversion factor has 4 significant digits.

Economy

• Macedonia’s economy is currently based on exports of its gas, oil, and machinery.
• Macedonia was considered the least developed of the Yugoslavia Republic states when they became independent in September 1991. Its goods and services had contributed only 5% of the national output.
• The separation from Yugoslavia depressed Macedonia’s protected markets and its transfer of payments from the Yugoslavia government.
• Macedonia’s economic growth was further delayed until the year 1996, due to UN sanctions on the Federal Republic of Yugoslavia and Greek economic restrictions.
• Worker payments and foreign assistance lessened instability during the recovery period. Macedonia’s GDP growth reached 5% in 2000.

History

• On April 26, 1992 the Macedonian Denar was introduced to replace the Yugoslav Dinar at par.
• On May 5, 1993 a new Macedonian Denar was issued; 1 new Denar = 100 old Denar.

More information about MKD - Macedonian Denar (ден)