BYR to AOA

AOA - Angolan Kwanza (Kz)

Angolan Kwanza

The Angolan Kwanza (AOA) is the currency currently used in Angola. The Kwanza was introduced in 1999, replacing the "Kwanza Reajustado" (AOK).  AOA is subdivided into coin denominations of 100 centimos, and is denoted by the symbol Kz.

The Angolan Kwanza is the currency in Angola (AO, AGO). The symbol for AOA can be written Kz. The Angolan Kwanza is divided into 100 lwei. The exchange rate for the Angolan Kwanza was last updated on May 24, 2019 from Yahoo Finance. The AOA conversion factor has 5 significant digits.

Economy

• Angola is rated as one of the fastest-growing economies in the world.
• The Angolan GDP in 2010 had an average growth of 11.1%.
• The country’s main resources are gas, oil, agriculture, and diamonds.
• There is mismanagement and corruption in the oil industry, which prevents the economy from growing at a faster rate.
• Angola imports vehicles, food, medicine, electrical equipment, machinery, and military goods.
• Export goods are mainly petroleum, crude oil, fish, coffee, diamonds, cotton, and timber.
• The current inflation rate is 13.1%.
• A third of Angola’s population is reliant on agriculture. Although the country is showing substantial growth, it still has a great deal of poverty, due to the civil war that waged from the 1975 to 2002.

History

• From 1977 to 1990, the Kwanza (AOK) was in circulation at a rate of 1 Kwanza = 1 Escudo.
• In 1990, the Novo Kwanza (AON) was introduced at a rate of 1 Novo Kwanza = 1 Kwanza.
• From 1995 to 1999, the Kwanza Rejustado (AOR) was in circulation. 1 Kwanza Reajustado = 1,000 Novo Kwanzas.
• Since 1999, the new Kwanza (AOA) has been in circulation. 1 Kwanza = 1,000,000 Kwanza Reajustado. The 50 and 10 centimo denominations are no longer in circulation.

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BYR - Belarusian Ruble (2000–2016) (p.)

Belarusian Ruble (2000–2016)

The official currency of Belarus is the Belarusian Ruble (BYR). The symbol used for the Belarusian Ruble is Br. Two ruble series editions were introduced. In 2008, the Belarusian Ruble was tied to the US Dollar rather than to the Russian Ruble, though it is not an official peg.

The Old Belarusian Ruble is the currency in Belarus (BY, BLR, Belorussia). The symbol for BYR can be written BR. The exchange rate for the Old Belarusian Ruble was last updated on May 24, 2019 from Yahoo Finance. The BYR conversion factor has 3 significant digits.

Economy

• The Belarus economy shows a stable economic growth of 9%.
• The main industries are radios, textiles, refrigerators, televisions, trucks, tractors, earthmovers, radios, metal cutting, motorcycles, and machine tools.
• Agriculture accounts for 11% of the total GDP.
• Peat is the main mineral resource; it is used for fertilizer and in the chemical industry.
• The economy is still dependent on Russia.
• Inflation is estimated at 10% and the unemployment rate is estimated at 8%.
• 80% of the industry-based economy is controlled by the state.
• The educational level in Belarus is high, and the country has a large agricultural base.
• In 1991, companies started the privatization process; however, most of the privatization has been re-nationalized.
• Belarus is changing from a state-run economy to a free-market system.
• The country imports oil and gas from Russia.

History

• The first Belarusian Ruble was introduced in 1992, because Belarus did not have a license to print Soviet Union banknotes.
• In 2000, the second Belarusian Ruble was introduced to replace the first at a rate of 1,000 old Rubles = 1 new Ruble. Only banknotes and commemorative coins were issued.
• Only banknotes were issued in 2000.
• In 2009, the Central Bank of Belarus reduced the exchange rate by +/- 20%.
• In 2011, the Central Bank of Belarus again reduced the exchange rate by +/- 56%.

More information about BYR - Belarusian Ruble (2000–2016) (p.)