BYR to TMT

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%.

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TMT - Turkmenistani Manat (TMT)

Turkmenistani Manat

Turkmenistan New Manat (TMT) is equivalent to the old Turkmenistan Manat (TMM) on a basis of 1 Turkmenistan new Manat (TMT) = 5,000 Turkmenistan manat (TMM). The currency symbol is m. Turkmenistan is one of the six independent Turkic states. It is bordered by Afghanistan and Iran to the south, Uzbekistan and Kazakhstan to the north, and the Caspian sea to the west.

The Turkmenistan Manat is the currency in Turkmenistan (TM, TKM). The Turkmenistan Manat is divided into 100 tenga. The exchange rate for the Turkmenistan Manat was last updated on May 24, 2019 from Yahoo Finance. The TMT conversion factor has 2 significant digits.

Economy

• Turkmenistan's economy is primarily agronomic. Agriculture accounts for nearly half of the gross domestic product (GDP) and more than two-fifths of total employment. Industry accounts for about one-fifth of the gross domestic product.
• Turkmenistan has the fourth-largest reserves of natural gas in the world.
• Turkmenistan is the world’s tenth largest producer of cotton; approximately half of the country’s irrigated farmland is planted with cotton.
• The Turkmenistan economy places great emphasis on foreign economic relations and foreign trade and it hasan open-door trade policy. The most prominent trade partners of Turkmenistan are the United States, Turkey, Switzerland, Hong Kong, Germany, and the United Kingdom.

History

• The old Turkmenistan Manat (TMM) was introduced on November 1, 1993, replacing the Russian Ruble at a rate of 1 Manat = 500 Rubles.
• In 1993, notes were introduced in denominations of 1, 5, 10, 20, 50, 100 and 500 Manat. These were followed by notes for 1,000 Manat in 1995 and 5,000 and 10,000 Manat in 1996.
• In 2005, a new series of notes was introduced in denominations of 50, 100, 500, 1000, 5000, and 10,000 Manat.
• The Turkmenistan New Manat was introduced in 2009. Notes are printed in denominations of 1, 5, 10, 20, 50, 100, and 500 New Manat.

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