BZD to IQD

BZD - Belize Dollar (BZ$)

Belize Dollar

The Belize Dollar is the official currency of Belize. The symbol used for the Dollar is $. To distinguish it from other Dollar currencies, the Belize Dollar symbol is BZ$. It is divided into smaller denominations; 1 BZ$ = 100 cents. Since 1978, the Belize Dollar has been pegged to the US Dollar at 1 USD = 2 BZ$.

The Belize Dollar is the currency in Belize (BZ, BLZ). The symbol for BZD can be written BZ$. The Belize Dollar is divided into 100 cents. The exchange rate for the Belize Dollar was last updated on May 24, 2019 from Yahoo Finance. The BZD conversion factor has 5 significant digits.

Economy

• Logging plays an important part in the Belize economy - timber is the main export product.
• Top industries for Belize are tourism, garment production, construction, and food processing. Belize also allows offshore investments.
• The unemployment rate is estimated at 9.4%.
• Agriculture accounts for 21% of the total GDP.
• Export products are wood, molasses, citrus, clothing, bananas, sugar, and crude oil.
• Import products are food, tobacco, chemicals, fuels, and manufactured goods.
• Tourism in Belize amounts to 251, 655 people.
• Belize is working towards an economic plan and the country’s focus is tourism and agriculture.
• An estimated growth of 4% was indicated in the year 1999.

History

• Belize was originally part of British Honduras and the Spanish Dollar was in circulation.
• In 1894, the government issued banknotes in denominations of 100, 50, 10, 5, 2 and 1 Dollar.
• After 1928, no more 50 and 100 Dollar banknotes were produced.
• In 1973, British Honduras was renamed Belize.
• The first 100 Dollar banknote was introduced in 1974.
• In 1976, the printing of banknotes were taken over by the Monetary Authority of Belize.
• The Central Bank of Belize was established in 1982. It produced banknotes in 1983.

More information about BZD - Belize Dollar (BZ$)

IQD - Iraqi Dinar (IQD)

Iraqi Dinar

The Iraqi Dinar is issued by the Central Bank of Iraq. The Dinar was subdivided into 1,000 fils, but inflation has rendered the fils obsolete. As a result the deposition of Saddam Hussein in the 2003 invasion of Iraq, the new Iraqi Dinar was released on October 15, 2003.

The Iraqi Dinar is the currency in Iraq (IQ, IRQ). The exchange rate for the Iraqi Dinar was last updated on May 24, 2019 from Yahoo Finance. The IQD conversion factor has 5 significant digits.

Economy

• As security improves, foreign investment is helping to spur increased economic activity, particularly in the energy, construction, and retail sectors.
• To reach its economic potential, Iraq needs to reduce regulatory impediments and make significant upgrades to its oil processing, pipeline, and export infrastructure.

History

• The Dinar was fixed at par with the British Pound until 1959, then fixed to the US Dollar at one Dinar to 2.8 Dollars. It was decoupled from the US Dollar when that currency was devalued in 1971 and 1973.
• After the Gulf War in 1991, UN sanctions meant that new, inferior quality banknotes were printed in large quantities-and the Dinar quickly lost its value. The previous issue stayed in circulation, and became known as the ""Swiss dinar."" It continued to circulate, especially in the northern Kurdish region of Iraq.
• The new (convertible) Iraqi Dinar was released on October 15, 2003. It replaced all old Dinar and Swiss Dinar banknotes, which were no longer legal tender. (One old Dinar was exchanged for one new Iraqi Dinar; one unit of the Swiss"" Dinar was exchanged for 150 new Iraqi Dinars.) The new Iraqi Dinar banknotes were similar to the Swiss Dinar notes, with more security features to guard against counterfeiting.
• The new banknotes were in demand by overseas investors expecting the currency to increase in value as Iraq's economy improved.

More information about IQD - Iraqi Dinar (IQD)