BZD to SVC

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$)

SVC - Salvadoran Colón (₡)

Salvadoran Colón

The United States Dollar is one of the most widely utilized currencies around the globe, both as an official currency and for international trade outside US borders. The Dollar is divided into 100 units called pennies or cents.

The El Salvador Colon is the currency in El Salvador (SV, SLV). The El Salvador Colon is divided into 100 centavos. The exchange rate for the El Salvador Colon was last updated on Today from The International Monetary Fund. The SVC conversion factor has 6 significant digits.

Economy

• The United States of America has a mixed capitalist economy, which is fueled by abundant natural resources, a well-developed infrastructure, and high productivity.
• According to the International Monetary Fund, the U.S. GDP of $15 trillion constitutes 23% of global GDP to exchange rates and market more than 20% of global GDP in purchasing power parity.
• Although larger than any other nation, its GDP is 5% smaller than the GDP of the European Union in purchasing power parity in 2008.
• The country ranks ninth in the world in nominal GDP per capita and sixth in GDP per capita in PPP. The United States Dollar is the main global reserve currency.

History

• The first Dollar coin issued by the United States Mint was similar in size and composition to the Spanish Dollar. The Spanish Dollar remained legal until 1857.
• The United States Dollar was defined by the Coinage Act of 1792.
• The lion Dollar was popular in the Dutch New Netherlands Colony (New York), but also circulated throughout the English colonies during the 17th century and 18th centuries. Examples of this Dollar circulating in the colonies were usually used so that the design was not fully distinguishable, so it is sometimes referred to as “dog dollars”.
• The early currency did not display faces of the presidents, as it does now. George Washington did not want his face to be on the currency.

More information about SVC - Salvadoran Colón (₡)