CDF to BYR

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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CDF - Congolese Franc (CDF)

Congolese Franc

The official currency of the Democratic Republic of Congo is the Congolese Franc (CDF). The symbol for the Franc is FC. The Franc is subdivided into 100 centimes. There were two editions of the Franc; the second edition is the new Congolese Franc.

The Franc Congolais is the currency in Congo (CD, COD). The Franc Congolais is divided into 100 centimes. The exchange rate for the Franc Congolais was last updated on May 24, 2019 from Yahoo Finance. The CDF conversion factor has 5 significant digits.

Economy

• The Democratic Republic of Congo has a vast amount of mineral and other natural resources. The estimated value of the untapped raw material is +/- 24 trillion USD.
• Agriculture accounts for 57% of the GDP. Products of the agriculture industry are rubber, tea, cotton, sugar, palm oil, and coffee.
• The Congo relies on the mining industry.
• The main industries are consumer products, mining, cement, and commercial ship repair.
• Export products are crude oil, wood products, coffee, copper, gold, diamonds, and cobalt.
• Import products are transportation equipment, mining and other machinery, and food.
• There is a lot of economy activity in the informal sectors that is not included in the GDP.
• The first and second wars that took place in the 1960s negatively impacted the economy.
• The government is establishing economic zones to help get the industrial sector started.

History

• The first Franc was introduced in 1887. It had the same value as the Belgian Franc.
• In 1916, the Congolese Franc also circulated in the countries of Burundi and Rwanda; however, they later issued their own Franc.
• In 1967, Congo declared independence and the Franc was replaced with the Zaire at 1,000 Francs = 1 Zaire.
• In 1997, the Franc was re-introduced and the Zaire was eliminated. The exchange rate was 100,000 new Zaires = 1 Franc.
• In 2010, the Central Bank printed commemorative notes to celebrate the 50th anniversary of the country’s independence from Belgium.

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