CRC to ALL

ALL - Albanian Lek (Lek)

Albanian Lek

The official currency of Albania is the Lek (ALL). The currency symbol for the Lek is L. The lek is divided into 100 qindarka; however, the qindarka is no longer produced. In 1947 the Lek was chosen as the main denomination. So far, four editions of the Lek have been printed by Albania.

The Albanian Lek is the currency in Albania (AL, ALB). The symbol for ALL can be written L. The Albanian Lek is divided into 100 qindarka (qintars). The exchange rate for the Albanian Lek was last updated on May 24, 2019 from Yahoo Finance. The ALL conversion factor has 4 significant digits.

Economy

• Although Albania is seen as a poor country, their economy is improving at a fast rate.
• According to the International Monetary Fund (IMF), Albania showed 2.8% economical growth in the year 2009.
• Agriculture products are vegetables, fruit, grapes, dairy products, potatos, maize, wheat, and sugar beets.
• Albania relies on the import of most goods and the country does not do much export.
• Currently Albania’s economy is undergoing macroeconomic restructuring, which is led by the World Bank and the International Monetary Fund (IMF).
• The tourism industry is booming and it is starting to contribute a huge amount to the country’s GDP.
• In 2008, oil and gas were discovered in Albania, which are helping to improve the country’s economic status.

History

• In 1926, the Lek was introduced by the Albanian King Ahmet Zoghu. Bronze, nickel, and silver coins were minted and distributed in denominations of 5 and 10 qindar.
• In 1956, the Lek was redistributed and was available in denominations of 1 lek and 5 qindar, 10 qindar, 20 qindar, and 50 qindar.
• In 1991, and 1992 the Lek was reintroduced with added denominations of 200, 500, and 1,000 Lek notes.
• In 1997, a newly printed series of Lek banknotes were made available.
• Since 2002, there have been special issues of the Lek; for example, in 2005 the 50 Lek was designed for the 85th anniversary of the capital Tirana.

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CRC - Costa Rican Colón (₡)

Costa Rican Colón

The Costa Rican Colon (CRC) is the currency of Costa Rica. The symbol for the Colon is ₡; the currency is subdivided into 100 centimos. Many places in Costa Rica accept the US Dollar unofficially. The name of the Colon is derived from the Spanish explorer Christopher Columbus (Cristobal Colon in Spanish).

The Costa Rican Colon is the currency in Costa Rica (CR, CRI). The symbol for CRC can be written C. The Costa Rican Colon is divided into 100 centimos. The exchange rate for the Costa Rican Colon was last updated on May 24, 2019 from Yahoo Finance. The CRC conversion factor has 5 significant digits.

Economy

• Costa Rica’s main income is from agriculture, tourism, and electronics.
• The service industry accounts for 68% of the country’s GDP.
• The main industries are textiles, clothing, plastic products, food processing, fertilizer, microprocessors, construction material, and medical equipment.
• Export products are coffee, bananas, sugar, seafood, medical equipment, ornamental plants, electronics, and pineapples.
• Import products are consumer goods, petroleum, raw as well as construction materials, and capital equipment.
• The unemployment rate is 7.8%.
• GDP growth is currently ~-1%.

History

• In 1896, the Costa Rican Peso was replaced by the Costa Rican Colon.
• In 1897, new coins were issued.
• Between 1917 and 1919, a subunit, the centavo, was introduced at 1/100 of a Colon. The country issued 5 centavos and 10 centavos in place of centimos. During that time 50 centavo coins were minted but never distributed.
• From 1914 to 1938, the International Bank of Costa Rica issued and distributed 5, 10, 20, 50, and 100 Colones notes. In the same period the National Bank of Costa Rica became the official bank for issuing paper money; they printed notes from 1937 to 1949.
• During the 1950s the Central Bank of Costa Rica started issuing banknotes.
• In 1958, the Central Bank added 1,000 colon notes to the range.
• In 2010, Costa Rican Colon notes were replaced by a new issue.

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