DJF 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%.

More information about BYR - Belarusian Ruble (2000–2016) (p.)

DJF - Djiboutian Franc (DJF)

Djiboutian Franc

The official currency for the Djibouti is the Djibouti Franc (DJF). The symbol used for the Franc is Fdj. The Franc is subdivided into centimes; 1 DJF = 100 centimes.

The Djiboutian Franc is the currency in Djibouti (DJ, DJI). The symbol for DJF can be written DF. The Djiboutian Franc is divided into 100 centimes. The exchange rate for the Djiboutian Franc was last updated on May 24, 2019 from Yahoo Finance. The DJF conversion factor has 4 significant digits.

Economy

• The economy of Djibouti consists mainly of the service industry.
• There is almost no development in the agriculture or industrial sectors.
• Unemployment is high; more than 43% of the population falls under the poverty line.
• Private sector development and human capital accumulation need to be enhanced.
• Djibouti is strategically situated between the Red Sea and the Gulf of Aden. The country is used as a transit port and is a free-trade zone.

History

• Djibouti became part of the French protectorate in 1884. The Franc was introduced to Djibouti and was used along with the Indian Rupee and the Maria Theresa Thaler.
• In 1908, the Franc was officially fixed at the same value of the French Franc.
• In 1910, banknotes were issued by the Bank of Indochina.
• From 1919 to 1922, tokens and Commerce paper money were issued.
• In 1948, the first Djibouti coins were issued.
• In 1949, the Dijibout Franc was introduced and pegged against the US Dollar at 1 USD = 214.392 Francs.
• In 1952, production of banknotes was taken over by Public Treasury.
• In 1971 and 1973 the Franc was revalued. In 1973 the Franc was rated at  1 USD = 177.721 Franc and remains at that rate.
• In 1977, a new design of banknotes was issued and the national bank took over the printing of banknotes.

More information about DJF - Djiboutian Franc (DJF)