ETB to SZL

ETB - Ethiopian Birr (ብር)
SZL - Swazi Lilangeni (E)
1 ETB1 SZL

Currency conversion rates from ETB to SZL

ETBSZL
1 ETB1 SZL
5 ETB5 SZL
10 ETB10 SZL
20 ETB20 SZL
50 ETB50 SZL
100 ETB100 SZL
250 ETB250 SZL
500 ETB500 SZL
1000 ETB1000 SZL
2000 ETB2000 SZL
5000 ETB5000 SZL
10000 ETB10000 SZL
SZLETB
1 SZL1 ETB
5 SZL5 ETB
10 SZL10 ETB
20 SZL20 ETB
50 SZL50 ETB
100 SZL100 ETB
250 SZL250 ETB
500 SZL500 ETB
1000 SZL1000 ETB
2000 SZL2000 ETB
5000 SZL5000 ETB
10000 SZL10000 ETB

ETB - Ethiopian Birr (Br)

Ethiopian Birr

The official currency of Ethiopia is the Ethiopian Birr (ETB). The Ethiopian Birr is subdivided into santim; 100 santim = 1 ETB. Br is the symbol used for the Birr. The Nigerian Naira is rated the most-used currency in Africa, the Birr is rated second.

The Ethiopian Birr is the currency in Ethiopia (ET, ETH). The Ethiopian Birr is also known as Birrs. The symbol for ETB can be written Br. The Ethiopian Birr is divided into 100 cents. The exchange rate for the Ethiopian Birr was last updated on May 24, 2019 from Yahoo Finance. The ETB conversion factor has 3 significant digits.

Economy

  • Ethiopia’s economy is mainly based on the agricultural industry, which forms 80% of the yearly GDP.
  • There are no private businesses and no patent laws apply in Ethiopia.
  • Unemployment rate among youth is estimated at 70%.
  • The main industries are metals, cement, textiles, food processing, and cement.
  • Export products are leather, oilseeds, coffee, flowers, gold, qat, and live animals.
  • Import products are motor vehicles, textiles, cereals, petroleum, food, and chemicals.

History

  • During the 18th and 19th centuries the currency for Ethopia was the Maria Theresa Taler, also known as the Birr, which means silver. The Taler became the official coin in 1855, but the Indian Rupee and the Mexican Dollar were used for foreign trading.
  • In 1893, the Birr was introduced as the standard unit. It was subdivided into 20 girsch.
  • A new range of Ethiopian coins appeared in 1903.
  • The Bank of Ethiopia was formed in 1931. At that time the Birr became equal to the mentonnyas. 1 Birr = 100 metonnyas.
  • During the mid 1930s the currencies circulated were the Birr and the Talari.
  • From 1936 to 1941 Italy occupied Ethopia and the Italian Lira was used.
  • In 1945, the second Birr was introduced; 2 schillings = 1 birr.
  • In 1976, the Birr was made the official currency.

More information about ETB - Ethiopian Birr (Br)


SZL - Swazi Lilangeni (SZL)

Swazi Lilangeni

The Swaziland Lilangeni is the official currency of Swaziland and is subdivided into 100 cents. The Lilageni is produced by the Central Bank of Swaziland. In 1974, coins of 1, 2, 5, 10, 20 and 50 cents and 1 Lilangeni were issued; the 1 and 2 cent coins were struck in bronze and the others in cupro-nickel.

The Swazi Lilangeni is the currency in Swaziland (SZ, SWZ). The symbol for SZL can be written L, and E. The Swazi Lilangeni is divided into 100 cents. The exchange rate for the Swazi Lilangeni was last updated on May 24, 2019 from Yahoo Finance. The SZL conversion factor has 5 significant digits.

Economy

  • After growing by 3% from 2004 to 2008, the economy in the Swaziland slipped significantly in 2009, primarily due to the effect of the global economic downturn on export-oriented sectors, in particular textiles and wood pulp.
  • Other important factors were ongoing drought and low levels of foreign direct investment (FDI). In 2010, the economy recovered slightly due to a rebound in global demand for sugar and textiles.
  • However, falling receipts from the Southern African Customs Union (SACU) coupled with lower internal revenues limited the government’s ability to implement counter-cyclical measures.
  • In order to control the economic conditions of the previous year, lower interest rates were maintained, similarly to South Africa.

History

  • The Lilangeni was introduced in 1974 to compete with the South-African rand through the Common Monetary Area, to which it remains tied at a one-to-one exchange rate.
  • According to tradition, the present Swazi nation moved south before the 16th century to an area now called Mozambique.
  • After a series of wars with people living in the area of modern Maputo, the Swazis settled in northern Zululand in 1750.

More information about SZL - Swazi Lilangeni (SZL)