GMD to SVC

GMD - Gambian Dalasi (GMD)

Gambian Dalasi

The Gambian Dalasi is the official currency for Gambia, a country in West Africa. It is the smallest country in Africa, surrounded by Senegal, except for a short coastline on the Atlantic Ocean. The Gambia River, the nation's namesake, flows through the country's centre and before emptying into the Atlantic Ocean. The country has an area of almost 10,500 km² with an estimated population of 1,700,000.

The Gambian Dalasi is the currency in Gambia (GM, GMB). The Gambian Dalasi is also known as Dalasis. The symbol for GMD can be written D. The Gambian Dalasi is divided into 100 butut. The exchange rate for the Gambian Dalasi was last updated on May 24, 2019 from Yahoo Finance. The GMD conversion factor has 4 significant digits.

Economy

• Gambia has a liberal market economy characterized by traditional subsistence agriculture, with an historical dependence of groundnuts (peanuts) for export earnings.
• There is a re-export trade based on the country’s sea port, its low import duties, a minimum of administrative procedures, a fluctuating exchange rate, and lack of exchange controls.
• Tourism has become a fast-growing sector of the economy, contributing 12% of the country's GDP according to a government web site.
• The World Bank and the International Monetary Fund provide differing figures for GDP in 2009: USD $ 733m and $ 968m respectively.
• Agriculture accounts for approximately 30% of gross domestic product (GDP) and employs about 70% of the workforce. Within agriculture, peanut production accounts for 6.9% of GDP, 8.3% for other crops, livestock 5.3%, 1.8% for fisheries, and forestry at 0.5%.
• Limited production output is mainly based on agricultural products (e.g., peanut processing, bakeries, a brewery and a tannery).

History

• The Gambian Dalasi is subdivided into 100 bututs.
• The Dalasi was adopted in 1971. It replaced the Gambian Pound at a rate of 1 Pound = 5 Dalasi. In 1971, coins in denominations of 1, 5, 10, 25 and 50 bututs and 1 Gambian Dalasi were introduced. These coins used design elements from the previous coins denominated in shillings.
• 1 dalasi notes were issued between 1971 and 1987. New 1 dalasi coins were introduced in 1987, modeled on the 50 pence coin of the United Kingdom.
• Only 25 and 50 bututs and 1 dalasi coins are currently in circulation; they are of the 1998 issue which also included 1, 5 and 10 bututs coins.
• Banknotes currently in circulation are 5, 10, 25, 50 and 100 Gambian Dalasi. Current banknotes were issued in 1996 and reprinted in 2001.

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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.

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