GYD to BOB

GYD - Guyanaese Dollar ($)
BOB - Bolivian Boliviano (Bs)
1 GYD1 BOB

Currency conversion rates from GYD to BOB

GYDBOB
1 GYD1 BOB
5 GYD5 BOB
10 GYD10 BOB
20 GYD20 BOB
50 GYD50 BOB
100 GYD100 BOB
250 GYD250 BOB
500 GYD500 BOB
1000 GYD1000 BOB
2000 GYD2000 BOB
5000 GYD5000 BOB
10000 GYD10000 BOB
BOBGYD
1 BOB1 GYD
5 BOB5 GYD
10 BOB10 GYD
20 BOB20 GYD
50 BOB50 GYD
100 BOB100 GYD
250 BOB250 GYD
500 BOB500 GYD
1000 BOB1000 GYD
2000 BOB2000 GYD
5000 BOB5000 GYD
10000 BOB10000 GYD

BOB - Bolivian Boliviano (BOB)

Bolivian Boliviano

The official currency of Bolivia is the Bolivian Boliviano (BOB). The symbol used for the Boliviano is Bs. The Boliviano is subdivided in 100 centavos. The same name was used for the currency from 1864 to 1963. There were two Boliviano series additions before the new Boliviano was introduced.

The Bolivian Boliviano is the currency in Bolivia (BO, BOL). The symbol for BOB can be written Bs. The Bolivian Boliviano is divided into 100 centavos. The exchange rate for the Bolivian Boliviano was last updated on May 24, 2019 from Yahoo Finance. The BOB conversion factor has 3 significant digits.

Economy

  • The economy of Bolivia fluctuates and has had periods of diversification.
  • Bolivia’s agricultural sector needs to be modernized.
  • Due to the slow population growth, industries in Bolivia have been growing at a slow pace.
  • The mining industry in Bolivia accounts for a large part of the export products.
  • Bolivia relies on the service industry, which accounts for 52% of the total GDP.
  • Unemployment is estimated at 8.3%.
  • The natural gas reserve of Bolivia is the second largest in South America.
  • Export products are zinc, tin, cocaine, ore, soy products, natural gas, and soybeans.
  • Import products are aircraft, automobiles, plastics, insecticides, petroleum products, and soybeans.
  • There are no foreign investment restrictions in Bolivia.
  • In the last few years Bolivia’s economy has been improving steadily.

History

  • In 1864 the first Boliviano was launched. The currency before the Boliviano was the Scudo.
  • Originally the currency was subdivided into centecimos; these were changed to centavos in 1870.
  • Initially the boliviano was pegged to the French Franc at a rate of 5 French Francs = 1 Boliviano.
  • The Boliviano became part of the gold standard in 1908.
  • In 1940 Bolivia accepted multiple exchange rates with the US Dollar.
  • In 1963 the Boliviano was replaced with the Peso Boliviano.
  • In 1987 the new Boliviano replaced the Reso Boliviano.

More information about BOB - Bolivian Boliviano (BOB)


GYD - Guyanaese Dollar (GYD)

Guyanaese Dollar

The Guyanese Dollar is the official currency of Guyana, a sovereign state on the northern coast of South America. It is culturally identified with the English-speaking islands of the Caribbean because it was one of the territories, known as British Guiana, of the British West Indies.

The Guyanese Dollar is the currency in Guyana (GY, GUY). The symbol for GYD can be written G$. The Guyanese Dollar is divided into 100 cents. The exchange rate for the Guyanese Dollar was last updated on May 24, 2019 from Yahoo Finance. The GYD conversion factor has 5 significant digits.

Economy

  • The main economic activities in Guyana are agriculture (rice and Demerara sugar), bauxite mining, gold mining, timber, and shrimp fishing.
  • Chronic problems include a shortage of skilled workers and poor infrastructure.
  • The government has juggled a considerable debt and the urgent need to expand public investment, and its fiscal position traditionally erodes when agricultural and mineral commodity prices are low. The country overhauled its tax code in early 2007 with a Value Added Tax (VAT) that is expected to add significant funds for public spending.
  • The Guyanese economy has shown moderate economic growth since 1999, thanks to the expansion in the agricultural and mining sectors, a more favorable environment for entrepreneurship, a more realistic exchange rate, low inflation, and the continued support of international organizations.
  • Economic growth has slowed as a result of the world recession, but GDP real growth rate continues to be over 3%, according to the CIA World Fact Book.

History

  • In the 1800s, like other British West Indies territories, British Guiana used regular British coins, along with 2 and 4 pennies.
  • The Guyanan Dollar shares the history of currency with other territories in the British West Indies, with a few exceptions: British Guiana continued to use the four-pence coin mill when other territories abandoned it, and used Dollar accounts in public and private sectors exclusively from 1839 (whereas other territories used a mix of accounts in Dollars and the British Pound until 1951).
  • Between 1891 and 1916, four-cent coins were issued specifically for "British Guiana and the West Indies," and between 1917 and 1945 for "British Guiana".
  • In 1916, paper money was first issued by the Government of British Guiana, in denominations of 1, 2, 5, 20 and 100 dollars.
  • Guyana gained independence from United Kingdom on May 26, 1966, and became a republic on February 23, 1970.
  • Banknotes were introduced in 1966 in denominations of 1, 5, 10 and 20 Guyanese Dollars. A second series was issued between 1989 and 1992 in denominations of $20, 100 and 500. The 1996-1999 series added a $1,000 bill. New $100 and $1,000 bills were issued in 2005 with added safety features.

More information about GYD - Guyanaese Dollar (GYD)