GYD to TMT

GYD - Guyanaese Dollar ($)
TMT - Turkmenistan manat (T)
1 GYD1 TMT

Currency conversion rates from GYD to TMT

GYDTMT
1 GYD1 TMT
5 GYD5 TMT
10 GYD10 TMT
20 GYD20 TMT
50 GYD50 TMT
100 GYD100 TMT
250 GYD250 TMT
500 GYD500 TMT
1000 GYD1000 TMT
2000 GYD2000 TMT
5000 GYD5000 TMT
10000 GYD10000 TMT
TMTGYD
1 TMT1 GYD
5 TMT5 GYD
10 TMT10 GYD
20 TMT20 GYD
50 TMT50 GYD
100 TMT100 GYD
250 TMT250 GYD
500 TMT500 GYD
1000 TMT1000 GYD
2000 TMT2000 GYD
5000 TMT5000 GYD
10000 TMT10000 GYD

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)


TMT - Turkmenistani Manat (TMT)

Turkmenistani Manat

Turkmenistan New Manat (TMT) is equivalent to the old Turkmenistan Manat (TMM) on a basis of 1 Turkmenistan new Manat (TMT) = 5,000 Turkmenistan manat (TMM). The currency symbol is m. Turkmenistan is one of the six independent Turkic states. It is bordered by Afghanistan and Iran to the south, Uzbekistan and Kazakhstan to the north, and the Caspian sea to the west.

The Turkmenistan Manat is the currency in Turkmenistan (TM, TKM). The Turkmenistan Manat is divided into 100 tenga. The exchange rate for the Turkmenistan Manat was last updated on May 24, 2019 from Yahoo Finance. The TMT conversion factor has 2 significant digits.

Economy

  • Turkmenistan's economy is primarily agronomic. Agriculture accounts for nearly half of the gross domestic product (GDP) and more than two-fifths of total employment. Industry accounts for about one-fifth of the gross domestic product.
  • Turkmenistan has the fourth-largest reserves of natural gas in the world.
  • Turkmenistan is the world’s tenth largest producer of cotton; approximately half of the country’s irrigated farmland is planted with cotton.
  • The Turkmenistan economy places great emphasis on foreign economic relations and foreign trade and it hasan open-door trade policy. The most prominent trade partners of Turkmenistan are the United States, Turkey, Switzerland, Hong Kong, Germany, and the United Kingdom.

History

  • The old Turkmenistan Manat (TMM) was introduced on November 1, 1993, replacing the Russian Ruble at a rate of 1 Manat = 500 Rubles.
  • In 1993, notes were introduced in denominations of 1, 5, 10, 20, 50, 100 and 500 Manat. These were followed by notes for 1,000 Manat in 1995 and 5,000 and 10,000 Manat in 1996.
  • In 2005, a new series of notes was introduced in denominations of 50, 100, 500, 1000, 5000, and 10,000 Manat.
  • The Turkmenistan New Manat was introduced in 2009. Notes are printed in denominations of 1, 5, 10, 20, 50, 100, and 500 New Manat.

More information about TMT - Turkmenistani Manat (TMT)