JMD to SDG

JMD - Jamaican Dollar (J$)

Jamaican Dollar

The Jamaican Dollar is the official currency of Jamaica. Jamaica is an island nation of the Greater Antilles. The new Jamaican Dollar differs from all other dollars in the British West Indies because it was based on the half-pound sterling. All other dollars were founded on either the US Dollar or the Spanish Dollar.

The Jamaican Dollar is the currency in Jamaica (JM, JAM). The symbol for JMD can be written J$. The Jamaican Dollar is divided into 100 cents. The exchange rate for the Jamaican Dollar was last updated on May 24, 2019 from Yahoo Finance. The JMD conversion factor has 5 significant digits.

Economy

• Jamaica is a mixed economy with state enterprises and private sector companies.
• The main sectors of the Jamaican economy are agriculture, mining, manufacturing, tourism, and financial services and insurance.
• Tourism and mining are the main sources of foreign exchange.
• Half of Jamaica's economy is based on services, and half of its revenues are from services such as tourism. An estimated 1.3 million foreign tourists visit Jamaica each year.

History

• The history of the Jamaican Dollar should not be seen in isolation from the British West Indies as a whole. Its unique feature was that it was the only territory in the British West Indies to use special issues of the British Pound Sterling, except for the four pence groat coin issued for all the British West Indies.
• Replacement coins valued at 1 cent (for 1.2 pence), 5 cents (for 6 pence), 10 cents (for1 shilling), 20 cents (for 2 shillings), and 25 cents (for 2 shillings 6 pence) were produced. With the exception of the United Nations small bronze penny, the compositions, sizes, and shapes of the coins were identical to those they replaced.
• The Jamaican Dollar value fluctuates, but in January 2011 it was at approximately 85 USD.

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SDG - Sudanese Pound (SDG)

Sudanese Pound

The Sudanese Pound is the currency of the Republic of Sudan and is issued by the Central Bank of Sudan.

The Sudanese Pound is the currency in Sudan (SD, SDN). The Sudanese Pound is divided into 100 qirush. The exchange rate for the Sudanese Pound was last updated on May 24, 2019 from Yahoo Finance. The SDG conversion factor has 3 significant digits.

Economy

• Agricultural production employs 80% of the work force and contributes a third of GDP. However, much of this production is subsistence agriculture, so much of the population remains at or below the poverty line.
• With the succession of South Sudan, where three-fourths of Sudan's total oil production originated, oil earnings no longer provide Sudan with needed hard currency.
• The country has struggled to maintain economic stability. Recent removal of fuel subsidies and rising inflation have led to rowdy protests on the streets of Khartoum as of July, 2012 . with a government crackdown on protestors.

History

• The SDP Pound was replaced in 1992 by the Dinar (SDD) at a rate of 1 Dinar = 10 Pounds. The Dinar circulated in northern Sudan, but prices were still negotiated in pounds in southern Sudan. In other regions, the Kenyan Shilling was also used and accepted.
• The "second Pound" (SDG) was introduced after a peace agreement was reached between the Government of the Republic of The Sudan and The Sudan People's Liberation Movement. The new Sudanese Pound became legal tender on July 1, 2007.
• After the secession of South Sudan, Sudan issued new banknotes on July 24, 2011 ("the third Pound"). These banknotes lack symbols associated with the south, and feature a redrawn map of the country. They replaced 2 billion Sudanese Pounds in circulation. The value of the currency has fallen since its introduction due to worsening economic conditions.

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