LRD to TRY

LRD - Liberian Dollar ($)
TRY - Turkish Lira ()
1 LRD1 TRY

Currency conversion rates from LRD to TRY

LRDTRY
1 LRD1 TRY
5 LRD5 TRY
10 LRD10 TRY
20 LRD20 TRY
50 LRD50 TRY
100 LRD100 TRY
250 LRD250 TRY
500 LRD500 TRY
1000 LRD1000 TRY
2000 LRD2000 TRY
5000 LRD5000 TRY
10000 LRD10000 TRY
TRYLRD
1 TRY1 LRD
5 TRY5 LRD
10 TRY10 LRD
20 TRY20 LRD
50 TRY50 LRD
100 TRY100 LRD
250 TRY250 LRD
500 TRY500 LRD
1000 TRY1000 LRD
2000 TRY2000 LRD
5000 TRY5000 LRD
10000 TRY10000 LRD

LRD - Liberian Dollar (L$)

Liberian Dollar

The Liberian Dollar has been the official currency of the Republic of Liberia since 1943. The Liberian currency includes coins and banknotes, which are issued by the Central Bank of Liberia. The symbol used is L$, to differentiate it from other Dollar currencies.

The Liberian Dollar is the currency in Liberia (LR, LBR). The symbol for LRD can be written $. The Liberian Dollar is divided into 100 cents. The exchange rate for the Liberian Dollar was last updated on May 24, 2019 from Yahoo Finance. The LRD conversion factor has 5 significant digits.

Economy

  • Liberia’s economy is supported by free enterprise. They have a so-called Open Door Policy to persuade businesses and investors to participate profitably in their economy.
  • Liberia is gifted with great natural resources tht provide prospective and outstanding market opportunities.
  • The total Liberian economy has been improving; the real GDP growth reached 7 % in 2006, and its inflation is in single digits.
  • The government has placed cash management controls, maintained a well-balanced budget, and restored transparency to their budget process.
  • The unemployment rate in the formal sector reached 80%, with this there is a critical period of progression in the restoration of productive opportunities in livelihood.
  • In the year 2005, Liberia had an external debt estimated at U$S7 billion, which is equivalent to 3,040% of their exports on an NPV basis.

History

  • The Liberian Dollar was introduced in 1847.
  • The Liberian currency was pegged at parity with the US Dollar and both were being used until 1907.
  • From 1847 to 1896, copper 1 and 2 cent coins were the only Liberian coins being issued After that, 1, 2, 10, 25 and 50 cent coins were gradually introduced.
  • Between 1857 and 1880, the Treasury Department issued banknotes of 1, 2, 3, 5, 10 Dollars and 10 and 50 cents.

More information about LRD - Liberian Dollar (L$)


TRY - Turkish Lira (TL)

The Turkish lira, usually abbreviated as TL, is the official currency of Turkey and the Turkish Republic of Northern Cyprus. Its symbol is ₺ and its official currency code is TRY. The most popular lira exchange is with the euro. The lira has 6 significant currency conversion factor digits, and is considered fiat currency. It’s the 16th most traded currency in the world by value.

The Turkish Lira is the official currency of Turkey. It is subdivided into 100 kurus. All the notes and coins have portraits on the obverse side of Mustafa Kemal Atatürk at different points of his life since the 1930s. The Central Bank of Turkey is holding a contest to find a new currency sign.

The Turkish Lira is the currency in Turkey (TR, TUR), and Northern Cyprus. The Turkish Lira is also known as the Yeni Turk Lirasi. The symbol for TRY can be written YTL. The Turkish Lira is divided into 100 new kurus. The exchange rate for the Turkish Lira was last updated on May 24, 2019 from Yahoo Finance. The TRY conversion factor has 5 significant digits.

Economy

  • Turkey has a well-developed economy. It is among the world’s leading producers of agricultural products, textiles, motor vehicles, ships and other transportation equipment, construction materials, consumer electronics, and home appliances.
  • In recent years, Turkey’s private sector has been growing rapidly, but the state still plays a major role in industry, banking, communications, and transport.
  • Turkey has the world’s 15th largest GDP-PPP and the 17th largest nominal GDP. The country is a founding member of the OECD (1961) and is one of the G20 major economies (1999).
  • The World Bank classifies Turkey as an upper-middle income country in terms of its per capita GDP in the year 2007. According to a survey by Forbes magazine, Istanbul, Turkey’s financial capital, had a total of 28 billionaires as of March 2010 (down from 35 in 2008), which ranks it 4th in the world behind New York City (60 billionaires), Moscow (50 billionaires), and London (32 billionaires).
  • Turkey has had high inflation rates compared to other developed countries, but has never experienced hyperinflation.

History

  • Because of chronic inflation in Turkey from the 1970s to the 1990s, the Lira depreciated greatly in value.
  • In the last few years, the Turkish Lira has stabilized and even risen against the US Dollar and the Euro.
  • The Lira had slid in value to such an extent that, before the 2005 revaluation, one original gold Lira coin was worth approximately 120,000,000 Lira.

More information about TRY - Turkish Lira (TL)