MKD to PKR

MKD - Macedonian Denar (ден)
PKR - Pakistani Rupee (Rs)
1 MKD1 PKR

Currency conversion rates from MKD to PKR

MKDPKR
1 MKD1 PKR
5 MKD5 PKR
10 MKD10 PKR
20 MKD20 PKR
50 MKD50 PKR
100 MKD100 PKR
250 MKD250 PKR
500 MKD500 PKR
1000 MKD1000 PKR
2000 MKD2000 PKR
5000 MKD5000 PKR
10000 MKD10000 PKR
PKRMKD
1 PKR1 MKD
5 PKR5 MKD
10 PKR10 MKD
20 PKR20 MKD
50 PKR50 MKD
100 PKR100 MKD
250 PKR250 MKD
500 PKR500 MKD
1000 PKR1000 MKD
2000 PKR2000 MKD
5000 PKR5000 MKD
10000 PKR10000 MKD

MKD - Macedonian Denar (ден)

Macedonian Denar

The Macedonian Denar is the official currency of the former Yugoslav Republic of Macedonia. The exchange rate of the Denar is based on the demand and supply of foreign trade. Money supply and interest rates are dictated by the exchange rate, which is 61 Denars = 1 Euro. With this exchange rate target, Macedonia’s Central Bank has maintained a steady exchange rate for the Denar against the Euro.

The Macedonia Denar is the currency in Macedonia (The Former Yugoslav Republic, MK, MKD). The symbol for MKD can be written MKD. The Macedonia Denar is divided into 100 deni. The exchange rate for the Macedonia Denar was last updated on May 24, 2019 from Yahoo Finance. The MKD conversion factor has 4 significant digits.

Economy

  • Macedonia’s economy is currently based on exports of its gas, oil, and machinery.
  • Macedonia was considered the least developed of the Yugoslavia Republic states when they became independent in September 1991. Its goods and services had contributed only 5% of the national output.
  • The separation from Yugoslavia depressed Macedonia’s protected markets and its transfer of payments from the Yugoslavia government.
  • Macedonia’s economic growth was further delayed until the year 1996, due to UN sanctions on the Federal Republic of Yugoslavia and Greek economic restrictions.
  • Worker payments and foreign assistance lessened instability during the recovery period. Macedonia’s GDP growth reached 5% in 2000.

History

  • On April 26, 1992 the Macedonian Denar was introduced to replace the Yugoslav Dinar at par.
  • On May 5, 1993 a new Macedonian Denar was issued; 1 new Denar = 100 old Denar.

More information about MKD - Macedonian Denar (ден)


PKR - Pakistani Rupee ()

The Pakistani rupee is the currency of Pakistan. The currency code for the rupee is PKR, and it’s written as ‘Rs’ or روپیہ in Urdu. In Pakistan, the rupee is also sometimes spelled ‘rupees’, ‘rupaya’, ‘rupaye’, or ‘rupiyah’. The modern Pakistani rupee was put into circulation following the dissolution of the British Raj in 1947. It is a fiat currency.

The Rupee is the official currency of Pakistan. The currency is managed by the Bank of Pakistan, the main financial institution of the nation.

The Pakistan Rupee is the currency in Pakistan (PK, PAK). The symbol for PKR can be written Rs. The Pakistan Rupee is divided into 100 paisa. The exchange rate for the Pakistan Rupee was last updated on January 31, 2019 from The International Monetary Fund. The PKR conversion factor has 6 significant digits.

Economy

  • The economy of Pakistan has endured decades of domestic political feuds, a fast-growing population, varying levels of overseas investment, and an expensive, ongoing border dispute with India.
  • Significant macroeconomic amendments beginning in 2000, in particular privatizing the banking sector, have helped the economy.
  • In 2005, the World Bank named Pakistan the top reformer in its area and among the top 20 reformers globally.
  • The central financial institution is trying to tighten money policy while still encouraging growth.
  • Recurring international worker remittances are helping to build foreign exchange reserves, however the country faces a growing current account deficit due to the high reliance on imports. The increasing trade deficit could draw down these reserves and slow GDP growth in the near future.

History

  • The word Rupee is from the Sanskrit word rup or rupa, which means silver in most Indo-Aryan dialects.
  • The Pakistani Rupee was put into circulation in 1947, after the nation became independent from British Rule.
  • For some time after independence, Pakistan used Indian cash and banknotes with Pakistan stamped on them.
  • The current cash and banknotes were issued beginning in 1948. (Seems to contradict the second bullet.)
  • Similar to the Indian Rupee, the Pakistan Rupee was originally divided into sixteen annas, each composed of four pice or 12 pie.
  • The Pakistan Rupee was decimalized on January 1, 1961 and partitioned into a hundred pice; the name was changed to pais later the same year.

More information about PKR - Pakistani Rupee ()