PEN to AMD

PEN - Peruvian Sol (S/)
AMD - Armenian Dram (֏)
1 PEN1 AMD

Currency conversion rates from PEN to AMD

PENAMD
1 PEN1 AMD
5 PEN5 AMD
10 PEN10 AMD
20 PEN20 AMD
50 PEN50 AMD
100 PEN100 AMD
250 PEN250 AMD
500 PEN500 AMD
1000 PEN1000 AMD
2000 PEN2000 AMD
5000 PEN5000 AMD
10000 PEN10000 AMD
AMDPEN
1 AMD1 PEN
5 AMD5 PEN
10 AMD10 PEN
20 AMD20 PEN
50 AMD50 PEN
100 AMD100 PEN
250 AMD250 PEN
500 AMD500 PEN
1000 AMD1000 PEN
2000 AMD2000 PEN
5000 AMD5000 PEN
10000 AMD10000 PEN

AMD - Armenian Dram (֏)

Armenian Dram

The Armenian Dram (AMD) is the currency unit for Armenia. The Central Bank of Armenia owns the exclusive rights to issue the Dram. The symbol for the Dram has not yet become part of the Unicode standard.

The Armenian Dram is the currency in Armenia (AM, ARM). The Armenian Dram is divided into 100 luma. The exchange rate for the Armenian Dram was last updated on May 24, 2019 from Yahoo Finance. The AMD conversion factor has 5 significant digits.

Economy

  • Before Armenia became independent, their economy was mainly industry-based: machinery, electronics, textiles, synthetic rubber, and processed food. Only 20% of the economy was agricultural products.
  • The country developed its industries after 1991 and is now producing knitwear, shoes, silk, trucks, instruments, jewelry, software, brandy, metal-cutting machines, and is processing diamonds.
  • Armenian mines form a large part of the economy: copper, zinc, lead, and gold.
  • Armenia exports energy.
  • Armenia’s economy does not have a strong history, due to the previous control by the Soviet Union.
  • The country’s economy suffered a major draw back after the earthquake in 1998.
  • Unemployment is a huge problem in Armenia.

History

  • Originally silver coins called drams were used from 1199 to 1375.
  • In 1991 Armenia became an independent republic, no longer part of the Soviet Union.
  • In early 1993 the Central Bank of Armenia was opened, but Soviet Union banknotes still circulated until the end of 1993.
  • The new Armenian Dram was also introduced at the end of 1993.
  • Coins replaced the 50, 100, and 500 dram banknotes in 1998.
  • After 2005 banknotes issued from 1993 to 1995 were taken out of circulation.
  • A 500,000-dram banknote was issued in 2001 to commemorate Christianity in the country.

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PEN - Peruvian Sol (S/.)

Peruvian Sol

The Nuevo Sol is the currency of Peru. It is subdivided into one hundred centimos. The name is derived from Peru's historic currency; the Sol was used during the 19th century until 1985. The origin of the word was from the Latin word solidus, but the name is also related to the Spanish solar.

The Peruvian Nuevo Sol is the currency in Peru (PE, PER). The symbol for PEN can be written S. The Peruvian Nuevo Sol is divided into 100 centimos. The exchange rate for the Peruvian Nuevo Sol was last updated on May 22, 2019 from The International Monetary Fund. The PEN conversion factor has 6 significant digits.

Economy

  • Peru is a developing economy that is market-oriented, characterized by an increasing degree of overseas trade but also an excessive degree of inequality.
  • The financial system of Peru is the forty-second largest in the world.
  • Its economic system is diverse even though the merchandise exports is needed, the commerce and business are located in Lima however the agricultural exports was able to create progress in all of the regions.
  • From the past, the country's financial administration is tied to exports that give exhausting currency to finance imports and exterior debt payments.
  • Peru's essential exports are zinc, copper, gold, chemicals, textiles, prescribed drugs, equipment, manufactures, fish meal and companies; its main commerce companions are the China, United States, Brazil, Chile and European Union.

History

  • Peruvian Nuevo Sol is one of the crucial steady and reliable currencies and also being the currency that is least affected by the weak greenback world tendency at that time.
  • In 1980s, there was a dangerous state of economy and hyperinflation in the federal government and was therefore pressured to desert the inti that was introduced Nuevo Sol being the country’s new banknote.
  • Cash denominated within the appended unit have been brought in on October 1, 1991 adding the primary currency on November 13, 1991.
  • Since the brand-new foreign money was implementing, it has staggered to maintain up a secure alternate rate from 2.3 to 3.65 Nuevo Soles per Dollar.

More information about PEN - Peruvian Sol (S/.)