RSD to SVC

RSD - Serbian Dinar (РСД)

Serbian Dinar

The Dinar is the foreign currency used in Serbia since the disintegration of the Federal Republic of Yugoslavia in 2003. Earlier versions of the Serbian Dinar existed prior to World War I and during German occupation in World War II. The earliest use of the term Dinar dates back to 1214.

The Serbian Dinar is the currency in Serbia (RS, SRB). The Serbian Dinar is also known as Serbe Dinar. The exchange rate for the Serbian Dinar was last updated on May 24, 2019 from Yahoo Finance. The RSD conversion factor has 5 significant digits.

Economy

• Serbia’s GDP of ~US$11,079 (PPP) makes it one of the smaller economies in Europe, though globally it is considered an upper-middle economy. GDP Growth has been strong in recent years; its ~8.7% GDP growth in 2008 put Serbia amongst the fastest growing economies in the region.
• Serbia’s rate of unemployment is quite high, reaching 23.7% in February 2012.
• Serbia has a very large trade deficit. Being a landlocked country with very limited natural resources, most necessities are imported from neighboring countries. Serbia has free trade agreements with the European Union, Russia, and Belarus.
• Raspberries are one of the largest exports for the country. Serbia grows and provides nearly 1/3 of the world’s raspberries.
• Serbia is an associate member of the EU.

History

• The first mention of a Serbian Dinar is connected with the reign of Stefan Nemanjić in 1214. Serbian Dinar coins were minted by many of the rulers in the region until the fall of Stefan Lazarević in 1459.
• For the next few centuries, several varying currencies were used in the the Serbian area. The first modern Serbian Dinar coins were minted in 1868, and the first Dinar banknotes were issued in 1876.
• In 1920, following World War I, the Serbian Dinar was replaced by the Yugoslav Dinar (at par).
• Following the German occupation of Yugoslavia, the region was again split into Serbia and Montenegro. At this time, the Yugoslav Dinar was replaced by the Serbian Dinar in 1941, at a rate of 1 Yugoslav Dinar = 20 Serbian Dinars.
• In 1944, the reconstitution of Yugoslavia occurred and the Serbian Dinar was again replaced by the Yugoslav Dinar at the same rate of 1 Yugoslav Dinar = 20 Serbian Dinars.
• In 2003, following the final dissolution of Yugoslavia, the Serbian Dinar became the official currency of Serbia, replacing the Yugoslav Dinar at par.

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SVC - Salvadoran Colón (₡)

Salvadoran Colón

The United States Dollar is one of the most widely utilized currencies around the globe, both as an official currency and for international trade outside US borders. The Dollar is divided into 100 units called pennies or cents.

The El Salvador Colon is the currency in El Salvador (SV, SLV). The El Salvador Colon is divided into 100 centavos. The exchange rate for the El Salvador Colon was last updated on Today from The International Monetary Fund. The SVC conversion factor has 6 significant digits.

Economy

• The United States of America has a mixed capitalist economy, which is fueled by abundant natural resources, a well-developed infrastructure, and high productivity.
• According to the International Monetary Fund, the U.S. GDP of $15 trillion constitutes 23% of global GDP to exchange rates and market more than 20% of global GDP in purchasing power parity.
• Although larger than any other nation, its GDP is 5% smaller than the GDP of the European Union in purchasing power parity in 2008.
• The country ranks ninth in the world in nominal GDP per capita and sixth in GDP per capita in PPP. The United States Dollar is the main global reserve currency.

History

• The first Dollar coin issued by the United States Mint was similar in size and composition to the Spanish Dollar. The Spanish Dollar remained legal until 1857.
• The United States Dollar was defined by the Coinage Act of 1792.
• The lion Dollar was popular in the Dutch New Netherlands Colony (New York), but also circulated throughout the English colonies during the 17th century and 18th centuries. Examples of this Dollar circulating in the colonies were usually used so that the design was not fully distinguishable, so it is sometimes referred to as “dog dollars”.
• The early currency did not display faces of the presidents, as it does now. George Washington did not want his face to be on the currency.

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