SDG to ALL

ALL - Albanian Lek (Lek)

Albanian Lek

The official currency of Albania is the Lek (ALL). The currency symbol for the Lek is L. The lek is divided into 100 qindarka; however, the qindarka is no longer produced. In 1947 the Lek was chosen as the main denomination. So far, four editions of the Lek have been printed by Albania.

The Albanian Lek is the currency in Albania (AL, ALB). The symbol for ALL can be written L. The Albanian Lek is divided into 100 qindarka (qintars). The exchange rate for the Albanian Lek was last updated on May 24, 2019 from Yahoo Finance. The ALL conversion factor has 4 significant digits.

Economy

• Although Albania is seen as a poor country, their economy is improving at a fast rate.
• According to the International Monetary Fund (IMF), Albania showed 2.8% economical growth in the year 2009.
• Agriculture products are vegetables, fruit, grapes, dairy products, potatos, maize, wheat, and sugar beets.
• Albania relies on the import of most goods and the country does not do much export.
• Currently Albania’s economy is undergoing macroeconomic restructuring, which is led by the World Bank and the International Monetary Fund (IMF).
• The tourism industry is booming and it is starting to contribute a huge amount to the country’s GDP.
• In 2008, oil and gas were discovered in Albania, which are helping to improve the country’s economic status.

History

• In 1926, the Lek was introduced by the Albanian King Ahmet Zoghu. Bronze, nickel, and silver coins were minted and distributed in denominations of 5 and 10 qindar.
• In 1956, the Lek was redistributed and was available in denominations of 1 lek and 5 qindar, 10 qindar, 20 qindar, and 50 qindar.
• In 1991, and 1992 the Lek was reintroduced with added denominations of 200, 500, and 1,000 Lek notes.
• In 1997, a newly printed series of Lek banknotes were made available.
• Since 2002, there have been special issues of the Lek; for example, in 2005 the 50 Lek was designed for the 85th anniversary of the capital Tirana.

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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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