SDG to 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.

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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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