SVC to WST

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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WST - Samoan Tala (WST)

Samoan Tala

The Samoan Tālā is the currency unit of Samoa, symbolized by WS$ to distinguish it from other Dollar currencies. The Tālā is subdivided into 100 sene. Tālā and sene are transliterations of the English terms Dollar and cent. The Tālā was introduced in 1967, upon Samoa’s independence from New Zealand, replacing the Pound at 2 Tālā = 1 Pound.

The Samoa Tala is the currency in Samoa (WS, WSM). The symbol for WST can be written WS$. The Samoa Tala is divided into 100 sene. The exchange rate for the Samoa Tala was last updated on May 24, 2019 from Yahoo Finance. The WST conversion factor has 5 significant digits.

Economy

• The industrial sector is the largest component of the Samoan GDP (~60% GDP), followed by the services sector at (~30% of GDP). Most of the remaining ~10% of GDP is credited to agriculture.
• Samoa's economy has traditionally been dependent on agriculture and fishing locally. In modern times the development aid, private family remittances from abroad and agricultural exports have become key factors in the economy of the nation.
• The Samoan workforce is estimated at 90,000 people. Agriculture employs two-thirds of the workforce, and provides 90% of exports, with coconut cream, coconut oil, noni (Nonu fruit juice, as it is known in Samoa), and copra.

History

• The Samoa Tālā was introduced in 1967, after the country's political independence of New Zealand in 1962. It replaced the Pound at a rate of 2 Samoa Tālā = 1 Pound, then the current exchange rate for the New Zealand Dollar to the Pound.
• The value of the Samoa Tālā was unchanged against the New Zealand Dollar until 1975.
• In 1967, the Bank of Western Samoa introduced notes of 1, 2 and 10 Samoan Tālā.
• Samoan Tālā 5 notes were added in 1980 when the Monetary Board of Samoa took over paper money issuance.
• In 1984, 1 Tālā notes were replaced by coins.
• Polymer notes were also introduced in 1990.
• On August 1, 2008, the central bank issued a new series of five pieces of paper Samoa Tālā 500-100. The two highest denominations (50 and 100 Samoan Tala) are protected with a thread of De La Rue Optiks security that has a transparent window.

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