SZL to BSD

BSD - Bahamian Dollar (BSD)

Bahamian Dollar

The official currency for the Bahamas is the Bahamian Dollar. The $ symbol is used for the Bahamian Dollar; the symbol B$ is used to distinguish it from other Dollar currencies. The Dollar is divided into 100 cents and is pegged to the US Dollar at par.

The Bahamian Dollar is the currency in Bahamas (BS, BHS). The symbol for BSD can be written B$. The Bahamian Dollar is divided into 100 cents. The exchange rate for the Bahamian Dollar was last updated on May 24, 2019 from Yahoo Finance. The BSD conversion factor has 2 significant digits.

Economy

• The Bahamas economy is dependent on the tourism and offshore banking industries.
• The economy in the Bahamas is steady and stable.
• Constructions for hotels and resorts is booming, due to the large influx of tourists.
• The service industry contributes 90% of the total GDP. Agriculture and other industries account for the remainder.
• Top industries in the Bahamas are oil, rum, pharmaceuticals, banking, salt, aragonite, and tourism.
• Unemployment is estimated at 8%.
• Export products are vegetables, fruit, salt, animal products, mineral products, and rum.
• Import products are food, machinery, chemicals, and live animals.
• Agriculture is a small portion of the economy and the country is trying to obtain investors to develop agriculture in the Bahamas.
• Government spending is rated low and equals +/- 23% of the GDP.

History

• In 1966, the Bahamian Dollar replaced the British Pound Sterling and coins were introduced.
• In 1968, the Bahamas monetary authority started issuing paper money.
• In 1974, the Central Bank of the Bahamas became the official supplier of Bahamian banknotes.
• In 2005, the new version of the $10 banknote was introduced.
• Shortly after the release of the $10 banknote, one of the serial numbers was counterfeited. A warning was sent to all bank authorities in the Bahamas to be aware of the counterfeit when accepting $10 bills.
• Businesses in the Bahamas accept both the Bahamian Dollar and the US Dollar.

More information about BSD - Bahamian Dollar (BSD)

SZL - Swazi Lilangeni (SZL)

Swazi Lilangeni

The Swaziland Lilangeni is the official currency of Swaziland and is subdivided into 100 cents. The Lilageni is produced by the Central Bank of Swaziland. In 1974, coins of 1, 2, 5, 10, 20 and 50 cents and 1 Lilangeni were issued; the 1 and 2 cent coins were struck in bronze and the others in cupro-nickel.

The Swazi Lilangeni is the currency in Swaziland (SZ, SWZ). The symbol for SZL can be written L, and E. The Swazi Lilangeni is divided into 100 cents. The exchange rate for the Swazi Lilangeni was last updated on May 24, 2019 from Yahoo Finance. The SZL conversion factor has 5 significant digits.

Economy

• After growing by 3% from 2004 to 2008, the economy in the Swaziland slipped significantly in 2009, primarily due to the effect of the global economic downturn on export-oriented sectors, in particular textiles and wood pulp.
• Other important factors were ongoing drought and low levels of foreign direct investment (FDI). In 2010, the economy recovered slightly due to a rebound in global demand for sugar and textiles.
• However, falling receipts from the Southern African Customs Union (SACU) coupled with lower internal revenues limited the government’s ability to implement counter-cyclical measures.
• In order to control the economic conditions of the previous year, lower interest rates were maintained, similarly to South Africa.

History

• The Lilangeni was introduced in 1974 to compete with the South-African rand through the Common Monetary Area, to which it remains tied at a one-to-one exchange rate.
• According to tradition, the present Swazi nation moved south before the 16th century to an area now called Mozambique.
• After a series of wars with people living in the area of modern Maputo, the Swazis settled in northern Zululand in 1750.

More information about SZL - Swazi Lilangeni (SZL)