TJS to GYD

TJS - Tajikistani Somoni (сом.)
GYD - Guyanaese Dollar ($)
1 TJS1 GYD

Currency conversion rates from TJS to GYD

TJSGYD
1 TJS1 GYD
5 TJS5 GYD
10 TJS10 GYD
20 TJS20 GYD
50 TJS50 GYD
100 TJS100 GYD
250 TJS250 GYD
500 TJS500 GYD
1000 TJS1000 GYD
2000 TJS2000 GYD
5000 TJS5000 GYD
10000 TJS10000 GYD
GYDTJS
1 GYD1 TJS
5 GYD5 TJS
10 GYD10 TJS
20 GYD20 TJS
50 GYD50 TJS
100 GYD100 TJS
250 GYD250 TJS
500 GYD500 TJS
1000 GYD1000 TJS
2000 GYD2000 TJS
5000 GYD5000 TJS
10000 GYD10000 TJS

GYD - Guyanaese Dollar (GYD)

Guyanaese Dollar

The Guyanese Dollar is the official currency of Guyana, a sovereign state on the northern coast of South America. It is culturally identified with the English-speaking islands of the Caribbean because it was one of the territories, known as British Guiana, of the British West Indies.

The Guyanese Dollar is the currency in Guyana (GY, GUY). The symbol for GYD can be written G$. The Guyanese Dollar is divided into 100 cents. The exchange rate for the Guyanese Dollar was last updated on May 24, 2019 from Yahoo Finance. The GYD conversion factor has 5 significant digits.

Economy

  • The main economic activities in Guyana are agriculture (rice and Demerara sugar), bauxite mining, gold mining, timber, and shrimp fishing.
  • Chronic problems include a shortage of skilled workers and poor infrastructure.
  • The government has juggled a considerable debt and the urgent need to expand public investment, and its fiscal position traditionally erodes when agricultural and mineral commodity prices are low. The country overhauled its tax code in early 2007 with a Value Added Tax (VAT) that is expected to add significant funds for public spending.
  • The Guyanese economy has shown moderate economic growth since 1999, thanks to the expansion in the agricultural and mining sectors, a more favorable environment for entrepreneurship, a more realistic exchange rate, low inflation, and the continued support of international organizations.
  • Economic growth has slowed as a result of the world recession, but GDP real growth rate continues to be over 3%, according to the CIA World Fact Book.

History

  • In the 1800s, like other British West Indies territories, British Guiana used regular British coins, along with 2 and 4 pennies.
  • The Guyanan Dollar shares the history of currency with other territories in the British West Indies, with a few exceptions: British Guiana continued to use the four-pence coin mill when other territories abandoned it, and used Dollar accounts in public and private sectors exclusively from 1839 (whereas other territories used a mix of accounts in Dollars and the British Pound until 1951).
  • Between 1891 and 1916, four-cent coins were issued specifically for "British Guiana and the West Indies," and between 1917 and 1945 for "British Guiana".
  • In 1916, paper money was first issued by the Government of British Guiana, in denominations of 1, 2, 5, 20 and 100 dollars.
  • Guyana gained independence from United Kingdom on May 26, 1966, and became a republic on February 23, 1970.
  • Banknotes were introduced in 1966 in denominations of 1, 5, 10 and 20 Guyanese Dollars. A second series was issued between 1989 and 1992 in denominations of $20, 100 and 500. The 1996-1999 series added a $1,000 bill. New $100 and $1,000 bills were issued in 2005 with added safety features.

More information about GYD - Guyanaese Dollar (GYD)


TJS - Tajikistani Somoni (TJS)

Tajikistani Somoni

The Somoni is the currency of Tajikistan. It is named after the father of the Tajik nation, Ismail Samani. The Somoni was put into circulation on October 30, 2000 to replace the Tajikistani Ruble at the rate of 1 Somoni = 1,000 Rubles. The Somoni is subdivided into 100 dirams.

The Tajikistan Somoni is the currency in Tajikistan (TJ, TJK). The Tajikistan Somoni is divided into 100 dirams. The exchange rate for the Tajikistan Somoni was last updated on May 24, 2019 from Yahoo Finance. The TJS conversion factor has 5 significant digits.

Economy

  • The Tajikistani economy has been greatly weakened by six years of civil conflict and the resulting loss of markets for its products.
  • Tajikistan depends on international humanitarian assistance for much of its basic subsistence needs. Even if the peace agreement of June 1997 is honored, the country faces major problems in integrating refugees and former military personnel into the economy.
  • In 2006, the per capita GDP of Tajikistan was 85% of the 1990s level.
  • The population has increased from 5.3 million in 1991 to 7.3 million in 2009.
  • Despite resistance from vested interests, the government of Tajikistan has continued to pursue macroeconomic stabilization and structural reforms since 2000.

History

  • Somoni banknotes in circulation are denominated in 1, 5, 20, and 50 dirams and 1, 5, 10, 20, 50, and 100 Somoni.
  • The Somoni replaced the Tajikistani Ruble, which had been the currency since 1991.
  • Since 2001, the exchange rate has remained relatively stable. In January 2007, 3.21 Somoni = 1 USD.
  • From 2001–2003 Tajikistan’s inflation rates were 33 percent, 12.2 percent, and 16.3 percent, respectively.
  • In 2004 the rate fell to 6.8 percent, and the rate for 2005 was 7.1 percent.

More information about TJS - Tajikistani Somoni (TJS)