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In macroeconomics and modern monetary policy, a devaluation is an official lowering of the value of a country's currency within a fixed exchange-rate system, in which a monetary authority formally sets a lower exchange rate of the national currency in relation to a foreign reference currency or currency basket.
In 1976 trading restarted in Bangladesh, and DSE was started on 16 September 1986. The formula for calculating DSE all share price index was changed according to IFC on 1 November 1993. The automated trading was initiated on 10 August 1998 and started on 1 January 2001. A central securities depository system was initiated on 24 January 2004.
Government's support to capital market for e-trading promotion. To encourage the general public towards investment in stocks by availing online facilities, Government of Pakistan has taken some initiatives to have maximum domestic as well as foreign investment in Pakistan’s shares market. Listed below are some steps taken in this behalf:
The Bank of Japan announced ¥200 billion (or $1.9 billion) of open market purchases of government bonds. [297] The Bank of Canada announced C$7.5 billion of open market purchases. [298] [299] The Brazilian Finance Ministry announced that it was cancelling a series of bond auctions for the upcoming week. [300]
A similar pre-decimal system operated in France, also based on the Roman currency, consisting of the livre (L), sol or sou (s) and denier (d). Until 1816 another similar system was used in the Netherlands, consisting of the gulden (G), stuiver (s; 1 ⁄ 20 G) and duit, (d; 1 ⁄ 8 s or 1 ⁄ 160 G).
The British Broadcasting Corporation (BBC) is a British public service broadcaster headquartered at Broadcasting House in London, England.Originally established in 1922 as the British Broadcasting Company, it evolved into its current state with its current name on New Year's Day 1927.
The price of gold, as denominated in US dollars, was stable until the collapse of the Bretton Woods system in the mid-1970s. The Bretton Woods system of monetary management established the rules for commercial relations among the United States, Canada, Western European countries, and Australia and other countries, a total of 44 countries [1] after the 1944 Bretton Woods Agreement.
The education system in Pakistan [5] is generally divided into six levels: preschool (for the age from 3 to 5 years), primary (years one to five), middle (years six to eight), secondary (years nine and ten, leading to the Secondary School Certificate or SSC), intermediate (years eleven and twelve, leading to a Higher Secondary School ...