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Before the collapse of Bretton Woods system, the currency was pegged at a fixed exchange rate to the United States dollar for international trade, with the dollar convertible to gold for foreign governments only. The rupee was pegged to British Pound until 1982 when the government of General Zia-ul-Haq changed to a managed float. As a result ...
This is a list of tables showing the historical timeline of the exchange rate for the Indian rupee (INR) against the special drawing rights unit (SDR), United States dollar (USD), pound sterling (GBP), Deutsche mark (DM), euro (EUR) and Japanese yen (JPY). The rupee was worth one shilling and sixpence in sterling in 1947.
Learn what an exchange rate is and how it is determined by different factors, such as supply and demand, government policies, and market conditions. Compare and contrast various exchange rate regimes, such as floating, fixed, and hybrid, and their implications for currency values and trading.
A list of countries by the amount of foreign-currency deposits, gold, SDRs and IMF reserve position they hold as of August 2024. See the data in U.S. $ equivalents, the change from the previous period and the reference dates for each country.
Rupee is the common name for the currencies of India, Mauritius, Nepal, Pakistan, Seychelles, and Sri Lanka, and of former currencies of some regions. Learn about the history, etymology, and monetary system of the rupee, and see examples of coins and banknotes.
Tens of millions of dollars have poured back into Pakistan's interbank and openmarkets, dealers say, since raids on black market operators began on Sept. 6. Pakistan's military helps stifle ...
Following the international credit crisis and spikes in crude oil prices, Pakistan's economy could not withstand the pressure, and on 11 October 2008, the State Bank of Pakistan reported that the country's foreign exchange reserves had gone down by $571.9 million to $7,749.7 million. [64]
A comprehensive list of all currencies, current and historic, with the local name and the adjectival form of the country or region. The list is organized alphabetically by the first letter of the currency name, and includes links to more information.