Search results
Results from the WOW.Com Content Network
The Indian rupee was pegged to the British pound at a rate of 13 1 ⁄ 3 Indian rupees = 1 pound. The Government of India had complained of gold traffickers in the Gulf region whose base of operations was constantly being broadened, especially in Kuwait, Bahrain and Dubai.
The Kuwaiti dinar (Arabic: دينار كويتي , code: KWD) is the currency of Kuwait.It is sub-divided into 1,000 fulūs. [2]As of 2023, the Kuwaiti dinar is the currency with the highest value per base unit, with KD 1 equalling US$3.26, [3] ahead of the Bahraini dinar with BD 1 equalling US$2.65 and Omani rial at US$2.60.
The East African shilling was launched at par with the shilling sterling at the value of half an Indian rupee. In 1959, as a measure to prevent gold smuggling, the Reserve Bank of India and the Indian government, in conjunction with the British authorities, replaced the Indian rupee in the Gulf States with the Gulf rupee at a 1:1 parity.
Graph of exchange rates of Indian rupee (INR) per USD 1, GBP 1, EUR 1, JPY 100 averaged over the month, from September 1998 to May 2013. ... Kuwait and Bahrain had ...
The Gulf Rupee, also known as the Persian Gulf Rupee (PGR), was introduced by the Indian government as a replacement for the Indian Rupee for circulation exclusively outside the country with the Reserve Bank of India Amendment Act, 1 May 1959. After India devalued the rupee in June 1966, those countries still using it – Oman, Qatar and what ...
There has been regular high level bilateral state visits between the two countries. Vice-Presidents of India, Dr Zakir Husain in 1965 and Hamid Ansari in 2009 and Prime Minister Indira Gandhi in 1981 have led Indian visits to Kuwait while the Crown Prince and Prime Minister Sheikh Sabah Al-Salem Al-Sabah in 1964, the Emir Sheikh Jaber Al-Ahmed Al-Jaber Al-Sabah in 1980 and 1983 and the Emir ...
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.
The Indian rupee was the official currency of Dubai and Qatar until 1959, when India created a new Gulf rupee (also known as the "external rupee") to hinder the smuggling of gold. [14] The Gulf rupee was legal tender until 1966, when India significantly devalued the Indian rupee and a new Qatar-Dubai riyal was established to provide economic ...