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De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2] Exchange rate arrangement (Number of countries) Exchange rate anchor Monetary aggregate target (25) Inflation Targeting framework (45) Others (43) US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador ...
This program was followed, beginning in October 1988, by a three-year recovery program to reform trade policy and regulate the exchange rate, reduce subsidies and the budget deficit, and encourage exports and privatization. [1]
The Sudanese pound was devalued on 23 February 2021, with the official (indicative) exchange rate set to LS 375.08 per US dollar (from the fixed rate of LS 55), closing the gap between the commercial and black market exchange rates. [9] [10] [11] In July 2024, the Sudanese pound depreciated to LS 2100 per US dollar in the parallel market. [12]
Ajuran currency; Aksumite currency; Mogadishu currency; Dollar. Rhodesian dollar; Sierra Leonean dollar; Zimbabwean dollar; Zimbabwean dollar (2019–2024) Dinar – Sudan; Ekwele (Ekuele) – Equatorial Guinea
The customs exchange rate, last set at 20 Sudanese pounds per dollar, was used to value imports in order to calculate duties. Sudan eliminates customs exchange rate - finance ministry Skip to main ...
The exchange rate is grossly more favourable to the seller of the foreign currency than is the official bank rate, but such trading is usually illegal. [ citation needed ] In many rural areas there is still a strong bartering culture, the exchanged items being of more immediate value than official currency (following the principle that one can ...
This exchange value of 97.5 piastres to the pound sterling continued until the early 1960s when Egypt devalued slightly and switched to a peg to the United States dollar, at a rate of E£1 = US$2.3. The Egyptian pound continued with its exchange rate of £E = £1 0s 6d sterling until the beginning of the 1960s.
Conversations between the two governments had begun in mid-1957, and the parliament ratified a United States aid agreement in July 1958. Washington hoped this agreement would reduce Sudan's excessive reliance on a one-crop economy and would facilitate the development of the country's transportation and communications infrastructure.