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Fixed currency Anchor currency Rate (anchor / fixed) Abkhazian apsar: Russian ruble: 0.1 Alderney pound (only coins) [1]: Pound sterling: 1 Aruban florin: U.S. dollar: 1.79
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 El Salvador Marshall Islands Micronesia Palau Panama Timor-Leste Andorra Monaco San Marino Vatican City Kosovo Montenegro Kiribati Nauru Tuvalu; Currency board (11)
GBP Penny: 100 Israel: Israeli new shekel ₪ ILS Agora: 100 Italy: Euro € EUR Cent: 100 Jamaica: Jamaican dollar $ JMD Cent: 100 Japan: Japanese yen ¥ JPY Sen [C] 100 Jersey: Jersey pound £ (none) Penny: 100 Sterling £ GBP Penny: 100 Jordan: Jordanian dinar: JD JOD Piastre [H] 100 Kazakhstan: Kazakhstani tenge ₸ KZT Tıyn: 100 Kenya ...
It replaced the South African pound as legal tender, at the rate of 2 rand to 1 pound, or 10 shillings to the rand. The government introduced a mascot, Decimal Dan, "the rand-cent man" (known in Afrikaans as Daan Desimaal). [4] This was accompanied by a radio jingle to inform the public about the new currency. [5]
Also, in many African currencies there have been episodes of rampant inflation, resulting in the need for currency revaluation (e.g. the Zimbabwe dollar). In some places there is a thriving street trade by unlicensed street traders in US dollars or other stable currencies, which are seen as a hedge against local inflation.
The pound (Afrikaans: pond; symbol £, £SA [1] for distinction) was the currency of the Union of South Africa from the formation of the country as a British Dominion in 1910. It was replaced by the rand in 1961 when South Africa decimalised. In 1825, an imperial order-in-council made sterling coinage legal tender in all the British colonies.
In 1923, South Africa began to issue its own coins, adopting coins that were identical in size and value to those used in Great Britain: 12 pence (12d) = 1 shilling (1s), and 20s = 1 pound (£1). On 14 February 1961, the Union of South Africa adopted a decimal currency, replacing the pound with the Rand.
Euro money market is the money market in the euro area that covers the eurozone short-term funds through loans that are typically less than 1 year. The euro money market products are short term deposits, repos , EONIA swaps and foreign exchange swaps.