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4.5 Indian Rupee as exchange rate anchor. 4.6 Other. 5 Stabilized arrangement. Toggle Stabilized arrangement subsection. ... Pakistan ; Free floating (33)
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.
This fixed exchange rate was maintained until 11 May 1972, in which the rupee was devalued to Rs.11/- per dollar. [ 31 ] Initially, the Indian and Pakistani rupees were at parity until sterling was devalued in 1949 , in which India followed suit but Pakistan did not.
Pakistan: Pakistani rupee: Re or Rs (pl.) PKR Paisa: 100 Palau: United States dollar $ USD Cent: 100 Palestine [K] Israeli new shekel ₪ ILS Agora: 100 Egyptian pound: LE EGP Piastre [B] 100 Jordanian dinar: JD JOD Piastre [J] 100 Panama: Panamanian balboa: B/ PAB Centésimo: 100 United States dollar $ USD Cent: 100 Papua New Guinea: Papua New ...
Nepalese rupee [57] NPR Nepal: Rs [57] [58] Paisa [57] Turkish lira [59] TRY Northern Cyprus [59] Kuruş [59] [60] North Korean won [61] KPW North Korea ₩ [61] [62] Chon [61] Omani rial [63] OMR Oman: ر.ع [64] Baisa [63] Pakistani Rupee [65] PKR Pakistan: Rs [65] [66] Paisa [65] Israeli new shekel [33] ILS Palestine ₪ [33] [34] Agora [33 ...
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. [16] 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 ...
All the Trucial States except Abu Dhabi adopted the Qatar and Dubai riyal, which was equal to the Gulf rupee prior to the devaluation. These emirates briefly adopted the Saudi riyal during the transition from the Gulf rupee to the Qatar and Dubai riyal. Abu Dhabi used the Bahraini dinar, at a rate of 10 Gulf rupees = 1 dinar. In 1973, the UAE ...
Foreign exchange fixing is the daily monetary exchange rate fixed by the national bank of each country. The idea is that central banks use the fixing time and exchange rate to evaluate the behavior of their currency. Fixing exchange rates reflect the real value of equilibrium in the market.