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From 1956 until 1973, the baht was pegged to the US dollar at an exchange rate of 20.8 baht = one dollar and at 20 baht = 1 dollar until 1978. [9] [10] A strengthening US economy caused Thailand to re-peg its currency at 25 to the dollar from 1984 until 2 July 1997, when the country was affected by the 1997 Asian financial crisis.
On 14 February 1966, a decimal currency, the dollar of one hundred cents, was introduced. [14] Under the implementation conversion rate, £A1 was set as the equivalent of $2. Thus, ten shillings became $1 and one shilling became 10¢. As a shilling was equal to twelve pence, a new cent was worth slightly more than a penny.
His net worth had risen to $58.5 billion as of September 2013. [150] In 1999, Buffett was named the Top Money Manager of the Twentieth Century in a survey by the Carson Group, ahead of Peter Lynch and John Templeton. [151] In 2007, he was listed among Time 's 100 Most Influential People in the world. [152]
Nationally, the Dallas–Fort Worth area, home to the second shopping mall in the United States, has the most shopping malls per capita of any American metropolitan statistical area. [ 305 ] Mexico, the state's largest trading partner, imports a third of the state's exports because of the North American Free Trade Agreement (NAFTA).
During that inflation, the value of the nation's currency, the Papiermark, collapsed from 8.9 per US$1 in 1918 to 4.2 trillion per US$1 by November 1923. Prosperity reigned 1923–29, supported by large bank loans from New York. By 1929 GDP per capita was 12 per cent higher than in 1913 and between 1924 and 1929 exports doubled. [79]