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The Clearing House is working with EBA Clearing and SWIFT for real-time USD-Euro payment called Immediate Cross-Border (IXB) that may launch in 2023. There are talks of payment corridor between IXB and UPI. [235] The US and India are developing a real-time payment linkage, and NPCI and banks in both countries are at an advanced stage of the talks.
The market convention is to quote most exchange rates against the USD with the US dollar as the base currency (e.g. USDJPY, USDCAD, USDCHF). The exceptions are the British pound (GBP), Australian dollar (AUD), the New Zealand dollar (NZD) and the euro (EUR) where the USD is the counter currency (e.g. GBPUSD, AUDUSD, NZDUSD, EURUSD). [citation ...
In 2016, the total contribution of tourism to Zimbabwe was $1.1 billion (USD), or about 8.1% of Zimbabwe's GDP. Employment in travel and tourism, as well as the industries indirectly supported by travel and tourism, was 5.2% of national employment. [221] Several airlines pulled out of Zimbabwe between 2000 and 2007.