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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 ...
In June 2003, Brown stated that the best exchange rate for the UK to join the euro would be around 73 pence per euro. [16] On 26 May 2003, the euro had reached 72.1 pence, a value not exceeded until 21 December 2007. [17] During the final months of 2008, the pound declined in value dramatically against the euro.
In February 2004, a consortium led by ABN AMRO, Deutsche Bank, and JPMorgan arranged a $500 million five-year fixed-rate bond for the government, issued at par with a 6.75 percent coupon. [4] In March 2006, the Government of Pakistan selected Citigroup, Deutsche Bank, and JPMorgan to manage a new international bond issuance valued at $500 ...
The rupee was pegged to British Pound until 1982 when the government of General Zia-ul-Haq changed to a managed float. As a result, the rupee devalued by 38.5% between 1982–83 and 1987–88 and the cost of importing raw materials increased rapidly, causing pressure on Pakistani finances and damaging much of the industrial base.
With a population exceeding 3.2 million, Rawalpindi is the third largest city of the Punjab province of Pakistan, and the fourth largest city in the country. It is located in the northernmost part of Punjab, strategically connecting the region with Kashmir to the east and the province of Khyber Pakhtunkhwa to the north.
[10] [11] The city was established as the headquarters of the Rawalpindi Division of British Punjab, this elevated Rawalpindi's status to one the largest metropolitan centres in colonial Punjab. [10] Following the partition of British India in 1947, the city became home to the headquarters of the Pakistan Army. [12] [13]
"North-western Division of the Punjab, lying between 31°35' and 34° 1' N. and 70° 37' and 74°29' E. The Commissioner's headquarters are at Rawalpindi and Murree. The total population of the Division increased from 2,520,508 in 1881 to 2,750,713 in 1891, and to 2,799,360 in 1901.
The district of Rawalpindi was created during British rule as part of Punjab province. The district obtained its current boundaries in 1904 when Attock District was created as a separate district. According to the 1901 census of India the population in 1901 was 558,699, an increase of 4.7% from 1891. [ 3 ]