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Buying rate: Also known as the purchase price, it is the price used by the foreign exchange bank to buy foreign currency from the customer. In general, the exchange rate where the foreign currency is converted to a smaller number of domestic currencies is the buying rate, which indicates how much the country's currency is required to buy a ...
The lira or pound [a] is the currency of Lebanon.It was formerly divided into 100 piastres (or qirsh in Arabic) but, because of high inflation during the Lebanese Civil War (1975–1990), subunits were discontinued.
During colonial times (roughly from 1680 to 1990) the respective colonial powers introduced their own currencies to their colonies or produced local versions of their currencies. These included the Somali shilling; the Italian East African lira; and the African franc (in Francophone countries). Many post-colonial governments have retained the ...
Meanwhile, high levels of government debt can slash demand for a country's currency, triggering devaluations. KKR urges investors to consider how the market behaved between 1994 and 2000.
Lira is the name of several currency units. It is the current currency of Turkey and also the local name of the currencies of Lebanon and of Syria.It is also the name of several former currencies, including those of Italy, Malta and Israel.
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This article originally appeared on USA TODAY: What's happening in Syria? What to know about its complex civil war. Show comments. Advertisement. Advertisement. Holiday Shopping Guides.
French language inscription "Banque du Liban" on the headquarters of the Bank of Lebanon.. Banque du Liban (Arabic: مصرف لبنان; English: Bank of Lebanon) is the central bank of Lebanon.