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Data from 1971 to 1991–92 are based on official exchange rates. Data from 1992 to 1993 onward are based on FEDAI (Foreign Exchange Dealers' Association of India) indicative rates. Data from 1971 to 1972–73 for the Deutsche Mark and the Japanese Yen are cross rates with the US Dollar. The Euro replaced the Deutsche Mark w.e.f. January 1, 1999.
On 22 December 1986, postal codes were introduced in Bangladesh and in the same year a postal academy was established in Rajshahi. [6] Bangladesh Government Press prints forms and files for Bangladesh Post Department. [14] On 8 July 2015, ABM Humayun was appointed director general of Bangladesh Post Office. [15]
At the time of independence (in 1947), India's currency was pegged to pound sterling, and the exchange rate was a shilling and six pence for a rupee — which worked out to ₹13.33 to the pound. [23] The dollar-pound exchange rate then was $4.03 to the pound, which in effect gave a rupee-dollar rate in 1947 of around ₹3.30.
After the end of the Second World War, the Hong Kong dollar was re-pegged to sterling at a fixed rate identical to the pre-war level. [6] Nevertheless, its unique geo-economic position afforded Hong Kong the ability to defy exchange controls by operating a dual system with the sterling area and a free exchange market principally with the US ...
The Foreign Exchange Regulation Act, 1947 (known as FERA) is a law enacted and was officially published by the Government of Pakistan and still applicable in Bangladesh, which was East Pakistan before independence, to regulate certain payments, dealings in foreign exchange and securities, and the import and export of currency and bullion.
In the previous year, India had launched its first commercial space rocket, carrying an Italian satellite. [109] A view of the Taj Mahal Palace Hotel with smoke during the 2008 Mumbai attacks. In November 2008, Mumbai attacks took place. India blamed militants from Pakistan for the attacks and announced a "pause" in the ongoing peace process. [109]
India was forced to sell dollars to the extent of close to US$35 billion in the spot markets in Financial Year 2009 due to 22% depreciation in rupee (against the dollar) in the same fiscal year 2009. In 2009, India purchased 200 tonnes of gold from the International Monetary Fund, worth US$6.7bn (€4.57bn, £4.10bn). [15] In June 2020, India's ...
After the independence of India in 1947, the Indian postal service continues to function on a countrywide basis and provides many valuable, low cost services to the public of India. Pakistan has also had its own postal service since 1947, Burma since 1948, and Bangladesh since 1971.