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The United States dollar (symbol: $; currency code: USD; also abbreviated US$ to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries.
When the naira was introduced, it had an official exchange rate of US$1.52 for ₦1, though a currency black market existed in which the naira traded at a discount relative to the official exchange rate. The official exchange rate set by the Central Bank of Nigeria: naira to U.S. dollar is approximately ₦767.54 per 1 US dollar.
€12.70 (US$14.2) per hour, with sub-minimal rates for those aged 19 €11.43 (90% minimum), aged 18 €10.16 (80% minimum) and for those under the age of 18 €8.89 (70% of minimum) [111] Eurostat calculates the monthly rate for Ireland as (hourly rate x 39 hours x 52 weeks) / 12 months.
Bank rate is defined in Section 49 of the RBI Act of 1934 as the 'standard rate at which RBI is prepared to buy or rediscount bills of exchange or other commercial papers eligible for purchase'. When banks want to borrow long term funds from the RBI, it is the interest rate which the RBI charges to them.