Search results
Results from the WOW.Com Content Network
The United States economy experienced a recession in 2001 with an unusually slow jobs recovery, with the number of jobs not regaining the February 2001 level until January 2005. [109] This "jobless recovery" overlapped with the building of a housing bubble and arguably a wider debt bubble, as the ratio of household debt to GDP rose from a ...
The renminbi is held in a floating exchange-rate system managed primarily against the US dollar. On 21 July 2005, China revalued its currency by 2.1% against the US dollar and, since then has moved to an exchange rate system that references a basket of currencies and has allowed the renminbi to fluctuate at a daily rate of up to half a percent.
The Pakistani rupee depreciated against the US dollar until around the start of the 21st century, when Pakistan's large current-account surplus pushed the value of the rupee up versus the dollar. Pakistan's central bank then stabilized by lowering interest rates and buying dollars, in order to preserve the country's export competitiveness.
The water in the affected areas is highly acidic, with a pH range of 2.1–4.9, and shows elevated electrical conductivity levels between 280 and 1561 mS/cm. [54] These changes in water chemistry make the environment inhospitable for fish, essentially rendering the water uninhabitable for aquatic life.
In 2007, member states agreed that, in the future, 20 per cent of the energy used across the EU must be renewable, and carbon dioxide emissions have to be lower in 2020 by at least 20 per cent compared to 1990 levels. [166] In 2017, the EU emitted 9.1 per cent of global greenhouse-gas emissions. [167]
Da Afghanistan Bank serves as the central bank of the nation [354] and the Afghani (AFN) is the national currency, with an exchange rate of about 75 Afghanis to 1 US dollar. [355] A number of local and foreign banks operate in the country, including the Afghanistan International Bank , New Kabul Bank , Azizi Bank , Pashtany Bank , Standard ...
Brazil does not just use its growing economic strength to provide financial aid, but it also provides high levels of expertise and most importantly of all, a quiet non-confrontational diplomacy to improve governance levels. [236] Total aid is estimated to be around $1 billion per year, which includes. [236]