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The Bali Package is a trade agreement resulting from the Ninth Ministerial Conference of the World Trade Organization in Bali, Indonesia on 3–7 December 2013. It is aimed at lowering global trade barriers and is the first agreement reached through the WTO that is approved by all its members.
The People's Republic of China's renminbi was informally and controversially pegged to the dollar in the mid-1990s at ¥ 8.28/USD. Likewise, Malaysia pegged its ringgit at RM3.8/USD in September 1998, after the financial crisis. On July 21, 2005, both countries removed their pegs and adopted managed floats against a basket of currencies.
Economic integration with the rest of the world becomes easier as a result of lowered transaction costs and stabler prices. [2] Rose (2000) applied the gravity model of trade and provided empirical evidence that countries sharing a common currency engage in significantly increased trade among them, and that the benefits of currency substitution ...
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The U.S. dollar equivalents have been calculated using currency exchange rates as well as the gold price at the reported date. Not all countries keep gold as reserves, to avoid physical storage costs and the risks associated with it. In these cases no values are shown in the excluding gold columns.
USD to Argentine peso exchange rates, 1976–1991 USD to Argentine peso exchange rate, 1991–2022. The following table contains the monthly historical exchange rate of the different currencies of Argentina, expressed in Argentine currency units per United States dollar. [citation needed] The exchange rate at the end of each month is expressed in:
Total telecom revenues reached more than $17.8 billion in 2013, [101] and while only one in three retail stores in Argentina accepted online purchases in 2013, e-commerce reached US$4.5 billion in sales. [102] Trade in services remained in deficit, however, with US$15 billion in service exports in 2013 and US$19 billion in imports. [19]
Coto Supermarkets expanded rapidly during the 1990s, and by 1996, netted over a billion US dollars in sales. The company opened five shopping malls from the late 1990s onwards (each anchored by a Coto hypermarket ), beginning with those in Lanús and Temperley , as well as a wholesale distribution and production center in Monte Grande . [ 5 ]