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This is a list of tables showing the historical timeline of the exchange rate for the Indian rupee (INR) against the special drawing rights unit (SDR), United States dollar (USD), pound sterling (GBP), Deutsche mark (DM), euro (EUR) and Japanese yen (JPY). The rupee was worth one shilling and sixpence in sterling in 1947.
The value of digital rupee increased from ₹100 crore in December 2023 to ₹323.5 crore as of 31 May 2024. 400,000 businesses and 4.6 million customers were registered to use the digital rupee as of April 2024. [75] On August 29, 2024, HDFC Bank introduced User-Level Programmability on Digital Rupee. It is now supported by the HDFC Bank ...
For example, between 1994 and 2005, the Chinese yuan renminbi (RMB) was pegged to the United States dollar at RMB 8.2768 to $1. China was not the only country to do this; from the end of World War II until 1967, Western European countries all maintained fixed exchange rates with the US dollar based on the Bretton Woods system. [13]
[2] [3] The digital RMB is legal tender [4] and has equivalent value with other forms of renminbi, also known as the Chinese yuan (CNY), such as bills and coins. [2] The digital yuan is designed to move instantaneously in both domestic and international transactions. [2] [5] It aims to be cheaper and faster than existing financial transactions. [2]
December 6, 2024 at 2:35 PM If that famous "Final Destination" logging truck scene already lurks in the back of your mind whenever you're driving on a highway, you may want to sit this one out.
December 18, 2024 at 5:59 PM Arnold Schwarzenegger sure looks like Santa Claus while shooting the movie "The Man with the Bag" on Dec. 17, 2024, in New York City.
Updated December 24, 2024 at 8:29 AM Half of the teams in this year’s College Football Playoff are starting a transfer quarterback, including both teams in Friday night’s playoff opener ...
By 2024, Russia's FX reserves were estimated to be around $570 billion to $600 billion, with a substantial portion in gold, yuan, and other non-traditional reserve assets. The total value fluctuates due to changes in the exchange rates of the reserve currencies and adjustments to gold holdings.