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The rupee was pegged to British Pound until 1982 when the government of General Zia-ul-Haq changed to a managed float. As a result, the rupee devalued by 38.5% between 1982–83 and 1987–88 and the cost of importing raw materials increased rapidly, causing pressure on Pakistani finances and damaging much of the industrial base.
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. [24] [25] The pound was devalued in 1949, changing its parity from 4.03 to 2.80. India was then a part of the sterling area, and the rupee was devalued on the same day by the same percentage so that the new dollar ...
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Alderney pound – Alderney (commemorative, not an independent currency) Anglo-Saxon pound – Anglo-Saxon England; Australian pound – Australia; Bahamian pound – Bahamas; Bermudian pound – Bermuda; Biafran pound – Biafra; British West African pound – Cameroon, The Gambia, Ghana, Liberia, Nigeria and Sierra Leone; Canadian pound ...
4.5 Indian Rupee as exchange rate anchor. 4.6 Other. ... Pakistan ; Free floating (33) ... British Virgin Islands
The Palestine pound was not, however, used in conjunction with the normal sterling shillings and pence coinage. It was used with a decimal system in which it was divided into 1,000 mils. The Currency Board was dissolved in May 1948, with the end of the British Mandate, but the Palestinian pound continued in circulation for a transitional period:
The UK government devalued the pound sterling in November 1967 from £1 = $2.80 to £1 = $2.40. This was not welcomed in many parts of the sterling area, and, unlike in the 1949 devaluation , many sterling area countries did not devalue their currencies at the same time.
Saint Helena pound £ ... Bonaire, British Indian Ocean Territory, British Virgin Islands, Cambodia, ... Pakistan: Pakistani rupee: Re or Rs (pl.) PKR Paisa: 100