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The real exchange rate (RER) is the purchasing power of a currency relative to another at current exchange rates and prices. It is the ratio of the number of units of a given country's currency necessary to buy a market basket of goods in the other country, after acquiring the other country's currency in the foreign exchange market, to the ...
Data from 1971 to 1991–92 are based on official exchange rates. Data from 1992 to 1993 onward are based on FEDAI (Foreign Exchange Dealers' Association of India) indicative rates. Data from 1971 to 1972–73 for the Deutsche Mark and the Japanese Yen are cross rates with the US Dollar. The Euro replaced the Deutsche Mark w.e.f. January 1, 1999.
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2] Exchange rate arrangement (Number of countries) Exchange rate anchor Monetary aggregate target (25) Inflation Targeting framework (45) Others (43) US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador ...
The Foreign Exchange Regulation Act, 1947 (known as FERA) is a law enacted and was officially published by the Government of Pakistan and still applicable in Bangladesh, which was East Pakistan before independence, to regulate certain payments, dealings in foreign exchange and securities, and the import and export of currency and bullion.
30 May - Ziaur Rahman, President of Bangladesh, was assassinated as he spent the night in Chittagong. Taking place at 4:00 am local time, the attack was planned by Major General Muhammed Manzur. Lt. Col. Motiur Rahman shot and killed the pajama-clad President Ziaur. [4] 12 June - Abdus Sattar handed the key of historical 32 Dhanmondi House to ...
Here’s the true history of the Christmas tradition. News. News. NBC Universal. 5 family members dead in Utah home; boy, 17, found wounded. News. Associated Press.
The Bangladeshi taka is the currency of modern Bangladesh. It was officially introduced in 1972 by the Bangladesh Bank to replace the Pakistani rupee at par following the end of the Bangladesh Liberation War and is produced by Bangladesh's Security Printing Corporation. The Bangladeshi taka carries the symbols ৳ and Tk.
Producer price index data released on December 12 reported wholesale prices — or the prices manufacturers pay to producers of goods and services — rising 3% year over year in November, up from ...