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The renminbi (RMB, also known as Chinese yuan; ISO code: CNY) is the official currency of the People's Republic of China. [1] Although it is not a freely convertible currency , and has an official exchange rate , the CNY plays an important role in the world economy and international trade .
The rupiah–dollar rate was at Rp2,436 to one dollar on 11 July. It fell to Rp2,663 by 14 August and Rp2,955 by 15 August – a 122% fall. Government debt (Bank Indonesia Certificates or SBI) rose from 12% to 30%, and overnight call rates reached 81% (per annum).
A fixed exchange rate, often called a pegged exchange rate, is a type of exchange rate regime in which a currency's value is fixed or pegged by a monetary authority against the value of another currency, a basket of other currencies, or another measure of value, such as gold.
The US dollar's position in global reserves is often questioned because of the growing share of unallocated reserves, and because of the doubt regarding dollar stability in the long term. [ 23 ] [ 24 ] However, in the aftermath of the 2008 to 2010 financial crisis, the dollar's share in the world's foreign-exchange trades rose slightly from 85% ...
Bank Indonesia was founded on 1 July 1953 from the nationalisation of De Javasche Bank, three years after the recognition of Indonesia's independence by Netherlands. [4] For the next 15 years, Bank Indonesia carried on commercial activities as well as acting as the nation's national bank and is in charge in issuing Indonesian rupiah currency ...
The Texas Supreme Court on Friday said the state could set a new execution date for a man convicted of murdering his toddler on evidence of "shaken baby syndrome," ruling that a legislative ...
Dollar Tree now expects 2024 revenue in the range of $30.7 billion to $30.9 billion, compared to $30.6 billion in 2023. It provided a vague same-store sales outlook of low-single-digits.
The Bank Indonesia-printed handicrafts series replaced the TDLR notes in 1961 and 1962, with denominations from Rp5 to Rp1,000 being issued. The first Rp10,000 banknote was introduced in 1964. A further response to inflation came with the issue of a 1958-dated Rp5,000 (brown) note in October 1963.