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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.
In the abbreviated form, usage such as "₹ 5L" or "₹ 5 lac" (for "5 lakh rupees") is common. [4] In this system of numeration, 100 lakh is called one crore [3] and is equal to 10 million. Formal written publications in English in India tend to use lakh/crore for Indian currency and Western numbering for foreign currencies, such as dollars ...
This fixed exchange rate was maintained until 11 May 1972, in which the rupee was devalued to Rs.11/- per dollar. [30] Initially, the Indian and Pakistani rupees were at parity until sterling was devalued in 1949, in which India followed suit but Pakistan did not. This caused the Pakistani rupee to be valued at a 44% premium to the Indian rupee ...
A currency [a] is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. [1] [2] A more general definition is that a currency is a system of money in common use within a specific environment over time, especially for people in a nation state. [3]
In 1957, the rupee was decimalised and divided into 100 naye paise (Hindi for "new paise"); in 1964, the initial naye was dropped. Many still refer to 25-, 50-and 75-paise coins as 4, 8, and 12 annas, respectively; compare the expression "two bits" in colloquial American English for a quarter-dollar coin.
Nominal gross revenue with us dollars No Title Worldwide Domestic Overseas Year Language Ref 1 Dangal ₹ 2,200 crore (US$337.83 million) ₹ 520 crore (US$79.85 million) ₹ 1,680 crore (US$257.98 million) 2016 Hindi [38] [39] [40] 2 Baahubali 2: The Conclusion ₹1800 crore (US$335.94 million) ₹1430 crore (US$244.75 million) ₹370 crore ...
The U.S. dollar became an important international reserve currency after the First World War, and displaced the pound sterling as the world's primary reserve currency by the Bretton Woods Agreement towards the end of the Second World War. The dollar is the most widely used currency in international transactions, [4] and a free-floating currency.
The Thai, Lao, Khmer and Vietnamese languages also have separate words for this number: แสน, ແສນ, សែន (all saen), and ức respectively. The Malagasy word is hetsy. [1] In the Netherlands, a 'ton' is a colloquialism for a denomination of 100.000 monetary units. In the guilders period a ton would denote 100.000 guilders. With ...