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In February 1973, the dinar was pegged to the US dollar at a rate of 0.29679 dinar per dollar (LD 1 = US$3.37), which was maintained until 1986. The peg was switched to the special drawing rights on 18 March 1986, with 1 dinar = 2.80 SDRs. On 1 May 1986, the dinar was allowed to trade in a 7.5% range of 2.80 SDRs.
US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador El Salvador Marshall Islands Micronesia Palau Panama Timor-Leste Andorra Monaco San Marino Vatican City Kosovo Montenegro Kiribati Nauru Tuvalu; Currency board (11) Djibouti Hong Kong ; ECCU Antigua and Barbuda Dominica
Many African countries change their currency's appearance when a new government takes power (often the new head of state will appear on bank notes), though the notional value remains the same. Also, in many African currencies there have been episodes of rampant inflation, resulting in the need for currency revaluation (e.g. the Zimbabwe dollar).
A car attack (aftermath pictured) at a Christmas market in Magdeburg, Germany, kills five people and injures more than two hundred others. In France, Dominique Pelicot and 49 other men are convicted of the serial rape of his then-wife Gisèle Pelicot. A 7.3-magnitude earthquake hits Vanuatu's capital, Port Vila, leaving at least sixteen people ...
banning the use of foreign currency within the country; banning locals from possessing foreign currency; restricting currency exchange to government-approved exchangers; fixed exchange rates; restricting the amount of currency that may be imported or exported; Often, foreign exchange controls can result in the creation of black markets in ...
The Ethiopian government used money from a World Bank-financed health and education initiative to brutally evict thousands of villagers , according to former government officials who helped carry out the forced removals. The World Bank, the planet's most influential development lender, has denied responsibility.
As of 2022, poverty was affecting 69% of Syria’s population, according to the World Bank. Extreme poverty affected more than one in four Syrians in 2022, the World Bank said, adding that this ...
On 14 October 2022, NBE issued foreign currency restriction to control local forex. 38 imported goods were prohibited such as liquors, automobiles, furniture, foods among others unless they register to national banks to approve accessing the foreign currency. The restriction includes Ethiopian birr more than 3,000 and US dollar, applied to ...