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Revaluation is a change in a price of a good or product, or especially of a currency, in which case it is specifically an official rise of the value of the currency in relation to a foreign currency in a fixed exchange rate system.
In finance, a revaluation of fixed assets is an action that may be required to accurately describe the true value of the capital goods a business owns. [1] This should be distinguished from planned depreciation, where the recorded decline in the value of an asset is tied to its age.
Bank Central Asia's beginnings began in 1955, founded as "NV Perseroan Dagang Dan Industrie Semarang Knitting Factory" by businessman Lim Sioe Liong. BCA commenced operations on 21 February 1957 with Head Office located in Jakarta. [citation needed] Effective on 2 September 1975, the name of the Bank was changed to PT Bank Central Asia (BCA).
In practice, however, specie flows during the classical gold standard era failed to exhibit the self-corrective behavior described above. Gold finding its way back from surplus to deficit countries to exploit price differences was a painfully slow process, and central banks found it far more effective to raise or lower domestic price levels by lowering or raising domestic interest rates.