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The economy of Nepal is a developing category and is largely dependent on agriculture and remittances. [6] Until the mid-20th century Nepal was an isolated pre-industrial society, which entered the modern era in 1951 without schools, hospitals, roads, telecommunications , electric power, industry, or civil service.
The dollar had broadened its advance last week to sweep over sterling as well, driving it to an eight-month low of $1.2349. The pound was last looking none too steady at $1.2435.
United States dollar: Banco Central de Timor-Leste: float Fiji: Fijian dollar: Reserve Bank of Fiji Georgia: Georgian lari: National Bank of Georgia Hong Kong: Hong Kong dollar: Hong Kong Monetary Authority: 1 USD = 7.80 HKD India: Indian rupee: Reserve Bank of India Indonesia: Indonesian rupiah: Bank Indonesia Iran: Iranian rial
The economy of Asia comprises about 4.7 billion people (60% of the world population) living in 50 different nations. [1] [2] Asia is the fastest growing economic region, as well as the largest continental economy by both GDP Nominal and PPP in the world. [11] Moreover, Asia is the site of some of the world's longest modern economic booms.
Good news on the U.S. economy is back to being bad for Wall Street, and the stock market slumped Tuesday following better-than-expected reports on the job market and business activity. The S&P 500 ...
High foreign debt, economic mismanagement under the governments of Gotabhaya and Mahinda Rajapaksa, [150] and lower tourism revenue led to the country defaulting on its sovereign debt in April 2022. [151] The economy contracted 7.8% in 2022, and the percentage of the population earning less than $3.65 a day doubled to around 25% of the population.
The 1997 Asian financial crisis was a period of financial crisis that gripped much of East and Southeast Asia during the late 1990s. The crisis began in Thailand in July 1997 before spreading to several other countries with a ripple effect, raising fears of a worldwide economic meltdown due to financial contagion. [1]
In Nepal’s Solukhumbu district, just across the border from the Chinese county at the epicenter, the tremors brought back memories of the devastating 7.8-magnitude earthquake that struck near ...