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The United Kingdom's pound sterling was the primary reserve currency of much of the world in the 19th century and first half of the 20th century. [1] However, by the middle of the 20th century, the United States dollar had become the world's dominant reserve currency.
The bank's primary focus of lending is infrastructure projects [144] [145] with authorized lending of up to $34 billion annually. [145] South Africa hosts the African headquarters of the bank. [146] The bank has a starting capital of $50 billion, with wealth increased to $100 billion over time. [147]
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]
Sterling (ISO code: GBP) is the currency of the United Kingdom and nine of its associated territories. [3] The pound is the main unit of sterling, [4] [c] and the word pound is also used to refer to the British currency generally, [7] often qualified in international contexts as the British pound or the pound sterling. [4]
From 1850 to 1947, India's GDP in 1990 international dollar terms grew from $125.7 billion to $213.7 billion, a 70% increase, or an average annual growth rate of 0.55%. This was a higher rate of growth than during the Mughal era (1600–1700), when it had grown by 22%, an annual growth rate of 0.20%, or the longer period of mostly Maratha ...
Since it is possible to find sequences of 36 consecutive integers such that each inner member shares a factor with either the first or the last member, 36 is an Erdős–Woods number. [11] The sum of the integers from 1 to 36 is 666 (see number of the beast). 36 is also a Tridecagonal number. [12]
The external debt/GDP ratio rose from 42% to 50%, accompanied by increases in the external debt/exports ratio (from 209% to 258%) and the debt service ratio (from 18% to 27%). A deteriorating external debt profile led to a rise in domestic debt, reaching Rs. 909 billion, and a domestic debt/GDP ratio of 42%.
As of 2021, with 3000 pharmaceutical companies and 10,500 manufacturing units, India is the world's third-largest pharmaceutical producer, largest producer of generic medicines and supply up to 50–60% of global vaccines demand, these all contribute up to US$ 24.44 billions in exports and India's local pharmaceutical market is estimated up to ...