Search results
Results From The WOW.Com Content Network
Slang terms for money often derive from the appearance and features of banknotes or coins, their values, historical associations or the units of currency concerned. Within a language community, some of the slang terms vary in social, ethnic, economic, and geographic strata but others have become the dominant way of referring to the currency and are regarded as mainstream, acceptable language ...
The current currency sign of Turkish lira was created by the Central Bank of the Republic of Turkey in 2012. The new sign was selected after a country-wide contest. [ 68 ] The new symbol is composed of the letter L shaped like a half anchor, and embedded double-striped letter T angled at 20 degrees.
India continues to be vulnerable to effects of global commodity prices, particularly the price of crude oil. The long-term effects include a heightened vulnerability to an increase in the import bill and Current Account Deficit, depreciation of the Indian Rupee and an inflationary impact associated with a rise in crude oil prices. [80]
The preamble of the Reserve Bank of India describes the basic functions of the reserve bank as: [13]...to regulate the issue of Bank notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage; to have a modern monetary policy framework to meet the challenge of an increasingly complex ...
Oil has plummeted to 18-year low of $22 per barrel in March, and Foreign Portfolio Investors (FPIs) have withdrawn huge amounts from India, about US$571.4 million. While lower oil prices will shrink the current account deficit, reverse capital flows will expand it. Rupee is continuously depreciating. MSMEs will undergo a severe cash crunch. [365]
It is largely service-based, with a significant share of agricultural and industrial sectors. The GDP of the state was ₹9,76,514 crores (US$120 billion) at the current market price (2024–25). [10] This state also has a small industrial sector. As of 2021, agriculture accounts for 24%, industry 15% and service 61% of the economy of the state ...