Ads
related to: gold rate dubai rupees today in pkr currency news- 10 Best Gold Firms
Compare and Buy Silver Safely
See Our Brands Comparison
- Guide for Buying Gold
Top 10 Silver Companies Reviews
Trusted Silver Company Reviews
- Gold IRA Investments
Protect Your Wealth with Silver IRA
Diversify Safely with Silver IRA
- Precious Metals Companies
Expert Precious Metals Comparisons
Precious Metal Investments Compared
- Gold and Silver Companies
Gold and Silver Investment Compared
Top 10 Gold and Silver Companies
- Buying Silver Top Guide
Compare the Top 10 Silver Companies
Review Best Silver Investments Site
- 10 Best Gold Firms
Search results
Results From The WOW.Com Content Network
Before the collapse of Bretton Woods system, the currency was pegged at a fixed exchange rate to the United States dollar for international trade, with the dollar convertible to gold for foreign governments only. The rupee was pegged to British Pound until 1982 when the government of General Zia-ul-Haq changed to a managed float. As a result ...
The DGCX Gold Futures, when launched in 2006, introduced a new pricing benchmark for gold in the UAE – the One kilo bar gold futures contract. In 2007, DGCX launched the world's first Rupee Futures contract, which has seen rapid volumes growth over the last few years driven primarily by demand from the GCC's large non-resident Indian community.
The Indian rupee was pegged to the British pound at a rate of 13 1 ⁄ 3 Indian rupees = 1 pound. The Government of India had complained of gold traffickers in the Gulf region whose base of operations was constantly being broadened, especially in Kuwait, Bahrain and Dubai.
Gold prices were set to end a record-breaking year on a positive note on Tuesday as robust central bank buying, geopolitical uncertainties and monetary policy easing fuelled the safe-haven metal's ...
The Indian rupee was the official currency of Dubai and Qatar until 1959, when India created a new Gulf rupee (also known as the "external rupee") to hinder the smuggling of gold. [14] The Gulf rupee was legal tender until 1966, when India significantly devalued the Indian rupee and a new Qatar-Dubai riyal was established to provide economic ...
In 1966, India devalued the rupee, prompting Qatar, Dubai, and all the Trucial States with the exception of Abu Dhabi, to introduce a new riyal unit at par with the pre-devaluation rupee. Abu Dhabi instead chose to adopt the Bahraini dinar, and in 1973 it changed to the United Arab Emirates dirham in line with the rest of the sheikdoms in the UAE .