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This parameter allows for inflation. Historic rupee values will be inflated to current values then converted. to: optional: This parameter allows for conversion to various different currencies (and some combinations). The US, Canadian, NZ and Australian dollars, the euro, the UK pound and the Bangladeshi taka are supported.
4.5 Indian Rupee as exchange rate anchor. ... Pakistan ; Free floating (33) ... US dollar as exchange rate anchor
US dollar-Pakistani rupee exchange rate. Between 1948 and July 1955, the Pakistani rupee was effectively pegged to the U.S. dollar at approximately Rs.3/31 per U.S. dollar. Afterwards, this was changed to approximately Rs.4/76 per U.S. dollar, a devaluation of 30%, to match the Indian rupee's value. [30]
This is a list of tables showing the historical timeline of the exchange rate for the Indian rupee (INR) against the special drawing rights unit (SDR), United States dollar (USD), pound sterling (GBP), Deutsche mark (DM), euro (EUR) and Japanese yen (JPY). The rupee was worth one shilling and sixpence in sterling in 1947.
In terms of time usage, both the 24-hour clock and 12-hour clock are widely used in the country. The 12-hour notation is widely used in daily life, written communication, and is used in spoken language.
The Pakistani rupee depreciated against the US dollar until around the start of the 21st century, when Pakistan's large current-account surplus pushed the value of the rupee up versus the dollar. Pakistan's central bank then stabilized by lowering interest rates and buying dollars, in order to preserve the country's export competitiveness.
In late January, Pakistan lifted the artificial cap on its currency, causing the rupee to plunge 20% against the dollar in a few days. The government raised fuel prices by 16%. And the Pakistani central bank raised its interest rate by 100 basis points to battle the country's highest inflation in decades, expected to be as high as 26% in ...
The Federal budget 2015–16 is the federal budget of Pakistan for the fiscal year beginning from 1 July 2015 and ending on 30 June 2016. The budget was presented in the Parliament by the Minister of Finance , Ishaq Dar on June 5, 2015.