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The Sudanese pound was devalued on 23 February 2021, with the official (indicative) exchange rate set to LS 375.08 per US dollar (from the fixed rate of LS 55), closing the gap between the commercial and black market exchange rates. [9] [10] [11] In July 2024, the Sudanese pound depreciated to LS 2100 per US dollar in the parallel market. [12]
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2] Exchange rate arrangement (Number of countries) Exchange rate anchor Monetary aggregate target (25) Inflation Targeting framework (45) Others (43) US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador ...
NBE announced the birr would be devalued by 30% against the US dollar to promote a market-based foreign exchange system amidst the country's foreign exchange crisis. Many Ethiopians were concerned that the policy would increase the cost of living and exacerbate inflation. [2]
Flemish pound – Burgundian Netherlands; French colonial pound – French Guiana, Guadeloupe, Haiti, Martinique, Mauritius and Réunion; French pound – France; Gambian pound – The Gambia; Georgia pound – Georgia; Ghanaian pound – Ghana; Gibraltar pound – Gibraltar; Guadeloupe pound – Guadeloupe; Guernsey pound – Guernsey (not an ...
On 3 January 2021, the dinar was devalued to US$1 = LD 4.48 for all transactions following exchange rate unification, closing the gap between the official and black market exchange rates. [ 4 ] Coins
Fixed currency Anchor currency Rate (anchor / fixed) Abkhazian apsar: Russian ruble: 0.1 Alderney pound (only coins) [1]: Pound sterling: 1 Aruban florin: U.S. dollar: 1.79
This exchange value of 97.5 piastres to the pound sterling continued until the early 1960s when Egypt devalued slightly and switched to a peg to the United States dollar, at a rate of E£1 = US$2.3. The Egyptian pound continued with its exchange rate of £E = £1 0s 6d sterling until the beginning of the 1960s.
In floating exchange rate regimes, exchange rates are determined in the foreign exchange market, [6] which is open to a wide range of different types of buyers and sellers, and where currency trading is continuous: 24 hours a day except weekends (i.e. trading from 20:15 GMT on Sunday until 22:00 GMT Friday).