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The dimensions of the modern (small-size) U.S. currency is identical to the size of Philippine peso banknotes issued under United States administration after 1903, which had proven highly successful. [56] The American large-note bills became known as "horse blankets" or "saddle blankets". [57]
[145] [146] [147] These policies included maintaining a fixed dollar-rupee exchange rate, supported by foreign currency loans, keeping the State Bank of Pakistan's policy rate low, and managing inflation through subsidies and cheap imports. While aimed at regulating the economy, these measures faced criticism for lacking long-term sustainability.
The name "Zimbabwe" stems from a Shona term for Great Zimbabwe, a medieval city in the country's south-east.Two different theories address the origin of the word. Many sources hold that "Zimbabwe" derives from dzimba-dza-mabwe, translated from the Karanga dialect of Shona as "houses of stones" (dzimba = plural of imba, "house"; mabwe = plural of ibwe, "stone").
The Australian dollar (sign: $; code: AUD; also abbreviated A$ or sometimes AU$ to distinguish it from other dollar-denominated currencies; [2] [3] and also referred to as the dollar or Aussie dollar) is the official currency and legal tender of Australia, including all of its external territories, and three independent sovereign Pacific Island states: Kiribati, Nauru, and Tuvalu.
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 ...
It was established on 8 August 1941 under the Hyderabad State Bank Act. The bank managed the Osmania Sicca (Hyderabadi rupee), the currency of the state of Hyderabad. It was the only state in India that had its currency, and the only state in British India where the ruler was allowed to issue currency. In 1953, the bank absorbed, by merger, the ...