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However, excluding the pegged (fixed exchange rate) currencies, there are only 130 currencies that are independent or pegged to a currency basket. Dependencies and unrecognized states are listed here only if another currency is used on their territory that is different from the one of the state that administers them or has jurisdiction over them.
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.
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An airline ticket showing the price with ISO 4217 code "EUR" (bottom left) and not with euro currency sign " € "ISO 4217 is a standard published by the International Organization for Standardization (ISO) that defines alpha codes and numeric codes for the representation of currencies and provides information about the relationships between individual currencies and their minor units.
The country has a relatively high, although declining, growth rate supported by high birth rates and low death rates. Between 1998 and 2017, the average annual population growth rate stood at +2.40%.
In the 2010s Pakistan's high domestic consumption and demand, pegged rupee exchange rate, import-led growth, low inflation and increased government spending on infrastructure projects such as the China-Pakistan Economic Corridor (CPEC) led to a Balance of Payments Crisis, as the country's foreign exchange outflows increased rapidly. [10]
The introduction of the euro in 2002, with its various exchange rates, distorted existing nominal price patterns while at the same time retaining real prices. A European wide study (el Sehity, Hoelzl and Kirchler, 2005) investigated consumer price digits before and after the euro introduction for price adjustments.
Accompanying this structural adjustment was an expansion in trade conducted at the secondary rate, to 53 percent of total exports and 28 percent of total imports. [23] In mid-1987, the official rate was relatively stable, approaching less than ৳31 to US$1. [ 23 ]