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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. [29]
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 ...
These foreign-currency deposits are the financial assets of the central banks and monetary authorities that are held in different reserve currencies (e.g., the U.S. dollar, the euro, the pound sterling, the Japanese yen, the Swiss franc, the Indian rupees and the Chinese renminbi) and which are used to back its liabilities (e.g., the local ...
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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.
100 Canadian dollar $ CAD Cent: 100 Saint Vincent and the Grenadines: Eastern Caribbean dollar: EC$ XCD Cent: 100 Samoa: Samoan tālā $ WST Sene: 100 San Marino: Euro € EUR Cent: 100 São Tomé and Príncipe: São Tomé and Príncipe dobra: Db STN Cêntimo: 100 Saudi Arabia: Saudi riyal: Rl or Rls (pl.) SAR Halala: 100 Senegal: West African ...
Canada was also among the nations that deployed peacekeepers to the disputed region of Kashmir in 1949, shortly after the Indo-Pakistani War of 1947–1948, and has since strongly advocated for a peaceful solution to the India–Pakistan conflict over Kashmir. Today, Canada is home to one of the largest Pakistani diasporas, with population ...
IMF: Values are based upon GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). Exchange rate projections are provided by country economists for the group of other emerging market and developing countries.