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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
USD / RUB exchange rate 1994–2023 EUR / RUB exchange rate. The first Russian ruble (RUR) introduced in January 1992 depreciated significantly versus the US dollar from US$1 = 125 RUR to around US$1 = 6,000 RUR (or 6 RUB) when it was redenominated in January 1998. The new ruble then depreciated rapidly in its first year to US$1 = 20 RUB before ...
Instead the euro's stability and future existence was put into doubt, which reduced its share of global reserves to 19% as of year-end 2015 (vs 66% for USD). As of year-end 2020 these figures stand at 21% for EUR and 59% for USD. The percental composition of currencies of official foreign exchange reserves from 1995 to 2022. [14] [15] [16]
For a more exhaustive discussion of countries using the U.S. dollar as official or customary currency, or using currencies which are pegged to the U.S. dollar, see International use of the U.S. dollar#Dollarization and fixed exchange rates and Currency substitution#US dollar. Countries using the U.S. dollar as their official currency include:
Minimum wages by country (other territories). Currencies: local, USD, Eur, and Int$ PPP. Country Monthly minimum wage Hourly rate (gross) Exchange rate to EUR Effective at Net Net [7] [i] Gross Local currency Local USD PPP [7] [ii] Kosovo: 326 [214] 937 350 €350.00 [215] [216] €2.00 [217] 2.18 [218] 5.75 1 1 Oct 2024 Northern Cyprus: 944 ...
In the absence of an international mechanism tying the dollar to gold via fixed exchange rates, the dollar became a pure fiat currency and as such fell to its free market exchange price versus gold. Consequently, the price of gold rose from $35/ounce (1.125 $/g) in 1969 to almost $500 (29 $/g) in 1980.
Money serves three purposes: a store of value, a medium of exchange, and a unit of account. [103] According to The Economist in 2014, bitcoin functions best as a medium of exchange. [103] In 2015, The Economist noted that bitcoins had three qualities useful in a currency: they are "hard to earn, limited in supply and easy to verify". [104]
Although DAB tried to keep its official rate close to the Sarai Shahzada exchange rate, the gap between the official and free-market exchange rates widened in the 1980s and during the civil war thereafter. The afghani traded at Afs. 67 to one US dollar in 1973. After the start of a civil war in 1992, the same US dollar bought Afs. 16,000. [19]