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Since the United States dollar suspension in 1971 of convertibility of paper currency into any precious metal, the Pakistani rupee has been fiat money. Before the collapse of Bretton Woods system, the currency was pegged at a fixed exchange rate to the United States dollar for international trade, with the dollar convertible to gold for foreign ...
rupee_value: mandatory: The value, in Pakistani rupees, that needs to be converted. The template will not accept pre-formatted values (e.g. 1,234) currency_formatting: optional: Used to represent larger numbers. Available options include : k – to represent thousand(s) l – to represent lakh(s) c – to represent crore(s) m – to represent ...
The template supports inflation calculation, by way of {{}}.If the second parameter is used, to specify a year, and this year is within a certain range of available inflation data (specifically, if 1960 ≤ year < 2021), the equivalent value represented in 2021 rupee will be calculated in parentheses.
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.
Template calculates a value of Indian Rupees, which you can enter, to another currency and then presents the results. Template parameters [Edit template data] This template prefers inline formatting of parameters. Parameter Description Type Status Rupee value 1 The value, in Indian Rupees, that needs to be converted. The template will not accept pre-formatted values (i.e. 1,234). Example ...
I. I. Chundrigar Road, Serai Quarter, Karachi-74000, Pakistan: Established: 7 January 1948; 77 years ago () Ownership: 100% state ownership [1] Governor: Jameel Ahmad: Central bank of Pakistan: Currency: Pakistani rupee (₨) PKR Reserves: $9.120 billion (May 2024) [2] Reserve requirements: 6.00% [3] Bank rate: 15% [4] Interest rate target: 16. ...
Paisa (also transliterated as pice, pesa, poysha, poisha and baisa) is a monetary unit in several countries.The word is also a generalised idiom for money and wealth. In India, Nepal, and Pakistan, the paisa currently equals 1 ⁄ 100 of a rupee.
The issuance of the Indian currency is controlled by the Reserve Bank of India, and issuance of Pakistani currency is controlled by State Bank of Pakistan. Currently in India (from 2010 onwards), the 50 paise coin (half a rupee) is the lowest valued legal tender coin.