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From 1946 to the early 1970s, the Bretton Woods system made fixed currencies the norm; however, during 1971, the US government decided to discontinue maintaining the dollar exchange at 1/35 of an ounce of gold and so its currency was no longer fixed. [3] After the end of the Smithsonian Agreement in 1973, most of the world's currencies followed ...
Market capitalization set a record high on 6 October 2009 as the CSE reached the රු.1 trillion mark for the first time. [10] ASPI set a record of 3549.27 points on 11 January 2010. [ 11 ] CSE was the best performing stock exchange in the world in 2009 as it jumped 125.2 percent during that year.
The Fed began easing its main interest rate from a two-decade high in September, hoping to offer more support for the job market. The central bank had appeared set to continue cutting rates into ...
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The Sri Lankan economic crisis [8] is an ongoing crisis in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
West Texas Intermediate crude oil was up 1.88% to $69.98 a barrel. Brent crude , the international benchmark, was higher by 1.56% to $74.20 a barrel. Gold was higher by 0.16% to $2,734.50 an ounce.