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The rupee was pegged to British Pound until 1982 when the government of General Zia-ul-Haq changed to a managed float. As a result, the rupee devalued by 38.5% between 1982–83 and 1987–88 and the cost of importing raw materials increased rapidly, causing pressure on Pakistani finances and damaging much of the industrial base.
The Pakistani rupee has remained relatively stable against the US dollar since 2015, though it declined about 10 percent between November 2017 and March 2018. [1] Balance of payments concerns have also reemerged as a result of a significant increase in imports and weak export and remittance growth.
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.
View history; General What links here; ... Australian dollar: AUD $, A$ 6.8%: 6.4%: 0.4pp Canadian dollar: CAD ... Indian rupee: INR ...
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.
Each currency typically has a main currency unit (the dollar, for example, or the euro) and a fractional unit, often defined as 1 ⁄ 100 of the main unit: 100 cents = 1 dollar, 100 centimes = 1 franc, 100 pence = 1 pound, although units of 1 ⁄ 10 or 1 ⁄ 1000 occasionally also occur.
Nauru (since 1914; also issues non-circulating Nauran collector coins pegged to the Australian dollar) [33]: 17 [34] Tuvalu (since 1892; also uses its own coins ) [ 33 ] : 17 Zimbabwe (alongside the United States dollar , South African rand , Botswana pula , Japanese yen , several other currencies and U.S. dollar-denominated bond coins and bond ...
Australian dollar $ AUD Cent: 100 Nepal: Nepalese rupee: रु NPR Paisa: 100 Indian rupee ₹ INR Paisa: 100 Netherlands [F] Euro € EUR Cent: 100 New Caledonia: CFP franc ₣ XPF Centime: 100 New Zealand: New Zealand dollar $ NZD Cent: 100 Nicaragua: Nicaraguan córdoba: C$ NIO Centavo: 100 Niger: West African CFA franc: F.CFA XOF Centime ...