THE adoption of the multiple-currency system in Zimbabwe after 10 years of hyperinflation characterised by acute foreign currency shortages and low investment has ushered economic stability but it has also caused even worse economic challenges. During the period‚ across all sectors of the economy‚ there has been no capital re-investment and post-dollarisation companies have failed to recapitalise due to serious shortages and the cost of money. The prevailing pricing system in the country was distorted
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Until 1997‚ Asia attracted almost half of the total capital inflow into developing countries. The economies of Southeast Asia in particular maintained high interest rates attractive to foreign investors looking for a high rate of return. As a result the region’s economies received a large inflow of money and experienced a dramatic run-up in asset prices. At the same time‚ the regional economies of Thailand‚ Malaysia‚ Indonesia‚ Singapore‚ and South Korea experienced high growth rates‚ 8–12% GDP‚
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Six reasons why India’s rupee is in freefall Since July last year‚ the Indian rupee has fallen by more than 27% against the US dollar‚ one of the biggest declines among Asian currencies. Here are six main reasons for the steady slump in the value of India’s currency: UGE TRADE DEFICIT Continue reading the main story US Dollar v Indian Rupee Last Updated at 19 Jul 2013‚ 22:06 GMT $1 buys | change | % | 59.3950 | 0.00 | 0.00 | Since India imports more goods (in value terms) than it
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monetary reserve within Ecuador and how it is made. Body: The monetary reserve is the money that has the state and especially now under the dollarization system‚ is reflected in the accounts of the monetary reserve‚ and therefore is crucial to check periodically figures. In Ecuador‚ the monetary reserve is composed of these elements: • Central government money which is called treasury account. • Savings Social Security Institute • Money that supports printing money (fractional currency) •
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in the currency depreciation and stock market. Starting in Thailand‚ the Thai baht devalued swiftly and lost more than half of its value and the Thai stock market also dropped 75%. As a consequence‚ many banks and companies had to declare bankruptcy. Due to the economic globalization‚ following Thailand‚ almost all of the Asian countries were plunged into severe economic difficulties. The crisis forced most Asian currencies to depreciate precipitously in a short period‚ and their currencies’ exchange
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Who is Right? Exchange Rate Regimes in Practice Pegged Exchange Rates Currency Boards CRISIS MANAGEMENT BY the imf Financial Crisis in the Post-Bretton Woods Era Mexican Currency Crisis of 1995 The Asian Crisis Evaluating the IMF’s Policy Prescriptions Country Focus: Turkey and the IMF FOCUS ON mANAGERIAL IMPLICATIONS Currency Management Business Strategy Management Focus: Airbus and the Euro Corporate
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the way an authority manages its currency in relation to other currencies and the foreign exchange market. It is closely related to monetary policy and the two are generally dependent on many of the same factors. The basic types are 1. Floating exchange rate‚ where the market dictates movements in the exchange rate Floating rates are the most common exchange rate regime today. For example‚ the dollar‚ euro‚ yen‚ and British pound all are floating currencies. However‚ since central banks frequently
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physical commodity‚ for example gold. The only thing that gives money value is its relative scarcity and the confidence placed in it by the people that use it. Fiat money enables currency speculation and arbitrage to increase‚ for example the East Asian crisis 1997. The proposed gold dinar will not replace the domestic currencies. It will be used only for external trade among the participating countries. For the initial stage‚ gold dinar will be used for Bilateral Payment Agreements (BPAs) and will be
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cement industry. General Public – The general public could use the product as a cheap substitute for coal. Beneficiaries: Government – The bio solids would reduce the country’s requirement for coal import‚ thus saving the valuable foreign exchange reserve. The money spent by the municipal corporations for the treatment of such waste would be saved. Instead‚ the product would act as a source of revenue. Organizations – All the organizations that require coal for production could benefit from the product
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Date/year Currency Selling TT & OD Buying TT Clear Buying OD/T.CHQ 30-Jun-1999 UD$ 51.9 51.4 51.3703 29-May-2000 UD$ 51.9 51.4 51.3747 30-May-2001 UD$ 63.5 63 62.88 30-May-2002 UD$ 60.5 60 59.92 30-May-2003 UD$ 57.75 57.55 57.47 29-May-2004 UD$ 57.8 57.6 57.52 30-May-2005 UD$ 59.7 59.5 59.39 30-May-2006 UD$ 60.4 60.2 60.07 30-May-2007 UD$ 60.83 60.63 60.46 30-May-2008 UD$ 67 66.8 66.62 30-Apr-2009 UD$ 80.45 80.25 80.07 Monthly Chart from
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