Pakistani Rupee's Devaluation

[Hina 11(MISS Einstein)]

After May's massive devaluationwhen its value reached the new low of 70rps per $,now it is further downsliding as touching 74 rps per $......


as the CENTRAL BANK z monitoring the continuous fluctuation of pakistani rupee,it has come up with certain regulations as...


1: it has suspended forward booking of dollar.


2:it has reduced trading time.


3:it has reduced advanced payment from 50% to 25% against import.though earlier the importers were allowed to buy US $ in advance to the xtent 50% of the value of Theirs imports.

4:Central Bank announced to make 100% payments for oil imports by itself..

bt still there z a fear that rupee may devalue further ion the upcoming days bc of increasing demands of dollars by importers..


such a DEVALUATION has affected mopst of the economic targets even those of foreign debt repayment and servicing and imports as well..


according to STATE BANK OF PAKISTAN the data of countrys foreign debts and liabilities which was 45.9 billion dollars in MARCH2008 will also increase further due to depreciation of rupee...though it was 40.5 billion dollars on 30 june 2007..
however economists believe that bc of this v fact our country would hv 2 resort to borrowing from INTERNATIONAL FINANCIAL INSTITUTIONS as IMF....

it z observd that increasing prices of pulses,edioble oil and wheat hv disturbd the budget of a common man and sch a recent devaluation will put further burden on his pocket...it will add to inflation,which z already here in double digits.........


According to Chairman of the karachi wholesale Grocers Association, ther will b further increase in the prices of food items,which r already v high,jst bc of rupee's devaluation.


Economists and Bankers believe tat such depriciation z the result of increase in gap btw imports and xports.


According to Federal Bureau Of Statistics,our country's imports increased to all time high of $39.968 billion in the financial year of 2007-08 against $30.539 billion in the previous financial year,thus registering a growth of 30.87%.


Economists r concernd abt declining investment in the country as currently no FOREIGN DIRECT INVESTMENT z coming into country.Actually invesyment z going out of country...


despite the fact that Pakistan z an agricultural sector,it has 2 import food items..as the import of WHEAT cost Pakistan 800 million$ last financial yr,while on import of COTTON our country spent rps 40 billion,bc local varities were attackd by pests...

it z now SUGGESTED...

1:import of luxury items should b banned.

2:govt should give incentives to the agricultural sector so that it could produce more wheat and cotton to reduce the import bill.


3:the consumption of petroleum products can b reduced by converging buses and other vehicles on CNG(compressed natural gas).

4: discouraging rampanT car financing..

now in sch scenario our govt needs to announce a proper Privatisation programme and to adopt sch measures to attract FDI...

however it also needs 2 reduce domestic and foreign borrowing jst for the only and major purpose of stabilising and rebuilding PAKISTAN'S FALLING ECONOMY......

NOW HOPING 4 THE BEST.....

[Hina 11(MISS Einstein)]

As the pakistani rupee z heading further towards devaluation,it z putting a lot of pressure on a common man...

as there z also getting increase n the prices of petroleum products...


as:


*petrol price z hiked by 11Rps per litre,


*desel by 9.5 rps

*kerosene by 8.64 rps...

price of petrol in internatinal market nowadays z $129 per barrel(159litres),which means price amounting to 53 rps per litre.
bt here commodity z being sold at 86.66rps....

now the question arises,where the subsidy given by govt z going???

this z the 4th time that people friendly elected govt has raised POL prices upwards since APRIL this year..

*in APRIL,rate of petrol was 65.81 rps

*in MAY it jumped on to 68.81 rps

*it raised to 75.69 rps in JUNE

*and till now finally upto 86.66 rps in JULY20....

THE OGRA rates shows:

* petrol price z 86.66 rps bt as ysual the filling stations r charging more as 87 rps per litre....


*diesel rate z 654.64 per litre bt z charged at stations at 65.75 rps per litre...

it z ironic that still the ultimate sufferers r jst v the consumers...

our govt z claiming that it was providing 50rps as subsidy per litre,bt still it was being sold at rps86.66.....

v the common people could not understand where the subsidy z being paid????

now....


CNG...

VICE PRESIDENT of All Pakistan CNG Association GHAUS AHMAD PARACHA accused govt of conspiring against the CNG industry...


as govt has recently made changes in CNG policy to bring GAS price high upto petrol's price so tat consumers could b forced 2 use petrol...

govt has been giving subsidies on petroleum as to provide them at cheaper rates after purchasing from international market bt govt z creating gas crisis jst 2 benefit tycoons associated vd petroleum products....


despite increase n the CNG rate as 5.58rps per kg, NWFP association raised the price of per kg gas from rps 40.50 to rps 49.44 on 6th july,2008....


The people are of th view that sch an increase z affecting a common man bc gas has been considered to b the cheaper fuel 4 running vehicle.....



in sch situation and competition btw sch tycoons and industrialists,who r the sufferers?????

[Syed Gohar A Shah]

Profoundly written.....

"would be very fruitfull for the members of the CSS forum"

[Faraz_1984]

@
Miss Hina

Marvelous job

I just want to add bit hopefully you will allow

Thank you


Few things which you missed I love to add here

Import duty is 12.3% (lot of economist say it’s on per liter)

These duties are in addition to

GST,

Excise duty,

Dealer commission,

Company margin,

Ocean and evaporation losses,

wharfage,

Insurance,

Banking costs


Let me add something further in past Saudia and Arab countries has given free fuel too which much consider

Pakistan Current account deficit is 14.3 billion $ just because of petrol price

When one Rupees of paki currency down 1 rupee our external loan increase 42.3 Million

External loan is 42.3 Billion$
Internal load 3300 Arab (Jan 2008) surely they have increase

[Hina 11(MISS Einstein)]

Ministry of OGRA has been directed by Sindh High Court to comment n the fact,as y it has increased the rates of CNG that mch and out of its own will to high xtent....


it was submitted in petition that CNG was sold at 38.25rps per kg before 1st july and it was announced by the Ministry of PETROLEUM that the prices of CNG had been increased by 31% which means 13 rps per kg of CNG,while raising its price up2 51.25rps per kg on CNG stations...

Very soon after that announcment CNG dealers started charging xtra 13rps per kg from general public,irrespective of the fact that as such no notification was issued in this regard...
However later govt clarified the price of CNG was raised by 5.58rps per kg and not 13rps,which then made price of CNG as 43.83rps per kg....
According to petitioners,even after the clarification being made by the govt regarding increased rate,CNG stations r still selling CNG at the rate of 47.25 rps per kg,rather charging 3.42rps xtra...

However court z now waiting 4 the response from the respondent side....

now wait and watch,wt happens in the return......

[Hina 11(MISS Einstein)]

Ministry of OGRA has been directed by Sindh High Court to comment n the fact,as y it has increased the rates of CNG that mch and out of its own will to high xtent....


it was submitted in petition that CNG was sold at 38.25rps per kg before 1st july and it was announced by the Ministry of PETROLEUM that the prices of CNG had been increased by 31% which means 13 rps per kg of CNG,while raising its price up2 51.25rps per kg on CNG stations...

Very soon after that announcment CNG dealers started charging xtra 13rps per kg from general public,irrespective of the fact that as such no notification was issued in this regard...
However later govt clarified the price of CNG was raised by 5.58rps per kg and not 13rps,which then made price of CNG as 43.83rps per kg....
According to petitioners,even after the clarification being made by the govt regarding increased rate,CNG stations r still selling CNG at the rate of 47.25 rps per kg,rather charging 3.42rps xtra...

However court z now waiting 4 the response from the respondent side....

now wait and watch,wt happens in the return......

[Hina 11(MISS Einstein)]

Recently there has been decrease in the oil price internationally bt according to officials in the oil industry,there will again be shoot up in its price which may reach to $120-$125 per barrel in the end of the year...


they are sure that this act could push thewir govt to attack profits again.


However the international crude oil's price dropped to $114 per barrel on this friday after touching the heights of price hike of around $147 per barrel in early july.


Now present situation z not an indication that price has fallen. it z only dollar that has regained strength against the EURO...


the prica has jst dropped to go up again.

It z found that crude oil will average around $127 per barrel in 2008 against $72.32 in the previous year...


it z required that our govt should stick to the policy.that would need us to provide the infrastructure to meet the demand..

The subsidy provided on diesel,kerosene and light diesel oil z eroding Rs 7billion a week from NATIONAL EXCHEQUER.....


however Saudia Arabia has not deffered any payments against the crude oil it exports..

Foreign exchange reserves are continuing to deplete,weakaning the rupee and aiding inflation.....


In july govt reduced the duty on import of diesel from 10% to 7.5% and the custom duty has been allowed to refineries as revenue....


now wtelse could b done???

economy z going really down....

[Hina 11(MISS Einstein)]

Currency

A currency is a unit of exchange, facilitating the transfer of goods and services. It is a form of money, where money is defined as a medium of exchange (rather than e.g. a store of value). A currency zone is a country or region in which a specific currency is the dominant medium of exchange. To facilitate trade between currency zones, there are exchange rates i.e. prices at which currencies (and the goods and services of individual currency zones) can be exchanged against each other. Currencies can be classified as either floating currencies or fixed currencies based on their exchange rate regime. In common usage, currency sometimes refers to only paper money, as in "coins and currency", but this is incorrect. Coins and paper money are both forms of currency.

In most cases, each country has monopoly control over its own currency. Member countries of the European Monetary Union are a notable exception to this rule, as they have ceded control of monetary policy to the European Central Bank.

In cases where a country does have control of its own currency, that control is exercised either by a Central Bank or by a Ministry of Finance. In either case, the institution that has control of monetary policy is referred to as the monetary authority. Monetary authorities have varying degrees of autonomy from the governments that create them. In the United States, the Federal Reserve operates with full independence from the government. It is important to note that a monetary authority is created and supported by its sponsoring government, so independence can be reduced or revoked by the legislative or executive authority that creates it. In almost all Western countries, the monetary authority is largely independent from the government.

Several countries can use the same name, each for their own currency (e.g. Canadian dollars and US dollars), several countries can use the same currency (e.g. the euro), or a country can declare the currency of another country to be legal tender. For example, Panama and El Salvador have declared US currency to be legal tender, and from 1791-1857, Spanish silver coins were legal tender in the United States. At various times countries have either restamped foreign coins, or used currency board issuing one note of currency for each note of a foreign government held, as Ecuador currently does.

Each currency typically has one fractional currency, often valued at 1/100 of the main currency: 100 cents = 1 dollar, 100 centimes = 1 franc, 100 pence = 1 pound. Units of 1/10 or 1/1000 are also common, but some currencies do not have any smaller units. Mauritania and Madagascar are the only remaining countries that do not use the decimal system; instead, the Mauritanian ouguiya is divided into 5 khoum, while the Malagasy ariary is divided into 5 iraimbilanja. However, due to inflation, both fractional units have in practice fallen into disuse.



Currency - History

Currency - Early Currency
The origin of currency is the creation of a circulating medium of exchange based on a store of value. Currency evolved from two basic innovations: the use of counters to assure that shipments arrived with the same goods that were shipped, and the use of silver ingots to represent stored value in the form of grain. Both of these developments had occurred by 2000 BC.

This first stage of currency, where metals were used to represent stored value, and symbols to represent commodities, formed the basis of trade in the Fertile Crescent for over 1500 years. However, the collapse of the Near Eastern trading system pointed to a flaw: in an era where there was no place that was safe to store value, the value of a circulating medium could only be as sound as the forces that defended that store. Trade could only reach as far as the credibility of that military.

Currency - Coinage
These factors led to the shift of the store of value being the metal itself: at first silver, then both silver and gold. Metals were mined, weighed, and stamped into coins. This was to assure the individual taking the coin that he was getting a certain known weight of precious metal. Coins could be counterfeited, but they also created a new unit of account, which helped lead to banking. It was with Archimedes' principle that the next link in currency occurred: coins could now be easily tested for their fine weight of metal, and thus the value of a coin could be determined, even if it had been shaved, debased or otherwise tampered with. (See Coinage).

In most major economies using coinage, copper, silver and gold formed three tiers of coins. Gold coins were used for large purchases, payment of the military and backing of state activities. Silver coins were used for large, but common, transactions, and as a unit of account for taxes, dues, contracts and fealty, while copper coins represented the coinage of common transaction. In Europe this system worked through the medieval period because there was virtually no new gold, silver or copper introduced through mining or conquest. Thus the overall ratios of the three coinages remained roughly equivalent.

In China, however, the need for credit and for circulating medium led to the introduction of paper money. In Europe paper money was first introduced in Sweden 1661. Sweden was rich on copper but because of copper's low value extraordinarily big coins had to be made. It was probably more convenient to have a note stating your possession of such a coin.

Currency - The Era of Hard and Credit Money
Paper money was, in one sense, a return to the oldest form of currency: it represented a store of value backed by the credibility of the issuing authority. Drafts and checks issued privately had been in intermittent use for centuries, however, it was with the rise of global trade that paper money would find a permanent place in currency.

The advantages of paper currency were numerous: it reduced transport of gold and silver, and thus lowered the risks; it made loaning gold or silver at interest easier, since the specie (gold or silver) never left the possession of the lender until someone else redeemed the note; and it allowed for a division of currency into credit and specie backed forms. It enabled the sale of stock in joint stock companies, and the redemption of those shares in paper.

However, these advantages held within them disadvantages. First, since a note has no intrinsic value, there was nothing to stop issuing authorities from printing more of it than they had specie to back it with. Second, because it created money that did not exist, it was subject to Gresham's Law: people would exchange money rather than coins of the same value, and this increased the velocity of money and therefore increased inflationary pressures, a fact observed by David Hume in the 18th century. The result is that paper money would often lead to an inflationary bubble, which would then collapse when the demand for paper notes fell to zero, and people began demanding hard money. The printing of paper money was also associated with wars, and financing of wars, and therefore regarded as part of maintaining a standing army.

For these reasons, paper currency was held in suspicion and hostility in Europe and America. It was also addictive, since the speculative profits of trade and capital creation were quite large. Major nations established mints to print money and mint coins, and branches of their treasury to collect taxes and hold gold and silver stock.

Currency - Legal Tender Era
With the creation of central banks, currency underwent several significant changes. During both the coinage and credit money eras the number of entities which had the ability to coin or print money was quite large. One could, literally, have "a license to print money"; many nobles had the right of coinage. Royal colonial companies, such as the Massachusetts Bay Company or the British East India Company could issue notes of credit—money backed by the promise to pay later, or exchangeable for payments owed to the company itself. This led to continual instability of the value of money. The exposure of coins to debasement and shaving, however, presented the same problem in another form: with each pair of hands a coin passed through, its value grew less.

The solution which evolved beginning in the late 18th century and through the 19th century was the creation of a central monetary authority which had a virtual monopoly on issuing currency, and whose notes had to be accepted for "all debts public and private". The creation of a truly national currency, backed by the government's store of precious metals, and enforced by their military and governmental control over an area was, in its time, extremely controversial. Advocates of the old system of Free Banking repealed central banking laws, or slowed down the adoption of restrictions on local currency. (See Gold standard for a fuller discussion of the creation of a standard gold based currency).

At this time both silver and gold were considered legal tender, and accepted by governments for taxes. However, the instability in the ratio between the two grew over the course of the 19th century, with the increase both in supply of these metals, particularly silver, and of trade. This is called bimetallism and the attempt to create a bimetallic standard where both gold and silver backed currency remained in circulation occupied the efforts of inflationists. Governments at this point could use currency as an instrument of policy, printing paper currency such as the United States Greenback, to pay for military expenditures. They could also set the terms at which they would redeem notes for specie, by limiting the amount of purchase, or the minimum amount that could be redeemed.

By 1900, most of the industrializing nations were on some form of gold standard, with paper notes and silver coins constituting the circulating medium. Governments too followed Gresham's Law: keeping gold and silver paid, but paying out in notes.

Currency - The Paper Money Era
See the history of paper money.

ISO 4217 Currency codes, Non-decimal currencies, exchange rate, Foreign Exchange, Foreign exchange trading, Foreign exchange market, Foreign exchange service, Optimal Currency Area
Currency - Modern currencies

To find out which currency is used in a particular country, start at the countries of the world or look at the table of historical exchange rates.

Nowadays ISO have introduced a system, ISO 4217, using three-letter codes to define currency (as opposed to simple names or currency signs), in order to remove the confusion that there are dozens of currencies called the dollar and many called the franc. Even the pound is used in nearly a dozen different countries, all, of course, with wildly differing values. In general, the three-letter code uses the ISO 3166-1 country code for the first two letters and the first letter of the name of the currency (D for dollar, for instance) as the third letter.

The International Monetary Fund uses a variant system when referring to national currencies.

For exchange rates, see here.
Currency - Privately-issued currencies

See also: Private currency
From the earliest times token coins were issued by companies in remote parts of the world to overcome the shortage of circulating currency.

Several large companies issue points to their customers, to be redeemed for products and services produced by that company. Often, a network of companies will join to share in the offering and redemption of points. While these can hardly be considered stable currency systems, they present many of the same features as "legitimate" currency: they are a store of value, issued in discrete units; they are controlled by a central issuing authority; and they have varying rates of exchange with other forms of currency. For example, frequent flyer miles can be bought using U.S. dollars.

Alternative currency: A currency such as the Liberty Dollar, with a one-to-one exchange rate with the U.S. Dollar.
Digital gold currency: Privately issued digital currency backed by gold
Frequent flyer miles: A type of private currency, different versions of which are issued by most major airlines to encourage customer loyalty. Other customer loyalty incentives have followed this model, including points systems offered by soft drink manufacturers such as PepsiCo. Subway tokens, issued by city transit authorities, can be considered a highly specialized form of currency.
Scrip: A type of private currency where a certain value is captured, and used to purchase goods from a company. Examples of scrip include gift certificates, gift cards, and Disney Dollars or Canadian Tire Money. However, scrip is not considered a currency in itself, but merely a store of value, denominated in another currency.
Currency - Local currencies

See also: Local currency
In economics, a local currency is a currency not backed by a national government, and intended to trade only in a small area. Advocates such as Jane Jacobs argue that this enables an economically depressed region to pull itself up, by giving the people living there a medium of exchange that they can use to exchange services and locally-produced goods (In a broader sense, this is the original purpose of all money.) Opponents of this concept argue that local currency creates a barrier which can interfere with economies of scale and comparative advantage, and that in some cases they can serve as a means of tax evasion.

Local currencies can also come into being when there is economic turmoil involving the national currency. An example of this is the Argentine economic crisis of 2002 in which IOUs issued by local governments quickly took on some of the characteristics of local currencies.

Currency - World currency

With such developments as the Euro allowing for facilitated trade and perhaps a corresponding increase in a wider identity, proposals for a global currency have accelerated, even while it is recognized that several political and economic factors would need to be addressed and intermediate steps taken before such a concept might be accepted by the diverse nations of the world.

Currency - Circulating currencies

See List of currencies for a list of all current and historical currencies. See List of historical currencies or historical currencies below for historical currencies. See List of circulating currencies for a list of currencies by country. The following is a list of currency names (denominations) of the world in alphabetic order by currency name:

Currency - A-E
Afghani - Afghanistan
Ariary - Madagascar
Baht - Thailand
Balboa - Panama (U.S. dollar used for paper money)
Birr - Ethiopia
Bolívar - Venezuela
Boliviano - Bolivia
Cedi - Ghana
Colón - Costa Rica
Córdoba - Nicaragua
Dalasi - The Gambia
Denar - Macedonia
Dinar
Algerian dinar - Algeria
Bahraini dinar - Bahrain
Iraqi dinar - Iraq
Jordanian dinar - Jordan, Palestine
Kuwaiti dinar - Kuwait
Libyan dinar - Libya
Tunisian dinar - Tunisia
Serbian dinar - Serbia
Sudanese dinar - Sudan
Dirham
Moroccan dirham
United Arab Emirates dirham
Dobra - São Tomé and Príncipe
Dollar
Australian dollar - Australia, Christmas Island, Cocos (Keeling) Islands, Heard Island and McDonald Islands, Norfolk Island, Kiribati, Nauru and Tuvalu
Barbados dollar - Barbados
Bahamian dollar - Bahama
Belize dollar - Belize
Bermuda dollar - Bermuda
Brunei dollar - Brunei
Canadian dollar - Canada
Cayman Islands dollar - Cayman Islands
Cook Islands dollar - Cook Islands
East Caribbean dollar - Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines
Fijian dollar - Fiji
Guyanese dollar - Guyana
Hong Kong dollar - Hong Kong
International dollar - hypothetical currency pegged 1:1 to the United States dollar
Jamaican dollar - Jamaica
Liberian dollar - Liberia
Namibian dollar - Namibia
New Zealand dollar - New Zealand, Cook Islands, Niue, Tokelau, Pitcairn Islands.
Singapore dollar - Singapore
Solomon Islands dollar - Solomon Islands
Suriname dollar - Suriname
New Taiwan dollar - Taiwan
Trinidad and Tobago dollar - Trinidad and Tobago
Tuvaluan dollar - Tuvalu (not an independent currency, equivalent to Australian dollar)
United States dollar - United States of America; also used officially in several other countries: East Timor (has own centavo coins), Ecuador (has own centavo coins), El Salvador, Marshall Islands, Federated States of Micronesia, Palau and Panama (has own Balboa currency)
Zimbabwe dollar - Zimbabwe
Dong - Vietnam
Dram - Armenia
Escudo - Cape Verde
Euro - Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain
Countries that have made legal agreements with the EU to use the euro: Monaco, San Marino, Vatican City
Territories that unilaterally use the euro: Andorra, Montenegro, Kosovo
Currencies pegged to the euro: Cape Verdean escudo, CFA franc, CFP franc, Comorian franc, Bulgarian lev, Estonian kroon, Lithuanian litas, Bosnia and Herzegovina convertible mark
Currency - F-M
Florin - Aruba
Forint - Hungary
Franc
CFA franc - Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Côte d'Ivoire, Republic of the Congo, Equatorial Guinea, Gabon, Guinea-Bissau, Mali, Niger, Senegal, Togo
CFP franc - New Caledonia, French Polynesia, Wallis and Futuna
Comorian franc - Comoros
Congolese franc - Democratic Republic of Congo (replaced in 1967, re-established in 1998)
Burundi franc - Burundi
Rwandan franc - Rwanda
Djiboutian franc - Djibouti
Guinean franc - Guinea (replaced in 1971, re-established in 1985)
Malagasy franc - Madagascar (replaced by Ariary in 2004)
Swiss franc - Switzerland, Liechtenstein.
Gourde - Haiti
Guaraní - Paraguay
Gulden - Netherlands Antilles
Hryvnia - Ukraine
Kina - Papua New Guinea
Kip - Laos
Koruna
Czech koruna - Czech Republic
Slovak koruna - Slovakia
Kroon - Estonia
Króna
Faroese króna (not an independent currency, equivalent to Danish krone)
Icelandic króna
Krona - Sweden
Krone
Danish krone - Denmark, Greenland
Norwegian krone - Norway
Kuna - Croatia
Kwacha
Malawian kwacha - Malawi
Zambian kwacha - Zambia
Kwanza - Angola
Kyat - Myanmar
Lat - Latvia
Lari - Georgia
Lek - Albania
Lempira - Honduras
Leone - Sierra Leone
Leu
Moldovan leu - Moldova
Romanian leu - Romania
Lev - Bulgaria
Lilangeni - Swaziland
Lira
Maltese lira - Malta
Turkish new lira - Turkey
Litas - Lithuania
Loti - Lesotho
Manat
Azeri manat - Azerbaijan
Turkmenistani manat - Turkmenistan
Mark, convertible - Bosnia and Herzegovina
Metical - Mozambique
Currency - N-R
Nakfa - Eritrea
Naira - Nigeria
Ngultrum - Bhutan
Ouguiya - Mauritania
Pa'anga - Tonga
Pataca - Macau
Peso
Argentine peso - Argentina
Chilean peso - Chile
Colombian peso - Colombia
Cuban peso, Cuban convertible peso - Cuba
Dominican peso - Dominican Republic
Mexican peso - Mexico
Philippine peso - Philippines
Uruguayan peso - Uruguay
Pound
Cyprus pound - Cyprus
Egyptian pound - Egypt
Falkland pound - Falkland Islands
Gibraltar pound - Gibraltar
Guernsey pound - Guernsey
Isle of Man pound - Isle of Man
Jersey pound - Jersey
Lebanese pound - Lebanon
Saint Helenian pound - Saint Helena
Pound sterling - United Kingdom
(New) Sudanese pound - Southern Sudan
Syrian pound - Syria
Pula - Botswana
Quetzal - Guatemala
Rand - South Africa
Real - Brazil
Renminbi - People's Republic of China
Rial
Iranian rial - Iran
Omani rial - Oman
Yemeni rial - Yemen
Riel - Cambodia
Ringgit - Malaysia
Riyal
Qatari riyal - Qatar
Saudi riyal - Saudi Arabia
Ruble
Belarusian ruble - Belarus
Russian ruble - Russia
Transnistrian ruble - Transnistria (non-recognized currency)
Rufiyah - Maldives
Rupee
Indian rupee - India
Mauritian rupee - Mauritius
Nepalese rupee - Nepal
Pakistani rupee - Pakistan
Seychelles rupee - Seychelles
Sri Lankan rupee - Sri Lanka
Rupiah - Indonesia
Currency - S-Z
Sheqel - Israel, Gaza Strip, West Bank
Shilling
Kenyan shilling - Kenya
Somali shilling - Somalia
Tanzanian shilling - Tanzania
Ugandan shilling - Uganda
Sol - Peru
Som
Kyrgyzstani som - Kyrgyzstan
Uzbekistani som - Uzbekistan
Somoni - Tajikistan
Taka - Bangladesh
Tala - Samoa
Tenge - Kazakhstan
Tolar - Slovenia
Tugrug - Mongolia
Vatu - Vanuatu
Won
North Korean won - North Korea
South Korean won - South Korea
Japanese yen - Japan
Złoty - Poland
Currency - Historical currencies

See also List of historical currencies.

Currency - Ancient Greece
Drachma
Currency - Ancient Rome
Antoninianus
As
Denarius
Dupondius
Sestertius
Currency - Africa
Dollar - Rhodesia
Escudo
Mozambican escudo - Mozambique
São Tomé and Príncipe escudo - São Tomé and Príncipe
Ekwele (Ekuele) - Equatorial Guinea
Florin - Kenya, Somalia, Tanzania and Uganda
Franc
Moroccan franc
Malagasy franc
Metica - Mozambique
Peseta - Equatorial Guinea
Peso - Guinea Bissau
Pound
Biafran pound - Biafra
Gambian pound - Gambia
Ghanaian pound - Ghana
Libyan pound - Libya
Malawian pound - Malaŵi
Nigerian pound - Nigeria
Rhodesian pound - Rhodesia and Nyasaland
South African pound - South Africa
Sudanese pound - Sudan
West African pound - Cameroon, Gambia, Ghana, Nigeria and Sierra Leone
Zambian pound - Zambia
Rial - Morocco
Rupee - Kenya, Somalia, Tanzania and Uganda
Shilling - Kenya, Somalia, Tanzania and Uganda
Somalo - Somalia
Syli - Guinea
Zaire - Zaire
Currency - America
Austral - Argentina
Colón - El Salvador
Continental Currency - Colonial America
Cruzeiro, Cruzado - Brazil
Escudo - Chile
Gulden - Suriname
Inti - Peru
Peso
Bolivian peso - Bolivia
Costa Rican peso - Costa Rica
Guatamalan peso - Guatamala
Honduran peso - Honduras
Nicaraguan peso - Nicaragua
Paraguayan peso - Paraguay
Venezuelan peso - Venezuela
Pound - Jamaica
Scudo - Bolivia
Sucre - Ecuador
Trade dollar - United States of America
Venezolano - Venezuela
Currency - Asia
Dollar
Mongolian dollar
Taiwan dollar
Escudo
Portuguese Indian escudo - Portuguese India
Portuguese Timor escudo - East Timor
Franc - Cambodia
Hwan - Korea
Kori - Kutch
Lira - Turkey
Mohar - Nepal
Pound
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[Saqib Shah]

Ap ne jo likha hye kuch samjh nahi aa rahi...please write clear

[Faraz_1984]

@
Hina
you are doing very well Job keep it up



The petrol price come down to 105 US $ per barrel but Pakistan Government still not reluctant to take any serious action against as earlier NVEED QAMAR Said in his press conference when in international market prices will be below 110 US $ per barrel Government of Pakistan will reduce the prices but
As we have seen Naveed Qamar is sleeping in National Assembly mean while our prime minister talking prosperity of Pakistan

Sounds very good

It’s very much same like fate of nation

Sleeping

Other shocking news foreign reserve today I read in newspaper of Jang I was shock it comes 4 Billion US $ from 8 Billion

Sound strange what will happen economically
We have been already going through political Crisis

Rs77.10 while rupee further declined to 13 paisa.

Give worse impact on Economy


May Allah bless Pakistan