Sunday, July 30, 2006

Indian Currency- Rupee



The Indian Rupee is the original official currency of India. The English translation of "Rupee" is "silver," and the name exists because it was previously a silver coin. This very fact had severe consequences in the 19th century, when the strongest economies in the world were on the gold standard. The discovery of vast quantities of silver in the U.S. and various European colonies resulted in a decline in the relative value of silver to gold. Suddenly, the standard currency of India could not buy as much from the outside world. Such circumstances led to what is now referred to as "the fall of the Rupee."

Friday, July 28, 2006

Bangladesh Taka - Currency







Currency : Bangladesh Taka (BDT) = 100 paisa. Notes are in denominations of BDT500, 100, 50, 20, 10, 5, 2 and 1. Coins are in denominations of BDT5 and 1, and 50, 25, 10 and 5 paisa. The import and export of local currency is limited to BDT100. Reconversion of local currency is permitted up to BDT500 or 25 per cent of the amount exchanged on arrival. The import of foreign currency is allowed but amounts greater than US$150 must be declared on arrival. The export of foreign currency is limited to US$150 or the amount declared on arrival.

Wednesday, July 26, 2006

Brunei Curreency



The dollar, denoted by BND, is the official currency of Brunei. As Singapore is one of Brunei's major trading partners, the BND is pegged to the Singapore dollar at a 1:1 ratio. The Brunei dollar is also known as "ringgit" locally in Malay, and this can be seen printed on the banknote itself. Polymer banknotes of the currency were introduced in 2004, due to high cases of banknote forgery.
Sovereign Ratings for Brunei Brunei is not rated.

Tuesday, July 25, 2006

Brazilian currency - Real, reais





Since 1994, the Brazilian currency has been the Real (plural: Reais), symbol is R$.
Because of the very high inflation rates which Brazil had in the 1980s and early 1990s, the country had to change currency several times: Brazilians were used to dealing with Cruzeiros until 1986; that year, an economic plan cut three zeros from the bills and changed the currency to Cruzado; a few years later, another three zeros were dropped, and Brazilians were introduced to the Cruzados Novos ("new cruzados"). In 1990, the Cruzados Novos were retired, and the Cruzeiros were back; in 1993, the Cruzeiros lost another three zeros and were turned into Cruzeiros Reais.In 1994, after the deployment of a new monetary plan, the new currency, called Real, came to life. Read more about the Real Plan, which preceeded the launching of the Real.

Tuesday, July 04, 2006

Sri Lankan-currency



Currency:-
Currency of Sri Lanka is Sri Lankan Rupee. One Sri Lankan Rupee consists of 100 cents. Coins come in the denomination 5, 10, 25 and 50 cents and Rs. 1, 2, 5 and 10. The higher value denominations are found as notes, namely Rs.10, 20, 50, 100, 200, 500 and 1000.Travelers Cheques and foreign currency can be exchanged at various commercial banks and hotels. Banks charge a 0.5% handling fee and a commission, which varies from bank to bank, while encashing Travelers Cheques. The use and acceptance of credit cards is widespread. While visiting a remote area it is advisable to arrange for an alternative mode of payment apart from credit card.The approximate value of Sri Lankan money vis-à-vis major currencies of the world is given below.

Monday, July 03, 2006

Thailand currency


Monetary History
This is the picture of currency of Thailand.The Thailand currency is called baht Until 1897, the baht was subdivided into 8 fuang, each of 8 att. The present decimal system, in which one baht = 100 satang , was introduced by king Chulalongkorn. However, until the 1940s it was named tical, then renamed to baht. Originally the term baht was a weight unit of about 15 g and was adopted because one tical was equivalent to 15 g of silver.For more information about exchange rates click on the following LINK.