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23 hours ago · One form this may take is dollarization, the use of a foreign currency (not necessarily the U.S. dollar) as a national unit of currency. An example was dollarization in Ecuador, initiated in September 2000 in response to a 75% loss of value of the Ecuadorian sucre in early 2000. Usually the "dollarization" takes place in spite of all efforts of ...
2 hours ago · The Canadian Dollar (CAD) is broadly lower on Tuesday, losing ground against the majority of its major currency peers. The CAD is steeply lower against the Japanese Yen (JPY), falling -1.25% ...
23 hours ago · Macroeconomics. A central bank, reserve bank, national bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union. [1] In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base.
23 hours ago · At the end of 2010, Subway became the largest fast food chain worldwide, with 33,749 restaurants – 1,012 more than McDonald's. In January 2015, Suzanne Greco became president and CEO. Her brother Fred DeLuca, the company's first CEO, had been ill for two years and died of leukemia in September 2015.
23 hours ago · The Canadian Pacific Railway ( French: Chemin de fer Canadien Pacifique) ( reporting marks CP, CPAA, MILW, SOO ), also known simply as CPR or Canadian Pacific and formerly as CP Rail (1968–1996), is a Canadian Class I railway incorporated in 1881. The railway is owned by Canadian Pacific Kansas City Limited, known until 2023 as Canadian ...
23 hours ago · He lay down on the seat and covered himself with a blanket as guards waved his driver through the gates. The Shah got into the car and Roosevelt explained the mission. The CIA bribed him with $1 million in Iranian currency, which Roosevelt had stored in a large safe—a bulky cache, given the then-exchange rate of 1,000 rial to 15 dollars.
23 hours ago · In 2022, India became the world's third-largest vehicle market after China and the United States, surpassing Japan. At the end of 2011, the Indian IT industry employed 2.8 million professionals, generated revenues close to US$100 billion equalling 7.5% of Indian GDP, and contributed 26% of India's merchandise exports.
