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Offline HannahHerrmann

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World currencies
« on: June 19, 2009, 01:20:47 pm »
1. Afghanistan

Currency: Afghani (AFN)

The Afghani is the official currency of Afghanistan. The first Afghani (AFA) was introduced in 1925, replacing the Afghan rupee. From 1940, the Afghani was pegged to the U.S. dollar but between 1979 and 1982 and again from 1992, the Afghani's value floated.
Between October 7, 2002 and January 2, 2003 a new Afghani was introduced with the code AFN. It replaced the previous Afghani at two distinct rates. Issues of the government of President Burhanuddin Rabbani were replaced at a rate of 1000 to the new Afghani, whilst the issues of Abdul Rashid Dostum (the Northern Alliance) were replaced at a rate of 2000 to the new Afghani, The new Afghani was valued at 43 Afghani to the U.S. dollar. Prior to the new issue, there was a huge inflation in Afghanistan. US dollar or Pakistan rubees are also used but the Afghan Central Bank governor Anwar Ul-Haq Ahadi announced that Afghans should use their own Afghani currency in daily transactions rather than United States dollars or Pakistani rupees.
The new Afghani is  a floating currency and convertible.  The old Afghani was pegged to the US Dollar or to the Indian rupee for several times but  since 1992, the value floated. I think  that there is no future/forward market.
Information from 2005 say that the exchange rate regime in place is that of a managed float.
There seems to be a black market for currency.

2. Albania

Currency: Albanian Lek (ALL)

The lek is the currency of Albania. It is subdivided into 100 qindarka, although qindarka are no longer issued.
The First Lek (1926 introduced by King Ahmet Zogu) was named after Aleksander the Great (Leka I Madh) The second lek was introduced in 1965.
During 1999, the lek experienced a sharp appreciation to the USD primarily due to the influx of Alabanian Kosovar refugees and their money.
People also use Euro and US dollar.
Albania has got a more or les floating exchange rate regime and the lek is convertible. At the moment 93.62 ALL = 1USD. However, the leg is pegged to the Euro. 1EUR is always between 120 and 130 Lek. I couldn’t find any future/forward market.
Some sources say that there is a black market for currencies.

3. Algeria

Currency: Algerian dinar (DZD)

The dinar,  whose name stems from the Roman "denarius", is the currency of Algeria and it is subdivided into 100 santeem. It was introduced in 1964, replacing the Algerian new franc at par. The current series of banknotes was issued in 1981, 1992, and 1998.
Euro and US dollar are also accepted.
Since January 1974, the dinar has been pegged to a basket of currencies. The currency is convertible. At the moment 1EUR= 102,718 DZD and 1USD= 73.7 DZD
There is no future or forward market.
A black market for currencies exists.


Hannah Herrmann
« Last Edit: July 05, 2009, 10:46:10 am by Ted Azarmi »

Lionel.Kapff

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ANDORRA
« Reply #1 on: June 19, 2009, 01:49:19 pm »
Andorra
Name of the currency:
Euros (EUR)
History of the currency:
Andorra does not have an official currency and hence no specific euro coins. It previously used the French franc and Spanish peseta as de facto legal tender currency. There has never been a monetary arrangement with either Spain or France; however, the EU and Andorra are currently in negotiations regarding the official status of the euro in Andorra. Negotiations are still ongoing, partially due to stalling regarding banking secrecy. It was recently expected that Andorra would first mint its own euro coins in 2009 at the earliest.
Is it a fixed or a floating exchange rate?
Floating exchange rate.
Is it convertible?
Yes.
Is there a Currency Peg? Is the currency tied to $, Euro, etc?
No.
Are there forward markets / future markets or options for this currency? If so where are they traded?
Yes, EUR derivatives are traded on all major FX markets.
Is there a black market for the currency?
No.
Is there a managed float? Does the government intervene in the market by buying and selling currency, through setting restrictions? Is there a currency board?
No. The ECB targets interest rates rather than exchange rates and in general does not intervene on the foreign exchange rate markets.

Lionel.Kapff

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AZERBAIJAN
« Reply #2 on: June 19, 2009, 02:19:22 pm »
Azerbaijan
Name of the currency:
Azerbaijani manats (AZN)
History of the currency:
The manat is the currency of Azerbaijan. It is subdivided into 100 qəpik. The Azerbaijan Democratic Republic and its successor the Azerbaijani Soviet Socialist Republic issued their own currency between 1919 and 1923. The currency was called the manat in Azeri and the ruble in Russian, with the denominations written in both languages (and also in French) on the banknotes. The manat replaced the first Transcaucasian ruble (1918-1919) at par and was replaced by the second Transcaucasian ruble after Azerbaijan became part of the Transcaucasian Soviet Federal Socialist Republic in 1923. The second manat was introduced on 15 August 1992. It replaced the Soviet ruble at a rate of 10 rubles to 1 manat. On 1 January 2006, a new manat was introduced at a value of 5000 old manat. Since 1 October 2005, prices have been indicated both in new manats and in old manats to ease transition.
Is it a fixed or a floating exchange rate?
Fixed exchange rate.
Is it convertible?
Yes, but Azerbaijani law prohibits the export of the local currency by non-residents.
Is there a Currency Peg? Is the currency tied to $, Euro, etc?
The Azerbaijani manat is subject to a conventional pegged arrangement with the AZM pegged to the USD at a rate of AZM 0.8714 / USD 1.
Are there forward markets / future markets or options for this currency? If so where are they traded?
Forward transactions in USD, EUR and RUB are processed via the Baku Interbank Currency Exchange.
Is there a black market for the currency?
Possibly.
Is there a managed float? Does the government intervene in the market by buying and selling currency, through setting restrictions? Is there a currency board?
The National Bank of Azerbaijan (NBA) intervenes to maintain the currency peg to USD.
« Last Edit: June 19, 2009, 02:47:47 pm by Lionel.Kapff »

Offline magicblu

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Re: New Taiwan Dollar
« Reply #3 on: June 19, 2009, 02:49:45 pm »
1. Taiwan

Currency: New Taiwan Dollar (currency code: TWD; common abbreviation: NT$)

History:

The New Taiwan dollar was first issued by the Bank of Taiwan on June 15, 1949, to replace the Old Taiwan dollar to end hyperinflation that occured due to the civil war.
Even though the Taiwan dollar was the de facto currency of Taiwan, for years the old Chinese Nationalist yuan was still the official national currency of the Republic of China.
In July 2000, the New Taiwan dollar became the official currency. At the same time, the Central Bank of China (now known as the Central Bank of the Republic of China) began issuing New Taiwan dollar banknotes directly and the old notes issued by the Bank of Taiwan were taken out of circulation.

Characteristics:

Floating exchange rate
Convertible
No currency peg (since 1999)
No black market


2. Togo

Currency: CFA franc (XOF)

History:

The CFA franc is a currency used in twelve formerly French-ruled African countries, as well as in Guinea-Bissau (a former Portuguese colony) and in Equatorial Guinea (a former Spanish colony). The ISO currency codes are XAF for the Central African CFA franc and XOF for the West African CFA franc. Togo uses the West African CFA franc.
The CFA franc was created on 26 December 1945, along with the CFP franc. The reason for their creation was the weakness of the French franc immediately after World War II. When France ratified the Bretton Woods Agreement in December 1945, the French franc was devalued in order to set a fixed exchange rate with the US dollar. New currencies were created in the French colonies to spare them the strong devaluation.

Characteristics:

Fixed exchange rate: 100 CFA francs = 0.152449 Euro (originally with French franc)
Tied by a currency board to Euro
No managed float
Convertible
No currency peg


3. Thailand

Currency: Baht (THB)

History:

The Thai baht was introduced in 1897 by the ruling King at the time, King Chulalongkorn. For the time period between World War II and 1980, the Baht was fixed to the US Dollar at an exchange rate of 1$ = 20 baht. It proceeded to slowly decrease in value, and was again pegged to an exchange rate of 25:1 from 1985 until July 2, 1997 when the Asian financial crisis took its toll on Thailand.
Following the crisis, it was decided that the baht be placed on a floating exchange rate which halved its value, to its lowest rate of 56:1 in January 1998. It stabilized again at a rate of about 40:1, which it has managed to stay at since then.

Characteristics:

Floating exchange rate
No currency peg
No currency board
No black market
« Last Edit: July 05, 2009, 10:47:04 am by Ted Azarmi »

Lionel.Kapff

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BELARUS
« Reply #4 on: June 19, 2009, 02:54:21 pm »
Belarus
Name of the currency:
Belarusian rubles (BYR)
History of the currency:
The ruble is the currency of Belarus. It is divided into 100 kapeykas. From the collapse of the Soviet Union until May 1992, the Soviet ruble circulated in Belarus. New Russian banknotes also circulated in Belarus but they were replaced by notes issued by the National Bank of the Republic of Belarus in May 1992. The first post-Soviet Belarusian ruble was assigned the ISO code BYB and replaced the Soviet currency at the rate of 1 Belarusian ruble = 10 Soviet rubles. It took about two years before the ruble became the official currency of the country. In 2000, a second ruble was introduced (ISO code BYR), replacing the first at a rate of 1 new ruble = 1000 old rublei. This was redenomination with 3 zeros chopped off. From the beginning of his presidency, Alexander Lukashenko began to suggest the idea of integration with Russian Federation and to undertake steps in this direction. From the beginning, there was also an idea of introducing a united currency for the Union of Russia and Belarus. Art. 13 of the 1999 "Treaty of Creation of the Union State of Russia and Belarus" foresaw a unified currency. Discussions about the Union currency have continued past the 2005 implementation goal set by both nations. In 2009, Belarus pegged its currency to a basket of foreign currencies (USD, EUR and RUB).
Is it a fixed or a floating exchange rate?
Fixed exchange rate.
Is it convertible?
Yes.
Is there a Currency Peg? Is the currency tied to $, Euro, etc?
It is pegged with basket of currencies: EUR 1 = BYR 3832.38, RUB 1 = BYR 88.11, and USD 1 = Br 2858.
Are there forward markets / future markets or options for this currency? If so where are they traded?
The forward market in Belarus is subject a strict regulation by the National Bank of the Republic of Belarus (NBRB).
Is there a black market for the currency?
No.
Is there a managed float? Does the government intervene in the market by buying and selling currency, through setting restrictions? Is there a currency board?
The exchange rate is adjusted by the National Bank of the Republic of Belarus (NBRB) within an announced narrow path periodically.

JuliaKessler

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Re: Homework
« Reply #5 on: June 19, 2009, 03:15:11 pm »
See my homework attached
Julia Kessler

Offline ellmar

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Re: Homework
« Reply #6 on: June 19, 2009, 05:43:17 pm »
Please find my homework attached.
best regards
Ellmar Jungschaffer

Offline annika.kasparek

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Re: Homework
« Reply #7 on: June 19, 2009, 06:32:03 pm »
Please find my homework attached.

Best regards

Annika Kasparek

Offline leoniekrauss

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Re: Homework
« Reply #8 on: June 20, 2009, 11:05:19 am »
Find my homework attached.

Kind Regards

Leonie Krauß

Offline Katha

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Re: Homework
« Reply #9 on: June 20, 2009, 03:05:24 pm »
Please find attached information on the currencies BDT, XOF and BOB.

Best regards, Katha

Offline larissa

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Re: Homework
« Reply #10 on: June 20, 2009, 03:18:43 pm »
Bosnia Herzegovina
Currency: marka (BAM)
History of the currency:
The Marka (BAM or KM), also known as the convertible mark, is the official currency of Bosnia. In 1995, Bosnia signed the Dayton Peace Accord, which divided Bosnia into a Serb Zone and a Muslim-Croat zone (also known as the Federated zone). When the new government took over, they issued a new currency, the Bosnian Convertible Marka, and tied it to the German Mark. Recently, the German Mark ceased to exist and the Marka became its own independent currency, giving the Bosnian people a renewed sense of confidence in their currency and their economy. Since the replacement of the German mark by the euro in 2002, the Bosnian convertible mark effectively uses the same fixed exchange rate to euro that the German mark has (that is, 1 EUR = 1.95583 BAM).
Is it a fixed or a floating exchange rate?
Floating exchange rate.
Is it convertible?
Yes.
Is there a Currency Peg?
Was pegged to the German mark at par until 2002.
I couldn’t find out about a black market or forward and future markets.

Offline Jochen Schäfer

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Re: Homework
« Reply #11 on: June 20, 2009, 05:13:52 pm »
Please find the homework attached.

Botswana Pula
Brazilian Real
Brunei Dollar

Jochen Schäfer

Offline FelixF

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Re: Homework
« Reply #12 on: June 20, 2009, 05:40:09 pm »
Solution is attached!

Armenia Dram
Aruba guilders/florins

best regards,
Felix Faißt

Offline shohendorff

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Re: Homework
« Reply #13 on: June 21, 2009, 11:26:41 am »
find my homework attached

Bulgaria/ Burkina Faso/ Burma

best regards
Stephanie Hohendorff

Offline TanjaKroh

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Re: Homework
« Reply #14 on: June 21, 2009, 11:28:37 am »
Please find my homework attached.

Bulgarian lev (BGN)
Burundi franc (BIF)
Canadian dollar (CAD)

Best regards,
Tanja Kroh