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Safest currency for the future invstment?
A currency future, which is also narrated as FX future or foreign exchange future, is a future contract. This is the currency that is used in international market to exchange currency. All country use this main currency as their reserve and deal with other countries in this FX currency.
What is foreign exchange revaluation?
When a country/Reserve bank changes the value of a currency. The currency is usually devalued to make exports more competitive. Usually associated to countries with high inflation and political unrest.
What are advantages of using the euro?
The biggest savings is in trade between one country and the EU, or between the EU states. Conversion of currency is complex and needs a vast accounting system. Businesses would need to hedge against currencies if they sell products in different countries that use different currencies. One common currency in the EU makes this process much easier. Another advantage to the EU states is the power of their currency as a reserve currency for the world. A currency held by many states is more attractive as a reserve currency as the market for the currency is more liquid.
India's neighbouring countries and their currencies?
The currency used in India is the Rupee. The currency is distributed by the Reserve Bank of India and is available in several denominations such as 5, 10, 20, 50, 100, 500, and 1,000.
Where currency paper is made?
The currency paper is made by the reserve bank of india
Can you get old currency from the reserve bank?
NO
Why is it the US dollar widely accepted as world wide currency?
It is the world's reserve currency.
Under what circumstances does the IMF offer a Supplemental Reserve Facility loan to a member country?
The Supplemental Reserve Facility provides loans to countries experiencing short-term payments problems due to a sudden loss of market confidence in the country's currency.
What agency distributes currency?
federal reserve
What is currency chest?
A currency chest is a branch of bank in India. There are several different currency chests there and are used to store notes and coins for the reserve banks.
Do the Federal Reserve Banks issue currency?
Yes
Who is the authority that issues the currency notes and coins in India?
The Reserve Bank of India is the governing body that issues currency notes and coins in India. the currency is India Rupee (INR)
