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Devaluation of Pakistan Rupee

Devaluation of Pakistan Rupee

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Published by hameed.mba055336

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Categories:Types, Research
Published by: hameed.mba055336 on Apr 11, 2009
Copyright:Attribution Non-commercial

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11/27/2012

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DEVALUATION OFDEVALUATION OFPKRPKR
IN THE FIRST 6 MONTHSIN THE FIRST 6 MONTHSOF 2008OF 2008
presented bypresented byAbdul Hameed BalochAbdul Hameed BalochBM-25011BM-25011
 
 
CURRENCY CURRENCY 
Unit of exchange, facilitating the transferUnit of exchange, facilitating the transferof goods and/or services.of goods and/or services.
It is one form of money, where money isIt is one form of money, where money isanything that serves as a medium of anything that serves as a medium of exchange, a store of value, and a standardexchange, a store of value, and a standardof value.of value.
Currencies are the dominant medium of Currencies are the dominant medium of exchange.exchange.
 
DEVALUATIONDEVALUATION
Reduction in the value of the currency withReduction in the value of the currency withrespect to other monetary units.respect to other monetary units.
Official lowering of the value of a country’sOfficial lowering of the value of a country’scurrency within a fixed exchange ratecurrency within a fixed exchange ratesystem to set a newsystem to set a new
fixed ratefixed rate
withwithrespect to a foreign reference country.respect to a foreign reference country.
Depreciation:Depreciation:
Unofficial decrease in theUnofficial decrease in theexchange rate in a floating exchange rateexchange rate in a floating exchange ratesystem.system.

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Abdul Razzaq added this note
could you send me the detail of devalution of pak currency from first to till end i mean to say from 1947 to till
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