The dollar index, which gauges the
greenback's strength against a basket of six currencies, rose 0.03 per cent to 96.06 in late afternoon trade.
They also say once the billions of dollars that are believed to have been hoarded by the public start to flow to the market over fears of further depreciation of the Dollars against Rial, the exchange rate of the
greenback will fall further.
The
greenback fetched AN100.07 against AN99.74 in New York on Wednesday afternoon, climbing above the psychologically important mark for the first time since late July.
The tender offer is reportedly being made in connection with the agreement and plan of merger, dated 20 December 2010, by and among DSM,
Greenback Acquisition Corporation and Martek.
Before banks began restricting
greenback sales without any explanation last week, the rial had been trading at 10,500 to the dollar.
Moreover, during the period the gold premium on the 1861 Notes reached a peak (August to September 1862 as shown in Figure 1) indicating, according to Calomiris, that the public strongly anticipated revocation, the Treasury was actively withdrawing them from circulation in accordance with the
Greenback legislation.
The Colorado
Greenback Cutthroat Trout is a beautiful fish that was once thought to have gone extinct but which has now made an impressive comeback and found in more than 50 streams and lakes along Colorado's Front Range country.
Summary: Gulf Arab countries will discuss pegging their planned single currency to a basket instead of the US dollar, a Kuwaiti government official said on Tuesday, putting the
greenback's regional status in question.
NEW YORK: The US dollar rose Monday against the euro, helped in part by the European central bank chief Jean-Claude Trichet s support for a strong
greenback, traders said.
For 20 years, biologists have been restocking Colorado streams with
greenback cutthroat trout to save the endangered fish from extinction.