A government official from the finance ministry said the decision to slash four zeros from the national currency
had been in the pipeline for quite some time.
The emergency order also prohibits counterfeiting of national and foreign currencies, possession, conversion or storage of counterfeit currency or any counterfeiting tools, or incitement by any means to falsify the national currency
or not to deposit it with banks.
Turkey's national currency
has lost almost 20 percent of its value since Friday, when US President Donald Trump authorized a 20 and 50 percent tariff hike on imported Turkish aluminum and steel, respectively.
The toman, worth 10 rials, has not been the real national currency
for almost a century, but it is the term the general public most commonly uses when discussing prices.
Unlike the national currency
, issued and backed by the central bank, community currencies are backed by the goods and services of the issuing business network, making them decentralised and interest-free.
ASTANA (CyHAN)- Exchange rate of Kazakh national currency
-- the tenge -- fell to 355.52 tenges per US dollar from 340.01 tenges per US dollar as of Jan.1, 2016 during the morning trading session at the Kazakhstan Stock Exchange (KASE), said the KASE on its website Jan.11.
Meanwhile, deposits in national currency
increased by 2.4% making 29.8 billion som ($501.8 million).
exchange assets was 72% of total or 1,047 trillion drams ($2.6 bln), the national currency
assets made up 28% of total or 411.7 bln drams
THE country's central bank has announced a $60bn plan to prop up the value of the national currency
as the Brazilian real nears a five-year low against the US dollar.
TEHRAN -- Iran plans to slash four zeros from its national currency
in ""one to two years"", seeking parity between its rial and the U.S.
citizens, Panama, for instance, is entirely dollarized and Ecuador replaced its national currency
with the dollar in 2000.
The Estonian authorities rule out a transitional period when the Euro and national currency
would be in circulation at the same time.