The empirical results indicate that no causality exists between domestic stock prices and exchange rates of US dollar and Japanese Yen against Naira; while causality ensues from domestic stock prices to exchange rate of Euro and British Pound Sterling
The Qatari riyal is not among the nine major currencies on the CBE currency exchange screens, which includes the US dollar, the Euro, the British pound sterling
, the Swiss franc, the Japanese yen, the Chinese yuan, the Kuwaiti dinar, the UAE's dirham, and the Saudi riyal.
The facilities to be sold have approximately 1,000 total beds and produce aggregate approximate annual revenue of USD 162m and adjusted EBITDA of USD 37m, after overhead allocation and assuming an exchange rate of USD 1.22 per British Pound Sterling
No doubt, China will demand that these financial arrangements be denominated in renminbi, its official currency, which was recently included by the International Monetary Fund in its basket of reserve currencies along with the US dollar, euro, British pound sterling
and Japanese yen.
It is anticipated globally that, in view of the weakness of both the Euro and British pound sterling
and China's economic slow-down affecting Asian/Pacific economies, the value of the US dollar will remain strong in the foreseeable future.
The Chinese yuan officially joined the USD, the Euro, the Japanese Yen and the British Pound Sterling
as a global reserve currency.
Additionally, if the value of the British pound sterling
continues to fall, that could lead to defense imports becoming more expensive, which would "erode the effective purchasing power of the U.K.'s procurement budget," the report said.
THE only immediate impact to Cyprus' tourism from the Brexit will be the fallout from the plunge in the British pound sterling
, making holidays in Europe, including Cyprus, more expensive for Brits, industry players said on Friday.
Last year, Zimbabwe added China's official renminbi to its basket of currencies considered legal tender, which includes the US dollar, British pound sterling
and the South African rand, but the yuan has not yet been approved for public transactions.
The recipient is also told that he or she has won the sum of One Million British Pound Sterling
through a so-called computer ballot, which the scammers say is jointly organized by FIFA and MICROSOFT NETWORK" stressed Elifas Kamati, Customer Complaints Officer at BON.