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An Empirical Analysis of the Black Market Exchange Rate in Iran
University of Wollongong Research Online Faculty of Commerce - Papers (Archive) Faculty of Business and Law March 2004 An Empirical Analysis of the Black Market Exchange Rate in Iran Abbas Valadkhani University of Wollongong, [email protected] Follow this and additional works at: https://ro.uow.edu.au/commpapers Part of the Business Commons, and the Social and Behavioral Sciences Commons Recommended Citation Valadkhani, Abbas: An Empirical Analysis of the Black Market Exchange Rate in Iran 2004. https://ro.uow.edu.au/commpapers/395 Research Online is the open access institutional repository for the University of Wollongong. For further information contact the UOW Library: [email protected] An Empirical Analysis of the Black Market Exchange Rate in Iran Abstract The Iranian rial has been depreciated on average about 13 per cent per annum against the U.S dollar during the last four decades. This paper examines the long- and short-run determinants of the black market exchange rate employing the cointegration techniques and the annual time series data from 1960 to 2002. Consistent with previous studies and the monetary approach to the exchange-rate determination, it is found that the black market exchange rate is cointegrated with the relative consumer price indices in Iran and the U.S., real GDP and the relative import prices. However, in the short run only the rising relative prices and a meagre real GDP growth have been responsible for the depreciation of Iranian currency. Keywords Black market, exchange rate, Iran, Cointegration Disciplines Business | Social and Behavioral Sciences Publication Details This article was originally published as Valadkhani, A, An Empirical Analysis of the Black Market Exchange Rate in Iran, Asian-African Journal of Economics and Econometrics, 4(2), 2004, 141-52. -
Cryptoportal,Kein Grosser Schritt Für Die Menschheit
Cryptoportal „Das Cryptoportal bietet Lehrern eine Plattform, auf der sie Unterrichtsmaterialien zum Thema Informationssicherheit und Kryptologie veröffentlichen und darüber diskutieren können. Dadurch sollen gegenseitige Anregungen und Hilfen sowohl für Lehrer als auch für Lernende entstehen.“ Kein grosser Schritt für die Menschheit …aber ein großer für Burks, um mit vmware klarzukommen. Gnome läuft immer noch nicht richtig oder ich sehe es nicht (ich vermute, es gibt ein Problem mit der Grafikkarte), aber immerhin kann ich normale Ubuntu-Programme wie gedit oder auch Firefoy mittlerweile im Fenster lassen, warum auch immer. (Wenn gedit funktioniert, dann müsste doch Gnome eigentlich installiert sei?) Frage: Es wäre doch eine lustige Idee, mit vmware einen Truecrypt-Container zu erzeugen, oder? Vmware und Gnome: Cannot open display Ich habe grad Gnome für Ubuntu per Vmware installiert, komme aber nicht weiter. Gnome will nicht starten. Hat jemand eine Idee? Das hier versteh ich nicht wirklich auf Anhieb. Avatar Film Allegedly Causing Depression „I got depressed when i watch star wars. i wanted a R2D2. so what i did was plug my toaster in and talk to it, and felt better.“ (Quelle) Schutztruppen und fanatisierte mohammedanische Neger Deutsche Kulturbilder der Berliner Morgenpost November 1929 – diese „Postkarte“ ist eine Quittung der Berliner Morgenpost „über 60 Pfennig für die 48. Woche vom 14.11. bis 30.11.1929“. Nicht jeder wird wissen, in welchem historischen Zusammenhang der Begriff „Schutztruppen“ steht, den unsere mental gleichgeschalteten Medien für die alliierten Besatzertruppen – darunter die Bundeswehr – in Afghanistan benutzen. Dieses „Kulturbild“ beschäftigt sich mit Georg Schweinfurth und Gustav Nachtigal, beides so genannte „Afrika-Reisende“ bzw. -
2015 Financials
CONTENTS ANNUAL REPORT 2015 AND 2014 6 CHAIRMAN’S STATEMENT 9 DESCRIPTION OF THE COMPANY 11 DIRECTORS 12 INVESTMENT PERFORMANCE 17 DESCRIPTION OF MAJOR INVESTMENTS 31 FINANCIAL STATEMENTS 5 MONEDA CHILE FUND LIMITED INVESTMENT FUND CHAIRMAN’S STATEMENT Dear Investors: I would like to report on the results of Moneda Chile Fund in the fiscal year ending December 31, 2015. In 2015, the external setting was again adverse for Latin America: growth continued to shift from emerging countries to developed countries; fears about the Chinese economy were on the rise; there was an excess supply on the oil and other commodities markets; and there was a real possibility of the Fed putting an end to its monetary stimulus. This led to a crash in the prices of the raw materials exported by the region. The region’s economies also faced a decline in important external financial conditions. So, the growth of Latin America in 2015 was estimated to be -0.3%. In Chile, the economy grew 2.1% in 2015, similar to the growth in 2014 (1.9%). The worsening outlook abroad contributed to the slow growth, with a drop in the price of copper from US$3.11/lb in 2014 to US$2.50/lb in 2015. Also adversely impacting were the rise in taxes under the tax reform passed the previous year and the great uncertainty associated with the proposed labor reforms and new constitution. This prolonged the low level of confidence seen in the private sector that prevented a recovery in domestic demand and braked the export effort driven by the strong real devaluation in the peso (14.4%). -
Dissertation Irene Schrotenboer Final
Tilburg University Dynamics of payments, conflict and economic activity Lubberman-Schrotenboer, I.G. Publication date: 2014 Document Version Publisher's PDF, also known as Version of record Link to publication in Tilburg University Research Portal Citation for published version (APA): Lubberman-Schrotenboer, I. G. (2014). Dynamics of payments, conflict and economic activity: Case studies of Bosnia and Herzegovina and Serbia. CentER, Center for Economic Research. General rights Copyright and moral rights for the publications made accessible in the public portal are retained by the authors and/or other copyright owners and it is a condition of accessing publications that users recognise and abide by the legal requirements associated with these rights. • Users may download and print one copy of any publication from the public portal for the purpose of private study or research. • You may not further distribute the material or use it for any profit-making activity or commercial gain • You may freely distribute the URL identifying the publication in the public portal Take down policy If you believe that this document breaches copyright please contact us providing details, and we will remove access to the work immediately and investigate your claim. Download date: 28. sep. 2021 Dynamics of payments, conflict and economic activity Case studies of Bosnia and Herzegovina and Serbia Dynamics of payments, conflict and economic activity Case studies of Bosnia and Herzegovina and Serbia Proefschrift ter verkrijging van de graad van doctor aan Tilburg University op gezag van de rector magnificus, prof. dr. Ph. Eijlander, in het openbaar te verdedigen ten overstaan van een door het college voor promoties aangewezen commissie in de aula van de Universiteit op maandag 1 december 2014 om 10:15 uur door Irene Geessien Lubberman-Schrotenboer geboren op 23 mei 1977 te Sneek. -
Clearstream Cash & Banking New Banking Services, Easing
Clearstream Cash & Banking Newsletter New banking services, easing global market access In today’s world, financial possibilities are endless. In a single click, you can travel from your desk to halfway across the globe, buying and selling, and making investments in currencies one had never heard of 20 years ago. Click again and translate that exotic currency into another that you, your 16 customers and their customers can comprehend and settle. / It may all sound rather complicated As a meeting place for financial but at Clearstream our objective is institutions, fund managers and to find simple solutions to help our corporate treasurers, the platform customers, wherever they may want delivers that instant currency 0 2 to go. We endeavour to deliver the translation global investors require. ideal processes and the best possible solutions, including enhanced foreign This new partnership has led us to exchange services for currency review our current FX offering with the settlement and income processing. idea to leverage the synergies between the two companies. This could lead A financial world traveller needs to be to improved deadlines and pricing, able to translate currencies: much as full lifecycle reporting, the launch of we need a translator when visiting a new FX products, FX direct dealing foreign country, whose language we do and straight-through-processing. In not speak. Clearstream and its parent, addition, Clearstream already delivers Deutsche Börse, continue to strive for new automated and on-demand excellence in the areas of trade and solutions in foreign exchange services post-trade services. across the majority of its settlement and income currencies. -
Compañía Cervecerías Unidas S.A. and Subsidiaries
Compañía Cervecerías Unidas S.A. y subsidiarias (Cifras expresadas en miles de pesos chilenos) COMPAÑÍA CERVECERÍAS UNIDAS S.A. AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS (Figures expressed in thousands of Chilean pesos) As of and for the year ended December 31, 2018 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and shareholders of Compañía Cervecerías Unidas S.A. Opinions on the Financial Statements and Internal Control over Financial Reporting We have audited the accompanying consolidated statements of financial position of Compañía Cervecerías Unidas S.A. and its subsidiaries (the “Company”) as of December 31, 2018 and 2017, and the related consolidated statements of income, comprehensive income, changes in equity and cash flows for each of the three years in the period ended December 31, 2018, including the related notes (collectively referred to as the “consolidated financial statements”). We also have audited the Company’s internal control over financial reporting as of December 31, 2018, based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 2018 and 2017, and the results of its operations and its cash flows for each of the three years in the period ended December, 31, 2018 in conformity with International Financial Reporting Standards as issued by the International Accounting Standards Board. Also in our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2018, based on criteria established in Internal Control - Integrated Framework (2013) issued by the COSO. -
Currency Codes COP Colombian Peso KWD Kuwaiti Dinar RON Romanian Leu
Global Wire is an available payment method for the currencies listed below. This list is subject to change at any time. Currency Codes COP Colombian Peso KWD Kuwaiti Dinar RON Romanian Leu ALL Albanian Lek KMF Comoros Franc KGS Kyrgyzstan Som RUB Russian Ruble DZD Algerian Dinar CDF Congolese Franc LAK Laos Kip RWF Rwandan Franc AMD Armenian Dram CRC Costa Rican Colon LSL Lesotho Malati WST Samoan Tala AOA Angola Kwanza HRK Croatian Kuna LBP Lebanese Pound STD Sao Tomean Dobra AUD Australian Dollar CZK Czech Koruna LT L Lithuanian Litas SAR Saudi Riyal AWG Arubian Florin DKK Danish Krone MKD Macedonia Denar RSD Serbian Dinar AZN Azerbaijan Manat DJF Djibouti Franc MOP Macau Pataca SCR Seychelles Rupee BSD Bahamian Dollar DOP Dominican Peso MGA Madagascar Ariary SLL Sierra Leonean Leone BHD Bahraini Dinar XCD Eastern Caribbean Dollar MWK Malawi Kwacha SGD Singapore Dollar BDT Bangladesh Taka EGP Egyptian Pound MVR Maldives Rufi yaa SBD Solomon Islands Dollar BBD Barbados Dollar EUR EMU Euro MRO Mauritanian Olguiya ZAR South African Rand BYR Belarus Ruble ERN Eritrea Nakfa MUR Mauritius Rupee SRD Suriname Dollar BZD Belize Dollar ETB Ethiopia Birr MXN Mexican Peso SEK Swedish Krona BMD Bermudian Dollar FJD Fiji Dollar MDL Maldavian Lieu SZL Swaziland Lilangeni BTN Bhutan Ngultram GMD Gambian Dalasi MNT Mongolian Tugrik CHF Swiss Franc BOB Bolivian Boliviano GEL Georgian Lari MAD Moroccan Dirham LKR Sri Lankan Rupee BAM Bosnia & Herzagovina GHS Ghanian Cedi MZN Mozambique Metical TWD Taiwan New Dollar BWP Botswana Pula GTQ Guatemalan Quetzal -
View Currency List
Currency List business.westernunion.com.au CURRENCY TT OUTGOING DRAFT OUTGOING FOREIGN CHEQUE INCOMING TT INCOMING CURRENCY TT OUTGOING DRAFT OUTGOING FOREIGN CHEQUE INCOMING TT INCOMING CURRENCY TT OUTGOING DRAFT OUTGOING FOREIGN CHEQUE INCOMING TT INCOMING Africa Asia continued Middle East Algerian Dinar – DZD Laos Kip – LAK Bahrain Dinar – BHD Angola Kwanza – AOA Macau Pataca – MOP Israeli Shekel – ILS Botswana Pula – BWP Malaysian Ringgit – MYR Jordanian Dinar – JOD Burundi Franc – BIF Maldives Rufiyaa – MVR Kuwaiti Dinar – KWD Cape Verde Escudo – CVE Nepal Rupee – NPR Lebanese Pound – LBP Central African States – XOF Pakistan Rupee – PKR Omani Rial – OMR Central African States – XAF Philippine Peso – PHP Qatari Rial – QAR Comoros Franc – KMF Singapore Dollar – SGD Saudi Arabian Riyal – SAR Djibouti Franc – DJF Sri Lanka Rupee – LKR Turkish Lira – TRY Egyptian Pound – EGP Taiwanese Dollar – TWD UAE Dirham – AED Eritrea Nakfa – ERN Thai Baht – THB Yemeni Rial – YER Ethiopia Birr – ETB Uzbekistan Sum – UZS North America Gambian Dalasi – GMD Vietnamese Dong – VND Canadian Dollar – CAD Ghanian Cedi – GHS Oceania Mexican Peso – MXN Guinea Republic Franc – GNF Australian Dollar – AUD United States Dollar – USD Kenyan Shilling – KES Fiji Dollar – FJD South and Central America, The Caribbean Lesotho Malati – LSL New Zealand Dollar – NZD Argentine Peso – ARS Madagascar Ariary – MGA Papua New Guinea Kina – PGK Bahamian Dollar – BSD Malawi Kwacha – MWK Samoan Tala – WST Barbados Dollar – BBD Mauritanian Ouguiya – MRO Solomon Islands Dollar – -
The Monetary and Fiscal History of Bolivia: 1960–2015
WORKING PAPER · NO. 2018-67 The Monetary and Fiscal History of Bolivia: 1960–2015 Timothy J. Kehoe, Carlos Gustavo Machicado, and José Peres Cajías AUGUST 2018 1126 E. 59th St, Chicago, IL 60637 Main: 773.702.5599 bfi.uchicago.edu Federal Reserve Bank of Minneapolis August 2018 First version: August 2010 The Monetary and Fiscal History of Bolivia, 1960–2015* Timothy J. Kehoe University of Minnesota, Federal Reserve Bank of Minneapolis, and National Bureau of Economic Research Carlos Gustavo Machicado Instituto de Estudios Avanzados en Desarrollo (INESAD) José Peres-Cajías Escuela de la Producción y la Competitividad, Universidad Católica Boliviana “San Pablo” ABSTRACT___________________________________________________________________ After the economic reforms that followed the National Revolution of the 1950s, Bolivia seemed positioned for sustained growth. Indeed, it achieved unprecedented growth during 1960–1977. Mistakes in economic policies, especially the rapid accumulation of debt and a fixed exchange rate policy during the 1970s, led to a debt crisis that began in 1977. From 1977 to 1986, Bolivia lost almost all the gains in GDP per capita that it had achieved since 1960. In 1986, Bolivia started to grow again, interrupted only by the financial crisis of 1998–2002, which was the result of a drop in the availability of external financing. Bolivia has grown since 2002, but government policies since 2006 are reminiscent of the policies of the 1970s that led to the debt crisis, in particular, the accumulation of external debt and the -
Country Codes and Currency Codes in Research Datasets Technical Report 2020-01
Country codes and currency codes in research datasets Technical Report 2020-01 Technical Report: version 1 Deutsche Bundesbank, Research Data and Service Centre Harald Stahl Deutsche Bundesbank Research Data and Service Centre 2 Abstract We describe the country and currency codes provided in research datasets. Keywords: country, currency, iso-3166, iso-4217 Technical Report: version 1 DOI: 10.12757/BBk.CountryCodes.01.01 Citation: Stahl, H. (2020). Country codes and currency codes in research datasets: Technical Report 2020-01 – Deutsche Bundesbank, Research Data and Service Centre. 3 Contents Special cases ......................................... 4 1 Appendix: Alpha code .................................. 6 1.1 Countries sorted by code . 6 1.2 Countries sorted by description . 11 1.3 Currencies sorted by code . 17 1.4 Currencies sorted by descriptio . 23 2 Appendix: previous numeric code ............................ 30 2.1 Countries numeric by code . 30 2.2 Countries by description . 35 Deutsche Bundesbank Research Data and Service Centre 4 Special cases From 2020 on research datasets shall provide ISO-3166 two-letter code. However, there are addi- tional codes beginning with ‘X’ that are requested by the European Commission for some statistics and the breakdown of countries may vary between datasets. For bank related data it is import- ant to have separate data for Guernsey, Jersey and Isle of Man, whereas researchers of the real economy have an interest in small territories like Ceuta and Melilla that are not always covered by ISO-3166. Countries that are treated differently in different statistics are described below. These are – United Kingdom of Great Britain and Northern Ireland – France – Spain – Former Yugoslavia – Serbia United Kingdom of Great Britain and Northern Ireland. -
Military Expenditure by Country, in Local Currency, 1988-2020
Military expenditure by country, in local currency, 1988-2020 (see below for 1999-2020) © SIPRI 2021 Figures are in local currency at current prices and are for financial years. Countries are grouped by region and subregion. All figures are expressed in terms of the current currency. In cases where there has been hyperinflation and multiple redenominations of currency, this can mean that figures for earlier years may be only a fraction of a present-day currency unit. Financial years are always treated as starting in the specified year. For example for countries with an FY of October-September, FY1974 means October 1974-September 1975. Figures in blue are SIPRI estimates. Figures in red indicate highly uncertain data. ". ." = data unavailable. "xxx" = country did not exist or was not independent during all or part of the year in question. Country Currency Notes 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 Africa North Africa Algeria b. dinars 1 6.1 6.5 8.1 10.4 23 29.8 46.8 58.8 79.5 101.1 112.2 Libya m. dinars ‡ ¶ 2 . 577 675 Morocco m. dirhams 3 7530 8408 8817 9999 10489 11640 12564 18420 12946 13748 14008 Tunisia m. dinars 199.8 222.2 217.7 240.8 256.2 277.2 300.5 324.3 386.9 396.1 416.6 Sub-Saharan Angola th/m. kwanzas ǁ 4 0.04 0.06 0.05 0.06 0.2 4.7 35.4 643.1 20452 104621 66889 Benin b. CFA francs 11 9.1 8.935 . -
Treasury Designates Iran- Based Financial Facilitators of Malicious
An official website of the United States Government U.S. DEPARTMENT OF THE TREASURY SECRETARY MNUCHIN ABOUT TREASURY POLICY ISSUES DATA SERVICES NEWS SEARCH HOME NEWS PRESS RELEASES NEWS PRESS RELEASES LATEST NEWS Press Treasury December 7, 2018 Releases OFAC Extends Designates Iran- Expiration Date of Statements General Licenses & Related to EN+, Remarks Based Financial RUSAL, and GAZ Facilitators of Readouts December 4, 2018 Postal Task Force Testimonies Malicious Cyber Activity and for Releases Report Featured Stories the First Time December 3, 2018 Remarks by Craig Press Identifies Phillips, Counselor to Contacts the Secretary, on Associated Digital Market Structure Report to President Currency Trump on Reforming America’s Healthcare System Through Addresses Choice and Competition Under Secretary Sigal November 28, 2018 Mandelker Remarks ABA/ABA Financial Crimes Enforcement WASHINGTON – The U.S. Department of the Conference December Treasury’s O!ice of Foreign Assets Control 3, 2018 (OFAC) took action today against two Iran- based individuals, Ali Khorashadizadeh and Mohammad Ghorbaniyan, who helped exchange digital currency (bitcoin) ransom payments into Iranian rial on behalf of Iranian malicious cyber actors involved with the SamSam ransomware scheme that targeted over 200 known victims. Also today, OFAC identified two digital currency addresses associated with these two financial facilitators. Over 7,000 transactions in bitcoin, worth millions of U.S. dollars, have processed through these two addresses - some of which involved SamSam ransomware derived bitcoin. In a related action, the U.S. Department of Justice today indicted two Iranian criminal actors for infecting numerous data networks with SamSam ransomware in the United States, United Kingdom, and Canada since 2015.