Currency
dollar
see Italy
DEFINITION:
A nation's primary official unit of currency
SOURCE:
Pacific Exchange Rate Services
DEC alternative conversion factor > LCU per US$
1.54
0.89
DEFINITION:
The DEC alternative conversion factor is the underlying annual exchange rate used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics (line rf). Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar.
SOURCE:
World Development Indicators database
Official exchange rate > LCU per US$, period average
1.33
0.8
DEFINITION:
Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar).
SOURCE:
World Development Indicators database
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