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Economy > Exchange rates > A note: Countries Compared

COUNTRY DESCRIPTION
Brazil from October 1994 through 14 January 1999, the official rate was determined by a managed float; since 15 January 1999, the official rate floats independently with respect to the US dollar
Bulgaria on 5 July 1999, the lev was redenominated; the post-5 July 1999 lev is equal to 1,000 of the pre-5 July 1999 lev
Comoros prior to January 1999, the official rate was pegged to the French franc at 75 Comoran francs per French franc; since 1 January 1999, the Comoran franc is pegged to the euro at a rate of 491.9677 Comoran francs per euro
Democratic Republic of the Congo on 30 June 1998 the Congolese franc was introduced, replacing the new zaire
Ecuador on 13 March 2000, the National Congress approved a new exchange system whereby the US dollar was adopted as the main legal tender in Ecuador for all purposes; on 20 March 2000, the Central Bank of Ecuador started to exchange sucres for US dollars at a fixed rate of 25,000 sucres per US dollar; since 30 April 2000, all transactions are denominated in US dollars
El Salvador since January 2001 the US dollar has also become legal tender; the exchange rate has been fixed at 8.75 colones per US dollar
Ethiopia since 24 October 2001 exchange rates are determined on a daily basis via interbank transactions regulated by the Central Bank
Greece in January 2001, the drachma became a participating currency within the Eurosystem, and the euro market rate became applicable to all transactions
Guinea-Bissau as of 1 May 1997, Guinea-Bissau adopted the XOF franc as the national currency; since 1 January 1999, the XOF franc is pegged to the euro at a rate of 655.957 XOF francs per euro
Jordan since May 1989, the Jordanian dinar has been pegged to a group of currencies
Liberia until December 1997, rates were based on a fixed relationship with the US dollar; beginning in January 1998, rates are market determined
Libya Libya devalued its official rate for foreign trade on 1 January 2002 to 21.30 dinars per US dollar; the previous official rate was 0.63 dinar per US dollar (Dec 2001)
Mozambique effective October 2000, the exchange rate is determined as the weighted average of buying and selling exchange rates of all transactions of commercial banks and stock exchanges with the public; meticais is the plural form of metical
Poland zlotych is the plural form of zloty
Russia the post-1 January 1998 ruble is equal to 1,000 of the pre-1 January 1998 rubles
Somalia the Republic of Somaliland, a self-declared independent country not recognized by any foreign government, issues its own currency, the Somaliland shilling
Suriname beginning in July 1994, the central bank midpoint exchange rate was unified and became market determined; during 1998, the exchange rate splintered into four distinct rates; in January 1999 the government floated the guilder, but subsequently fixed it when the black-market rate plunged; the government currently allows trading within a band of SRG 500 around the official rate
Tajikistan the new unit of exchange was introduced on 30 October 2000, with one somoni equal to 1,000 of the old Tajikistani rubles
United States financial institutions in France, Italy, and Germany and eight other European countries started using the euro on 1 January 1999 with the euro replacing the local currency in consenting countries for all transactions in 2002

Citation

"Countries Compared by Economy > Exchange rates > A note. International Statistics at NationMaster.com", CIA World Factbook, December 2003. Aggregates compiled by NationMaster. Retrieved from http://www.nationmaster.com/country-info/stats/Economy/Exchange-rates/A-note

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