The currency symbol for the Sri Lankan rupee (LKR), the currency for the Democratic Socialist Republic of Sri Lanka (Ceylon prior to 1972), an island nation off the southern coast of India. The Sri Lankan rupee is made up of 100 cents and is often presented with the symbol Rp. or Rs., in the form Rp. 50 for 50 rupees. The rupee can also be presented with SLRp. or SLRs., rather than Rp. or Rs., to differentiate it from other currencies denominated in rupees. |||The Sri Lankan rupee was first established in 1869, replacing the British pound at an amount equal to the Indian rupee (1 rupee to 2 shillings, 3 pence), and was a decimal currency from 1871. As inflation devalues the currency, new banknotes are released (for example, in 2006 a 2000 rupee note was issued), and although older Sri Lankan (and Ceylon) banknotes and coins remain legal tender, older and smaller notes and coins are rarely seen in circulation.
The currency abbreviation for the Libyan dinar (LYD), the currency for Libya. The Libyan dinar is made up of 1000 dirham and is often presented with the symbol LD. In Libya, the dinar is often called jni or jneh. The word dirham is never used in everyday language, "garsh" is used instead, which equals 10 dirhams. |||In 1951, Libya gained independence and introduced its own currency, the Libyan pound. The Libyan dinar replaced the Libyan pound in 1971 at par. Prior its independence, many currencies had been used in Libya, and at one point the Italian lira, the Algerian franc and the Egyptian pound were all used across the nation.
In currencies, this is the abbreviation for the Latvian Lat. |||The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
The currency abbreviation for the Latvian lat (LVL), the currency for Latvia. The Latvian lat is made up of 100 santïms and is often presented with the symbol Ls before the numerals, or s after them (Ls100 or 100s). |||The Latvian lat replaced the Latvian ruble in 1922, but was replaced by the USSR ruble in 1940 when Latvia became part of the USSR. In 1993, Latvia regained its independence, and the lat was restored as the official currency, replacing the ruble at a rate of 1:200. Latvia planned to adopt the euro in 2008, but was unable to reduce its inflation to the required level in time to do so.
The currency code for the Lithuanian litas, the currency of the Baltic country of Lithuania. The Lithuanian litas (LTL) is subdivided into 100 centas. The Bank of Lithuania mints coins in denominations of 1, 2, 5, 10, 20 and 50 centas, and 1, 2 and 5 litai. Banknotes are issued in 10, 20, 50, 100, 200 and 500 denominations. |||ISO 4217 currency codes are the global standard for currency recognition. The three-letter codes are established by the International Organization for Standardization (ISO), and are used universally around the world in banking and business.
The currency code for the Lesotho loti, the official currency of the Kingdom of Lesotho. The loti is subdivided into 100 lisente subunits and is pegged to the South African rand at par through the so-called Common Monetary Area. Coins are issued in denominations of 1, 2, 5, 10, 20 and 50 lisente, and 1, 2 and 5 loti. Banknotes are issued in denominations of 10, 20, 50, 100 and 200. |||The ISO 4217 is a global standard for currency recognition. The three letter codes are established by the International Organization for Standardization (ISO). These codes are used around the world in banking and business.
Any currency that can have its exchange rate affected by the intervention of a central bank. This is opposed to a currency that is determined solely by the forces of supply and demand in the world market. Virtually no currencies truly fall into this latter category. |||The majority of major world currencies are managed at least to some degree. This is due to the purchase and sale of these currencies by the central banks of different countries.They do this in order to stabilize the markets and affect their own monetary policies.
The four forex pairs which are considered to be the most heavily traded in the forex market. The four major pairs are: EUR/USD, USD/JPY, GBP/USD, USD/CHF. |||These currency pairs are considered by many to drive the global forex market and are the most heavily traded. Although it is widely regarded that the major pairs consist of only four pairs, some believe that the USD/CAD and USD/AUD pairs should also be regarded as majors. However, these two pairs can be found in the group of pairs known as the "commodity pairs".
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