The currency abbreviation for the Solomon Islands dollar (SBD), the currency for the Solomon Islands. The Solomon Islands dollar is made up of 100 cents and is often presented with the symbol $ or SI$ to set it apart from other dollar-based currencies. |||The Solomon Islands dollar replaced the Australian dollar (AUD) at a rate of 1:1 in 1977, and was pegged at SI$1.05 to AU$1 for five months before being allowed to float freely. However, inflation has moved the value of the Solomon Islands dollar away from the Australian dollar.
The currency abbreviation the Saudi riyal (SAR), the currency for Saudi Arabia. The Saudi riyal is made up of 100 halala or 20 ghirsh, and is often presented with the symbol SR. The Saudi riyal is pegged to the U.S. dollar at about 3.75 SAR. |||In 1932, Saudi Arabia was created by the combination of the Hejazi Kingdom and the Sultanate of Nejd. After its creation, Saudi Arabia used a bimetallic monetary system based on British gold sovereigns and silver riyals. In 1952, the monetary system was reformed to use a single currency. This currency, the Saudi riyal, was backed by Saudi gold guineas equivalent to the British gold sovereign until 1959, when a system based on fiat money issued by the Saudi Arabian Monetary Agency was created.
A slang term for the stock market in Japan. Samurai market is usually used buy non-residents of Japan, with a reference to the iconic Japanese warrior - the samurai. |||The term Samurai market was used in business slang but has become widely accepted, much like the "Yankee market" refers to U.S. markets and the "bulldog market" refers to the market in United Kingdom.
The currency abbreviation the Russian ruble (RUB), the currency for Russia. The Russian ruble is made up of 100 kopeks and does not have an official symbol. Although no symbol exists officially, py6 (three Cyrillic characters which are the equivalent of RUB in Russian) is currently used. |||The Russian ruble has been redenominated six times since 1922. Today's ruble, the seventh ruble, has been around since its redenomination in 1998, when it replaced the sixth ruble at a rate of 1,000:1.
The currency abbreviation for the Serbian dinar (RSD), the currency for Serbia. The Serbian dinar is made up of 100 para and is often presented with the symbol RSD or, unofficially, din. Also known as the post-Yugoslavia dinar, this currency is used in all of Serbia, except for Kosovo. Kosovo declared itself an independent state in February 2008, although at that time Serbia still claimed sovereignty over the state. |||The Serbian dinar dates back to 1214. The modern dinar showed up in 1868 in an attempt to remove the different foreign currencies in circulation and set up an independent monetary system. The Serbian dinar is the third modern dinar, and came into circulation in 2003, when it replaced the former dinar, the Yugoslav dinar, at par.
The currency abbreviation for the Romanian new leu (RON), the currency for Romania. The Romanian new leu is made up of 100 bani and is often presented with the symbol L. The new leu is expected to remain the currency of Romania until it adopts the euro in 2014. |||The old Romanian leu (currency symbol ROL) was replaced by the new leu in July of 2005 at a rate of 10,000:1. The new leu is the fourth leu in a series of currencies brought about through revaluations since 1867; it was used alongside the previous leu from March of 2005 until June of 2006, during the conversion period.
A rollover is when you do the following: 1. Reinvest funds from a mature security into a new issue of the same or a similar security. 2. Transfer the holdings of one retirement plan to another without suffering tax consequences. 3. Move a forex position to the following delivery date, in which case the rollover incurs a charge. |||1. Assuming an option about to expire is favorable to hold, you may decide to buy or sell the later expiring option. 2. Retirement plans may be moved in order to forgo tax consequences when moving from one company to another. The distribution is reported on IRS Form 1099-R and the rollover contribution is reported on IRS Form 5498. Rollovers may be limited to one per annum for each IRA and the assets are generally made payable to the retirement account holder. The assets must then be deposited to the receiving retirement account within 60 days after the account holder receives the assets. 3. The forex fee arises from the difference in interest rates between the two currencies underlying a transaction. Sometimes investors can earn a credit if they are purchasing the currency with the higher of the two interest rates. Investors are often required to maintain certain margin positions with their brokers to earn a credit from rollover.
In currencies, this is the abbreviation for the Seychelles Rupee. |||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.
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