Offshore yuan is yuan placed on the accounts of banks of other countries. Traded mostly in Hong Kong. The main difference from the territorial yuan is that the People’s Bank of China cannot directly control its rate. United States Dollar (currency symbol – $, bank code: USD) is the US monetary unit, one of the […]

Turkish lira is the monetary unit of Turkey. Introduced on 29th October 1923 during reforms, conducted by Atatürk, replacing the Ottoman lira. The issuer is the Central Bank of the Republic of Turkey. Currently, Turkey uses a floating exchange rate regime. The criterion for the effectiveness of the exchange rate policy is inflation. The euro […]