1 USD to PKR / Dollar to PKR / 1 Dollars in Pakistani Rupees
USD to PKR / Dollar to PKR
If you are searching on Google or any search engine regarding Currency Exchange Rates then you have reached on the right place as we have shared the today rates of USD to PKR with our readers. Want to know the today rates of USD to PKR So lets have a look on the rates of USD to PKR.
USD Dollar to pkr
What is a currency?
The word “currency”, which is widespread in the modern world, came into wide use quite recently (in the second half of the 20th century) and has Italian roots. So, in a literal translation from Italian, the word “valuta” means nothing more than “cost”.
Today, the concept of “currency” is considered in several meanings at once:
firstly, as any commodity that is capable of performing the functions of money in domestic or international trade (broad meaning);
secondly, as a monetary unit, which is the main element of a particular state monetary system (for example, the dollar in the United States, the ruble in Russia), world or regional currency systems – directly monetary units (narrow value);
thirdly, as a banknote of foreign countries (for example, the euro for Russia), payment and credit documents for international settlements.
Moreover, when the concept of currency is used as the main monetary unit of the state, it is much narrower in its meaning than money, which in different historical periods could be certain goods – cigarettes, sugar, vodka, etc.
The main requirements set for a modern currency are authenticity (that is, originality of origin) and solvency (the ability to act as a means of payment for goods and services). In addition, the currency is mostly convertible, that is, it can be exchanged for another, based on the exchange rates set by the state or the bank.
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