ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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UTTAR PRADESH-Uttarakhand Card

foreign exchange trading has been fairly constant as nearly 80 per cent of the daily foreign exchange trading is done by the top seven financial centre countries, with the U K (27 per cent in 1992 and 30 per cent in 1995), the US (16 per cent) and Japan (11 per cent in 1992andl0percentinl995)toppingthciist. The US dollar continued to dominate, with transactions involving this currency on one side constituting 90 per cent in 1989 and 82 per cent in 1992 and 84 per cent in 1995; the other currency to show a rise from 27 per cent in 1989 to 40 per cent in 1992 and 37 per cent in 1995 was the deutsche mark because of its dominance in European Community transactions.

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