Your English writing platform
Discover LudwigExact(12)
The official value of the local currency has plummeted by a factor of 16 in the past year, with inflation at over 780%.
Predictably, these have led to a booming black market, on which the American dollar fetches more than seven times its official value of 6.3 bolivars.
3. Argentina said Wednesday it will eliminate the foreign exchange restrictions that have propped up the official value of the peso since 2011, setting up a potentially painful devaluation.
In another move, the central bank quietly cut the official value of the local currency, the rial, in half, so that a dollar now buys 24,500 rials, up from 12,260.
According to the 21st Century Business Herald, the ministry was assessed at an official value of four trillion three hundred billion yuan — just under seven hundred billion dollars — a figure so low that the paper quoted experts who found it "inconceivable" and "impossible".
Belarus cuts the official value of its rouble currency against the dollar by 36%, leaving it still less than half of the freely-traded interbank rate.
Similar(46)
Indeed, one primary purpose of law as traditionally understood is to promote stability and order by reinforcing adherence to predominant norms, representing them not only as the official values of a society, but even as universal, natural, and inevitable.
The policy implication of using today's official values instead of the estimates of this study is the risk that social benefits from a road-noise-reducing measures will be underestimated, due to the strong progressive relationship between costs and noise levels and the fact that most people are subjected to low noise levels.
They were given their official value in terms of the Portuguese reis, the corresponding amount being indicated by counterstamping.
The government also asked Twitter to take down accounts of users posting the illegal black market exchange rate for Venezuela's bolivar currency, which is trading at about one-tenth of the official value.
To meet the rest of their foreign-currency needs, many Venezuelans have had to turn to a flourishing black market, where the bolívar has traded at a fraction of its official value.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com