Ora (currency) Ora (currency) The Ora (symbol:Φ, ) is the local currency of Orania, an Afrikaner enclave in South Africa. It is pegged at par with the South African rand. The name, recalling that of the town where it circulates, derives from Latin "aurum", meaning "gold". The currency is not sanctioned by the South African Reserve Bank. The first notes were issued in April 2004 to provide an internal currency for Orania as part of its quest for self-determination. The idea of the Ora originated in 2002, when Professor Johan van Zyl argued that a community that intended to empower itself should
Currency swap South Korea imported goods worth $13.2 billion from Indonesia, while its exports reached $11.6 billion. In August 2018, Qatar and Turkey's central banks signed a currency swap agreement to provide liquidity and support for financial stability. Japan and India signed a currency swap agreement worth US$75 billion in October, 2018, which has been one of the largest bilateral currency swap agreements. Currency swap In finance, a currency swap (more typically termed a cross-currency swap (XCS)) is an interest rate derivative (IRD). In particular it is a linear IRD and one of the most liquid, benchmark products spanning multiple currencies simultaneously.