Economy of Hungary account transactions, and subsequent to OECD membership in 1996, for almost all capital account transactions as well. Since 1995, Hungary has pegged the forint against a basket of currencies (in which the U.S. dollar is 30%), and the central rate against the basket is devalued at a preannounced rate, originally set at 0.8% per month, the Forint is now an entirely free-floating currency. The government privatization program ended on schedule in 1998: 80% of GDP is now produced by the private sector, and foreign owners control 70% of financial institutions, 66% of industry, 90% of telecommunications, and 50% of the
Cash (currency) sub unit of the piastre usually known as a "sapèque". Cash was a currency unit of Madras Province during the period of British rule in India. Specifically, it was a subunit of the fanam, rupee, and pagoda. Copper coins of 20 cash were called pice, 10 cash were called dodees, and 5 cash were called half dodees. Travancore cash was similar to the Madras cash yet differed in the value compared to the rupee. thus, 1 rupee = 448 cash. Cash (currency) Cash is a name for several historical currencies used in Asia. It is applied to units used in