BERLIN – Olaf Scholz from Germany's Social Democratic Party (SPD) was sworn in as Germany's new chancellor on Wednesday with a promise that he would do all he could to work towards a new start for the European country.
According to the German Bundestag, or the lower house of Parliament, Scholz got 395 of the 707 votes, well above the 369-vote majority required in the 736-seat Bundestag.
The newly-elected chancellor then went to the official residence of the Federal President at Bellevue Palace where he was appointed by President Frank-Walter Steinmeier.
Scholz was then sworn in at the Bundestag.
🇩🇪 The Angela Merkel era is over, the social democrat @OlafScholz is the new #chancellor of #Germany.
— All about Germany | deutschland.de (@en_germany) December 8, 2021
🚦 Now Germany's first federal government with a #trafficlight must show what it can do. The Federal President offers some advice on governing. #NewsDE #Politics pic.twitter.com/3kGgPTZDuu
Later in the day, the new government's ministers were also appointed. In the afternoon, Scholz officially took over the chancellery from Angela Merkel, who leaves after a .
The SPD won the federal election at the end of September. Scholz will lead the country's first three-party coalition of SPD, the Greens and the Free Democratic Party (FDP). The parties signed a 177-page coalition agreement on Tuesday.
His first foreign trip as chancellor will be to Paris and Brussels on Friday, the BBC reported.
Pakistani currency continues to gain against US Dollar and other currencies on April 18, 2024. US dollar was being quoted at 277.2 for buying and 280.3 for selling.
Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.
UAE Dirham AED was at 75.25 and Saudi Riyal's new rates was at 73.30.
Currency | Symbol | Buying | Selling |
---|---|---|---|
US Dollar | USD | 277.2 | 280.3 |
Euro | EUR | 293 | 296 |
UK Pound Sterling | GBP | 342.25 | 345.65 |
U.A.E Dirham | AED | 75.25 | 75.95 |
Saudi Riyal | SAR | 73.3 | 74.05 |
Australian Dollar | AUD | 181 | 182.8 |
Bahrain Dinar | BHD | 739.63 | 747.63 |
Canadian Dollar | CAD | 201 | 203 |
China Yuan | CNY | 38.45 | 38.85 |
Danish Krone | DKK | 40.45 | 40.85 |
Hong Kong Dollar | HKD | 35.57 | 35.92 |
Indian Rupee | INR | 3.32 | 3.43 |
Japanese Yen | JPY | 1.86 | 1.94 |
Kuwaiti Dinar | KWD | 902.26 | 912.91 |
Malaysian Ringgit | MYR | 58.24 | 59.52 |
New Zealand Dollar | NZD | 164.75 | 169.63 |
Norwegians Krone | NOK | 25.42 | 25.68 |
Omani Riyal | OMR | 722.1 | 730.1 |
Qatari Riyal | QAR | 76.37 | 77.05 |
Singapore Dollar | SGD | 206 | 208 |
Swedish Korona | SEK | 25.72 | 26.02 |
Swiss Franc | CHF | 307.11 | 309.61 |
Thai Bhat | THB | 7.56 | 7.76 |
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