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US and Cuba reopen embassies after 54 years

02:09 PM | 20 Jul, 2015
US and Cuba reopen embassies after 54 years
HAVANA (Web Desk) - The United States and Cuba have reopened embassies in each other's countries for the first time in 54 years in a move that officially restores their full diplomatic ties, the AlJazeera reported.

Cuba on Monday was to open its Washington mission with a ceremony attended by hundreds of guests, while the US was to restore its former Havana mission, which has operated under the auspices of the Swiss Embassy, into a fully-fledged US embassy after midnight on Sunday.

Presidents Barack Obama and his Cuban counterpart Raul Castro exchanged letters last month agreeing to unfreeze ties on July 20, when the embassies could be reopened.

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Obama - who was born the year the US embassy was closed, in 1961 - then hailed the deal as a "historic step forward" that would end a failed and archaic US policy of isolating the island.

Obama ordered a review of Cuba's status on America's state sponsors of terrorism list as part of a landmark policy shift in December when he and Castro announced they would work towards a broader normalisation of ties.

The announcement followed a half-century of enmity, a crippling economic embargo, CIA assassination plots and a Cuban missile crisis.

The presidents then met in April at the Summit of the Americas in Panama City in the first meeting between the countries' leaders in decades and announced a "turning point" towards warmer relations.

The United States formally dropped Cuba from a list of state sponsors of terrorism the following month, and has since announced moves to allow increased trade and travel between the countries.

The author is working as Editor Digital Media for Daily Pakistan and can be reached @ItsSarfrazAli.

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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 22 February 2024

Pakistani rupee remains stable against US dollar and other currencies in the open market on February 22, 2024 (Thursday)

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.6 for buying and 282.4 for selling.

Euro comes down to 300.2 for buying and 303.2 for selling while British Pound rate stands at 350.6 for buying, and 354.1 for selling.

UAE Dirham AED hovers at 76.2 whereas the Saudi Riyal saw slight increase, with new rates at 74.45.

Today’s currency exchange rates in Pakistan - 22 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.6 282.4
Euro EUR 300.2 303.2
UK Pound Sterling GBP 350.6 354.1
U.A.E Dirham AED 76.2 76.95
Saudi Riyal SAR 74.45 75.2
Australian Dollar AUD 181.15 183.15
Bahrain Dinar BHD 743.32 751.32
Canadian Dollar CAD 207.15 209.15
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.74 36.09
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 902.41 911.41
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 725.96 733.96
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207.1 209.1
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 316.9 319.4
Thai Bhat THB 7.93 8.08

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