The Iranian toman is a superunit of the official currency of Iran, the rial. It was divided into 10,000 dinars. Between 1798 and 1825, the toman was subdivided into 8 rial, each of 1250 dinar. In 1825, the qiran was introduced, worth one tenth of a toman. In 1932, the rial replaced the toman at a rate of 1 toman = 10 rials. Although the rial is the official currency of Iran, Iranians employ the term'toman', meaning 10 rials. On 7 December 2016, the Iranian government approved a call by the central bank to replace the country's rial currency with the more colloquially and known toman denomination. If the Iranian parliament votes to approve the measure, Iran's currency will change its name and value after nearly eight decades. Iranian gold coins were denominated in toman, with copper and silver coins denominated in dinar, rial or qiran. During the period of hammered coinage, gold toman coins were struck in denominations of ¼, ½, 1, 2 and 10 toman, 1⁄5, 3 and 6 toman. With the introduction of milled coinage in AH1295, denominations included 1⁄5, ½, 1, 2, 5, 10, 25 toman.
The last gold toman were issued in 1965, well after the toman had ceased to be an official Iranian currency. In 1890, the Imperial Bank of Persia introduced notes in denominations of 1, 2, 3, 5, 10, 20, 25, 50, 100, 500 and 1000 toman; these notes were issued until 1923. In 1924, a second series was introduced, consisting of 1, 2, 5, 10, 20, 50 and 100 toman notes which were issued until the rial was introduced in 1932; the higher-denomination notes were subject to frequent counterfeiting. Since the worth of the toman has fallen so much the standard bank notes are 1,000. During World War I, a group of German and Turkish soldiers occupied a small portion of Iran until 1918, they circulated five different denominations of German Imperial Treasury notes with a red overprint in Persian that were used locally. In addition to the 12 qiran 10 shahi and 25 qiran notes pictured, the rest of the issue included: 5 Tomans, 25 Tomans, 250 Tomans. Wilhelm Wassmuss appears to be given credit for the issue of currency.
Cuhaj, George S. ed.. Standard Catalog of World Gold Coins 1601–Present. Krause. ISBN 978-1-4402-0424-1. Cuhaj, George S. ed.. Standard Catalog of World Paper Money Specialized Issues. Krause. ISBN 978-1-4402-0450-0. Cuhaj, George S. ed.. Standard Catalog of World Paper Money General Issues. Krause. ISBN 978-1-4402-1293-2. Money in Persia History of Money in Iran
Western Europe is the region comprising the western part of Europe. Though the term Western Europe is used, there is no agreed-upon definition of the countries that it encompasses. Significant historical events that have shaped the concept of Western Europe include the rise of Rome, the adoption of Greek culture during the Roman Republic, the adoption of Christianity by Roman Emperors, the division of the Latin West and Greek East, the Fall of the Western Roman Empire, the reign of Charlemagne, the Viking invasions, the East–West Schism, the Black Death, the Renaissance, the Age of Discovery, the Protestant Reformation as well as the Counter-Reformation of the Catholic Church, the Age of Enlightenment, the French Revolution, the Industrial Revolution, the two world wars, the Cold War, the formation of the North Atlantic Treaty Organization and the expansion of the European Union. Prior to the Roman conquest, a large part of Western Europe had adopted the newly developed La Tène culture; as the Roman domain expanded, a cultural and linguistic division appeared between the Greek-speaking eastern provinces, which had formed the urbanized Hellenistic civilization, the western territories, which in contrast adopted the Latin language.
This cultural and linguistic division was reinforced by the political east-west division of the Roman Empire. The Western Roman Empire and the Eastern Roman Empire controlled the two divergent regions between the 3rd and the 5th centuries; the division between these two was enhanced during Late antiquity and the Middle Ages by a number of events. The Western Roman Empire collapsed. By contrast, the Eastern Roman Empire known as the Greek or Byzantine Empire and thrived for another 1000 years; the rise of the Carolingian Empire in the west, in particular the Great Schism between Eastern Orthodoxy and Roman Catholicism, enhanced the cultural and religious distinctiveness between Eastern and Western Europe. After the conquest of the Byzantine Empire, center of the Eastern Orthodox Church, by the Muslim Ottoman Empire in the 15th century, the gradual fragmentation of the Holy Roman Empire, the division between Roman Catholic and Protestant became more important in Europe than that with Eastern Orthodoxy.
In East Asia, Western Europe was known as taixi in China and taisei in Japan, which translates as the "Far West". The term Far West became synonymous with Western Europe in China during the Ming dynasty; the Italian Jesuit priest Matteo Ricci was one of the first writers in China to use the Far West as an Asian counterpart to the European concept of the Far East. In Ricci's writings, Ricci referred to himself as "Matteo of the Far West"; the term was still in use in the late early 20th centuries. Christianity is still the largest religion in Western Europe, according to a 2018 study by the Pew Research Center, 71.0% of the Western European population identified themselves as Christians. The East–West Schism, which has lasted since the 11th century, divided Christianity in Europe, the world, into Western Christianity and Eastern Christianity. With certain simplifications, Western Europe is thus Catholic or Protestant and uses the Latin alphabet. Eastern Europe uses the Greek alphabet or Cyrillic script.
According to this definition, Western Europe is formed by countries with dominant Roman Catholic and Protestant churches, including countries which are considered part of Central Europe now: Austria, Croatia, Czech Republic, Estonia, France, Hungary, Ireland, Latvia, Lithuania, Malta, Norway, Portugal, Slovenia, Sweden and United Kingdom. Eastern Europe, meanwhile is formed by countries with dominant Eastern Orthodox churches, including Greece, Bulgaria, Romania and Ukraine for instance; the schism is the break of communion and theology between what are now the Eastern and Western churches. This division dominated Europe for centuries, in opposition to the rather short-lived Cold War division of four decades. Since the Great Schism of 1054, Europe has been divided between Roman Catholic and Protestant churches in the West and the Eastern Orthodox Christian churches in the east. Due to this religious cleavage, Eastern Orthodox countries are associated with Eastern Europe. A cleavage of this sort is, however problematic.
During the four decades of the Cold War, the definition of East and West was rather simplified by the existence of the Eastern Bloc. Historians and social scientists view the Cold War definition of Western and Eastern Europe as outdated or relegating. During the final stages of World War II, the future of Europe was decided between the Allies in the 1945 Yalta Conference, between the British Prime Minister, Winston Churchill, the U. S. President, Franklin D. Roosevelt, the Premier of the Soviet Union, Joseph Stalin. Post-war Europe would be divided into two major spheres: the Western Bloc, influenced by the United States, the Eastern Bloc, influenced by the Soviet Union. With the onset of the Cold War, Europe was divided by the Iron Curtain; this term had been used during World War II by German Propaganda Minister Joseph Goebbels and Count Lutz Schwerin von Krosigk in the last days of the war.
Korea is a region in East Asia. Since 1948, it has been divided between two distinct sovereign states: South Korea. Korea consists of the Korean Peninsula, Jeju Island, several minor islands near the peninsula. Korea is bordered by China to the northwest, Russia to the northeast, neighbours Japan to the east by the Korea Strait and the Sea of Japan. During the first half of the 1st millennium, Korea was divided between the three competing states of Baekje and Silla, together known as the "Three Kingdoms of Korea". In the second half of the 1st millennium and Goguryeo were conquered by Silla, leading to the "Unified Silla" period. Meanwhile, Balhae formed in the north following the collapse of Goguryeo. Unified Silla collapsed into three separate states due to civil war, ushering in the Later Three Kingdoms. Toward the end of the 1st millennium Goryeo, a revival of Goguryeo, defeated the two other states and unified the Korean Peninsula as one single state. Around the same time, Balhae collapsed and its last crown prince fled south to Goryeo.
Goryeo, whose name developed into the modern exonym "Korea", was a cultured state that created the world's first metal movable type in 1234. However, multiple invasions by the Mongol Empire during the 13th century weakened the nation, which agreed to become a vassal state after decades of fighting. Following military resistance under King Gongmin which ended Mongol political influence in Goryeo, severe political strife followed, Goryeo fell to a coup led by General Yi Seong-gye, who established Joseon in 1392; the first 200 years of Joseon were marked by relative peace. During this period, the Korean alphabet was created by Sejong the Great in the 15th century and there was increasing influence of Confucianism. During the part of the dynasty, Korea's isolationist policy earned it the Western nickname of the "Hermit Kingdom". By the late 19th century, the country became the object of imperial design by the Empire of Japan. After the First Sino-Japanese War, despite the Korean Empire's effort to modernize, it was annexed by Japan in 1910 and ruled by Imperial Japan until the end of World War II in August 1945.
In 1945, the Soviet Union and the United States agreed on the surrender of Japanese forces in Korea in the aftermath of World War II, leaving Korea partitioned along the 38th parallel. The North was under Soviet occupation and the South under U. S. occupation. These circumstances soon became the basis for the division of Korea by the two superpowers, exacerbated by their inability to agree on the terms of Korean independence; the Communist-inspired government in the North received backing from the Soviet Union in opposition to the pro-Western government in the South, leading to Korea's division into two political entities: North Korea, South Korea. Tensions between the two resulted in the outbreak of the Korean War in 1950. With involvement by foreign troops, the war ended in a stalemate in 1953, but without a formalized peace treaty; this status contributes to the high tensions. Both governments of the two Koreas claim to be the sole legitimate government of the region. "Korea" is the modern spelling of "Corea", a name attested in English as early as 1614.
Korea was transliterated as Cauli in The Travels of Marco Polo, of the Chinese 高麗. This was the Hanja for the Korean kingdom of Goryeo, which ruled most of the Korean peninsula during Marco Polo's time. Korea's introduction to the West resulted from trade and contact with merchants from Arabic lands, with some records dating back as far as the 9th century. Goryeo's name was a continuation of Goguryeo the northernmost of the Three Kingdoms of Korea, known as Goryeo beginning in the 5th century; the original name was a combination of the adjective go with the name of a local Yemaek tribe, whose original name is thought to have been either *Guru or *Gauri. With expanding British and American trade following the opening of Korea in the late 19th century, the spelling "Korea" appeared and grew in popularity; the name Korea is now used in English contexts by both North and South Korea. In South Korea, Korea as a whole is referred to as Hanguk; the name references Samhan, referring to the Three Kingdoms of Korea, not the ancient confederacies in the southern Korean Peninsula.
Although written in Hanja as 韓, 幹, or 刊, this Han has no relation to the Chinese place names or peoples who used those characters but was a phonetic transcription of a native Korean word that seems to have had the meaning "big" or "great" in reference to leaders. It has been tentatively linked with the title khan used by the nomads of Central Asia. In North Korea, China and Japan, Korea as a whole is referred to as. "Great Joseon" was the name of the kingdom ruled by the Joseon dynasty from 1393 until their declaration of the short-lived Great Korean Empire in 1897. King Taejo had named them for the earlier Kojoseon, who ruled northern Korea from its legendary prehistory until their conquest in 108 BC by China's Han Empire; this go is the Hanja 古 and
A coin is a small, round piece of metal or plastic used as a medium of exchange or legal tender. They are standardized in weight, produced in large quantities at a mint in order to facilitate trade, they are most issued by a government. Coins are metal or alloy, or sometimes made of synthetic materials, they are disc shaped. Coins made of valuable metal are stored in large quantities as bullion coins. Other coins are used as money in everyday transactions; the highest value coin in circulation is worth less than the lowest-value note. In the last hundred years, the face value of circulation coins has been lower than the value of the metal they contain, for example due to inflation. If the difference becomes significant, the issuing authority may decide to withdraw these coins from circulation issuing new equivalents with a different composition, or the public may decide to melt the coins down or hoard them. Exceptions to the rule of face value being higher than content value occur for some bullion coins made of copper, silver, or gold, intended for collectors or investors in precious metals.
Examples of modern gold collector/investor coins include the British sovereign minted by the United Kingdom, the American Gold Eagle minted by the United States, the Canadian Gold Maple Leaf minted by Canada, the Krugerrand, minted by South Africa. While the Eagle, Maple Leaf, Sovereign coins have nominal face values, the Krugerrand does not. A great quantity of coinage metals and other materials have been used to produce coins for circulation and metal investment: bullion coins serve as more convenient stores of assured metal quantity and purity than other bullion. Metal ingots, silver bullion or unmarked bars were in use for exchange among many of the civilizations that mastered metallurgy; the weight and purity of bullion would be the key determinant of value. In the Achaemenid Empire in the early 6th century BC, coinage was yet unknown, barter and to some extent silver bullion was used instead for trade; the practice of using silver bars for currency seems to have been current in Central Asia from the 6th century BC.
Coins were an evolution of "currency" systems of the Late Bronze Age, where standard-sized ingots, tokens such as knife money, were used to store and transfer value. In the late Chinese Bronze Age, standardized cast tokens were made, such as those discovered in a tomb near Anyang; these were replicas in bronze of earlier Chinese currency, cowrie shells, so they were named Bronze Shell. The earliest coins are associated with Iron Age Anatolia of the late 7th century BC, with the kingdom of Lydia. Early electrum coins were not standardized in weight, in their earliest stage may have been ritual objects, such as badges or medals, issued by priests; the unpredictability of the composition of occurring electrum implied that it had a variable value, which hampered its development. Most of the early Lydian coins include no writing, only an image of a symbolic animal. Therefore, the dating of these coins relies on archaeological evidence, with the most cited evidence coming from excavations at the Temple of Artemis at Ephesus called the Ephesian Artemision, site of the earliest known deposit of electrum coins.
Because the oldest lion head "coins" were discovered in that temple, they do not appear to have been used in commerce, these objects may not have been coins but badges or medals issued by the priests of that temple. Anatolian Artemis was the Πὀτνια Θηρῶν, it took some time before ancient coins were used for trade. The smallest-denomination electrum coins worth about a day's subsistence, would have been too valuable for buying a loaf of bread; the first coins to be used for retailing on a large-scale basis were small silver fractions, Ancient Greek coinage minted by the Ionian Greeks in the late sixth century BC. Many early Lydian and Greek coins were minted under the authority of private individuals and are thus more akin to tokens or badges than to modern coins, though due to their numbers it is evident that some were official state issues; the earliest inscribed coins are those of Phanes, dated to 625–600 BC from Ephesus in Ionia, with the legend ΦΑΝΕΟΣ ΕΜΙ ΣΗΜΑ, or just bearing the name ΦΑΝΕΟΣ.
The first electrum coins issued by a monarch are those minted by king Alyattes of Lydia, for which reason this king is sometimes mentioned as the originator of coinage. The successor of Alyattes, king Croesus, became associated with great wealth in Greek historiography, he is credited with issuing the Croeseid, the first true gold coins with a standardised purity for general circulation. And the world's first bimetallic monetary system circa 550 BCE. Herodotus mentioned the innovation made by the Lydians: "So far as we have any knowledge, they were the first people to introduce the use of gold and silver coins, the first who sold goods by retail" Coins spread in the 6th and 5th centuries BC, leading to the development of Ancient Greek coinage and Achaemenid coinage, further to Illyrian coinage. Standardized Roman currency
The akçe was the chief monetary unit of the Ottoman Empire, a silver coin. Three akçes were equal to one para. One-hundred and twenty akçes equalled one kuruş. After 1687 the kuruş became the main unit of account, replacing the akçe. In 1843, the silver kuruş was joined by the gold lira in a bimetallic system, its weight fluctuated, one source estimates it is between 1.18 grams. The name akçe referred to a silver coin but the meaning changed and it became a synonym for money; the mint in Novo Brdo, a fortified mining town in the Serbian Despotate rich with gold and silver mines, began to strike akçe in 1441 when it was captured by the Ottoman forces for the first time. The Suleiman Mosque in Istanbul is said to have cost 59 million akçe when it was constructed in the 1550s; this amount is said to have equalled 700,000 ducats in gold. Weight of Akçe in grams of silver and index. Akşa Ottoman coins September 1, 2013 - A huge treasure of 47,000 silver Akçe discovered in Goleşti, Romania
The euro is the official currency of 19 of the 28 member states of the European Union. This group of states is known as the eurozone or euro area, counts about 343 million citizens as of 2019; the euro is the second largest and second most traded currency in the foreign exchange market after the United States dollar. The euro is subdivided into 100 cents; the currency is used by the institutions of the European Union, by four European microstates that are not EU members, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members use the euro as their currency. Additionally, 240 million people worldwide as of 2018 use currencies pegged to the euro; the euro is the second largest reserve currency as well as the second most traded currency in the world after the United States dollar. As of August 2018, with more than €1.2 trillion in circulation, the euro has one of the highest combined values of banknotes and coins in circulation in the world, having surpassed the U.
S. dollar. The name euro was adopted on 16 December 1995 in Madrid; the euro was introduced to world financial markets as an accounting currency on 1 January 1999, replacing the former European Currency Unit at a ratio of 1:1. Physical euro coins and banknotes entered into circulation on 1 January 2002, making it the day-to-day operating currency of its original members, by March 2002 it had replaced the former currencies. While the euro dropped subsequently to US$0.83 within two years, it has traded above the U. S. dollar since the end of 2002, peaking at US$1.60 on 18 July 2008. In late 2009, the euro became immersed in the European sovereign-debt crisis, which led to the creation of the European Financial Stability Facility as well as other reforms aimed at stabilising and strengthening the currency; the euro is managed and administered by the Frankfurt-based European Central Bank and the Eurosystem. As an independent central bank, the ECB has sole authority to set monetary policy; the Eurosystem participates in the printing and distribution of notes and coins in all member states, the operation of the eurozone payment systems.
The 1992 Maastricht Treaty obliges most EU member states to adopt the euro upon meeting certain monetary and budgetary convergence criteria, although not all states have done so. The United Kingdom and Denmark negotiated exemptions, while Sweden turned down the euro in a 2003 referendum, has circumvented the obligation to adopt the euro by not meeting the monetary and budgetary requirements. All nations that have joined the EU since 1993 have pledged to adopt the euro in due course. Since 1 January 2002, the national central banks and the ECB have issued euro banknotes on a joint basis. Euro banknotes do not show. Eurosystem NCBs are required to accept euro banknotes put into circulation by other Eurosystem members and these banknotes are not repatriated; the ECB issues 8% of the total value of banknotes issued by the Eurosystem. In practice, the ECB's banknotes are put into circulation by the NCBs, thereby incurring matching liabilities vis-à-vis the ECB; these liabilities carry interest at the main refinancing rate of the ECB.
The other 92% of euro banknotes are issued by the NCBs in proportion to their respective shares of the ECB capital key, calculated using national share of European Union population and national share of EU GDP weighted. The euro is divided into 100 cents. In Community legislative acts the plural forms of euro and cent are spelled without the s, notwithstanding normal English usage. Otherwise, normal English plurals are sometimes used, with many local variations such as centime in France. All circulating coins have a common side showing the denomination or value, a map in the background. Due to the linguistic plurality in the European Union, the Latin alphabet version of euro is used and Arabic numerals. For the denominations except the 1-, 2- and 5-cent coins, the map only showed the 15 member states which were members when the euro was introduced. Beginning in 2007 or 2008 the old map is being replaced by a map of Europe showing countries outside the Union like Norway, Belarus, Russia or Turkey.
The 1-, 2- and 5-cent coins, keep their old design, showing a geographical map of Europe with the 15 member states of 2002 raised somewhat above the rest of the map. All common sides were designed by Luc Luycx; the coins have a national side showing an image chosen by the country that issued the coin. Euro coins from any member state may be used in any nation that has adopted the euro; the coins are issued in denominations of €2, €1, 50c, 20c, 10c, 5c, 2c, 1c. To avoid the use of the two smallest coins, some cash transactions are rounded to the nearest five cents in the Netherlands and Ireland and in Finland; this practice is discouraged by the Commission, as is the practice of certain shops of refusing to accept high-value euro notes. Commemorative coins with €2 face value have been issued with changes to the design of the national side of the coin; these include both issued coins, such as the €2 commemorative coin for the fiftieth anniversary of the signing of the Treaty of Rome, nationally i