The lira was the currency of Italy between 1861 and 2002 and of the Albanian Kingdom between 1941 and 1943. Between 1999 and 2002, the Italian lira was a national subunit of the euro. However, cash payments could be made in lira only, as euro notes were not yet available; the lira was the currency of the Napoleonic Kingdom of Italy between 1807 and 1814. The term originates from the value of a pound weight of high purity silver and as such is a direct cognate of the British pound sterling. "L", sometimes in a double-crossed script form, was the symbol most used. Until the Second World War, it was subdivided into 100 centesimi, which translates to "hundredths" or "cents"; the lira was established at 290.322 milligrams of gold. This was a direct continuation of the Sardinian lira. Other currencies replaced by the Italian lira included the Lombardy-Venetia pound, the Two Sicilies piastra, the Tuscan fiorino, the Papal States scudo and the Parman lira. In 1865, Italy formed part of the Latin Monetary Union in which the lira was set as equal to, among others, the French and Swiss francs: in fact, in various Gallo-Italic languages in north-western Italy, the lira was outright called "franc".
This practice has ended with the introduction of the euro in 2002. World War I resulted in prices rising severalfold in Italy. Inflation was curbed somewhat by Mussolini, who, on August 18, 1926, declared that the exchange rate between lira and pound would be £1 = 90 lire—the so-called Quota 90, although the free exchange rate had been closer to 140–150 lire per pound, causing a temporary deflation and widespread problems in the real economy. In 1927, the lira was pegged to the U. S. dollar at a rate of 1 dollar = 19 lire. This rate lasted until 1934, with a separate "tourist" rate of US$1 = 24.89 lire being established in 1936. In 1939, the "official" rate was 19.8 lire. After the Allied invasion of Italy, an exchange rate was set at US$1 = 120 lire in June 1943, reduced to 100 lire the following month. In German occupied areas, the exchange rate was set at 1 Reichsmark = 10 lire. After the war, the value of the lira fluctuated, before Italy set a peg of US$1 = 575 lire within the Bretton Woods System in November 1947.
Following the devaluation of the pound, Italy devalued to US$1 = 625 lire on 21 September 1949. This rate was maintained until the end of the Bretton Woods System in the early 1970s. Several episodes of high inflation followed; the lira was the official unit of currency in Italy until January 1, 1999, when it was replaced by the euro. Old lira denominated currency ceased to be legal tender on February 28, 2002; the conversion rate is 1,936.27 lire to the euro. All lira banknotes in use before the introduction of the euro, all post-World War II coins, were exchanged by the Bank of Italy up to 6 December 2011. Italy's central bank pledged to redeem Italian coins and banknotes until 29 February 2012, but this was brought forward to 6 December 2011. Although Italian price displays and calculations became unwieldy because of the large number of zeros, efforts were unsuccessful for political reasons until the introduction of the euro which had the effect of lopping off excessive zeros; the Napoleonic Kingdom of Italy issued coins between 1807 and 1813 in denominations of 1 and 3 centesimi and 1 soldo in copper, 10 centesimi in 20% silver alloy, 5, 10 and 15 soldi, 1, 2 and 5 lire in 90% silver and 20 and 40 lire in 90% gold.
All except the 10 centesimi bore a portrait of Napoleon, with the denominations below 1 lira showing a radiate crown and the higher denominations, a shield representing the various constituent territories of the Kingdom. In 1861, coins were minted in Florence, Milan and Turin in denominations of 1, 2, 5, 10 and 50 centesimi, 1 lira, 2, 5, 10 and 20 lire, with the lowest four in copper, the highest two in gold and the remainder in silver. In 1863, silver coins below 5 lire were debased from 90% to 83.5% and silver 20-centesimi coins were introduced. Minting switched to Rome in the 1870s. Apart from the introduction in 1894 of cupro-nickel 20-centesimi coins and of nickel 25-centesimi pieces in 1902, the coinage remained unaltered until the First World War. In 1919, with a purchase power of the lira reduced to one fifth of that of 1914, the production of all earlier coin types except for the nickel 20 centesimi halted, smaller, copper 5- and 10-centesimi and nickel 50-centesimi coins were introduced, followed by nickel 1- and 2-lira pieces in 1922 and 1923, respectively.
In 1926, silver 5- and 10-lira coins were introduced, equal in size and composition to the earlier 1- and 2-lira coins. Silver 20-lira coins were added in 1927. In 1936, the last substantial issue of silver coins was made, whilst, in 1939, moves to reduce the cost of the coinage led to copper being replaced by aluminium bronze and nickel by stainless steel. All issuance of coinage came to a halt in 1943. In 1943 the AM-lira was issued, in circulation in Italy after the landing in Sicily on the night between 9 and 10 July 1943. After 1946, the AM-lira ceased to be the currency of employment and was used along with normal notes, until June 3, 1950. Between 1947 and 1954, zone B of the Free Territory of Trieste used the Triestine lira. In 1946 coin production was resumed, although only in 1948, with the purchasing power of the lira reduced to 2% of that of 1939, did nu
Saint Peter known as Simon Peter, Simon, or Cephas, according to the New Testament, was one of the Twelve Apostles of Jesus Christ, leaders of the early Christian Great Church. Pope Gregory I called him the "Prince of the Apostles". According to Catholic teaching, Jesus promised Peter in the "Rock of My Church" dialogue in Matthew 16:18 a special position in the Church, he is traditionally counted as the first Bishop of Rome—or pope—and by Eastern Christian tradition as the first Patriarch of Antioch. The ancient Christian churches all venerate Peter as a major saint and as the founder of the Church of Antioch and the Roman Church, but differ in their attitudes regarding the authority of his present-day successors; the New Testament indicates that Peter's father's name was John and was from the village of Bethsaida in the province of Galilee or Gaulanitis. His brother Andrew was an apostle. According to New Testament accounts, Peter was one of twelve apostles chosen by Jesus from his first disciples.
A fisherman, he played a leadership role and was with Jesus during events witnessed by only a few apostles, such as the Transfiguration. According to the gospels, Peter confessed Jesus as the Messiah, was part of Jesus's inner circle, thrice denied Jesus and wept bitterly once he realised his deed, preached on the day of Pentecost. According to Christian tradition, Peter was crucified in Rome under Emperor Nero, it is traditionally held that he was crucified upside down at his own request, since he saw himself unworthy to be crucified in the same way as Jesus. Tradition holds, his remains are said to be those contained in the underground Confessio of St. Peter's Basilica, where Pope Paul VI announced in 1968 the excavated discovery of a first-century Roman cemetery; every 29 June since 1736, a statue of Saint Peter in St. Peter's Basilica is adorned with papal tiara, ring of the fisherman, papal vestments, as part of the celebration of the Feast of Saints Peter and Paul. According to Catholic doctrine, the direct papal successor to Saint Peter is the incumbent pope Pope Francis.
Two general epistles in the New Testament are ascribed to Peter, but modern scholars reject the Petrine authorship of both. The Gospel of Mark was traditionally thought to show the influence of Peter's preaching and eyewitness memories. Several other books bearing his name—the Acts of Peter, Gospel of Peter, Preaching of Peter, Apocalypse of Peter, Judgment of Peter—are considered by Christian denominations as apocryphal, are thus not included in their Bible canons. Peter's original name, as indicated in the New Testament, was "Simon" or "Simeon"; the Simon/Simeon variation has been explained as reflecting "the well-known custom among Jews at the time of giving the name of a famous patriarch or personage of the Old Testament to a male child along with a similar sounding Greek/Roman name". He was given the name כֵּיפָא in Aramaic, rendered in Greek as Κηφᾶς, whence Latin and English Cephas; the precise meaning of the Aramaic word is disputed, some saying that its usual meaning is "rock" or "crag", others saying that it means rather "stone" and in its application by Jesus to Simon, "precious stone" or "jewel", but most scholars agree that as a proper name it denotes a rough or tough character.
Both meanings, "stone" and "rock", are indicated in dictionaries of Syriac. Catholic theologian Rudolf Pesch argues that the Aramaic cepha means "stone, clump, clew" and that "rock" is only a connotation; the combined name Σίμων Πέτρος appears 19 times in the New Testament. In some Syriac documents he is called, in Simon Cephas. Peter's life story is told in the four canonical gospels, the Acts of the Apostles, New Testament letters, the non-canonical Gospel of the Hebrews and other Early Church accounts of his life and death. In the New Testament, he is among the first of the disciples called during Jesus' ministry. Peter became the first listed apostle ordained by Jesus in the early church. Peter was a fisherman in Bethsaida, he was named son of Jonah or John. The three Synoptic Gospels recount how Peter's mother-in-law was healed by Jesus at their home in Capernaum. 1 Cor. 9:5 has been taken to imply that he was married. In the Synoptic Gospels, Peter was a fisherman along with his brother and the sons of Zebedee and John.
The Gospel of John depicts Peter fishing after the resurrection of Jesus, in the story of the Catch of 153 fish. In Matthew and Mark, Jesus called Simon and his brother Andrew to be "fishers of men". A Franciscan church is built upon the traditional site of Apostle Peter's house. In Luke, Simon Peter owns the boat that Jesus uses to preach to the multitudes who were pressing on him at the shore of Lake Gennesaret. Jesu
Austria-Hungary referred to as the Austro-Hungarian Empire or the Dual Monarchy, was a constitutional monarchy in Central and Eastern Europe between 1867 and 1918. It was formed by giving a new constitution to the Austrian Empire, which devolved powers on Austria and Hungary and placed them on an equal footing, it broke apart into several states at the end of World War I. The union was a result of the Austro-Hungarian Compromise of 1867 and came into existence on 30 March 1867. Austria-Hungary consisted of two monarchies, one autonomous region: the The Kingdom of Croatia-Slavonia under the Hungarian crown, which negotiated the Croatian–Hungarian Settlement in 1868, it was ruled by the House of Habsburg, constituted the last phase in the constitutional evolution of the Habsburg Monarchy. Following the 1867 reforms, the Austrian and the Hungarian states were co-equal. Foreign affairs and the military came under joint oversight, but all other governmental faculties were divided between respective states.
Austria-Hungary was a multinational one of Europe's major powers at the time. Austria-Hungary was geographically the second-largest country in Europe after the Russian Empire, at 621,538 km2, the third-most populous; the Empire built up the fourth-largest machine building industry of the world, after the United States and the United Kingdom. Austria-Hungary became the world's third largest manufacturer and exporter of electric home appliances, electric industrial appliances and power generation apparatus for power plants, after the United States and the German Empire. After 1878, Bosnia and Herzegovina was under Austro-Hungarian military and civilian rule until it was annexed in 1908, provoking the Bosnian crisis among the other powers; the northern part of the Ottoman Sanjak of Novi Pazar was under de facto joint occupation during that period but the Austro-Hungarian army withdrew as part of their annexation of Bosnia. The annexation of Bosnia led to Islam being recognized as an official state religion due to Bosnia's Muslim population.
Austria-Hungary was one of the Central Powers in World War I which started when it declared war on the Kingdom of Serbia on 28 July 1914. It was effectively dissolved by the time the military authorities signed the armistice of Villa Giusti on 3 November 1918; the Kingdom of Hungary and the First Austrian Republic were treated as its successors de jure, whereas the independence of the West Slavs and South Slavs of the Empire as the First Czechoslovak Republic, the Second Polish Republic and the Kingdom of Yugoslavia and most of the territorial demands of the Kingdom of Romania were recognized by the victorious powers in 1920. The realm's official name was in German: Österreichisch-Ungarische Monarchie and in Hungarian: Osztrák–Magyar Monarchia, though in the international relations better Austria-Hungary was used; the Austrians used the names k. u. k. Monarchie and Danubian Monarchy or Dual Monarchy and The Double Eagle, but none of these became widepsread neither in Hungary, nor elsewhere.
The realm's full name used in the internal administration was The Kingdoms and Lands Represented in the Imperial Council and the Lands of the Holy Hungarian Crown of St. Stephen. German: Die im Reichsrat vertretenen Königreiche und Länder und die Länder der Heiligen Ungarischen Stephanskrone Hungarian: A Birodalmi Tanácsban képviselt királyságok és országok és a Magyar Szent Korona országai The Habsburg monarch ruled as Emperor of Austria over the western and northern half of the country, the Austrian Empire and as King of Hungary over the Kingdom of Hungary; each enjoyed considerable sovereignty with only a few joint affairs. Certain regions, such as Polish Galicia within Cisleithania and Croatia within Transleithania, enjoyed autonomous status, each with its own unique governmental structures; the division between Austria and Hungary was so marked that there was no common citizenship: one was either an Austrian citizen or a Hungarian citizen, never both. This meant that there were always separate Austrian and Hungarian passports, never a common one.
However, neither Austrian nor Hungarian passports were used in the Kingdom of Croatia-Slavonia. Instead, the Kingdom issued its own passports which were written in Croatian and French and displayed the coat of arms of the Kingdom of Croatia-Slavonia-Dalmatia on them, it is not known what kind of passports were used in Bosnia-Herzegovina, under the control of both Austria and Hungary. The Kingdom of Hungary had always maintained a separate parliament, the Diet of Hungary after the Austrian Empire was created in 1804; the administration and government of the Kingdom of Hungary remained untouched by the government structure of the overarching Austrian Empire. Hungary's central government structures remained well separated from the Austrian imperial government; the country was governed by the Council of Lieutenancy of Hungary – located in Pressburg and in Pest – and by the Hungarian Royal Court Chancell
Portuguese Timorese escudo
The escudo was the currency of Portuguese Timor between 1959 and 1976. It replaced the pataca at a rate of 5.6 escudos = 1 pataca and was equivalent to the Portuguese escudo. It was replaced by the Indonesian rupiah following East Timor's occupation by Indonesia; the escudo was subdivided into 100 centavos. East Timor now uses the United States dollar has its own coins in circulation; the first coins issued, dated 1958, were in denominations of 10, 30 and 60 centavos, 1, 3 and 6 escudos. The unusual denominations may have been due to the exchange rate from the previous currency; the 10 and 30 centavos were struck in bronze, the 60 centavos and 1 escudo in cupro-nickel, the 3 and 6 escudos in silver. In 1964, a silver 10 escudos was introduced, followed, in 1970, by more conventional denominations of 20 and 50 centavos, 1, 2½, 5 and 10 escudos; the 20 and 50 centavos and 1 escudo were struck in bronze, with the higher denominations struck in cupro-nickel. The first banknotes, dated 1959, were in denominations of 60, 100 and 500 escudos.
In 1967, 20 and 50 escudos notes were introduced, followed by 1000 escudos in 1968. All paper money was issued by the Banco Nacional Ultramarino. Cifrão
Pope Alexander VIII
Pope Alexander VIII, born Pietro Vito Ottoboni, was Pope from 6 October 1689 to his death in 1691. He is the last pope to take the pontifical name of "Alexander" upon his election to the papacy. Pietro Vito Ottoboni was born in 1610 of a noble Venetian family, was the youngest of nine children of Vittoria Tornielli and Marco Ottoboni, grand chancellor of the Republic of Venice, his early studies were made with marked brilliance at the University of Padua where, in 1627, he earned a doctorate in canon and civil law. Ottoboni went to Rome during the pontificate of Pope Urban VIII and served as the Referendary of the Apostolic Signatura, served as the governor of the cities Terni, Citta di Castello and Spoleto, he served as the auditor of the Sacred Roman Rota. Pope Innocent X appointed him to the cardinalate and in 1652 at the request of the Venetian government and he was made the Cardinal-Priest of San Salvatore in Lauro, he was appointed as Bishop of Brescia in 1654 and received episcopal consecration in the church of San Marco in Rome.
He would spend a quiet decade in his diocese. He opted to be Cardinal-Priest of San Marco in 1660 and resigned as Bishop of Brescia in 1664. Ottoboni opted to become Cardinal-Priest of Santa Maria in Trastevere in 1677 and as Cardinal-Priest of Santa Prassede in 1680, he became the Cardinal-Bishop of Sabina in 1681 and to Frascati in 1683. His last swap was that of Porto e Santa Rufina in 1687. Ottoboni was the Vice-Dean of the College of Cardinals from 1687 to his pontifical election; the ambassador of King Louis XIV of France succeeded in procuring his election on 6 October 1689, as the successor to Pope Innocent XI. He chose the pontifical name of "Alexander VIII" in gratitude to Cardinal Flavio Chigi, the nephew of Pope Alexander VII, who had helped support his candidacy. Ottoboni was crowned as pontiff on 16 October 1689 by the protodeacon Cardinal Francesco Maidalchini and took possession of the Basilica of Saint John Lateran on 28 October 1689. Old but of a strong constitution, Alexander VIII was said to be an able diplomat.
During his brief pontificate he managed to destroy most of his predecessor's good work. All the money saved by Innocent XI was spent on enriching the Ottoboni family and to a cardinal he said: "I have no time to lose. Louis XIV, whose political situation was now critical, profited by the peaceful dispositions of the new pope, restored Avignon to him, renounced the long-abused right of asylum for the French Embassy. Charities on a large scale and unbounded nepotism exhausted the papal treasury, reversing the policies of his predecessor. Among the various nominations, his 22-year-old grandnephew Pietro was made cardinal and vice-chancellor of the Church, nephew Marco, son of his brother Agostino, was made inspector of naval fortifications and Duke of Fiano, nephew Antonio, another of Agostino's children, was made general of the church, his nephew Giovanni Rubin was made secretary of bishop of Vicenza. Out of compassion for the poor of the impoverished Papal States, he sought to help them by reducing taxes.
But this same generous nature led him to bestow on his relations the riches they were eager to accumulate. He bought the manuscripts of Queen Christina of Sweden for the Vatican Library. Alexander VIII assisted his native Venice by generous subsidies in the war against the Turks, as well as sending seven galleys and 2,000 infantry for the campaign in Albania. In 1690 he condemned the doctrines of the so-called philosophical sin, taught in the Jesuit schools, he held three consistories that saw 14 new cardinals elevated. Alexander VIII confirmed the cultus of Kinga of Poland on 11 June 1690 which served as the beatification. On 16 October 1690, he canonized several saints: Ss. Pascal Baylon, Lorenzo Giustiniani, John of Sahagun, John of God and John of Capistrano; the pope created 14 cardinals in three consistories and elevated individuals such as his grandnephew Pietro Ottoboni in a restoration of nepotism that had not been seen in his predecessor's reign. Alexander VIII died on 1 February 1691.
His grandiose tomb in St. Peter's was commissioned by his grandnephew, Cardinal Pietro Ottoboni, designed by Count Arrigo di San Martino; the bas-relief at the base and the flanking figures were sculpted by Angelo de' Rossi, while the bronze statue of the pope was cast by Giuseppe Bertosi. Pope Alexander VIII was the principal consecrator of: Cardinals created by Alexander VIII Rendina, Claudio. I papi. Storia e segreti. Rome: Newton Compton. Ottoboni family Publications by or about Pope Alexander VIII at VD 17 "Pope Alexander VIII". Germania Sacra people index. Göttingen Academy of Sciences and Humanities
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