The pound sterling known as the pound and less referred to as sterling, is the official currency of the United Kingdom, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, Tristan da Cunha. It is subdivided into 100 pence. A number of nations that do not use sterling have currencies called the pound. Sterling is the third most-traded currency in the foreign exchange market, after the United States dollar, the euro. Together with those two currencies and the Chinese yuan, it forms the basket of currencies which calculate the value of IMF special drawing rights. Sterling is the third most-held reserve currency in global reserves; the British Crown dependencies of Guernsey and the Isle of Man produce their own local issues of sterling which are considered equivalent to UK sterling in their respective regions. The pound sterling is used in Gibraltar, the Falkland Islands, Saint Helena and Ascension Island in Saint Helena and Tristan da Cunha; the Bank of England is the central bank for the pound sterling, issuing its own coins and banknotes, regulating issuance of banknotes by private banks in Scotland and Northern Ireland.
Banknotes issued by other jurisdictions are not regulated by the Bank of England. The full official name pound sterling, is used in formal contexts and when it is necessary to distinguish the United Kingdom currency from other currencies with the same name. Otherwise the term pound is used; the currency name is sometimes abbreviated to just sterling in the wholesale financial markets, but not when referring to specific amounts. The abbreviations "ster." and "stg." are sometimes used. The term "British pound" is sometimes incorrectly used in less formal contexts, it is not an official name of the currency; the exchange rate of the pound sterling against the US dollar is referred to as "cable" in the wholesale foreign exchange markets. The origins of this term are attributed to the fact that in the 1800s, the GBP/USD exchange rate was transmitted via transatlantic cable. Forex traders of GBP/USD are sometimes referred to as "cable dealers". GBP/USD is now the only currency pair with its own name in the foreign exchange markets, after IEP/USD, known as "wire" in the forward FX markets, no longer exists after the Irish Pound was replaced by the euro in 1999.
There is apparent convergence of opinion regarding the origin of the term "pound sterling", toward its derivation from the name of a small Norman silver coin, away from its association with Easterlings or other etymologies. Hence, the Oxford English Dictionary state that the "most plausible" etymology is derivation from the Old English steorra for "star" with the added diminutive suffix "-ling", to mean "little star" and to refer to a silver penny of the English Normans; as another established source notes, the compound expression was derived: However, the perceived narrow window of the issuance of this coin, the fact that coin designs changed in the period in question, led Philip Grierson to reject this in favour of a more complex theory. Another argument that the Hanseatic League was the origin for both the origin of its definition and manufacture, in its name is that the German name for the Baltic is "Ost See", or "East Sea", from this the Baltic merchants were called "Osterlings", or "Easterlings".
In 1260, Henry III granted them a charter of protection and land for their Kontor, the Steelyard of London, which by the 1340s was called "Easterlings Hall", or Esterlingeshalle. Because the League's money was not debased like that of England, English traders stipulated to be paid in pounds of the "Easterlings", contracted to "'sterling". For further discussion of the etymology of "sterling", see sterling silver; the currency sign for the pound is £, written with a single cross-bar, though a version with a double cross-bar is sometimes seen. This symbol derives from medieval Latin documents; the ISO 4217 currency code is GBP, formed from "GB", the ISO 3166-1 alpha-2 code for the United Kingdom, the first letter of "pound". It does not stand for "Great Britain Pound" or "Great British Pound"; the abbreviation "UKP" is used but this is non-standard because the ISO 3166 country code for the United Kingdom is GB. The Crown dependencies use their own codes: GGP, JEP and IMP. Stocks are traded in pence, so traders may refer to pence sterling, GBX, when listing stock prices.
A common slang term for the pound sterling or pound is quid, singular and plural, except in the common phrase "quids in!". The term may have come via Italian immigrants from "scudo", the name for a number of coins used in Italy until the 19th century.
The Australian pound was the currency of Australia from 1910 until 14 February 1966, when it was replaced by the Australian dollar. As with other £ sd currencies, it was subdivided into each of 12 pence; the first European settlement of Australia took place on 26 January 1788 at Port Jackson. The colony of New South Wales survived its first years and was neglected for much of the following quarter-century while the British government was preoccupied until 1815 with the Napoleonic Wars. One important British oversight during this period was the provision of adequate coinage for the new colony and, because of the shortage of any sort of money, the real means of exchange during the first 25 years of settlement was rum, the access to, controlled by the officers of the New South Wales Corps, who benefited most from access to land and imported goods. Though it did not solve the problem arising from the lack of coins, but in an attempt to put some order into the economy, in 1800, Governor Philip Gidley King issued a proclamation setting the value of a variety of foreign coins in the colony.
During this period, to protect the lucrative access to the imported rum, as well as other grievances, the officers, who came to be known as the "Rum Corps", deposed the governor in a standoff in 1808, referred to as the "Rum Rebellion". The New South Wales Corps was recalled soon after. Otherwise, the shortage of coinage persisted; the first coinage issued by the colony took place in 1813, was effected by punching the middle out of Spanish dollars. This process created two parts: a small coin, called the dump, a ring, called a holey dollar. One holey dollar was worth five shillings, one dump was worth one shilling and three pence; this was done in order to keep the coins in New South Wales. From 1817, when the first bank, the Bank of New South Wales, was established, private banks issued paper money denominated in pounds. Acceptance of private bank notes was not made compulsory by legal tender laws but they were used and accepted. In 1825, an Imperial order-in-council was issued with the purpose of introducing sterling coinage to all the British colonies.
This was due to the introduction of the gold standard in the UK in 1816, a decline in the supply of Spanish dollars, due to the revolutions taking place in Spanish South American colonies. Most of the dollars used had been minted in Lima, Mexico City, Potosí, which had become part of new Latin American republics, independent from Spain. In 1852, the Government Assay Office in Adelaide issued gold pound coins; these weighed more than sovereigns. From 1855, the Sydney mint issued half sovereigns and sovereigns, with the Melbourne mint beginning production in 1872. Many of the sovereigns minted in Australia were for use in India as part of a plan that the gold sovereign should become the imperial coin; as it turned out, India was too entrenched in the Rupee system, the gold sovereigns obtained by the treasury in India never left the vaults. Thus, in the lead-up to Federation, the currency used in the Australian colonies consisted of British silver and copper coins, Australian minted gold sovereigns and half sovereigns, locally minted copper trade tokens and private bank notes.
In addition, the Queensland government issued treasury notes and banknotes which were legal tender in Queensland. After Federation in 1901, the Australian government assumed power over currency matters and began overprinting the private issues that were in circulation, in preparation for the issue of a domestic currency. In 1910 the federal government passed the "Australian Notes Act" which prohibited the circulation of State notes and gave control over the issue of Australian notes to the Commonwealth Treasury. Passed in that year was the "Bank Notes Tax Act" which imposed a tax of 10% per annum on "all bank notes issued or re-issued by any bank in the Commonwealth after the commencement of this Act, not redeemed". In September 1910, the Labor Government of Prime Minister Andrew Fisher introduced a national currency, the Australian pound, with the passing of the Australian Notes Act 1910; the Act gave control over the issue of Australian notes to the Commonwealth Treasury and prohibited the circulation of state notes and withdrew their status as legal tender.
For the next three years, some of the earlier private banknotes were overprinted by the Treasury as a temporary measure and circulated as Australian banknotes until new designs were ready for Australia's first federal government-issued banknotes, which commenced in 1913. Blank note forms of 16 banks were supplied to the Australian Government in 1911 to be overprinted as redeemable in gold and issued as the first Commonwealth notes; the Commonwealth Bank Act 1920 gave note issuing authority to the Commonwealth Bank. In 1960, responsibility for note printing passed to the Reserve Bank of Australia; the new national currency was called the Australian pound, consisting of 20 shillings, each consisting of 12 pence. Monetary policy ensured; as such Australia was on the gold standard so long as Britain was. In 1914, the pound sterling was removed from the gold standard; when it was returned to the gold standard in 1925, the sudden increase in its value unleashed crushing deflationary pressures. Both the initial 1914 inflation and the subsequent 1926 deflation had far-reaching economic effect
George VI was King of the United Kingdom and the Dominions of the British Commonwealth from 11 December 1936 until his death on 6 February 1952. He was the first Head of the Commonwealth. Known publicly as Albert until his accession, "Bertie" among his family and close friends, George VI was born in the reign of his great-grandmother Queen Victoria, was named after his great-grandfather Albert, Prince Consort; as the second son of King George V, he was not expected to inherit the throne and spent his early life in the shadow of his elder brother, Edward. He attended naval college as a teenager, served in the Royal Navy and Royal Air Force during the First World War. In 1920, he was made Duke of York, he married Lady Elizabeth Bowes-Lyon in 1923 and they had two daughters and Margaret. In the mid-1920s, he had speech therapy for a stammer, which he never overcame. George's elder brother ascended the throne as Edward VIII upon the death of their father in 1936; however that year Edward revealed his desire to marry divorced American socialite Wallis Simpson.
British prime minister Stanley Baldwin advised Edward that for political and religious reasons he could not marry a divorced woman and remain king. Edward abdicated to marry Simpson, George ascended the throne as the third monarch of the House of Windsor. During George's reign, the break-up of the British Empire and its transition into the Commonwealth of Nations accelerated; the parliament of the Irish Free State removed direct mention of the monarch from the country's constitution on the day of his accession. The following year, a new Irish constitution changed the name of the state to Ireland and established the office of President. From 1939, the Empire and Commonwealth – except Ireland – was at war with Nazi Germany. War with Italy and Japan followed in 1941, respectively. Though Britain and its allies were victorious in 1945, the United States and the Soviet Union rose as pre-eminent world powers and the British Empire declined. After the independence of India and Pakistan in 1947, George remained king of both countries, but relinquished the title of Emperor of India in June 1948.
Ireland formally declared itself a republic and left the Commonwealth in 1949, India became a republic within the Commonwealth the following year. George adopted the new title of Head of the Commonwealth, he was beset by smoking-related health problems in the years of his reign. He was succeeded by his elder daughter, Elizabeth II. George was born at York Cottage, on the Sandringham Estate in Norfolk, during the reign of his great-grandmother Queen Victoria, his father was Prince George, Duke of York, the second and eldest-surviving son of the Prince and Princess of Wales. His mother was the Duchess of York, the eldest child and only daughter of the Duke and Duchess of Teck, his birthday, 14 December 1895, was the 34th anniversary of the death of his great-grandfather, Prince Consort. Uncertain of how the Prince Consort's widow, Queen Victoria, would take the news of the birth, the Prince of Wales wrote to the Duke of York that the Queen had been "rather distressed". Two days he wrote again: "I think it would gratify her if you yourself proposed the name Albert to her".
Queen Victoria was mollified by the proposal to name the new baby Albert, wrote to the Duchess of York: "I am all impatience to see the new one, born on such a sad day but rather more dear to me as he will be called by that dear name, a byword for all, great and good". He was baptised "Albert Frederick Arthur George" at St. Mary Magdalene's Church near Sandringham three months later. Within the family, he was known informally as "Bertie", his maternal grandmother, the Duchess of Teck, did not like the first name the baby had been given, she wrote prophetically that she hoped the last name "may supplant the less favoured one". Albert was fourth in line to the throne at birth, after his grandfather and elder brother, Edward, he suffered from ill health and was described as "easily frightened and somewhat prone to tears". His parents were removed from their children's day-to-day upbringing, as was the norm in aristocratic families of that era, he had a stammer. Although left-handed, he was forced to write with his right hand, as was common practice at the time.
He suffered from chronic stomach problems as well as knock knees, for which he was forced to wear painful corrective splints. Queen Victoria died on 22 January 1901, the Prince of Wales succeeded her as King Edward VII. Prince Albert moved up to third in line after his father and elder brother. From 1909, Albert attended Osborne, as a naval cadet. In 1911 he came bottom of the class in the final examination, but despite this he progressed to the Royal Naval College, Dartmouth; when his grandfather, Edward VII, died in 1910, Albert's father became King George V. Edward became Prince of Wales, with Albert second in line to the throne. Albert spent the first six months of 1913 on the training ship HMS Cumberland in the West Indies and on the east coast of Canada, he was rated as a midshipman aboard HMS Collingwood on 15 September 1913, spent three months in the Mediterranean. His fellow officers gave him the nickname "Mr. Johnson"; the First World War broke out a year after his commission. Three weeks after the outbreak of war he was medically evacuated from the ship to Aberdeen where his appendix was removed by Sir John Marnoch.
He was mentioned in despatches for his action as a turret officer aboard Collingwood i
World War I
World War I known as the First World War or the Great War, was a global war originating in Europe that lasted from 28 July 1914 to 11 November 1918. Contemporaneously described as "the war to end all wars", it led to the mobilisation of more than 70 million military personnel, including 60 million Europeans, making it one of the largest wars in history, it is one of the deadliest conflicts in history, with an estimated nine million combatants and seven million civilian deaths as a direct result of the war, while resulting genocides and the 1918 influenza pandemic caused another 50 to 100 million deaths worldwide. On 28 June 1914, Gavrilo Princip, a Bosnian Serb Yugoslav nationalist, assassinated the Austro-Hungarian heir Archduke Franz Ferdinand in Sarajevo, leading to the July Crisis. In response, on 23 July Austria-Hungary issued an ultimatum to Serbia. Serbia's reply failed to satisfy the Austrians, the two moved to a war footing. A network of interlocking alliances enlarged the crisis from a bilateral issue in the Balkans to one involving most of Europe.
By July 1914, the great powers of Europe were divided into two coalitions: the Triple Entente—consisting of France and Britain—and the Triple Alliance of Germany, Austria-Hungary and Italy. Russia felt it necessary to back Serbia and, after Austria-Hungary shelled the Serbian capital of Belgrade on the 28th, partial mobilisation was approved. General Russian mobilisation was announced on the evening of 30 July; when Russia failed to comply, Germany declared war on 1 August in support of Austria-Hungary, with Austria-Hungary following suit on 6th. German strategy for a war on two fronts against France and Russia was to concentrate the bulk of its army in the West to defeat France within four weeks shift forces to the East before Russia could mobilise. On 2 August, Germany demanded free passage through Belgium, an essential element in achieving a quick victory over France; when this was refused, German forces invaded Belgium on 3 August and declared war on France the same day. On 12 August and France declared war on Austria-Hungary.
In November 1914, the Ottoman Empire entered the war on the side of the Alliance, opening fronts in the Caucasus and the Sinai Peninsula. The war was fought in and drew upon each power's colonial empire as well, spreading the conflict to Africa and across the globe; the Entente and its allies would become known as the Allied Powers, while the grouping of Austria-Hungary and their allies would become known as the Central Powers. The German advance into France was halted at the Battle of the Marne and by the end of 1914, the Western Front settled into a battle of attrition, marked by a long series of trench lines that changed little until 1917. In 1915, Italy opened a front in the Alps. Bulgaria joined the Central Powers in 1915 and Greece joined the Allies in 1917, expanding the war in the Balkans; the United States remained neutral, although by doing nothing to prevent the Allies from procuring American supplies whilst the Allied blockade prevented the Germans from doing the same the U. S. became an important supplier of war material to the Allies.
After the sinking of American merchant ships by German submarines, the revelation that the Germans were trying to incite Mexico to make war on the United States, the U. S. declared war on Germany on 6 April 1917. Trained American forces would not begin arriving at the front in large numbers until mid-1918, but the American Expeditionary Force would reach some two million troops. Though Serbia was defeated in 1915, Romania joined the Allied Powers in 1916 only to be defeated in 1917, none of the great powers were knocked out of the war until 1918; the 1917 February Revolution in Russia replaced the Tsarist autocracy with the Provisional Government, but continuing discontent at the cost of the war led to the October Revolution, the creation of the Soviet Socialist Republic, the signing of the Treaty of Brest-Litovsk by the new government in March 1918, ending Russia's involvement in the war. This allowed the transfer of large numbers of German troops from the East to the Western Front, resulting in the German March 1918 Offensive.
This offensive was successful, but the Allies rallied and drove the Germans back in their Hundred Days Offensive. Bulgaria was the first Central Power to sign an armistice—the Armistice of Salonica on 29 September 1918. On 30 October, the Ottoman Empire capitulated. On 4 November, the Austro-Hungarian empire agreed to the Armistice of Villa Giusti after being decisively defeated by Italy in the Battle of Vittorio Veneto. With its allies defeated, revolution at home, the military no longer willing to fight, Kaiser Wilhelm abdicated on 9 November and Germany signed an armistice on 11 November 1918. World War I was a significant turning point in the political, cultural and social climate of the world; the war and its immediate aftermath sparked numerous uprisings. The Big Four (Britain, the United States, It
The Egyptian pound is the currency of Egypt. It is divided into ersh, or 1,000 milliemes; the Egyptian pound is abbreviated as LE or L. E. which stands for livre égyptienne. E£ and £E are used on the internet; the name Genēh is derived from the Guinea coin, which had the same value of 100 piastres at the end of the 19th century. In 1834, a khedival decree was issued, adopting an Egyptian currency based on a bimetallic standard on the basis of the Maria Theresa thaler, a popular trade coin in the region; the Egyptian pound, known as the geneih, was introduced, replacing the Egyptian piastre as the chief unit of currency. The piastre continued to circulate as 1⁄100 of a pound, with the piastre subdivided into 40 para. In 1885, the para ceased to be issued, the piastre was divided into tenths; these tenths were renamed milliemes in 1916. The legal exchange rates were fixed by force of law for important foreign currencies which became acceptable in the settlement of internal transactions; this led to Egypt using a de facto gold standard between 1885 and 1914, with E£1 = 7.4375 grams pure gold.
At the outbreak of World War I, the Egyptian pound was pegged to the British pound sterling at EG£0.975 per GB£1. Egypt remained part of the Sterling Area until 1962, when Egypt devalued and switched to a peg to the United States dollar, at a rate of EG£1 = US$2.3. This peg; the pound was itself devalued in 1978 to a peg of 1 pound. The pound floated in 1989. However, until 2001, the float was managed by the Central Bank of Egypt and foreign exchange controls were in effect; the Central Bank of Egypt voted to end the managed-float regime and allowed the pound to float on 3 November 2016. The official rate fell twofold; the Egyptian pound was used in Anglo-Egyptian Sudan between 1899 and 1956, Cyrenaica when it was under British occupation and an independent emirate between 1942 and 1951. The National Bank of Egypt issued banknotes for the first time on 3 April 1899; the Central Bank of Egypt and the National Bank of Egypt were unified into the Central Bank of Egypt in 1961. Several unofficial popular names are used to refer to different values of Egyptian currency.
These include nekla for 2 milliemes, ta'rifa for 5 milliemes, shelen for 5 piastres, bariza for 10 piastres, reyal for 20 piastres. Since the piastre and millieme are no longer legal tender, the smallest denomination minted being the 25-piastre coin, these terms have fallen into disuse and survive as curios. A few have survived to refer to pounds: bariza now refers to a ten-pound note and reyal can be used in reference to a 20-pound note. Different sums of EGP have special nicknames, for example: 1 EGP Bolbol meaning nightingale or Gondi meaning soldier, 1,000 EGP baku "pack". Between 1837 and 1900, copper 1 and 5 para*, silver 10 and 20 para, 1, 5, 10 and 20 piastre, gold 5, 10 and 20 piastre and 1 pound coins were introduced, with gold 50 piastre coins following in 1839. Copper 10 para coins were introduced in 1853. Copper 10 para coins were again introduced in 1862, followed by copper 4 para and 21⁄2 piastre coins in 1863. Gold 25 piastre coins were introduced in 1867. In 1885, a new coinage was introduced consisting of bronze 1⁄4, 1⁄2, 1, 2 and 5 millieme, silver 1, 2, 5, 10 and 20 piastre coins.
The gold coinage ceased, with only small numbers of 5 and 10 piastre coins issued. In 1916 and 1917, a new base metal coinage was introduced consisting of bronze 1⁄2 millieme and holed, cupro-nickel 1, 2, 5 and 10 millieme coins. Silver 2, 5, 10 and 20 piastre coins continued to be issued, a gold 1 pound coin was reintroduced. Between 1922 and 1923, the gold coinage was extended to include 20 and 50 piastre and 1 and 5 pound coins. In 1924, bronze replaced cupro-nickel in the 1 millieme coin and the holes were removed from the other cupro-nickel coins. In 1938, bronze 5 and 10 millieme coins were introduced, followed in 1944 by silver, hexagonal 2 piastre coins. Between 1954 and 1956, a new coinage was introduced, consisting of aluminium-bronze 1, 5 and 10 millieme and silver 5, 10 and 20 piastre coins, with the size of the silver coinage reduced. An aluminium-bronze 2 millieme coin was introduced in 1962. In 1967 the silver coinage was abandoned and cupro-nickel 5 and 10 piastre coins were introduced.
Aluminium replaced aluminium-bronze in the 1, 5 and 10 millieme coins in 1972, followed by brass in the 5 and 10 millieme coins in 1973. Aluminium-bronze 2 piastre and cupro-nickel 20 piastre coins were introduced in 1980, followed by aluminium-bronze 1 and 5 piastre coins in 1984. In 1992, brass 5 and 10 piastre coins were introduced, followed by holed, cupro-nickel 25 piastre coins in 1993; the size of 5 piastre coins was reduced in 2004, 10 and 25 piastre coins - in 2008. On June 1, 2006, 50 piastre and 1 pound coins dated 2005 were introduced, its equivalent banknotes were phased out and disappeared from circulation in 2010; the coins bear the face of Cleo
Germany the Federal Republic of Germany, is a country in Central and Western Europe, lying between the Baltic and North Seas to the north, the Alps to the south. It borders Denmark to the north and the Czech Republic to the east and Switzerland to the south, France to the southwest, Luxembourg and the Netherlands to the west. Germany includes 16 constituent states, covers an area of 357,386 square kilometres, has a temperate seasonal climate. With 83 million inhabitants, it is the second most populous state of Europe after Russia, the most populous state lying in Europe, as well as the most populous member state of the European Union. Germany is a decentralized country, its capital and largest metropolis is Berlin, while Frankfurt serves as its financial capital and has the country's busiest airport. Germany's largest urban area is the Ruhr, with its main centres of Essen; the country's other major cities are Hamburg, Cologne, Stuttgart, Düsseldorf, Dresden, Bremen and Nuremberg. Various Germanic tribes have inhabited the northern parts of modern Germany since classical antiquity.
A region named Germania was documented before 100 AD. During the Migration Period, the Germanic tribes expanded southward. Beginning in the 10th century, German territories formed a central part of the Holy Roman Empire. During the 16th century, northern German regions became the centre of the Protestant Reformation. After the collapse of the Holy Roman Empire, the German Confederation was formed in 1815; the German revolutions of 1848–49 resulted in the Frankfurt Parliament establishing major democratic rights. In 1871, Germany became a nation state when most of the German states unified into the Prussian-dominated German Empire. After World War I and the revolution of 1918–19, the Empire was replaced by the parliamentary Weimar Republic; the Nazi seizure of power in 1933 led to the establishment of a dictatorship, the annexation of Austria, World War II, the Holocaust. After the end of World War II in Europe and a period of Allied occupation, Austria was re-established as an independent country and two new German states were founded: West Germany, formed from the American and French occupation zones, East Germany, formed from the Soviet occupation zone.
Following the Revolutions of 1989 that ended communist rule in Central and Eastern Europe, the country was reunified on 3 October 1990. Today, the sovereign state of Germany is a federal parliamentary republic led by a chancellor, it is a great power with a strong economy. As a global leader in several industrial and technological sectors, it is both the world's third-largest exporter and importer of goods; as a developed country with a high standard of living, it upholds a social security and universal health care system, environmental protection, a tuition-free university education. The Federal Republic of Germany was a founding member of the European Economic Community in 1957 and the European Union in 1993, it is part of the Schengen Area and became a co-founder of the Eurozone in 1999. Germany is a member of the United Nations, NATO, the G7, the G20, the OECD. Known for its rich cultural history, Germany has been continuously the home of influential and successful artists, musicians, film people, entrepreneurs, scientists and inventors.
Germany has a large number of World Heritage sites and is among the top tourism destinations in the world. The English word Germany derives from the Latin Germania, which came into use after Julius Caesar adopted it for the peoples east of the Rhine; the German term Deutschland diutisciu land is derived from deutsch, descended from Old High German diutisc "popular" used to distinguish the language of the common people from Latin and its Romance descendants. This in turn descends from Proto-Germanic *þiudiskaz "popular", derived from *þeudō, descended from Proto-Indo-European *tewtéh₂- "people", from which the word Teutons originates; the discovery of the Mauer 1 mandible shows that ancient humans were present in Germany at least 600,000 years ago. The oldest complete hunting weapons found anywhere in the world were discovered in a coal mine in Schöningen between 1994 and 1998 where eight 380,000-year-old wooden javelins of 1.82 to 2.25 m length were unearthed. The Neander Valley was the location where the first non-modern human fossil was discovered.
The Neanderthal 1 fossils are known to be 40,000 years old. Evidence of modern humans dated, has been found in caves in the Swabian Jura near Ulm; the finds included 42,000-year-old bird bone and mammoth ivory flutes which are the oldest musical instruments found, the 40,000-year-old Ice Age Lion Man, the oldest uncontested figurative art discovered, the 35,000-year-old Venus of Hohle Fels, the oldest uncontested human figurative art discovered. The Nebra sky disk is a bronze artefact created during the European Bronze Age attributed to a site near Nebra, Saxony-Anhalt, it is part of UNESCO's Memory of the World Programme. The Germanic tribes are thought to date from the Pre-Roman Iron Age. From southern Scandinavia and north Germany, they expanded south and west from the 1st century BC, coming into contact with the Celtic tribes of Gaul as well
The Sudanese pound (Arabic: جنيه سوداني is the basic unit of the Sudanese currency. The pound consists of 100 piasters; the pound is issued by the Central Bank of Sudan. Its value is linked to gold and convertible into foreign currencies. There are no restrictions on money transfers to and from Sudan; the Sudanese pound is equivalent to $0.021. It has been pegged to the United States dollar since around 1984; the pound fell for the first time since 1997 after the United States imposed economic sanctions on Sudan. The Sudanese pound continued its decline to an unprecedented number, falling to 53 pounds against the dollar; this situation, which drained all economic measures, led to heavy losses in the external repercussions of the Sudan as a whole, in the light of the government cut, interrupted by some of the failed actions announced by the Central Bank of Sudan, a severe shortage of liquidity. The Sudanese pound fell against the US dollar after the Central Bank of Sudan announced the lifting of the cash reserve to counter inflation.
Since the Secession of South Sudan in 2011, Sudan has suffered from a scarcity of foreign exchange for the loss of three quarters of its oil resources and 80% of foreign exchange resources. The Sudanese government quoted the official price of the dollar from 6.09 pounds to 18.07 pounds in the budget of 2018. The first pound to circulate in Sudan was the Egyptian pound; the late 19th century rebels Muhammad ibn Abdalla and Abdallahi ibn Muhammad both issued coins which circulated alongside the Egyptian currency. When Anglo-Egyptian rule in Sudan ceased on January 1, 1956 and Sudan became an independent country, a distinct Sudanese currency was created, replacing the Egyptian pound at par; the Egyptian pound was subdivided into 100 qirush. The qirsh used to be subdivided into 40 para, but decimalisation following the 1886 Egyptian currency reform established a 1/10 qirsh, which came to be known as a millim. Due to this legacy, the post 1956 Sudanese pound was divided into 100 qirush, subdivided into 10 millims.
During 1958-1978 the pound was pegged to the U. S. dollar at a rate of $2.87156 per Sudanese pound. Thereafter, the pound underwent successive devaluations; the pound was replaced in 1992 by the dinar at a rate of 1 dinar. While the dinar circulated in northern Sudan, in Southern Sudan, prices were still negotiated in pounds, whilst in Rumbek and Yei, the Kenyan shilling was used and accepted more within the transport sectors as well as for hotels/accommodation. According to the Comprehensive Peace Agreement between the government of the Republic of the Sudan and the Sudan People's Liberation Movement, the Central Bank of Sudan shall adopt a program to issue a new currency as soon as is practical during the Interim Period; the design of the new currency shall reflect the cultural diversity of Sudan. Until a new currency has been issued with the approval of the Parties on the recommendations of the CBOS, the circulating currencies in Southern Sudan shall be recognised; the second pound began introduction on 9 or 10 January 2007, became the only legal tender as of July 1, 2007.
It replaced the dinar at a rate of 1 pound = 1000 pounds. The third edition of the Sudanese pound was established on 24 July 2011 following the secession of South Sudan from the Republic of Sudan. For a wider history surrounding currency in the region, see The History of British Currency in the Middle East. In 1885, the Mahdi issued 20 qirush and gold 100 qirush; these were followed by issues of the Khalifa in denominations of 10 para, 1, 2, 2½, 4, 5, 10 and 20 qirush. These coins were minted in silver in 1885. Over the following eleven years, severe debasement occurred, leading to billon silver-washed copper and copper coins being issued; the coinage ceased in 1897. During 1908-1914, a local coinage was issued in Darfur in western Sudan; these were issued under the authority of resembled contemporary Egyptian coins. In 1956, coins were introduced in denominations of 2, 5 and 10 millim, 2, 5 and 10 qirush; the millim denominations were struck in bronze, whilst the qirush denominations were in cupro-nickel.
The 2, 5 and 10 millim were scallop shaped, although a round 5 millim was introduced in 1971. The 1 and 2 millim were last struck in 1969, the last 5 millim in 1978. In 1983, brass 1, 2 and 5 qirush, a reduced size 10 qirush and a cupro-nickel 20 qirush were introduced. In 1987, aluminium-bronze 1, 5, 10, 20, 25 and 50 qirush and 1 pound were introduced, with the 25 and 50 qirush square and octagonal in shape, respectively. In 1989, stainless-steel 25 and 50 qirush and 1 pound were issued; this is the general pattern, in addition to these coins there are collector-oriented issues and various oddities. See popular coin catalogues for details. See Sudanese dinar. Coins in denominations of 1, 5, 10, 20 and 50 qirush were introduced alongside the circulating dinar coins; the Central Bank of Sudan states that the 5 qirush coins are yellow coloured and the 10 qirush is silver coloured. The 20 and 50 qirush coins are bi-metallic, with the 20 qirush yellow ringed with a silver coloured centre and the 50 qirush the opposite.
This is thought to be in development. In April 1957, the Sudan Currency Board introduced notes for 1, 5 and 10 pounds. Note production was taken over by the Bank of Sudan in 1961. 20-pound notes were introduced in 1981, followed by 50 pounds in 1984 and 100 pounds in 1988.. When introduced on 8 June 1992, the Sudanese dinar replaced the first Sudanese pound at a rate of 1:10. In 2005, the National Public Rad