1.
Ancient Chinese coinage
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Ancient Chinese coinage includes some of the earliest known coins. These coins, used as early as the Spring and Autumn period, the Spring and Autumn period also saw the introduction of the first metal coins, however, they were not initially round, instead being either knife shaped or spade shaped. Round metal coins with a round, and then later square hole in the center were first introduced around 350 BCE, the beginning of the Qin Dynasty, the first dynasty to unify China, saw the introduction of a standardised coinage for the whole Empire. Subsequent dynasties produced variations on these round coins throughout the imperial period, ancient Chinese coins are markedly different from coins produced in the west. Chinese coins were manufactured by being cast in molds, whereas western coins were cut and hammered or, in later times. Chinese coins were made from mixtures of metals such copper, tin and lead, from bronze, brass or iron, precious metals like gold. The ratios and purity of the coin metals varied considerably, most Chinese coins were produced with a square hole in the middle. This was used to allow collections of coins to be threaded on a rod so that the rough edges could be filed smooth. Official coin production was not always centralised, but could be spread over many mint locations throughout the country, aside from officially produced coins, private coining was common during many stages of history. Various steps were taken over time to try to combat the private coining and limit its effects, at other times private coining was tolerated. The coins varied in value throughout the history, some coins were produced in very large numbers – during the Western Han, an average of 220 million coins a year were produced. Other coins were of limited circulation and are extremely rare – only six examples of Da Quan Wu Qian from the Eastern Wu Dynasty are known to exist. Occasionally, large hoards of coins have been uncovered, the earliest coinage of China was described by Sima Qian, the great historian of c. While nothing is known about the use of shells as money, gold. They are not found in hoards, and the probability is that all these are in fact funerary items. Archaeological evidence shows that the earliest use of the spade and knife money was in the Spring, as in ancient Greece, socio-economic conditions at the time were favourable to the adoption of coinage. Inscriptions and archaeological evidence shows that cowrie shells were regarded as important objects of value in the Shang Dynasty, in the Zhou period, they are frequently referred to as gifts or rewards from kings and nobles to their subjects. Later imitations in bone, stone or bronze were used as money in some instances
2.
Simplified Chinese characters
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Simplified Chinese characters are standardized Chinese characters prescribed in the Table of General Standard Chinese Characters for use in mainland China. Along with traditional Chinese characters, it is one of the two character sets of the contemporary Chinese written language. The government of the Peoples Republic of China in mainland China has promoted them for use in printing since the 1950s and 1960s in an attempt to increase literacy and they are officially used in the Peoples Republic of China and Singapore. Traditional Chinese characters are used in Hong Kong, Macau. Overseas Chinese communities generally tend to use traditional characters, Simplified Chinese characters may be referred to by their official name above or colloquially. Strictly, the latter refers to simplifications of character structure or body, character forms that have existed for thousands of years alongside regular, Simplified character forms were created by decreasing the number of strokes and simplifying the forms of a sizable proportion of traditional Chinese characters. Some simplifications were based on popular cursive forms embodying graphic or phonetic simplifications of the traditional forms, some characters were simplified by applying regular rules, for example, by replacing all occurrences of a certain component with a simplified version of the component. Variant characters with the pronunciation and identical meaning were reduced to a single standardized character. Finally, many characters were left untouched by simplification, and are identical between the traditional and simplified Chinese orthographies. Some simplified characters are very dissimilar to and unpredictably different from traditional characters and this often leads opponents not well-versed in the method of simplification to conclude that the overall process of character simplification is also arbitrary. In reality, the methods and rules of simplification are few, on the other hand, proponents of simplification often flaunt a few choice simplified characters as ingenious inventions, when in fact these have existed for hundreds of years as ancient variants. However, the Chinese government never officially dropped its goal of further simplification in the future, in August 2009, the PRC began collecting public comments for a modified list of simplified characters. The new Table of General Standard Chinese Characters consisting of 8,105 characters was promulgated by the State Council of the Peoples Republic of China on June 5,2013, cursive written text almost always includes character simplification. Simplified forms used in print have always existed, they date back to as early as the Qin dynasty, One of the earliest proponents of character simplification was Lubi Kui, who proposed in 1909 that simplified characters should be used in education. In the years following the May Fourth Movement in 1919, many anti-imperialist Chinese intellectuals sought ways to modernise China, Traditional culture and values such as Confucianism were challenged. Soon, people in the Movement started to cite the traditional Chinese writing system as an obstacle in modernising China and it was suggested that the Chinese writing system should be either simplified or completely abolished. Fu Sinian, a leader of the May Fourth Movement, called Chinese characters the writing of ox-demons, lu Xun, a renowned Chinese author in the 20th century, stated that, If Chinese characters are not destroyed, then China will die. Recent commentators have claimed that Chinese characters were blamed for the problems in China during that time
3.
ISO 4217
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The ISO4217 code list is used in banking and business globally. ISO4217 codes are used on tickets and international train tickets to remove any ambiguity about the price. The first two letters of the code are the two letters of the ISO 3166-1 alpha-2 country codes and the third is usually the initial of the currency itself, so Japans currency code is JPY—JP for Japan and Y for yen. This eliminates the problem caused by the dollar, franc, peso and pound being used in dozens of different countries. Also, if a currency is revalued, the currency codes last letter is changed to distinguish it from the old currency. Other changes can be seen, however, the Russian ruble, for example, changed from RUR to RUB and these currency units are denominated as one troy ounce of the specified metal as opposed to USD1 or EUR1. The code XTS is reserved for use in testing, the code XXX is used to denote a transaction involving no currency. There are also codes specifying certain monetary instruments used in international finance, the codes for most supranational currencies, such as the East Caribbean dollar, the CFP franc, the CFA franc BEAC and the CFA franc BCEAO. The predecessor to the euro, the European Currency Unit, had the code XEU, the use of an initial letter X for these purposes is facilitated by the ISO3166 rule that no official country code beginning with X will ever be assigned. Because of this rule ISO4217 can use X codes without risk of clashing with a country code. ISO3166 country codes beginning with X are used for private custom use, consequently, ISO4217 can use X codes for non-country-specific currencies without risk of clashing with future country codes. The inclusion of EU in the ISO 3166-1 reserved codes list, the ISO4217 standard includes a crude mechanism for expressing the relationship between a major currency unit and its corresponding minor currency unit. This mechanism is called the exponent and assumes a base of 10. For example, USD is equal to 100 of its currency unit the cent. So the USD has exponent 2, the code JPY is given the exponent 0, because its minor unit, the sen, although nominally valued at 1/100 of a yen, is of such negligible value that it is no longer used. Usually, as with the USD, the currency unit has a value that is 1/100 of the major unit, but in some cases 1/1000 is used. Mauritania does not use a decimal division of units, setting 1 ouguiya equal to 5 khoums, some currencies do not have any minor currency unit at all and these are given an exponent of 0, as with currencies whose minor units are unused due to negligible value. There is also a code number assigned to each currency
4.
Currency symbol
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A currency symbol is a graphic symbol used as a shorthand for a currencys name, especially in reference to amounts of money. The European Commission considers the global recognition of the euro sign € part of its success, in 2009, India launched a public competition to replace the ₨ ligature it shared with neighbouring countries. It finalised its new symbol, ₹ on 15 July 2010. It is a blend of the Latin letter R with the Devanagari letter र, when writing currency amounts the location of the symbol varies by currency. Many currencies in the English-speaking world and Latin America, place it before the amount, the Cape Verdean escudo places its symbol in the decimal separator position. The usage of many European countries, such as France, Germany, the decimal separator also follows local countries standards. For instance, the United Kingdom often uses an interpunct as the point on price stickers. Commas or decimal points are common separators used in other countries, see decimal separator for information on international standards. Older currency symbols have evolved slowly, often from previous currencies, the dollar and peso symbols originated from the mark employed to denote the Spanish real de a ocho, whereas the pound and lira symbols evolved from an L standing for libra, a Roman pound of silver. Newly invented currencies and currencies adopting new symbols have symbolism closer to their adopter, the added center bar in the real sign is meant to symbolize stability. The new Indian rupee symbol, ₹, is a combination of Latin. There are also considerations, such as the perception of the business community. For a new symbol to be used, software to render it needs to be promulgated, the EU was criticized for not considering how the euro symbol would need to be customized to work in different fonts. The original design was exceptionally wide. These two factors have led to most typefaces employing customized, font-specific versions, usually with reduced width, List of currencies List of circulating currencies Currency Symbols
5.
Yen sign
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The Yen sign is a currency sign used by the Chinese yuan and the Japanese yen currencies. This monetary symbol resembles a Latin letter Y with a double stroke, the base unit of both currencies shared the same Chinese character/Kanji that means circle. It is pronounced yuán in Mandarin Chinese and en in Standard Japanese, the symbol is usually placed before the value it represents, for example ¥100. In the Japanese-language locales of Microsoft operating systems, the yen sign in code page 932 character encoding has the same value as the backslash in ASCII. Under Chinese Pinyin IMEs such as those from Microsoft or Sogou. com, typing $ displays the double-width character ￥, the Unicode code point is U+00A5 ¥ Yen sign. Additionally, there is a character at code point U+FFE5 ￥ Fullwidth Yen sign for use with wide fonts
6.
Mao Zedong
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His Marxist–Leninist theories, military strategies, and political policies are collectively known as Maoism or Marxism-Leninism-Maoism. Mao adopted Marxism–Leninism while working at Peking University and became a member of the Communist Party of China. On October 1,1949, Mao proclaimed the foundation of the Peoples Republic of China, in the following years Mao solidified his control through land reform campaigns against landlords, and perceived enemies of the state he termed as counter-revolutionaries. In 1957, he launched the Great Leap Forward campaign that aimed to rapidly transform Chinas economy from an economy to an industrial one. The campaign contributed to a famine, whose death toll is estimated at between 15 and 45 million. In 1972, Mao welcomed American President Richard Nixon in Beijing, signalling a policy of opening China, Mao suffered a series of heart attacks in 1976, and died in September, aged 82. He was succeeded as Paramount leader by Hua Guofeng, who was sidelined and replaced by Deng. A controversial figure, Mao is regarded as one of the most important individuals in modern world history, Mao Zedong was born on December 26,1893 in Shaoshan village, Hunan Province, China. His father, Mao Yichang, was an impoverished peasant who had become one of the wealthiest farmers in Shaoshan. Growing up in rural Hunan, Mao Zedong described his father as a stern disciplinarian, Maos mother, Wen Qimei, was a devout Buddhist who tried to temper her husbands strict attitude. Zedong too became a Buddhist, but abandoned this faith in his mid-teenage years, at age 8, Mao was sent to Shaoshan Primary School. At age 13, Mao finished primary education, and his father united him in a marriage to the 17-year-old Luo Yigu. Mao refused to recognise her as his wife, becoming a critic of arranged marriage. Luo was locally disgraced and died in 1910, interested in history, Mao was inspired by the military prowess and nationalistic fervour of George Washington and Napoleon Bonaparte. The famine spread to Shaoshan, where starving peasants seized his fathers grain and he disapproved of their actions as morally wrong, but claimed sympathy for their situation. At age 16, Mao moved to a primary school in nearby Dongshan. In 1911, Mao began middle school in Changsha, Revolutionary sentiment was strong in the city, where there was widespread animosity towards Emperor Puyis absolute monarchy and many were advocating republicanism. The republicans figurehead was Sun Yat-sen, an American-educated Christian who led the Tongmenghui society, in Changsha, Mao was influenced by Suns newspaper, The Peoples Independence, and called for Sun to become president in a school essay
7.
China
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China, officially the Peoples Republic of China, is a unitary sovereign state in East Asia and the worlds most populous country, with a population of over 1.381 billion. The state is governed by the Communist Party of China and its capital is Beijing, the countrys major urban areas include Shanghai, Guangzhou, Beijing, Chongqing, Shenzhen, Tianjin and Hong Kong. China is a power and a major regional power within Asia. Chinas landscape is vast and diverse, ranging from forest steppes, the Himalaya, Karakoram, Pamir and Tian Shan mountain ranges separate China from much of South and Central Asia. The Yangtze and Yellow Rivers, the third and sixth longest in the world, respectively, Chinas coastline along the Pacific Ocean is 14,500 kilometers long and is bounded by the Bohai, Yellow, East China and South China seas. China emerged as one of the worlds earliest civilizations in the basin of the Yellow River in the North China Plain. For millennia, Chinas political system was based on hereditary monarchies known as dynasties, in 1912, the Republic of China replaced the last dynasty and ruled the Chinese mainland until 1949, when it was defeated by the communist Peoples Liberation Army in the Chinese Civil War. The Communist Party established the Peoples Republic of China in Beijing on 1 October 1949, both the ROC and PRC continue to claim to be the legitimate government of all China, though the latter has more recognition in the world and controls more territory. China had the largest economy in the world for much of the last two years, during which it has seen cycles of prosperity and decline. Since the introduction of reforms in 1978, China has become one of the worlds fastest-growing major economies. As of 2016, it is the worlds second-largest economy by nominal GDP, China is also the worlds largest exporter and second-largest importer of goods. China is a nuclear weapons state and has the worlds largest standing army. The PRC is a member of the United Nations, as it replaced the ROC as a permanent member of the U. N. Security Council in 1971. China is also a member of numerous formal and informal multilateral organizations, including the WTO, APEC, BRICS, the Shanghai Cooperation Organization, the BCIM, the English name China is first attested in Richard Edens 1555 translation of the 1516 journal of the Portuguese explorer Duarte Barbosa. The demonym, that is, the name for the people, Portuguese China is thought to derive from Persian Chīn, and perhaps ultimately from Sanskrit Cīna. Cīna was first used in early Hindu scripture, including the Mahābhārata, there are, however, other suggestions for the derivation of China. The official name of the state is the Peoples Republic of China. The shorter form is China Zhōngguó, from zhōng and guó and it was then applied to the area around Luoyi during the Eastern Zhou and then to Chinas Central Plain before being used as an occasional synonym for the state under the Qing
8.
Mainland China
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Mainland China, also known as the Chinese mainland, is the geopolitical area under the direct jurisdiction of the Peoples Republic of China. It generally includes Hainan island and excludes the special regions of Hong Kong and Macau. The term mainland China was coined by the Kuomintang after receiving control of Taiwan from Japan after World War II. By 1949, the KMT-led Republic of China government was defeated in the Chinese Civil War, there are two terms in Chinese for mainland, Dàlù, which means continent, and Nèidì, literally inland or inner land. In the PRC, the usage of the two terms are interchangeable and there is no prescribed method of reference in any jurisdiction. To emphasize equal footing in Cross-Strait relations, the term is used in official contexts with reference to Taiwan, but in its relations with Hong Kong and Macau, the PRC government refers to itself as the Central Peoples Government. Mainland area is the term to free area of the Republic of China used in the ROC Constitution. It treats the mainland as part of ROCs territory despite the lack of effective control, by 1949, the Communist Party of Chinas Peoples Liberation Army had largely defeated the Kuomintang s National Revolutionary Army in the Chinese Civil War on the mainland. This has resulted in a situation in which two co-existing governments compete for legitimacy and recognition as the government of China. The phrase mainland China emerged as a neutral term to refer to the area under control of the Communist Party of China. Until the late 1970s, both the PRC and ROC envisioned a military takeover of the other, during this time the ROC referred to the PRC government as Communist Bandits while the PRC referred to the ROC as Chiang Bandits. Later, as a military solution became less feasible, the ROC referred to the PRC as Communist China, due to their status as colonies of foreign states during the establishment of the Peoples Republic of China in 1949, the phrase mainland China excludes Hong Kong and Macau. Since the return of Hong Kong and Macau to Chinese sovereignty in 1997 and 1999, respectively, the territories also have their distinct identities. Therefore, mainland China generally continues to exclude these territories, because of the One country, the term is also used in economic indicators, such as the IMD Competitiveness Report. International news media often use China to refer only to mainland China or the Peoples Republic of China, in the PRC, the term 内地 is often contrasted with the term 境外 for things outside of the mainland region. Examples include Administration of Foreign-funded Banks or the Measures on Administration of Representative Offices of Foreign Insurance Institutions, Hainan is an offshore island, therefore geographically not part of the continental mainland. Nonetheless, Hainanese people still refer to the mainland as the mainland. In some coastal provinces such as Guangdong, Fujian and Jiangsu, in contrast, the pro-Taiwan independence Democratic Progressive Party prefer to use the term China instead, referring to the PRC, to imply that Taiwan is separate from China
9.
Hong Kong
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Hong Kong, officially the Hong Kong Special Administrative Region of the Peoples Republic of China, is an autonomous territory on the Pearl River Delta of East Asia. Macau lies across the delta to the west, and the Chinese province of Guangdong borders the territory to the north. With a total area of 1,106 square kilometres. Hong Kong was later occupied by Japan during World War II until British control resumed in 1945, under the principle of one country, two systems, Hong Kong maintains a separate political and economic system from China. Except in military defence and foreign affairs, Hong Kong maintains its independent executive, legislative, in addition, Hong Kong develops relations directly with foreign states and international organisations in a broad range of appropriate fields. Hong Kong is one of the worlds most significant financial centres, with the highest Financial Development Index score and consistently ranks as the worlds most competitive and freest economic entity. As the worlds 8th largest trading entity, its legal tender, Hong Kongs tertiary sector dominated economy is characterised by simple taxation with a competitive level of corporate tax and supported by its independent judiciary system. However, while Hong Kong has one of the highest per capita incomes in the world and it has a very high Human Development Index ranking and the worlds longest life expectancy. Over 90% of the population use of well-developed public transportation. Seasonal air pollution with origins from neighbouring areas of Mainland China. Hong Kong was officially recorded in the 1842 Treaty of Nanking to encompass the entirety of the island, before 1842, the name referred to a small inlet—now Aberdeen Harbour, literally means Little Hong Kong)—between Aberdeen Island and the southern coast of Hong Kong Island. Aberdeen was a point of contact between British sailors and local fishermen. Detailed and accurate romanisation systems for Cantonese were available and in use at the time, fragrance may refer to the sweet taste of the harbours fresh water estuarine influx of the Pearl River or to the incense from factories lining the coast of northern Kowloon. The incense was stored near Aberdeen Harbour for export before Hong Kong developed Victoria Harbour, the name had often been written as the single word Hongkong until the government adopted the current form in 1926. Nevertheless, a number of century-old institutions still retain the form, such as the Hongkong Post, Hongkong Electric. As of 1997, its name is the Hong Kong Special Administrative Region of the Peoples Republic of China. This is the title as mentioned in the Hong Kong Basic Law. Hong Kong has carried many nicknames, the most famous among those is the Pearl of the Orient, which reflected the impressive nightscape of the citys light decorations on the skyscrapers along both sides of the Victoria Harbour
10.
Macau
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Macau, also spelled Macao, officially the Macao Special Administrative Region of the Peoples Republic of China, is an autonomous territory on the western side of the Pearl River Delta in East Asia. Macau is bordered by the city of Zhuhai in Mainland China to the north, Hong Kong lies about 64 kilometres to its east across the Delta. With a population of 650,900 living in an area of 30.5 km2, Macau was administered by the Portuguese Empire and its inheritor states from the mid-16th century until late 1999, when it constituted the last remaining European colony in Asia. Portuguese traders first settled in Macau in the 1550s, in 1557, Macau was leased to Portugal from Ming China as a trading port. The Portuguese Empire administered the city under Chinese authority and sovereignty until 1887, sovereignty over Macau was transferred back to China on 20 December 1999. The Joint Declaration on the Question of Macau and Macau Basic Law stipulate that Macau operate with a degree of autonomy until at least 2049. Macau participates in international organizations and events that do not require members to national sovereignty. Macau is a city in Southern China, known for its casinos. Its gaming revenue has been the worlds largest since 2006, with the heavily dependent on gaming. According to The World Factbook, Macau has the fourth highest life expectancy in the world, the present Chinese name means Inlet Gates. Macau is otherwise known in Chinese as Haojing or Jinghai, the name Macau is thought to be derived from the A-Ma Temple, a temple built in 1448 dedicated to Mazu, the goddess of seafarers and fishermen. It is said that when the Portuguese sailors landed at the coast just outside the temple and asked the name of the place, the Portuguese then named the peninsula Macau. The history of Macau is traced back to the Qin dynasty, the first recorded Chinese inhabitants of the area were people seeking refuge in Macau from invading Mongols during the Southern Song. Under the Ming dynasty, fishermen migrated to Macau from Guangdong, the Macau native people were Tanka boat people. Macau did not develop as a settlement until the Portuguese arrived in the 16th century. In 1513, Jorge Álvares became the first Portuguese to land in China, in 1535, Portuguese traders obtained the rights to anchor ships in Macaus harbours and to carry out trading activities, though not the right to stay onshore. In 1557, the Portuguese established a permanent settlement in Macau, the Portuguese continued to pay an annual tribute up to 1863 in order to stay in Macau. By 1564, Portugal commanded western trade with India, Japan, but their pride was damaged by the indifference with which the Chinese treated them
11.
Mongolia
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Mongolia /mɒŋˈɡoʊliə/ is a landlocked unitary sovereign state in East Asia. Its area is equivalent with the historical territory of Outer Mongolia. It is sandwiched between China to the south and Russia to the north, while it does not share a border with Kazakhstan, Mongolia is separated from it by only 36.76 kilometers. At 1,564,116 square kilometers, Mongolia is the 18th largest and it is also the worlds second-largest landlocked country behind Kazakhstan and the largest landlocked country that does not border a closed sea. The country contains very little land, as much of its area is covered by grassy steppe, with mountains to the north and west. Ulaanbaatar, the capital and largest city, is home to about 45% of the countrys population, approximately 30% of the population is nomadic or semi-nomadic, horse culture is still integral. The majority of its population are Buddhists, the non-religious population is the second largest group. Islam is the dominant religion among ethnic Kazakhs, the majority of the states citizens are of Mongol ethnicity, although Kazakhs, Tuvans, and other minorities also live in the country, especially in the west. Mongolia joined the World Trade Organization in 1997 and seeks to expand its participation in regional economic, the area of what is now Mongolia has been ruled by various nomadic empires, including the Xiongnu, the Xianbei, the Rouran, the Turkic Khaganate, and others. In 1206, Genghis Khan founded the Mongol Empire, which became the largest contiguous empire in history. His grandson Kublai Khan conquered China to establish the Yuan dynasty, after the collapse of the Yuan, the Mongols retreated to Mongolia and resumed their earlier pattern of factional conflict, except during the era of Dayan Khan and Tumen Zasagt Khan. In the 16th century, Tibetan Buddhism began to spread in Mongolia, being led by the Manchu-founded Qing dynasty. By the early 1900s, almost one-third of the male population were Buddhist monks. After the collapse of the Qing dynasty in 1911, Mongolia declared independence from the Qing dynasty, shortly thereafter, the country came under the control of the Soviet Union, which had aided its independence from China. In 1924, the Mongolian Peoples Republic was declared as a Soviet satellite state, after the anti-Communist revolutions of 1989, Mongolia conducted its own peaceful democratic revolution in early 1990. This led to a multi-party system, a new constitution of 1992, homo erectus inhabited Mongolia from 850,000 years ago. Modern humans reached Mongolia approximately 40,000 years ago during the Upper Paleolithic, the Khoit Tsenkher Cave in Khovd Province shows lively pink, brown, and red ochre paintings of mammoths, lynx, bactrian camels, and ostriches, earning it the nickname the Lascaux of Mongolia. The venus figurines of Malta testify to the level of Upper Paleolithic art in northern Mongolia, the wheeled vehicles found in the burials of the Afanasevans have been dated to before 2200 BC
12.
North Korea
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North Korea, officially the Democratic Peoples Republic of Korea, is a country in East Asia, constituting the northern part of the Korean Peninsula. Pyongyang is both the capital as well as its largest city. To the north and northwest the country is bordered by China and by Russia along the Amnok, the country is bordered to the south by South Korea, with the heavily fortified Korean Demilitarized Zone separating the two. Negotiations on reunification failed, and in 1948 two separate governments were formed, the communist Democratic Peoples Republic of Korea in the north, an invasion initiated by North Korea led to the Korean War. The Korean Armistice Agreement brought about a ceasefire, and no peace treaty was ever signed. North Korea officially describes itself as a self-reliant socialist state and formally holds elections, critics regard it as a totalitarian dictatorship. Various outlets have called it Stalinist, particularly noting the elaborate cult of personality around Kim Il-sung, International organizations have assessed human rights violations in North Korea as belonging to a category of their own, with no parallel in the contemporary world. Over time, North Korea has gradually distanced itself from the world communist movement, Juche, an ideology of national self-reliance, was introduced into the constitution as a creative application of Marxism–Leninism in 1972. The means of production are owned by the state through state-run enterprises, most services such as healthcare, education, housing and food production are subsidized or state-funded. From 1994 to 1998, North Korea suffered from a famine that resulted in the deaths of between 0.24 and 3.5 million people, and the continues to struggle with food production. North Korea follows Songun, or military-first policy and it is the country with the highest number of military and paramilitary personnel, with a total of 9,495,000 active, reserve, and paramilitary personnel. Its active duty army of 1.21 million is the fourth largest in the world, after China, North Korea is an atheist state with no official religion and where public religion is discouraged. The name Korea derives from the name Goryeo, the name Goryeo itself was first used by the ancient kingdom of Goguryeo in the 5th century as a shortened form of its name. The 10th-century kingdom of Goryeo succeeded Goguryeo, and thus inherited its name, the modern spelling of Korea first appeared in the late 17th century in the travel writings of the Dutch East India Companys Hendrick Hamel. After the division of the country into North and South Korea, the two sides used different terms to refer to Korea, Chosun or Joseon in North Korea, in 1948, North Korea adopted Democratic Peoples Republic of Korea as its new legal name. After the First Sino-Japanese War and the Russo-Japanese War, Korea was occupied by Japan, Japan tried to suppress Korean traditions and culture and ran the economy primarily for its own benefit. Korean resistance groups known as Dongnipgun operated along the Sino-Korean border, some of them took part in allied action in China and parts of South East Asia. One of the leaders was the communist Kim Il-sung, who later became the leader of North Korea
13.
Myanmar
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Myanmar, officially the Republic of the Union of Myanmar and also known as Burma, is a sovereign state in South East Asia bordered by Bangladesh, India, China, Laos and Thailand. About one third of Myanmars total perimeter of 5,876 km, forms an uninterrupted coastline of 1,930 km along the Bay of Bengal, the countrys 2014 census revealed a much lower population than expected, with 51 million people recorded. Myanmar is 676,578 square kilometres in size and its capital city is Naypyidaw and its largest city and former capital city is Yangon. Early civilizations in Myanmar included the Tibeto-Burman-speaking Pyu city-states in Upper Burma, the Pagan Kingdom fell due to the Mongol invasions and several warring states emerged. In the 16th century, reunified by the Taungoo Dynasty, the country was for a period the largest empire in the history of Mainland Southeast Asia. The early 19th century Konbaung Dynasty ruled over an area included modern Myanmar and briefly controlled Manipur. The British invaded Myanmar after three Anglo-Burmese Wars in the 19th century and the became a British colony. Myanmar became an independent nation in 1948, initially as a nation and then, following a coup détat in 1962. For most of its independent years, the country has been engrossed in rampant ethnic strife, during this time, the United Nations and several other organisations have reported consistent and systematic human rights violations in the country. In 2011, the junta was officially dissolved following a 2010 general election. While former military leaders still wield enormous power in the country, there is, however, continuing criticism of the governments treatment of the Muslim Rohingya minority and its poor response to the religious clashes. In the landmark 2015 election, Aung San Suu Kyis party won a majority in both houses, Myanmar is a country rich in jade and gems, oil, natural gas and other mineral resources. In 2013, its GDP stood at US$56.7 billion, the income gap in Myanmar is among the widest in the world, as a large proportion of the economy is controlled by supporters of the former military government. As of 2016, according to the Human Development Index, Myanmar had a level of human development. The renaming remains a contested issue, many political and ethnic opposition groups and countries continue to use Burma because they do not recognise the legitimacy of the ruling military government or its authority to rename the country. The countrys official name is the Republic of the Union of Myanmar. Countries that do not officially recognise that name use the long form Union of Burma instead, in English, the country is popularly known as either Burma or Myanmar /ˈmjɑːnˌmɑːr/. Both these names are derived from the name of the majority Burmese Bamar ethnic group, Myanmar is considered to be the literary form of the name of the group, while Burma is derived from Bamar, the colloquial form of the groups name
14.
Kokang
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Kokang is a historical region in Myanmar. It is located in the part of Shan State, with the Salween River to its west. Its total land area is around 10,000 square kilometres, Kokang is mostly populated by Kokang people, a Han Chinese group living in Myanmar. Kokang had been part of China for several centuries, but was largely left alone by successive governments due to its remote location. The region formed a de facto buffer zone between Yunnan province and the Shan States, the Yang clan, originally Ming loyalists from Nanjing, consolidated the area into a single polity. In 1840, the Yunnan governor granted the Yang clan the hereditary rights as a vassal of the Qing dynasty, after the British conquest of Upper Burma in 1885, Kokang was initially placed in China under the 1894 Sino-British boundary convention. It was ceded to British Burma in an agreement signed in February 1897. Armed conflicts between the MNDAA and the Tatmadaw have resulted in the 2009 Kokang incident and the 2015 Kokang offensive, in 2009, the population was reported to be around 150,000. Of these, around 100,000 people held Burmese nationality, of the Burmese nationality, 90% are ethnic Han-Chinese, with others being Shan, Palaung, Hmong, Wa, Lisu, Bai and Bamar. Because of the disappearance of the narcotics trade, many have lost their source of income. The state was founded by Yang Shien-tsai, who began his reign in 1739 in and around Ta Shwe Htan, then called Xingdahu. He was succeeded on his death in 1758 by his son Yang Weixing and he expanded his territory tenfold compared to that inherited from his predecessor. After his death in 1795, his son Yang You Gen became the chief and he soon renamed the state as Kokang and titled himself Heng of Kokang. In 1840, Yang Guohua was given the title the Hereditable Magistrate of Guogan County by the Chinese Qing dynasty, the Heng was succeeded after his death in 1874 by his younger brother Yang Guozheng, who ruled peacefully and began relations with Britain upon the annexation of Upper Burma. In 1916 he went blind, and abdicated in favour of his nephew Yang Chunrong, the new ruler then took the Burmese title Myosa. He died in 1927 and was succeeded by his son Colonel Sao Yang Wen Ping, 1739–1758, Yang Shien Tsai 1758–1795, Yang Wei Shin After China relinquished jurisdiction on 4 February 1897, Kokang came under British protection. He died in 1949 and was succeeded by his son Sao Edward Yang Kyein Tsai who was deposed by the Burmese in 1959, before that it is part Hsenwi Saopha territory. Peng Jiasheng ruled Kokang since 1989 except he was ousted temporarily by rival Yang Moliang in 1992 and he regain his power in the same year with the help of juntas but he was ousted again by juntas and replaced with his deputy Bai Xuoqian in 2009
15.
Wa State
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Wa State is an unrecognised state in Myanmar and is currently subsumed under the official Wa Special Region 2 of northern Shan State. The name Wa derives from the Wa ethnic group, who speaks a language in the Austroasiatic family of languages, many of the Wa are animists, and a small proportion of the population follows a derivative of either Buddhism or Christianity. The Wa were once known as the Wild Wa by the British due to their practice of headhunting. Wa State is divided into northern and southern regions which are separated from one another, with the 13,000 km2 southern region bordering Thailand, the total area of the region controlled by the Wa State is 17,000 km2. Political leaders of the Wa State are mostly ethnic Wa people, the government of the Wa State emulates many political features of the government of China, having a Central Committee and a central party known as the United Wa State Party. The working language of the Wa State government is Chinese, southwest Mandarin and Wa widely spoken by the population, with the language of education being Standard Mandarin Chinese. Television broadcasts within the Wa State are broadcast in Standard Chinese, commodities within the Wa State are brought over from China, and the Renminbi is used for exchanges. China Mobile has cellular coverage over some parts of the Wa State, for a long time, headman tribes were dispersed around the Wa mountainous area, with no unified governance. During the Qing Dynasty, the region separated from the tribal military control of the Dai people. British rule in Burma did not administer the Wa States and the border with China was left undefined, from the late 1940s, during the Chinese Civil War, remnants of the Chinese National Revolutionary Army retreated to territory within Burma as the communists took over mainland China. Within the mountain region Kuomintang forces of the Eighth Army 237 division, under pressure from the United Nations, the counterattack was cancelled and the army was recalled to northern Thailand and later back to Taiwan, however, some troops decided to remain within Burma. East of the Salween river, indigenous tribal guerilla groups exercised control with the support of the Burmese Communist Party. During the 1960s, the Burmese Communist Party lost its base of operations within central Burma, many intellectual youths from China joined the Burmese Communist Party, and these forces also absorbed many local guerillas. The Burmese communists gained control over Pangkham, which became their base of operations, at the end of the 1980s, the ethnic minorities of northeast Burma became politically separated from the Burmese Communist Party. On 17 April 1989, Bao Youxiangs armed forces announced their separation from the Burmese Communist Party, and formed the United Myanmar Ethnics Party, on 18 May, the Wa State and Myanmar military junta formed a ceasefire agreement. Tensions between the government and Wa state were heightened in 2009. During this time, peace initiative proposals by the Wa State were rejected by the Myanmar government, the government warned on 27 April 2010 that the WHP program could push Myanmar and the Wa State into further conflict. After the Communist Party of Burma lost control of its bases in central Burma in the late 1960s, it re-established itself in the northeast including Wa State, the Wa, like other ethnic groups were fighting for autonomy from Burma, and supported the CPB
16.
Mandalay
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Mandalay is the second-largest city and the last royal capital of Myanmar. Located 716 km north of Yangon on the east bank of the Irrawaddy River, Mandalay is the economic centre of Upper Burma and considered the centre of Burmese culture. A continuing influx of Chinese immigrants, mostly from Yunnan, in the past twenty years, has reshaped the citys ethnic makeup, despite Naypyidaws recent rise, Mandalay remains Upper Burmas main commercial, educational and health center. The city gets its name from the nearby Mandalay Hill, the name is probably a derivative of a Pali word, although the exact word of origin remains unclear. The root word has been speculated to be mandala, referring to circular plains or Mandara, when it was founded in 1857, the royal city was officially named Yadanabon, a loan of the Pali name Ratanapūra City of Gems. It was also called Lay Kyun Aung Myei and Mandalay Palace, like most former capitals of Burma, Mandalay was founded on the wishes of the ruler of the day. The new capital city site was 66 km2 in area, surrounded by four rivers, the plan called for a 144-square block grid patterned citadel, anchored by a 16 square block royal palace compound at the center by Mandalay Hill. The 1020-acre citadel was surrounded by four 2,032 m long walls, at intervals of 169 m along the wall, were turrets with gold-tipped spires for watchmen. The walls had three gates on each side, and five bridges to cross the moat, for the next 26 years, Mandalay was to be the last royal capital of the Konbaung Dynasty, the last independent Burmese kingdom before its final annexation by the British Empire. Mandalay ceased to be the capital on 28 November 1885 when the conquering British sent Thibaw Min and his queen Supayalat into exile, ending the Third Anglo-Burmese War. While Mandalay would continue to be the city of Upper Burma during the British colonial rule. The British view on the development of Mandalay was mainly with commercial intentions, while rail transport reached Mandalay in 1889, less than four years after the annexation, the first college in Mandalay, Mandalay College, was not established until 40 years later, in 1925. The British looted the palace, with some of the treasures still on display in the Victoria and Albert Museum, also renaming the palace compound Fort Dufferin and used it to billet troops. Between the two World Wars, the city was Upper Burmas focal point in a series of protests against the British rule. The British rule brought in immigrants from India to the city. In 1904–05, a plague caused about one-third of the population to flee the city, during World War II, Mandalay suffered the most devastating air raids of the war. On April 3,1942, during the Japanese conquest of Burma, many again fled the city when the city was under Japanese occupation from May 1942 to March 1945. The palace citadel, turned into a depot by the Japanese, was burnt to the ground by Allied bombing, only the royal mint
17.
Vietnam
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Vietnam, officially the Socialist Republic of Vietnam, is the easternmost country on the Indochina Peninsula in Southeast Asia. With an estimated 92.7 million inhabitants as of 2016, it is the worlds 14th-most-populous country, and its capital city has been Hanoi since the reunification of North and South Vietnam in 1976, with Ho Chi Minh City as a historical city as well. The northern part of Vietnam was part of Imperial China for over a millennium, an independent Vietnamese state was formed in 939, following a Vietnamese victory in the Battle of Bạch Đằng River. Following a Japanese occupation in the 1940s, the Vietnamese fought French rule in the First Indochina War, thereafter, Vietnam was divided politically into two rival states, North Vietnam, and South Vietnam. Conflict between the two sides intensified in what is known as the Vietnam War, the war ended with a North Vietnamese victory in 1975. Vietnam was then unified under a communist government but remained impoverished, in 1986, the government initiated a series of economic and political reforms which began Vietnams path towards integration into the world economy. By 2000, it had established relations with all nations. Since 2000, Vietnams economic growth rate has been among the highest in the world and its successful economic reforms resulted in its joining the World Trade Organization in 2007. It is also a member of the Asia-Pacific Economic Cooperation and the Organisation Internationale de la Francophonie, Vietnam remains one of the worlds four remaining one-party socialist states officially espousing communism. The name Việt Nam is a variation of Nam Việt, a name that can be traced back to the Triệu Dynasty of the 2nd century BC. The word Việt originated as a form of Bách Việt. The form Vietnam is first recorded in the 16th-century oracular poem Sấm Trạng Trình, the name has also been found on 12 steles carved in the 16th and 17th centuries, including one at Bao Lam Pagoda in Haiphong that dates to 1558. Then, as recorded, rewarded Yuenan/Vietnam as their nations name, to also show that they are below the region of Baiyue/Bach Viet. Between 1804 and 1813, the name was used officially by Emperor Gia Long and it was revived in the early 20th century by Phan Bội Châus History of the Loss of Vietnam, and later by the Vietnamese Nationalist Party. The country was usually called Annam until 1945, when both the government in Huế and the Viet Minh government in Hanoi adopted Việt Nam. Archaeological excavations have revealed the existence of humans in what is now Vietnam as early as the Paleolithic age, Homo erectus fossils dating to around 500,000 BC have been found in caves in Lạng Sơn and Nghệ An provinces in northern Vietnam. The oldest Homo sapiens fossils from mainland Southeast Asia are of Middle Pleistocene provenance, teeth attributed to Homo sapiens from the Late Pleistocene have also been found at Dong Can, and from the Early Holocene at Mai Da Dieu, Lang Gao and Lang Cuom. The Hồng Bàng dynasty of the Hùng kings is considered the first Vietnamese state, in 257 BC, the last Hùng king was defeated by Thục Phán, who consolidated the Lạc Việt and Âu Việt tribes to form the Âu Lạc, proclaiming himself An Dương Vương
18.
Zimbabwe
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Zimbabwe, officially the Republic of Zimbabwe, is a landlocked country located in southern Africa, between the Zambezi and Limpopo Rivers. It is bordered by South Africa to the south, Botswana to the west and southwest, Zambia to the northwest, although it does not border Namibia, less than 200 metres of the Zambezi River separates it from that country. The capital and largest city is Harare, a country of roughly 13 million people, Zimbabwe has 16 official languages, with English, Shona, and Ndebele the most commonly used. Since the 11th century, present-day Zimbabwe has been the site of several organised states and kingdoms as well as a route for migration. The British South Africa Company of Cecil Rhodes first demarcated the present territory during the 1890s, in 1965, the conservative white minority government unilaterally declared independence as Rhodesia. Zimbabwe then rejoined the Commonwealth of Nations—which it withdrew from in 2003 and it is a member of the United Nations, the Southern African Development Community, the African Union, and the Common Market for Eastern and Southern Africa. Robert Mugabe became Prime Minister of Zimbabwe in 1980, when his ZANU-PF party won the following the end of white minority rule. Under Mugabes authoritarian regime, the security apparatus has dominated the country. Mugabe has maintained the revolutionary socialist rhetoric from the Cold War era, the name Zimbabwe stems from a Shona term for Great Zimbabwe, an ancient ruined city in the countrys south-east whose remains are now a protected site. Two different theories address the origin of the word, many sources hold that Zimbabwe derives from dzimba-dza-mabwe, translated from the Karanga dialect of Shona as large houses of stone. The Karanga-speaking Shona people live around Great Zimbabwe in the province of Masvingo. Zimbabwe was formerly known as Southern Rhodesia, Rhodesia, and Zimbabwe Rhodesia, a further alternative, put forward by nationalists in Matabeleland, had been Matopos, referring to the Matopos Hills to the south of Bulawayo. In a 2001 interview, black nationalist Edson Zvobgo recalled that Mawema mentioned the name during a rally, and it caught hold. The black nationalist factions subsequently used the name the during the Second Chimurenga campaigns against the Rhodesian government during the Rhodesian Bush War of 1964-1979, major factions in this camp included the Zimbabwe African National Union, and the Zimbabwe African Peoples Union. Proto-Shona-speaking societies first emerged in the middle Limpopo valley in the 9th century before moving on to the Zimbabwean highlands, the Zimbabwean plateau eventually became the centre of subsequent Shona states, beginning around the 10th century. Around the early 10th century, trade developed with Arab merchants on the Indian Ocean coast, the main archaeological site uses a unique dry stone architecture. The Kingdom of Mapungubwe was the first in a series of sophisticated trade states developed in Zimbabwe by the time of the first European explorers from Portugal and they traded in gold, ivory, and copper for cloth and glass. From about 1300 until 1600, Mapungubwe was eclipsed by the Kingdom of Zimbabwe and this Shona state further refined and expanded upon Mapungubwes stone architecture, which survives to this day at the ruins of the kingdoms capital of Great Zimbabwe
19.
Central bank
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A central bank, reserve bank, or monetary authority is an institution that manages a states currency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries, Central banks in most developed nations are institutionally designed to be independent from political interference. Still, limited control by the executive and legislative bodies usually exists, prior to the 17th century most money was commodity money, typically gold or silver. However, promises to pay were widely circulated and accepted as value at least five hundred years earlier in both Europe and Asia. The Song dynasty was the first to issue generally circulating paper currency, in 1455, in an effort to control inflation, the succeeding Ming Dynasty ended the use of paper money and closed much of Chinese trade. The Bank of Amsterdam, established in the Dutch Republic in 1609, is considered to be the forerunner to modern central banks. The Wisselbanks innovations helped lay the foundations for the birth and development of the banking system that now plays a vital role in the worlds economy. Along with a number of local banks, it performed many functions of a central banking system. Lucien Gillard calls it the European guilder, and Adam Smith devotes many pages to explaining how the bank guilder works, the model of the Wisselbank as a state bank was adapted throughout Europe, including the Bank of Sweden and the Bank of England. Established by Dutch-Latvian Johan Palmstruch in 1668, Sveriges Riksbank is often considered by many as the worlds oldest central bank, the lenders would give the government cash and also issue notes against the government bonds, which could be lent again. A Royal Charter was granted on 27 July through the passage of the Tonnage Act 1694, the bank was given exclusive possession of the governments balances, and was the only limited-liability corporation allowed to issue banknotes. The £1. 2M was raised in 12 days, half of this was used to rebuild the Navy and these modern central banking functions evolved slowly through the 18th and 19th centuries. The currency crisis of 1797, caused by panicked depositors withdrawing from the Bank led to the government suspending convertibility of notes into specie payment. The bank was accused by the bullionists of causing the exchange rate to fall from over issuing banknotes. Nevertheless, it was clear that the Bank was being treated as an organ of the state, henry Thornton, a merchant banker and monetary theorist has been described as the father of the modern central bank. An opponent of the real bills doctrine, he was a defender of the bullionist position, thorntons process of monetary expansion anticipated the theories of Knut Wicksell regarding the cumulative process which restates the Quantity Theory in a theoretically coherent form. Until the mid-nineteenth century, commercial banks were able to issue their own banknotes, many consider the origins of the central bank to lie with the passage of the Bank Charter Act of 1844. Under this law, authorisation to issue new banknotes was restricted to the Bank of England, at the same time, the Bank of England was restricted to issue new banknotes only if they were 100% backed by gold or up to £14 million in government debt
20.
People's Bank of China
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The Peoples Bank of China is the central bank of the Peoples Republic of China with the power to carry out monetary policy and regulate financial institutions in mainland China. The Peoples Bank of China has more financial assets than any public institution. The bank was established on December 1,1948, based on the consolidation of the Huabei Bank, the Beihai Bank, the headquarters was first located in Shijiazhuang, Hebei, and then moved to Beijing in 1949. Between 1950 and 1978 the PBC was the bank in the Peoples Republic of China and was responsible for both central banking and commercial banking operations. All other banks within Mainland China such as the Bank of China were either organized as divisions of the PBC or were non-deposit taking agencies, mr. Chen Yuan was instrumental in modernizing the bank in the early 1990s. Its central bank status was confirmed on March 18,1995 by the 3rd Plenum of the 8th National Peoples Congress. In 1998, the PBC underwent a major restructuring, all provincial and local branches were abolished, and the PBC opened nine regional branches, whose boundaries did not correspond to local administrative boundaries. The Peoples Bank of China is the largest central bank at US$3.201 trillion, the top management of the PBC are composed of the governor and a certain number of deputy governors. The governor of the PBC is appointed into or removed by the National Peoples Congress or its Standing Committee, the candidate for the governor of the PBC is nominated by the Premier of the Peoples Republic of China approved by the National Peoples Congress. When the National Peoples Congress is in adjournment, the Standing Committee sanctions the candidacy for the governor of the PBC, the deputy governors of the PBC are appointed to or removed from office by the Premier of the State Council. The current governor is Zhou Xiaochuan, deputy governors of the management team include, Yi Gang, Wang Huaqing, Pan Gongsheng, Fan Yifei, Guo Qingping, Zhang Xiaohui, and Yang Ziqiang. Former top-level managers include, Ms. Hu Xiaolian, Liu Shiyu, Li Dongrong and it has 6 overseas representative offices. Previously, interest rates set by the bank were always divisible by nine, however, this is no longer applied since the central bank started changing rates by 0.25 percentage points on October 19,2010. PBC latest interest rate changes PBC latest Reserve Requirement Ratio changes Foreign-exchange reserves from 2004 Stephen Bell and Hui Feng
21.
Mint (facility)
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A mint is an industrial facility which manufactures coins that can be used in currency. The history of mints correlates closely with the history of coins, in the beginning, hammered coinage or cast coinage were the chief means of coin minting, with resulting production runs numbering as little as the hundreds or thousands. In modern mints, coin dies are manufactured in large numbers, with the mass production of currency, the production cost is weighed when minting coins. For example, it costs the United States Mint much less than 25 cents to make a quarter, metals were well suited to represent wealth, owing to their great intrinsic value and their durability, divisibility and rarity. The first mint was established in Lydia in the 7th century BC, for coining gold, silver. The Lydian innovation of manufacturing coins under the authority of the spread to neighboring Greece. Some of the earliest Greek mints were within city-states on Greek islands such as Crete, at about the same time, coins and mints appeared independently in China and spread to Korea and Japan. The manufacture of coins in the Roman Empire, dating from about the 4th century BC, the origin of the word mint is ascribed to the manufacture of silver coin at Rome in 269 BC at the temple of Juno Moneta. This goddess became the personification of money, and her name was applied both to money and to its place of manufacture, Roman mints were spread widely across the Empire, and were sometimes used for propaganda purposes. The populace often learned of a new Roman Emperor when coins appeared with the new Emperors portrait, Ancient coins were made by casting in moulds or by striking between engraved dies. The Romans cast their larger copper coins in clay moulds carrying distinctive markings, not because they knew nothing of striking, casting is now used only by counterfeiters. The most ancient coins were cast in bulletshaped or conical moulds, the blank or unmarked piece of metal was placed on a small anvil, and the die was held in position with tongs. The reverse or lower side of the received a rectangular mark made by the sharp edges of the little anvil. Subsequently the anvil was marked in ways, and decorated with letters and figures of beasts. The spherical blanks soon gave place to lenticular-shaped ones, the blank was made red-hot and struck between cold dies. One blow was usually insufficient, and the method was similar to that used in striking medals in high relief. With the substitution of iron for bronze as the material for dies, about 300 AD, in the Middle Ages bars of metal were cast and hammered out on an anvil. Portions of the sheets were then cut out with shears
22.
Fixed exchange-rate system
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There are benefits and risks to using a fixed exchange rate. In doing so, the rate between the currency and its peg does not change based on market conditions, the way floating currencies do. A fixed exchange-rate system can also be used as a means to control the behavior of a currency, however, in doing so, the pegged currency is then controlled by its reference value. In other words, a currency is dependent on its reference value to dictate how its current worth is defined at any given time. The central bank provides the assets and/or the foreign currency or currencies which are needed in order to any payments imbalances. In the 21st century, the associated with large economies typically do not fix or peg exchange rates to other currencies. The last large economy to use a fixed exchange system was the Peoples Republic of China which, in July 2005. The European Exchange Rate Mechanism is also used on a basis to establish a final conversion rate against the Euro from the local currencies of countries joining the Eurozone. The gold standard or gold standard of fixed exchange rates prevailed from about 1870 to 1914. The period between the two wars was transitory, with the Bretton Woods system emerging as the new fixed exchange rate regime in the aftermath of World War II. It was formed with an intent to rebuild war-ravaged nations after World War II through a series of currency stabilization programs, the early 1970s saw the breakdown of the system and its replacement by a mixture of fluctuating and fixed exchange rates. Timeline of the exchange rate system, The earliest establishment of a gold standard was in the United Kingdom in 1821 followed by Australia in 1852. Under this system, the value of all currencies was denominated in terms of gold with central banks ready to buy. Each central bank maintained gold reserves as their official reserve asset, for example, during the “classical” gold standard period, the U. S. dollar was defined as 0.048 troy oz. of pure gold. Following the Second World War, the Bretton Woods system replaced gold with the U. S. dollar as the reserve asset. The regime intended to combine binding legal obligations with multilateral decision-making through the International Monetary Fund, the rules of this system were set forth in the articles of agreement of the IMF and the International Bank for Reconstruction and Development. S. Dollar and to exchange rates within 1% of parity by intervening in their foreign exchange markets. In December 1971, the Smithsonian Agreement paved the way for the increase in the value of the price of gold from US$35.50 to US$38 an ounce
23.
Traditional Chinese characters
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Traditional Chinese characters are Chinese characters in any character set that does not contain newly created characters or character substitutions performed after 1946. They are most commonly the characters in the character sets of Taiwan, of Hong Kong. Currently, a number of overseas Chinese online newspapers allow users to switch between both sets. In contrast, simplified Chinese characters are used in mainland China, Singapore, the debate on traditional and simplified Chinese characters has been a long-running issue among Chinese communities. Although simplified characters are taught and endorsed by the government of Mainland China, Traditional characters are used informally in regions in China primarily in handwriting and also used for inscriptions and religious text. They are often retained in logos or graphics to evoke yesteryear, nonetheless, the vast majority of media and communications in China is dominated by simplified characters. Taiwan has never adopted Simplified Chinese characters since it is ruled by the Republic of China, the use of simplified characters in official documents is even prohibited by the government in Taiwan. Simplified characters are not well understood in general, although some stroke simplifications that have incorporated into Simplified Chinese are in common use in handwriting. For example, while the name of Taiwan is written as 臺灣, similarly, in Hong Kong and Macau, Traditional Chinese has been the legal written form since colonial times. In recent years, because of the influx of mainland Chinese tourists, today, even government websites use simplified Chinese, as they answer to the Beijing government. This has led to concerns by residents to protect their local heritage. In Southeast Asia, the Chinese Filipino community continues to be one of the most conservative regarding simplification, while major public universities are teaching simplified characters, many well-established Chinese schools still use traditional characters. Publications like the Chinese Commercial News, World News, and United Daily News still use traditional characters, on the other hand, the Philippine Chinese Daily uses simplified. Aside from local newspapers, magazines from Hong Kong, such as the Yazhou Zhoukan, are found in some bookstores. In case of film or television subtitles on DVD, the Chinese dub that is used in Philippines is the same as the one used in Taiwan and this is because the DVDs belongs to DVD Region Code 3. Hence, most of the subtitles are in Traditional Characters, overseas Chinese in the United States have long used traditional characters. A major influx of Chinese immigrants to the United States occurred during the half of the 19th century. Therefore, the majority of Chinese language signage in the United States, including street signs, Traditional Chinese characters are called several different names within the Chinese-speaking world
24.
Standard Chinese
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Its pronunciation is based on the Beijing dialect, its vocabulary on the Mandarin dialects, and its grammar is based on written vernacular Chinese. Like other varieties of Chinese, Standard Chinese is a language with topic-prominent organization. It has more initial consonants but fewer vowels, final consonants, Standard Chinese is an analytic language, though with many compound words. There exist two standardised forms of the language, namely Putonghua in Mainland China and Guoyu in Taiwan, aside from a number of differences in pronunciation and vocabulary, Putonghua is written using simplified Chinese characters, while Guoyu is written using traditional Chinese characters. There are many characters that are identical between the two systems, in English, the governments of China and Hong Kong use Putonghua, Putonghua Chinese, Mandarin Chinese, and Mandarin, while those of Taiwan, Singapore, and Malaysia, use Mandarin. The name Putonghua also has a long, albeit unofficial, history and it was used as early as 1906 in writings by Zhu Wenxiong to differentiate a modern, standard Chinese from classical Chinese and other varieties of Chinese. For some linguists of the early 20th century, the Putonghua, or common tongue/speech, was different from the Guoyu. The former was a prestige variety, while the latter was the legal standard. Based on common understandings of the time, the two were, in fact, different, Guoyu was understood as formal vernacular Chinese, which is close to classical Chinese. By contrast, Putonghua was called the speech of the modern man. The use of the term Putonghua by left-leaning intellectuals such as Qu Qiubai, prior to this, the government used both terms interchangeably. In Taiwan, Guoyu continues to be the term for Standard Chinese. The term Putonghua, on the contrary, implies nothing more than the notion of a lingua franca, Huayu, or language of the Chinese nation, originally simply meant Chinese language, and was used in overseas communities to contrast Chinese with foreign languages. Over time, the desire to standardise the variety of Chinese spoken in these communities led to the adoption of the name Huayu to refer to Mandarin and it also incorporates the notion that Mandarin is usually not the national or common language of the areas in which overseas Chinese live. The term Mandarin is a translation of Guānhuà, which referred to the lingua franca of the late Chinese empire, in English, Mandarin may refer to the standard language, the dialect group as a whole, or to historic forms such as the late Imperial lingua franca. The name Modern Standard Mandarin is sometimes used by linguists who wish to distinguish the current state of the language from other northern. Chinese has long had considerable variation, hence prestige dialects have always existed. Confucius, for example, used yǎyán rather than colloquial regional dialects, rime books, which were written since the Northern and Southern dynasties, may also have reflected one or more systems of standard pronunciation during those times
25.
Pinyin
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Pinyin, or Hànyǔ Pīnyīn, is the official romanization system for Standard Chinese in mainland China, Malaysia, Singapore, and Taiwan. It is often used to teach Standard Chinese, which is written using Chinese characters. The system includes four diacritics denoting tones, Pinyin without tone marks is used to spell Chinese names and words in languages written with the Latin alphabet, and also in certain computer input methods to enter Chinese characters. The pinyin system was developed in the 1950s by many linguists, including Zhou Youguang and it was published by the Chinese government in 1958 and revised several times. The International Organization for Standardization adopted pinyin as a standard in 1982. The system was adopted as the standard in Taiwan in 2009. The word Hànyǔ means the language of the Han people. In 1605, the Jesuit missionary Matteo Ricci published Xizi Qiji in Beijing and this was the first book to use the Roman alphabet to write the Chinese language. Twenty years later, another Jesuit in China, Nicolas Trigault, neither book had much immediate impact on the way in which Chinese thought about their writing system, and the romanizations they described were intended more for Westerners than for the Chinese. One of the earliest Chinese thinkers to relate Western alphabets to Chinese was late Ming to early Qing Dynasty scholar-official, the first late Qing reformer to propose that China adopt a system of spelling was Song Shu. A student of the great scholars Yu Yue and Zhang Taiyan, Song had been to Japan and observed the effect of the kana syllabaries. This galvanized him into activity on a number of fronts, one of the most important being reform of the script, while Song did not himself actually create a system for spelling Sinitic languages, his discussion proved fertile and led to a proliferation of schemes for phonetic scripts. The Wade–Giles system was produced by Thomas Wade in 1859, and it was popular and used in English-language publications outside China until 1979. This Sin Wenz or New Writing was much more sophisticated than earlier alphabets. In 1940, several members attended a Border Region Sin Wenz Society convention. Mao Zedong and Zhu De, head of the army, both contributed their calligraphy for the masthead of the Sin Wenz Societys new journal. Outside the CCP, other prominent supporters included Sun Yat-sens son, Sun Fo, Cai Yuanpei, the countrys most prestigious educator, Tao Xingzhi, an educational reformer. Over thirty journals soon appeared written in Sin Wenz, plus large numbers of translations, biographies, some contemporary Chinese literature, and a spectrum of textbooks
26.
Bopomofo
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Zhuyin fuhao, Zhuyin or Bopomofo is a system of phonetic notation for the transcription of spoken Chinese, particularly the Mandarin dialect. The first two are traditional terms, whereas Bopomofo is the term, also used by the ISO. Consisting of 37 characters and four marks, it transcribes all possible sounds in Mandarin. Zhuyin was introduced in China by the Republican Government in the 1910s and used alongside the Wade-Giles system, the Wade system was replaced by Hanyu Pinyin in 1958 by the Government of the Peoples Republic of China, and at the International Organization for Standardization in 1982. The informal name Bopomofo is derived from the first four syllables in the ordering of available syllables in Mandarin Chinese. The four Bopomofo characters that correspond to these syllables are placed first in a list of these characters. The same sequence is used by other speakers of Chinese to refer to other phonetic systems. The original formal name of the system was Guóyīn Zìmǔ and Zhùyīn Zìmǔ and it was later renamed Zhùyīn Fúhào, meaning phonetic symbols. In official documents, Zhuyin is occasionally called Mandarin Phonetic Symbols I, in English translations, the system is often also called either Chu-yin or the Mandarin Phonetic Symbols. A romanized phonetic system was released in 1984 as Mandarin Phonetic Symbols II, the Commission on the Unification of Pronunciation, led by Wu Zhihui from 1912 to 1913, created a system called Zhuyin Zimu, which was based on Zhang Binglins shorthand. A draft was released on July 11,1913, by the Republic of China National Ministry of Education and it was later renamed first Guoyin Zimu and then, in April 1930, Zhuyin Fuhao. The last renaming addressed fears that the system might independently replace Chinese characters. Zhuyin remains the predominant phonetic system in teaching reading and writing in school in Taiwan. It is also one of the most popular ways to enter Chinese characters into computers and smartphones, in elementary school, particularly in the lower years, Chinese characters in textbooks are often annotated with Zhuyin as ruby characters as an aid to learning. Additionally, one newspaper in Taiwan, the Mandarin Daily News. In teaching Mandarin, Taiwan institutions and some communities use Zhuyin as a learning tool. The Zhuyin characters were created by Zhang Binglin, and taken mainly from regularised forms of ancient Chinese characters, the modern readings of which contain the sound that each letter represents. It is to be noted that the first consonants are articulated from the front of the mouth to the back, /b/, /p/, /m/, /f/, /d/, /t/, /n/, Zhuyin is written in the same stroke order rule as Chinese characters
27.
Cantonese
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Cantonese, or Standard Cantonese, is a variety of Chinese spoken in the city of Guangzhou in southeastern China. It is the prestige variety of Yue, one of the major subdivisions of Chinese. In mainland China, it is the lingua franca of the province of Guangdong and some neighbouring areas such as Guangxi. In Hong Kong and Macau, Cantonese serves as one of their official languages and it is also spoken amongst overseas Chinese in Southeast Asia and throughout the Western World. When Cantonese and the closely related Yuehai dialects are classified together, Cantonese is viewed as vital part of the cultural identity for its native speakers across large swathes of southeastern China, Hong Kong and Macau. Although Cantonese shares some vocabulary with Mandarin, the two varieties are mutually unintelligible because of differences in pronunciation, grammar and lexicon, sentence structure, in particular the placement of verbs, sometimes differs between the two varieties. This results in the situation in which a Cantonese and a Mandarin text may look similar, in English, the term Cantonese is ambiguous. Cantonese proper is the variety native to the city of Canton and this narrow sense may be specified as Canton language or Guangzhou language in English. However, Cantonese may also refer to the branch of Cantonese that contains Cantonese proper as well as Taishanese and Gaoyang. In this article, Cantonese is used for Cantonese proper, historically, speakers called this variety Canton speech or Guangzhou speech, although this term is now seldom used outside mainland China. In Guangdong province, people call it provincial capital speech or plain speech. In Hong Kong and Macau, as well as among overseas Chinese communities, in mainland China, the term Guangdong speech is also increasingly being used among both native and non-native speakers. Due to its status as a prestige dialect among all the dialects of the Cantonese or Yue branch of Chinese varieties, the official languages of Hong Kong are Chinese and English, as defined in the Hong Kong Basic Law. The Chinese language has different varieties, of which Cantonese is one. Given the traditional predominance of Cantonese within Hong Kong, it is the de facto official spoken form of the Chinese language used in the Hong Kong Government and all courts and it is also used as the medium of instruction in schools, alongside English. A similar situation exists in neighboring Macau, where Chinese is an official language along with Portuguese. As in Hong Kong, Cantonese is the predominant spoken variety of Chinese used in life and is thus the official form of Chinese used in the government. The variant spoken in Hong Kong and Macau is known as Hong Kong Cantonese, Cantonese first developed around the port city of Guangzhou in the Pearl River Delta region of southeastern China
28.
Jyutping
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Jyutping is a romanisation system for Cantonese developed by the Linguistic Society of Hong Kong, an academic group, in 1993. Its formal name is The Linguistic Society of Hong Kong Cantonese Romanisation Scheme, the LSHK promotes the use of this romanisation system. The name Jyutping is a contraction consisting of the first Chinese characters of the terms Jyut6jyu5, only the finals m and ng can be used as standalone nasal syllables. ^ ^ ^ Referring to the pronunciation of these words. There are nine tones in six distinct tone contours in Cantonese, however, as three of the nine are entering tones, which only appear in syllables ending with p, t, and k, they do not have separate tone numbers in Jyutping. Jyutping and the Yale Romanisation of Cantonese represent Cantonese pronunciations with the letters in, The initials, b, p, m, f, d, t, n, l, g, k, ng, h, s, gw, kw. The vowel, aa, a, e, i, o, u, the coda, i, u, m, n, ng, p, t, k. But they differ in the following, The vowels eo and oe represent /ɵ/ and /œː/ respectively in Jyutping, the initial j represents /j/ in Jyutping whereas y is used instead in Yale. The initial z represents /ts/ in Jyutping whereas j is used instead in Yale, the initial c represents /tsʰ/ in Jyutping whereas ch is used instead in Yale. In Jyutping, if no consonant precedes the vowel yu, then the initial j is appended before the vowel, in Yale, the corresponding initial y is never appended before yu under any circumstances. Jyutping defines three finals not in Yale, eu /ɛːu/, em /ɛːm/, and ep /ɛːp/ and these three finals are used in colloquial Cantonese words, such as deu6, lem2, and gep6. To represent tones, only tone numbers are used in Jyutping whereas Yale traditionally uses tone marks together with the letter h. Jyutping and Cantonese Pinyin represent Cantonese pronunciations with the letters in, The initials, b, p, m, f, d, t, n, l, g, k, ng, h, s, gw, kw. The vowel, aa, a, e, i, o, u, the coda, i, u, m, n, ng, p, t, k. But they have differences, The vowel oe represents both /ɵ/ and /œː/ in Cantonese Pinyin whereas eo and oe represent /ɵ/ and /œː/ respectively in Jyutping. The vowel y represents /y/ in Cantonese Pinyin whereas both yu and i are used in Jyutping, the initial dz represents /ts/ in Cantonese Pinyin whereas z is used instead in Jyutping. The initial ts represents /tsʰ/ in Cantonese Pinyin whereas c is used instead in Jyutping. To represent tones, the numbers 1 to 9 are usually used in Cantonese Pinyin, however, only the numbers 1 to 6 are used in Jyutping
29.
Silver coin
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Silver coins are possibly the oldest mass-produced form of coinage. Silver has been used as a coinage metal since the times of the Greeks, the ancient Persians used silver coins between 612-330 BC. Before 1797, British pennies were made of silver, as with all collectible coins, many factors determine the value of a silver coin, such as its rarity, demand, condition and the number originally minted. Ancient silver coins coveted by collectors include the Denarius and Miliarense, while more recent collectible silver coins include the Morgan Dollar, other than collectors silver coins, silver bullion coins are popular among people who desire a hedge against currency inflation or store of value. Silver has a currency symbol of XAG under ISO4217. The earliest coins of the world were minted in the kingdom of Lydia in Asia Minor around 600 BC. The coins of Lydia were made of electrum, which is a naturally occurring alloy of gold and silver, the concept of coinage, i. e. stamped lumps of metal of a specified weight, quickly spread to adjacent regions, such as Aegina. In these neighbouring regions, inhabited by Greeks, coins were made of silver. As Greek merchants traded with Greek communities throughout the Mediterranean Sea and these early Greek silver coins were denominated in staters or drachmas and its fractions. More or less simultaneously with the development of the Lydian and Greek coinages, the Chinese coins, however, were a different concept and they were made of bronze. The coins of the Greeks were issued by a number of city states. The coinage systems were not entirely the same from one place to another, however, the so-called Attic standard, Corinthian standard, Aiginetic standard and other standards defined the proper weight of each coin. Each of these standards were used in places throughout the Mediterranean region. In the 4th century BC, the Kingdom of Macedonia came to dominate the Greek world, the most powerful of their kings, Alexander the Great eventually launched an attack on the Kingdom of Persia, defeating and conquering it. Greek coins were now issued by kings, and only to an extent by cities. Greek rulers were now minting coins as far away as Egypt, the tetradrachm was a popular coin throughout the region. This era is referred to as the hellenistic era, while much of the Greek world was being transformed into monarchies, the Romans were expanding their control throughout the Italian Peninsula. The Romans minted their first coins during the early 3rd century BC, the earliest coins were - like other coins in the region - silver drachms with a supplementary bronze coinage
30.
Abbreviation
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An abbreviation is a shortened form of a word or phrase. It consists of a group of letters taken from the word or phrase, a contraction is an abbreviation, but an abbreviation is not necessarily a contraction. Acronyms and initialisms are regarded as subsets of abbreviations and they are abbreviations that consist of the initial letters or parts of words. Abbreviations have a history, created so that spelling out a whole word could be avoided. This might be done to time and space, and also to provide secrecy. Shortened words were used and initial letters were used to represent words in specific applications. In classical Greece and Rome, the reduction of words to single letters was common, in Roman inscriptions, Words were commonly abbreviated by using the initial letter or letters of words, and most inscriptions have at least one abbreviation. However, some could have more than one meaning, depending on their context, Abbreviations in English were frequently used from its earliest days. Manuscripts of copies of the old English poem Beowulf used many abbreviations, for example 7 or & for and, the standardisation of English in the 15th through 17th centuries included such a growth in the use of abbreviations. At first, abbreviations were sometimes represented with various suspension signs, for example, sequences like ‹er› were replaced with ‹ɔ›, as in ‹mastɔ› for master and ‹exacɔbate› for exacerbate. While this may seem trivial, it was symptomatic of an attempt by people manually reproducing academic texts to reduce the copy time, an example from the Oxford University Register,1503, Mastɔ subwardenɔ y ɔmēde me to you. And wherɔ y wrot to you the last wyke that y trouyde itt good to differrɔ thelectionɔ ovɔ to quīdenaɔ tinitatis y have be thougħt me synɔ that itt woll be thenɔ a bowte mydsomɔ. The Early Modern English period, between the 15th and 17th centuries, had abbreviations like ye for Þe, used for the word the, hence, by later misunderstanding, during the growth of philological linguistic theory in academic Britain, abbreviating became very fashionable. The use of abbreviation for the names of J. R. R. Tolkien and his friend C. S. Lewis, but before that, many Britons were more scrupulous at maintaining the French form. In French, the period follows a abbreviation if the last letter in the abbreviation is not the last letter of its antecedent. Like many other cross-channel linguistic acquisitions, many Britons readily took this up and followed this rule themselves, while the Americans took a simpler rule and applied it rigorously. Over the years, however, the lack of convention in some style guides has made it difficult to determine which two-word abbreviations should be abbreviated with periods and which should not. The U. S. media tend to use periods in two-word abbreviations like United States, many British publications have gradually done away with the use of periods in abbreviations
31.
Currency
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A currency in the most specific use of the word refers to money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins. A more general definition is that a currency is a system of money in common use, under this definition, US dollars, British pounds, Australian dollars, and European euros are examples of currency. These various currencies are recognized stores of value and are traded between nations in exchange markets, which determine the relative values of the different currencies. Currencies in this sense are defined by governments, and each type has limited boundaries of acceptance, other definitions of the term currency are discussed in their respective synonymous articles banknote, coin, and money. The latter definition, pertaining to the systems of nations, is the topic of this article. Currencies can be classified into two systems, fiat money and commodity money, depending on what guarantees the value. Some currencies are legal tender in certain jurisdictions, which means they cannot be refused as payment for debt. Others are simply traded for their economic value, digital currency has arisen with the popularity of computers and the Internet. Currency evolved from two basic innovations, both of which had occurred by 2000 BC, originally money was a form of receipt, representing grain stored in temple granaries in Sumer in ancient Mesopotamia, then Ancient Egypt. In this first stage of currency, metals were used as symbols to represent value stored in the form of commodities and this formed the basis of trade in the Fertile Crescent for over 1500 years. Trade could only reach as far as the credibility of that military and it is not known what was used as a currency for these exchanges, but it is thought that ox-hide shaped ingots of copper, produced in Cyprus, may have functioned as a currency. It is thought that the increase in piracy and raiding associated with the Bronze Age collapse, possibly produced by the Peoples of the Sea, brought the trading system of oxhide ingots to an end. In Africa, many forms of value store have been used, including beads, ingots, ivory, various forms of weapons, livestock, the manilla currency, the manilla rings of West Africa were one of the currencies used from the 15th century onwards to sell slaves. African currency is still notable for its variety, and in many various forms of barter still apply. These factors led to the metal itself being the store of value, first silver, now we have copper coins and other non-precious metals as coins. Metals were mined, weighed, and stamped into coins and this was to assure the individual taking the coin that he was getting a certain known weight of precious metal. Coins could be counterfeited, but they created a new unit of account. Most major economies using coinage had several tiers of coins, using a mix of copper, silver, gold coins were used for large purchases, payment of the military and backing of state activities, they were more often used as measures of account than physical coins
32.
Yuan (currency)
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The yuan is the base unit of a number of former and present-day Chinese currencies, and usually refers to the primary unit of account of the renminbi, the currency of the Peoples Republic of China. It is also used as a synonym of that currency, especially in international contexts – the ISO4217 standard code for renminbi is CNY, a yuan is also known colloquially as a kuai. One yuan is divided into 10 jiao or colloquially mao, one jiao is divided into 10 fen. When used in English in the context of the foreign exchange market, the Chinese yuan refers to the renminbi. Having been in use for at least 2000 years, the yuan was probably the first decimal currency system and it is also considered the first to use metal coins and bank notes. In Standard Chinese, yuán literally means an object or round coin. During the Qing Dynasty, the yuan was a coin made of silver. In informal contexts, the word is written with the simplified Chinese character 元, in formal contexts it is written with the simplified character 圆 or with the traditional version 圓, both meaning round, after the shape of the coins. These are all pronounced yuán in modern Standard Chinese, but were originally pronounced differently, in the Peoples Republic of China, ￥ or RMB is often prefixed to the amount to indicate that the currency is the renminbi. In many parts of China, the unit of renminbi is sometimes colloquially called kuài rather than yuán, in Cantonese, widely spoken in Guangdong, Guangxi, Hong Kong and Macau, the yuan, jiao, and fen are called mān, hòuh, and sīn, respectively. Sīn is a word from the English cent. The traditional character 圓 is also used to denote the Hong Kong dollar, the Macanese pataca, however, they do not share the same names for the subdivisions. The New Taiwan dollar is referred to in Standard Chinese as yuán. The names of the Korean and Japanese currency units, won and yen respectively, are cognates of Mandarin yuán, also meaning round in the Korean and Japanese languages. The Japanese yen was also written with the kanji character 圓. The Korean won used to be written with the hanja character 圜 from 1902 to 1910 and it is now written as 원 in Hangul exclusively, in both North and South Korea. It was subdivided into 1000 cash,100 cents or fen and it replaced copper cash and various silver ingots called sycees. The sycees were denominated in tael, the yuan was valued at 0.72 tael
33.
Chinese language
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Chinese is a group of related, but in many cases mutually unintelligible, language varieties, forming a branch of the Sino-Tibetan language family. Chinese is spoken by the Han majority and many ethnic groups in China. Nearly 1.2 billion people speak some form of Chinese as their first language, the varieties of Chinese are usually described by native speakers as dialects of a single Chinese language, but linguists note that they are as diverse as a language family. The internal diversity of Chinese has been likened to that of the Romance languages, There are between 7 and 13 main regional groups of Chinese, of which the most spoken by far is Mandarin, followed by Wu, Min, and Yue. Most of these groups are mutually unintelligible, although some, like Xiang and certain Southwest Mandarin dialects, may share common terms, all varieties of Chinese are tonal and analytic. Standard Chinese is a form of spoken Chinese based on the Beijing dialect of Mandarin. It is the language of China and Taiwan, as well as one of four official languages of Singapore. It is one of the six languages of the United Nations. The written form of the language, based on the logograms known as Chinese characters, is shared by literate speakers of otherwise unintelligible dialects. Of the other varieties of Chinese, Cantonese is the spoken language and official in Hong Kong and Macau. It is also influential in Guangdong province and much of Guangxi, dialects of Southern Min, part of the Min group, are widely spoken in southern Fujian, with notable variants also spoken in neighboring Taiwan and in Southeast Asia. Hakka also has a diaspora in Taiwan and southeast Asia. Shanghainese and other Wu varieties are prominent in the lower Yangtze region of eastern China, Chinese can be traced back to a hypothetical Sino-Tibetan proto-language. The first written records appeared over 3,000 years ago during the Shang dynasty, as the language evolved over this period, the various local varieties became mutually unintelligible. In reaction, central governments have sought to promulgate a unified standard. Difficulties have included the great diversity of the languages, the lack of inflection in many of them, in addition, many of the smaller languages are spoken in mountainous areas that are difficult to reach, and are often also sensitive border zones. Without a secure reconstruction of proto-Sino-Tibetan, the structure of the family remains unclear. A top-level branching into Chinese and Tibeto-Burman languages is often assumed, the earliest examples of Chinese are divinatory inscriptions on oracle bones from around 1250 BCE in the late Shang dynasty
34.
Pound sterling
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It is subdivided into 100 pence. A number of nations that do not use sterling also have called the pound. At various times, the sterling was commodity money or bank notes backed by silver or gold. The pound sterling is the worlds oldest currency still in use, the British Crown dependencies of Guernsey and Jersey produce their own local issues of sterling, the Guernsey pound and the Jersey pound. The pound sterling is also used in the Isle of Man, Gibraltar, the Bank of England is the central bank for the pound sterling, issuing its own coins and banknotes, and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Sterling is the fourth most-traded currency in the exchange market, after the United States dollar, the euro. Together with those three currencies it forms the basket of currencies which calculate the value of IMF special drawing rights, Sterling is also the third most-held reserve currency in global reserves. The full, official name, pound sterling, is used mainly in formal contexts, otherwise the term pound is normally used. The abbreviations ster. or stg. are sometimes used, the term British pound is commonly used in less formal contexts, although it is not an official name of the currency. The pound sterling is also referred to as cable amongst forex traders, the origins of this term are attributed to the fact that in the 1800s, the dollar/pound sterling exchange rate was transmitted via transatlantic cable. Forex brokers are sometimes referred to as cable dealers, as another established source notes, the compound expression was then derived, silver coins known as sterlings were issued in the Saxon kingdoms,240 of them being minted from a pound of silver. Hence, large payments came to be reckoned in pounds of sterlings, in 1260, Henry III granted them a charter of protection. And because the Leagues money was not frequently debased like that of England, English traders stipulated to be paid in pounds of the Easterlings, and land for their Kontor, the Steelyard of London, which by the 1340s was also called Easterlings Hall, or Esterlingeshalle. For further discussion of the etymology of sterling, see sterling silver, the currency sign for the pound sign is £, which is usually written with a single cross-bar, though a version with a double cross-bar is also sometimes seen. The ISO4217 currency code is GBP, occasionally, the abbreviation UKP is used but this is non-standard because the ISO3166 country code for the United Kingdom is GB. The Crown dependencies use their own codes, GGP, JEP, stocks are often 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, since decimalisation in 1971, the pound has been divided into 100 pence. The symbol for the penny is p, hence an amount such as 50p properly pronounced fifty pence is more colloquially, quite often, pronounced fifty pee /fɪfti, pi and this also helped to distinguish between new and old pence amounts during the changeover to the decimal system
35.
United States dollar
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The United States dollar is the official currency of the United States and its insular territories per the United States Constitution. It is divided into 100 smaller cent units, the circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars. The U. S. dollar was originally commodity money of silver as enacted by the Coinage Act of 1792 which determined the dollar to be 371 4/16 grain pure or 416 grain standard silver, the currency most used in international transactions, it is the worlds primary reserve currency. Several countries use it as their currency, and in many others it is the de facto currency. Besides the United States, it is used as the sole currency in two British Overseas Territories in the Caribbean, the British Virgin Islands and Turks and Caicos Islands. A few countries use the Federal Reserve Notes for paper money, while the country mints its own coins, or also accepts U. S. coins that can be used as payment in U. S. dollars. After Nixon shock of 1971, USD became fiat currency, Article I, Section 8 of the U. S. Constitution provides that the Congress has the power To coin money, laws implementing this power are currently codified at 31 U. S. C. Section 5112 prescribes the forms in which the United States dollars should be issued and these coins are both designated in Section 5112 as legal tender in payment of debts. The Sacagawea dollar is one example of the copper alloy dollar, the pure silver dollar is known as the American Silver Eagle. Section 5112 also provides for the minting and issuance of other coins and these other coins are more fully described in Coins of the United States dollar. The Constitution provides that a regular Statement and Account of the Receipts and that provision of the Constitution is made specific by Section 331 of Title 31 of the United States Code. The sums of money reported in the Statements are currently being expressed in U. S. dollars, the U. S. dollar may therefore be described as the unit of account of the United States. The word dollar is one of the words in the first paragraph of Section 9 of Article I of the Constitution, there, dollars is a reference to the Spanish milled dollar, a coin that had a monetary value of 8 Spanish units of currency, or reales. In 1792 the U. S. Congress passed a Coinage Act, Section 20 of the act provided, That the money of account of the United States shall be expressed in dollars, or units. And that all accounts in the offices and all proceedings in the courts of the United States shall be kept and had in conformity to this regulation. In other words, this act designated the United States dollar as the unit of currency of the United States, unlike the Spanish milled dollar the U. S. dollar is based upon a decimal system of values. Both one-dollar coins and notes are produced today, although the form is significantly more common
36.
Competition (companies)
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Empirical observation confirms that resources and talent tend to concentrate geographically. The process of “clusterization, ” the creation of “value chains, within capitalist economic systems, the drive of enterprises is to maintain and improve their own competitiveness, this practically pertains to business sectors. Economic Competitiveness is a concept that emerged in trade and policy discussions in the last decades of the 20th century. In this way, even without protectionism, their goods are able to compete successfully against foreign products both in domestic markets and in foreign markets. Trade Policy can be used to establish unilaterally and multilaterally negotiated rule of law agreements protecting fair and open global markets. These incentives include export promotion efforts and export financing—including financing programs that allow small and they further argue that protectionism is often a temporary fix to larger, underlying problems, the declining efficiency and quality of domestic manufacturing. They advocated policies for the adjustment of American industries and workers impacted by globalization, specialization, lower wages, and lower energy costs allowed developing nations entering the global market to export high quantities of low cost goods to the United States. Simultaneously, domestic anti-inflationary measures led to a 65% increase in the value of the US dollar in the early 1980s. The stronger dollar acted in effect as an equal percent tax on American exports, American producers, particularly manufacturers, struggled to compete both overseas and in the US marketplace, prompting calls for new legislation to protect domestic industries. In addition, the recession of 1979-82 did not exhibit the traits of a typical cycle of imports. Due to the dollar exchange rate, importers still found a favorable market in the United States despite the recession. As a result, imports continued to increase in the period and further increased in the recovery period, leading to an all-time high trade deficit. The manufacturing sector was most heavily impacted by the dollar value. In 1984, the sector faced import penetration rates of 25%. The “super dollar” resulted in unusually high imports of manufactured goods at suppressed prices, added to these pressures was the import injury inflicted by low cost, sometimes more efficient foreign producers, whose prices were further suppressed in the American market by the high dollar. The 1984 Trade Act developed new provisions for adjustment assistance, or assistance for industries that are damaged by a combination of imports and a changing industry environment. It maintained that as a requirement for receiving relief, the industry would be required to implement measures to overcome other factors. The act built on the provisions of the Trade Act of 1974 and worked to expand, rather than limit, the Act also made significant updates to the remedies and processes for settling domestic trade disputes
37.
Purchasing power parity
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Observed deviations of the exchange rate from purchasing power parity are measured by deviations of the real exchange rate from its PPP value of 1. PPP exchange rates help to minimize misleading international comparisons that can arise with the use of exchange rates. For example, suppose that two countries produce the same amounts of goods as each other in each of two different years. But if one countrys GDP is converted into the countrys currency using PPP exchange rates instead of observed market exchange rates. The idea originated with the School of Salamanca in the 16th century, the best-known purchasing power adjustment is the Geary–Khamis dollar. The real exchange rate is equal to the nominal exchange rate. If purchasing power parity held exactly, then the exchange rate would always equal one. However, in practice the exchange rates exhibit both short run and long run deviations from this value, for example due to reasons illuminated in the Balassa–Samuelson theorem. There can be marked differences between purchasing power adjusted incomes and those converted via market exchange rates. This discrepancy has large implications, for instance, when converted via the exchange rates GDP per capita in India is about US$1,965 while on a PPP basis it is about US$7,197. At the other extreme, Denmarks nominal GDP per capita is around US$62,100, the purchasing power parity exchange rate serves two main functions. PPP exchange rates can be useful for making comparisons between countries because they stay fairly constant from day to day or week to week and only change modestly, if at all, from year to year. The PPP exchange-rate calculation is controversial because of the difficulties of finding comparable baskets of goods to compare purchasing power across countries, people in different countries typically consume different baskets of goods. It is necessary to compare the cost of baskets of goods and this is a difficult task because purchasing patterns and even the goods available to purchase differ across countries. Thus, it is necessary to make adjustments for differences in the quality of goods, furthermore, the basket of goods representative of one economy will vary from that of another, Americans eat more bread, Chinese more rice. Hence a PPP calculated using the US consumption as a base will differ from that calculated using China as a base, additional statistical difficulties arise with multilateral comparisons when more than two countries are to be compared. Various ways of averaging bilateral PPPs can provide a stable multilateral comparison. These are all issues of indexing, as with other price indices there is no way to reduce complexity to a single number that is equally satisfying for all purposes
China (mainland)
Hong Kong (some stores)
Macau
Mongolia[1]
North Korea[1]
Myanmar (in Kokang, Wa and Mandalay)
Vietnam (border area)
Zimbabwe[2][3].svg)
United States dollar
Euro
Japanese yen
Pound sterling
Australian dollar
Canadian dollar
Swiss franc
Swedish krona
New Zealand dollar
Mexican peso
Singapore dollar
Norwegian krone
South Korean won
Turkish lira
Russian ruble
Indian rupee
Brazilian real
South African rand
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