1.
Russian language
–
Russian is an East Slavic language and an official language in Russia, Belarus, Kazakhstan, Kyrgyzstan and many minor or unrecognised territories. Russian belongs to the family of Indo-European languages and is one of the four living members of the East Slavic languages, written examples of Old East Slavonic are attested from the 10th century and beyond. It is the most geographically widespread language of Eurasia and the most widely spoken of the Slavic languages and it is also the largest native language in Europe, with 144 million native speakers in Russia, Ukraine and Belarus. Russian is the eighth most spoken language in the world by number of native speakers, the language is one of the six official languages of the United Nations. Russian is also the second most widespread language on the Internet after English, Russian distinguishes between consonant phonemes with palatal secondary articulation and those without, the so-called soft and hard sounds. This distinction is found between pairs of almost all consonants and is one of the most distinguishing features of the language, another important aspect is the reduction of unstressed vowels. Russian is a Slavic language of the Indo-European family and it is a lineal descendant of the language used in Kievan Rus. From the point of view of the language, its closest relatives are Ukrainian, Belarusian, and Rusyn. An East Slavic Old Novgorod dialect, although vanished during the 15th or 16th century, is considered to have played a significant role in the formation of modern Russian. In the 19th century, the language was often called Great Russian to distinguish it from Belarusian, then called White Russian and Ukrainian, however, the East Slavic forms have tended to be used exclusively in the various dialects that are experiencing a rapid decline. In some cases, both the East Slavic and the Church Slavonic forms are in use, with different meanings. For details, see Russian phonology and History of the Russian language and it is also regarded by the United States Intelligence Community as a hard target language, due to both its difficulty to master for English speakers and its critical role in American world policy. The standard form of Russian is generally regarded as the modern Russian literary language, mikhail Lomonosov first compiled a normalizing grammar book in 1755, in 1783 the Russian Academys first explanatory Russian dictionary appeared. By the mid-20th century, such dialects were forced out with the introduction of the education system that was established by the Soviet government. Despite the formalization of Standard Russian, some nonstandard dialectal features are observed in colloquial speech. Thus, the Russian language is the 6th largest in the world by number of speakers, after English, Mandarin, Hindi/Urdu, Spanish, Russian is one of the six official languages of the United Nations. Education in Russian is still a choice for both Russian as a second language and native speakers in Russia as well as many of the former Soviet republics. Russian is still seen as an important language for children to learn in most of the former Soviet republics, samuel P. Huntington wrote in the Clash of Civilizations, During the heyday of the Soviet Union, Russian was the lingua franca from Prague to Hanoi
Russian language
–
Russian language street sign in
Russia.
Russian language
–
Russian minimarket in
Limassol, Cyprus; translation: "Teremok market. Russian goods. Phone number: 96 74 19 63"
Russian language
–
This page from an "ABC" book printed in Moscow in 1694 shows the letter
П.
Russian language
–
The
Ostromir Gospels of 1056 is the second oldest
East Slavic book known, one of many medieval
illuminated manuscripts preserved in the
Russian National Library.
2.
ISO 4217
–
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
ISO 4217
–
An
airline ticket showing the price in the ISO 4217 code "
EUR " (bottom left) and not the
currency sign €
ISO 4217
–
A list of exchange rates for various base currencies given by a
money changer in Thailand, with the Thailand Baht as the counter (or quote) currency.
3.
Slavic languages
–
The Slavic languages are the Indo-European languages native to the Slavic peoples, originally from Eastern Europe. The Slavic languages are divided intro three subgroups, East, West, and South, which constitute more than twenty languages. Furthermore, the diasporas of many Slavic peoples have established isolated minorities of speakers of their languages all over the world, the number of speakers of all Slavic languages together is estimated to be 315 million. The Old Novgorod dialect may have reflected some idiosyncrasies of this group, mutual intelligibility also plays a role in determining the West, East, and South branches. Speakers of languages within the branch will in most cases be able to understand each other at least partially. The tripartite division of the Slavic languages does not take account the spoken dialects of each language. For example, Slovak and Ukrainian are bridged by the Rusyn of Eastern Slovakia, similarly, Polish shares transitional features with both western Ukrainian and Belarusian dialects. The Croatian Kajkavian dialect is similar to Slovene than to the standard Croatian language. Within the individual Slavic languages, dialects may vary to a degree, as those of Russian, or to a much greater degree. The secession of the Balto-Slavic dialect ancestral to Proto-Slavic is estimated on archaeological and glottochronological criteria to have occurred sometime in the period 1500–1000 BCE, the imposition of Church Slavonic on Orthodox Slavs was often at the expense of the vernacular. The use of such media hampered the development of the languages for literary purposes. Lockwood also notes that these languages have enriched themselves by drawing on Church Slavonic for the vocabulary of abstract concepts, the situation in the Catholic countries, where Latin was more important, was different. The Polish Renaissance poet Jan Kochanowski and the Croatian Baroque writers of the 16th century all wrote in their respective vernaculars, although Church Slavonic hampered vernacular literatures, it fostered Slavonic literary activity and abetted linguistic independence from external influences. Only the Croatian vernacular literary tradition nearly matches Church Slavonic in age, the most important early monument of Croatian literacy is the Baška tablet from the late 11th century. It is a stone tablet found in the small Church of St. Lucy, Jurandvor on the Croatian island of Krk. The independence of Dubrovnik facilitated the continuity of the tradition, more recent foreign influences follow the same general pattern in Slavic languages as elsewhere and are governed by the political relationships of the Slavs. In the 17th century, bourgeois Russian absorbed German words through direct contacts between Russians and communities of German settlers in Russia, in the 19th century, Russian influenced most literary Slavic languages by one means or another. The Proto-Slavic language existed until around AD500, by the 7th century, it had broken apart into large dialectal zones
Slavic languages
–
Baška tablet, 11th century,
Krk,
Croatia.
Slavic languages
–
Countries where an
East Slavic language is the national language
Slavic languages
–
14th-century
Novgorodian children were literate enough to send each other
letters written on birch bark.
Slavic languages
–
10th–11th century
Codex Zographensis, canonical monument of Old Church Slavonic.
4.
Currency symbol
–
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
Currency symbol
–
Official dimensions of the
euro sign
5.
Russia
–
Russia, also officially the Russian Federation, is a country in Eurasia. The European western part of the country is more populated and urbanised than the eastern. Russias capital Moscow is one of the largest cities in the world, other urban centers include Saint Petersburg, Novosibirsk, Yekaterinburg, Nizhny Novgorod. Extending across the entirety of Northern Asia and much of Eastern Europe, Russia spans eleven time zones and incorporates a range of environments. It shares maritime borders with Japan by the Sea of Okhotsk, the East Slavs emerged as a recognizable group in Europe between the 3rd and 8th centuries AD. Founded and ruled by a Varangian warrior elite and their descendants, in 988 it adopted Orthodox Christianity from the Byzantine Empire, beginning the synthesis of Byzantine and Slavic cultures that defined Russian culture for the next millennium. Rus ultimately disintegrated into a number of states, most of the Rus lands were overrun by the Mongol invasion. The Soviet Union played a role in the Allied victory in World War II. The Soviet era saw some of the most significant technological achievements of the 20th century, including the worlds first human-made satellite and the launching of the first humans in space. By the end of 1990, the Soviet Union had the second largest economy, largest standing military in the world. It is governed as a federal semi-presidential republic, the Russian economy ranks as the twelfth largest by nominal GDP and sixth largest by purchasing power parity in 2015. Russias extensive mineral and energy resources are the largest such reserves in the world, making it one of the producers of oil. The country is one of the five recognized nuclear weapons states and possesses the largest stockpile of weapons of mass destruction, Russia is a great power as well as a regional power and has been characterised as a potential superpower. The name Russia is derived from Rus, a state populated mostly by the East Slavs. However, this name became more prominent in the later history, and the country typically was called by its inhabitants Русская Земля. In order to distinguish this state from other states derived from it, it is denoted as Kievan Rus by modern historiography, an old Latin version of the name Rus was Ruthenia, mostly applied to the western and southern regions of Rus that were adjacent to Catholic Europe. The current name of the country, Россия, comes from the Byzantine Greek designation of the Kievan Rus, the standard way to refer to citizens of Russia is Russians in English and rossiyane in Russian. There are two Russian words which are translated into English as Russians
Russia
–
Kievan Rus' in the 11th century
Russia
–
Flag
Russia
–
The
Baptism of Kievans, by
Klavdy Lebedev
Russia
–
Sergius of Radonezh blessing
Dmitry Donskoy in
Trinity Sergius Lavra, before the
Battle of Kulikovo, depicted in a painting by
Ernst Lissner
6.
Abkhazia
–
Abkhazia is a partially recognised state on the eastern coast of the Black Sea and the south-western flank of the Caucasus Mountains, south of Russia and northwest of Georgia proper. It covers 8,660 square kilometres and has a population of around 240,000, the separatist Abkhazian polity, formally the Republic of Abkhazia or Apsny, is recognised only by Russia and a small number of other countries. The status of Abkhazia is an issue of the Georgian–Abkhazian conflict. The region enjoyed autonomy within Soviet Georgia at the time when the Soviet Union began to disintegrate in the late 1980s, despite the 1994 ceasefire agreement and years of negotiations, the dispute remained unresolved. The long-term presence of a United Nations Observer Mission and a Russian-led Commonwealth of Independent States peacekeeping force failed to prevent the flare-up of violence on several occasions. On 28 August 2008, the Parliament of Georgia declared Abkhazia a Russian-occupied territory, the Abkhazians call their homeland Аҧсны, popularly etymologised as a land/country of the soul, yet literally meaning a country of mortals. It possibly first appeared in the century in an Armenian text as Psin. The state is designated as the Republic of Abkhazia or Apsny. The Russian Абхазия is adapted from the Georgian აფხაზეთი, in Mingrelian, Abkhazia is known as აბჟუა or სააფხაზო. Between the 9th and 6th centuries BC, the territory of modern Abkhazia was part of the ancient Georgian kingdom of Colchis and this kingdom was subsequently absorbed in 63 BC into the Kingdom of Egrisi, known to Byzantine Roman sources as Lazica. Classical authors described various peoples living in the region and the multitude of languages they spoke. Arrian, Pliny and Strabo have given accounts of the Abasgoi and Moschoi peoples somewhere in modern Abkhazia on the shore of the Black Sea. Around the mid 6th century AD, the Byzantines and the neighbouring Sassanid Persia fought for supremacy over Abkhazia for 20 years, Abkhazia, or Abasgia in classic sources, formerly part of Colchis and later of Egrisi until the late 690s, was a princedom under Byzantine authority. The country was mostly Christian, with the seat in Pityus. An Arab incursion into Abkhazia led by Marwan II, was repelled by Leon I jointly with his Egrisian and Kartlian allies in 736, after acquiring Egrisi via a dynastic union in the 780s the Kingdom of Abkhazia was established and became a dominant power in western Caucasus. During this period the Georgian language replaced Greek as the language of literacy, the western Georgian kingdom flourished between 850 and 950 when it annexed significant parts of central Georgia. In the 16th century, after the break-up of the Georgian Kingdom into small kingdoms and principalities, since the 1570s, when the Ottoman navy occupied the fort of Tskhumi, Abkhazia came under the influence of the Ottoman Empire and Islam. Under Ottoman rule, the majority of Abkhaz elite converted to Islam, the principality retained a degree of autonomy
Abkhazia
–
Abkhazia in 1899. Abkhazia was administered as Sukhumi District of
Kutaisi Governorate when it was part of the
Russian Empire.
Abkhazia
–
Flag
Abkhazia
–
Abkhaz and Georgian generals in the
Imperial Russian Army, 19th century
Abkhazia
–
The 12th anniversary of ethnic cleansing in Abkhazia which was held in Tbilisi in 2005. One of the visitors of the gallery recognised her dead son on the photograph.
7.
South Ossetia
–
It has a population of 53,000 people which live in an area of 3,900 km2, south of the Russian Caucasus, with 30,000 living in its capital city of Tskhinvali. South Ossetia declared independence from the Georgian Soviet Socialist Republic in 1991, the Georgian government responded by abolishing South Ossetias autonomy and trying to re-establish its control over the region by force. The crisis escalation led to the 1991–92 South Ossetia War, Georgian fighting against those controlling South Ossetia occurred on two other occasions, in 2004 and 2008. The latter conflict led to the Russo–Georgian War, during which Ossetian and Russian forces gained full de facto control of the territory of the former South Ossetian Autonomous Oblast. In the wake of the 2008 war, Russia, followed by Nicaragua, Venezuela, Georgia and a significant part of the international community consider South Ossetia to be occupied by the Russian military. South Ossetia relies heavily on military, political and financial aid from Russia, Russia does not allow European Union Monitoring Mission monitors to enter South Ossetia. South Ossetia, Transnistria, Nagorno-Karabakh, and Abkhazia are sometimes referred to as post-Soviet frozen conflict zones, the Ossetians are believed to originate from the Alans, a Sarmatian Iranian tribe. In the 17th century, Ossetians started migration from the North Caucasus to Georgia, Ossetian peasants, who were migrating to the mountainous areas of the South Caucasus, often settled in the lands of Georgian feudal lords. The Georgian King of the Kingdom of Kartli permitted Ossetians to immigrate, in the 1770s there were more Ossetians living in Kartli than ever before. This period has been documented in the diaries of Johann Anton Güldenstädt who visited Georgia in 1772. The Baltic German explorer called modern North Ossetia simply Ossetia, while he wrote that Kartli was populated by Georgians, Güldenstädt also wrote that the northernmost border of Kartli is the Major Caucasus Ridge. The Georgian Kingdom of Kartli-Kakheti, part of which was the territory of modern South Ossetia, was annexed by the Russian Empire in 1801. Following the Russian revolution, the area of modern South Ossetia became part of the Democratic Republic of Georgia, although the Ossetians were initially discontented with the economic policies of the central government, the tension soon transformed into ethnic conflict. The first Ossetian rebellion began in February 1918, when three Georgian princes were killed and their land was seized by the Ossetians, the central government of Tiflis retaliated by sending the National Guard to the area. However, the Georgian unit retreated after they had engaged the Ossetians, Ossetian rebels then proceeded to occupy the town of Tskhinvali and began attacking ethnic Georgian civilian population. During uprisings in 1919 and 1920, the Ossetians were covertly supported by Soviet Russia, but even so, were defeated. Between 3,000 and 7,000 Ossetians were killed during the crushing of the 1920 uprising, according to Ossetian sources ensuing hunger, the drawing of administrative boundaries of the South Ossetian AO was quite a complicated process. Many Georgian villages were included within the South Ossetian AO despite numerous protests by the Georgian population, while the city of Tskhinvali did not have a majority Ossetian population, it was made the capital of the South Ossetian AO
South Ossetia
–
Historical Russian map of the Caucasus region at the beginning of the 19th century
South Ossetia
–
Flag
South Ossetia
–
Fragment of the historical map by
J. H. Colton. The map depicts Caucasus region in 1856. Modern South Ossetia is not labeled. Modern North Ossetia is labeled as "Ossia".
South Ossetia
–
Map of South Ossetia (November 2004).
8.
Central bank
–
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
Central bank
–
Public finance
Central bank
–
The old town hall in Amsterdam where the
Bank of Amsterdam was founded in 1609, painting by
Pieter Saenredam.
Central bank
–
The sealing of the Bank of England Charter (1694).
Central bank
–
The
Bank of England, established in 1694.
9.
Bank of Russia
–
Its functions are described in the Russian constitution and in the special Federal Law. The decision to create a State Bank of the Russian Empire was made by Emperor Peter III on May 1762, however, due to the coup on June 28,1762 and the murder of the Czar, the project was implemented. This ukaz also ratified the Statues of the bank, according to the Statute, it was a state-owned bank, intended for short-term credit of trade and industry. In early 1917 the Bank had 11 branches,133 permanent and 5 temporary offices and 42 agencies, on 7 November 1917 the Russian State Bank was disestablished and replaced by The Peoples Bank which existed until the establishment of the Soviet Gosbank. The Central Bank of the Russian Federation was established July 13,1990 as a result of the transformation of the Russian Republican Bank of the State Bank of the USSR and it was accountable to the Supreme Soviet of the RSFSR. In June 1991, the charter was adopted by the Bank of Russia, according to the constitution, it is an independent entity, with the primary responsibility of protecting the stability of the national currency, the ruble. It holds the right to issue ruble banknotes and coins through the Moscow and St. Petersburg mints. The central bank issues commemorative coins made of precious and non precious metals as well as investment ones made of precious metals, in 2010 in honor of its 150th anniversary it issued a 5-kilo commemorative gold coin Alexander II. Under Russian law, half of the profit must be channeled into the governments federal budget. The Central Bank of Russia is a member of the BIS, the Bank of Russia owns a 57. 58% stake in Sberbank, the countrys leading commercial bank. The Governor was appointed by the Emperor of Russia, the Chairman was appointed by the Premier of the Soviet Union. The President of the Board of Directors of the Central Bank is the head of the banking system of the Russian Federation. The Head is chosen by the President of Russia, and serves for four-year-terms after appointment, a Head may be appointed for several consecutive terms.5 points to 17 percent. This caused a run on the rouble, and on January 29, constitutional Economics and the Bank of Russia. Fordham Journal of Corporate and Financial Law
Bank of Russia
–
Headquarters
Bank of Russia
–
Central Bank of Russia logo
Bank of Russia
–
History
Bank of Russia
10.
Goznak
–
It incorporates 7 factories and 1 R&D institute involved in different stages of the development, research, manufacturing cycle. Goznak also controls mints, which manufacture circulation coins, orders, decorations and it also manufactures credit cards, banking cards, phone cards. Goznak not only prints Russian money, but also prints banknotes of foreign countries, including Lebanon, Yemen, Guatemala, Rwanda, Angola and others. In 1838, a Russian academician Moritz von Jacobi, employed at this Department, in the 1890s, an employee of the Department Ivan Orlov invented and developed a new printing method called Orlovs printing. Also, he built multicolor printing presses, which would serve as a prototype for modern multicolor printing presses, Orlovs machines were still in use in some countries in the 1970s. After the October Revolution of 1917, the Department of State Currency Production was reorganized and renamed Goznak. Although the initial scope of Goznak had been the production of notes, the production of coins was added to its field of operation in 1941. Goznak had its own All-union Research Institute in Moscow, in the 1920s, a Goznak employee and a prominent Soviet sculptor Ivan Shadr created the first samples of the Soviet money. Thus, all of the paper and printing factories and mints of the Goznak were equipped with the counting machines, after the revolution of 1917 the Saint-Petersburg Mint of Goznak was renamed into the Leningrad Mint. Its original name was returned in the 1990s, the Saint-Petersburg Paper Mill of Goznak was also called the Leningrad Paper Mill during the Soviet period. In 1997, Perm Printing Factory launched telecards for public telephones, during the first year of the new site more than one million cards were produced. The quality of cards is fully in line with the international standard, in 1999, the Moscow Mint, for the first time in the history of Russia won the tender for the manufacture of currency for India. In October 1999, they signed an agreement with India for the manufacture of copper-nickel coins two and five rupees, in 2006 the Association of the State Companies Goznak has been transformed into the Federal State Unitary Enterprise Goznak. Goznak includes 8 branches,2 Printing Factories,2 Paper Mills,2 Mints, Printing House, at the beginning of 2006, the Moscow Printing Factory of Goznak started with the personalization of the first ePassport. The personalization center is capable of processing of more than 5 million passports per year, on March 3,2008 Goznak has become a strategic enterprise of Russia
Goznak
–
One thousand rubles of 2000/2004
Goznak
–
FSUE Goznak
11.
Mint (coin)
–
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
Mint (coin)
–
A furnace for producing molten metal for coin production.
Mint (coin)
–
Boulton 1790 Anglesey halfpenny; the first coin struck by steam power in a collar to assure roundness
Mint (coin)
–
A trussell for use with a pile in producing hammered coins as shown by the moneyer at work.
Mint (coin)
–
A mill for inscribing or milling the edges of coin flans or planchets.
12.
Saint Petersburg Mint
–
Saint Petersburg Mint is one of the worlds largest mints. It was founded by Peter the Great in 1724 on the territory of Peter and Paul Fortress and it is a part of the Goznak State-owned corporation. К истории создания Банковского монетного двора // Хранитель Эрмитажа, Сборник воспоминаний и научных статей к 100-летию со дня рождения И
Saint Petersburg Mint
–
Saint Petersburg Mint Building (architect Antonio Porto, 1798—1806). Central
risalit
13.
Monetary inflation
–
Monetary inflation is a sustained increase in the money supply of a country. There is general agreement among economists that there is a relationship between monetary inflation and price inflation. But there is neither a common view about the exact mechanisms and relationships. This relationship is constantly changing, within a larger complex economic system. Thus there are different views on what could be the best targets, however, there is a general consensus on the importance and responsibility of central banks and monetary authorities in setting public expectations of price inflation and in trying to control it. Keynesian economists believe the bank can sufficiently assess the detailed economic variables and circumstances in real time in order to control monetary policy in detail. These economists favor monetary policies that attempt to out the ups and downs of business cycles. Followers of the monetarist school think that Keynesian style monetary policies produce a lot of overshooting, time-lag errors and other unwanted effects, sometimes making things even worse. They doubt the central banks capacity to analyse economic problems in time and its ability to influence the economy with correct timing. So monetarists advocate less intrusive and complex monetary policies, like inflation targeting or a constant growth rate of money supply. Some followers of Austrian School economics advocate either the return to free markets in money, called free banking, or a 100% gold standard, currently, most central banks follow a monetarist or Keynesian approach, or more often a mix of both. There is a trend of central banks towards the monetarist approach, the mechanisms by which excess money might be translated into inflation are examined below. Individuals can also spend their excess money balances directly on goods and this has a direct impact on inflation by raising aggregate demand. Also, the increase in the demand for labour resulting from higher demands for goods and services will cause a rise in money wages, the more inelastic the aggregate supply in the economy, the greater the impact on inflation. The increase in demand for goods and services may cause a rise in imports, although this leakage from the domestic economy reduces the money supply, it also increases the supply of money on the foreign exchange market thus applying downward pressure on the exchange rate. However, under modern-day monetary systems, the supply of money is largely determined endogenously, but exogenous factors like government surpluses and deficits play a role and allow government to set inflation targets. Given that all major economies currently have a central bank supporting the private banking system, Austrian economists believe that credit growth propagates business cycles
Monetary inflation
–
World GDP (PPP) per capita by country (2014)
14.
Consumer price index
–
A consumer price index measures changes in the price level of market basket of consumer goods and services purchased by households. The CPI is a statistical estimate constructed using the prices of a sample of items whose prices are collected periodically. It is one of several price indices calculated by most national statistical agencies, the annual percentage change in a CPI is used as a measure of inflation. A CPI can be used to index the real value of wages, salaries, pensions, for regulating prices, in most countries, the CPI is, along with the population census one of the most closely watched national economic statistics. Basic types of data that are needed to construct the CPI, price data, the price data are collected for a sample of goods and services from a sample of sales outlets in a sample of locations for a sample of times. The weighting data are estimates of the shares of the different types of expenditure in the total expenditure covered by the index, therefore, the sampling variance cannot be calculated. In any case, an estimate is required in most of the purposes for which the index is used. These indices compare prices each month with prices in the price-reference month and it takes time to assemble and process the information used for weighting which, in addition to household expenditure surveys, may include trade and tax data. Ideally, the weights would relate to the composition of expenditure during the time between the month and the current month. There is a large technical economics literature on index formulae which would approximate this, such an index would show how consumer expenditure would have to move to compensate for price changes so as to allow consumers to maintain a constant standard of living. Approximations can only be computed retrospectively, whereas the index has to appear monthly and, preferably, the coverage of the index may be limited. Saving and investment are always excluded, though the prices paid for services provided by financial intermediaries may be included along with insurance. The index reference period, usually called the year, often differs both from the weight-reference period and the price reference period. This is just a matter of rescaling the whole time-series to make the value for the index reference-period equal to 100. Current Item Price = Base Year Price × Current CPI Base Year CPI or CPI2 CPI1 = Price 2 Price 1 Where 1 is usually the comparison year, alternatively, the CPI can be performed as CPI = updated cost base period cost ×100. The updated cost is divided by that of the initial year, many but not all price indices are weighted averages using weights that sum to 1 or 100. Example, The prices of 85,000 items from 22,000 stores, and 35,000 rental units are added together and averaged. They are weighted this way, Housing,41. 4%, Food and Beverage,17. 4%, Transport,17. 0%, Medical Care,6. 9%, Other,6. 9%, Apparel,6. 0%, Entertainment,4. 4%
Consumer price index
–
A graph of the
US CPI from 1913 to 2014 (in blue), and its percentage annual change (in red)
15.
Currency sign
–
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
Currency sign
–
Official dimensions of the
euro sign
16.
Ruble
–
The ruble or rouble is or was a currency unit of a number of countries in Eastern Europe closely associated with the economy of Russia. Originally, the ruble was the unit of Imperial Russia and then the Soviet Union. The Russian ruble is used in the partially recognised states of Abkhazia. In the past, several other countries influenced by Russia and the Soviet Union had currency units that were also named rubles, one ruble is divided into 100 kopeks. According to one version, the ruble is derived from the Russian verb рубить, to cut, to chop, to hack. Rubles were parts of the grivna or pieces of silver with notches indicating their weight, each grivna was divided into four parts, the name ruble came from the word cut because the silver rod weighing 1 grivna was split into four parts, which were called rubles. Another version of the origin is that it comes from the Russian noun рубец. Therefore, the word means a cast with a seam. A popular theory deriving word ruble from rupee is probably not correct, the ruble was the Russian equivalent of the mark, a measurement of weight for silver and gold used in medieval Western Europe. The weight of one ruble was equal to the weight of one grivna, in Russian, a folk name for ruble, tselkovyj, is known, which is a shortening of the целковый рубль, i. e. a wholesome, uncut ruble. This name persists in the Mordvin word for ruble, целковой, the word kopek, kopeck, copeck, or kopeyka is a diminutive form of the Russian kopyo — a spear. The first kopek coins, minted at Novgorod and Pskov from about 1534 onwards, from the 1540s onwards the horseman bears a crown, and doubtless the intention was to represent Ivan the Terrible, who was Grand Prince of all Russia until 1547, and Tsar thereafter. Subsequent mintings of the coin, starting in the 18th century, since the monetary reform of 1534, one Russian accounting ruble became equivalent to 100 silver Novgorod denga coins or smaller 200 Muscovite denga coins or even smaller 400 polushka coins. Exactly the former coin with a rider on it became colloquially known as kopek and was the higher coin until the beginning of the 18th century. Ruble coins as such did not exist till Peter the Great, apart from one ruble and one kopek coins other smaller and greater coins existed as well. Both the spellings ruble and rouble are used in English, the form rouble is preferred by the Oxford English Dictionary, but the earliest use recorded in English is the now completely obsolete robble. The form rouble probably derives from the transliteration into French used among the Tsarist aristocracy, the Russian plurals that may be seen on the actual currency are modified according to Russian grammar. Numbers 1,21,31 etc. are followed by nominative singular рубль, numbers 2–4, 22–24, 32–34 etc. will be followed by genitive singular рубля, копейки
Ruble
–
5000
Russian rubles issued in 2006
Ruble
–
100,000
Belarusian rubles issued in 2000
Ruble
–
100
Russian rubles issued in 2013, printed to commemorate the Olympic Games in Sochi-2014
Ruble
–
Russian rubles - banknotes of 1000 and 5000 rubles.
17.
Russian Empire
–
The Russian Empire was a state that existed from 1721 until it was overthrown by the short-lived February Revolution in 1917. One of the largest empires in history, stretching over three continents, the Russian Empire was surpassed in landmass only by the British and Mongol empires. The rise of the Russian Empire happened in association with the decline of neighboring powers, the Swedish Empire, the Polish–Lithuanian Commonwealth, Persia. It played a role in 1812–14 in defeating Napoleons ambitions to control Europe. The House of Romanov ruled the Russian Empire from 1721 until 1762, and its German-descended cadet branch, with 125.6 million subjects registered by the 1897 census, it had the third-largest population in the world at the time, after Qing China and India. Like all empires, it included a large disparity in terms of economics, ethnicity, there were numerous dissident elements, who launched numerous rebellions and assassination attempts, they were closely watched by the secret police, with thousands exiled to Siberia. Economically, the empire had an agricultural base, with low productivity on large estates worked by serfs. The economy slowly industrialized with the help of foreign investments in railways, the land was ruled by a nobility from the 10th through the 17th centuries, and subsequently by an emperor. Tsar Ivan III laid the groundwork for the empire that later emerged and he tripled the territory of his state, ended the dominance of the Golden Horde, renovated the Moscow Kremlin, and laid the foundations of the Russian state. Tsar Peter the Great fought numerous wars and expanded an already huge empire into a major European power, Catherine the Great presided over a golden age. She expanded the state by conquest, colonization and diplomacy, continuing Peter the Greats policy of modernisation along West European lines, Tsar Alexander II promoted numerous reforms, most dramatically the emancipation of all 23 million serfs in 1861. His policy in Eastern Europe involved protecting the Orthodox Christians under the rule of the Ottoman Empire and that connection by 1914 led to Russias entry into the First World War on the side of France, Britain, and Serbia, against the German, Austrian and Ottoman empires. The Russian Empire functioned as a monarchy until the Revolution of 1905. The empire collapsed during the February Revolution of 1917, largely as a result of failures in its participation in the First World War. Perhaps the latter was done to make Europe recognize Russia as more of a European country, Poland was divided in the 1790-1815 era, with much of the land and population going to Russia. Most of the 19th century growth came from adding territory in Asia, Peter I the Great introduced autocracy in Russia and played a major role in introducing his country to the European state system. However, this vast land had a population of 14 million, grain yields trailed behind those of agriculture in the West, compelling nearly the entire population to farm. Only a small percentage lived in towns, the class of kholops, close to the one of slavery, remained a major institution in Russia until 1723, when Peter I converted household kholops into house serfs, thus including them in poll taxation
Russian Empire
–
Peter the Great officially renamed the Tsardom of Russia the Russian Empire in 1721, and himself its first emperor. He instituted the
sweeping reforms and oversaw the transformation of Russia into a major European power.
Russian Empire
–
Flag
Russian Empire
–
Empress
Catherine the Great, who reigned from 1762 to 1796, continued the empire's expansion and modernization. Considering herself an
enlightened absolutist, she played a key role in the
Russian Enlightenment.
Russian Empire
–
Catherine II Sestroretsk Rouble (1771) is made of solid copper measuring 77 millimetres (3 3 ⁄ 100 in) (diameter), 26 millimetres (1 1 ⁄ 50 in) (thickness), and weighs 1.022 kg (2.25 lb). It is the largest copper coin ever issued.
18.
Soviet Union
–
The Soviet Union, officially the Union of Soviet Socialist Republics was a socialist state in Eurasia that existed from 1922 to 1991. It was nominally a union of national republics, but its government. The Soviet Union had its roots in the October Revolution of 1917 and this established the Russian Socialist Federative Soviet Republic and started the Russian Civil War between the revolutionary Reds and the counter-revolutionary Whites. In 1922, the communists were victorious, forming the Soviet Union with the unification of the Russian, Transcaucasian, Ukrainian, following Lenins death in 1924, a collective leadership and a brief power struggle, Joseph Stalin came to power in the mid-1920s. Stalin suppressed all opposition to his rule, committed the state ideology to Marxism–Leninism. As a result, the country underwent a period of rapid industrialization and collectivization which laid the foundation for its victory in World War II and postwar dominance of Eastern Europe. Shortly before World War II, Stalin signed the Molotov–Ribbentrop Pact agreeing to non-aggression with Nazi Germany, in June 1941, the Germans invaded the Soviet Union, opening the largest and bloodiest theater of war in history. Soviet war casualties accounted for the highest proportion of the conflict in the effort of acquiring the upper hand over Axis forces at battles such as Stalingrad. Soviet forces eventually captured Berlin in 1945, the territory overtaken by the Red Army became satellite states of the Eastern Bloc. The Cold War emerged by 1947 as the Soviet bloc confronted the Western states that united in the North Atlantic Treaty Organization in 1949. Following Stalins death in 1953, a period of political and economic liberalization, known as de-Stalinization and Khrushchevs Thaw, the country developed rapidly, as millions of peasants were moved into industrialized cities. The USSR took a lead in the Space Race with Sputnik 1, the first ever satellite, and Vostok 1. In the 1970s, there was a brief détente of relations with the United States, the war drained economic resources and was matched by an escalation of American military aid to Mujahideen fighters. In the mid-1980s, the last Soviet leader, Mikhail Gorbachev, sought to reform and liberalize the economy through his policies of glasnost. The goal was to preserve the Communist Party while reversing the economic stagnation, the Cold War ended during his tenure, and in 1989 Soviet satellite countries in Eastern Europe overthrew their respective communist regimes. This led to the rise of strong nationalist and separatist movements inside the USSR as well, in August 1991, a coup détat was attempted by Communist Party hardliners. It failed, with Russian President Boris Yeltsin playing a role in facing down the coup. On 25 December 1991, Gorbachev resigned and the twelve constituent republics emerged from the dissolution of the Soviet Union as independent post-Soviet states
Soviet Union
–
Vladimir Lenin addressing a crowd with Trotsky, 1920
Soviet Union
–
Flag
Soviet Union
–
Stalin and
Nikolai Yezhov, head of the
NKVD. After Yezhov was executed, he was
edited out of the image.
Soviet Union
19.
Soviet ruble
–
The Soviet ruble was the currency of the Soviet Union. One ruble was divided into 100 kopeks, many of the ruble designs were created by Ivan Dubasov. In 1991, after the breakup of the Soviet Union, the Soviet ruble continued to be used in the Post-Soviet states, forming a ruble zone, the word ruble is derived from the Slavic verb рубить, rubit, i. e. to chop. Historically, ruble was a piece of a certain weight chopped off a silver ingot, the word kopek, kopeck, copeck, or kopeyka is a diminutive form of the Russian kopyo — a spear. The Soviet currency had its own name in all Soviet languages, sometimes different from its Russian designation. All banknotes had the name and their nominal printed in the languages of every Soviet Republic. This naming is preserved in modern Russia, for example, Tatar for ruble and kopek are sum, the current names of several currencies of Central Asia are simply the local names of the ruble. Finnish last appeared on 1947 banknotes since the Karelo-Finnish SSR was dissolved in 1956, moldovan has switched to Latin and is once again referred to as Romanian. The first ruble issued for the Socialist government was an issue still based on the previous issue of the ruble prior to the Russian Revolution of 1917. They are all in form and started their issue in 1919. At this time other issues were made by the white Russian government and other governing bodies. Denominations are as follows,1,2,3,5,10,15,25,50,60,100,250,500,1,000,5,000,10,000,25,000,50,000,100,000. Short term treasury certificate were also issued to supplement banknote issue in 1 million,5 million,10 million rubles. These issue was printed in various fashions, as inflation crept up the security features were few and some were printed on one side, as was the case for the German inflationary notes. In 1918, state notes were introduced by the R. S. F. S. R. for 1,3,5,10,25,50,100,250,500,1,000,5,000 and 10,000 rubles. These were followed in 1919 by currency notes for 1,2,3,15,20,60,100,250,500,1000,5000 and 10,000 rubles. In 1921, currency note denominations of 5,50,25,000,50,000,100,000,1,000,000,5,000,000 and 10,000,000 rubles were added. In 1922, the first of several redenominations took place, at a rate of 1 new ruble for 10,000 old rubles, the chervonets was also introduced in 1922
Soviet ruble
–
Obverse of 1 ruble (1961)
Soviet ruble
Soviet ruble
–
1924 poltinnik (½ ruble).
Soviet ruble
–
Silver ruble of 1922
20.
Belarus
–
Its capital and most populous city is Minsk. Over 40% of its 207,600 square kilometres is forested and its strongest economic sectors are service industries and manufacturing. In the aftermath of the 1917 Russian Revolution, Belarus declared independence as the Belarusian Peoples Republic, the Socialist Soviet Republic of Byelorussia became a founding constituent republic of the Soviet Union in 1922 and was renamed as the Byelorussian Soviet Socialist Republic. Belarus lost almost half of its territory to Poland after the Polish–Soviet War of 1919–1921, during WWII, military operations devastated Belarus, which lost about a third of its population and more than half of its economic resources. The republic was redeveloped in the post-war years, in 1945 the Byelorussian SSR became a founding member of the United Nations, along with the Soviet Union and the Ukrainian SSR. The parliament of the declared the sovereignty of Belarus on 27 July 1990. Alexander Lukashenko has served as the president since 1994. Belarus has been labeled Europes last dictatorship by some Western journalists, Lukashenko continued a number of Soviet-era policies, such as state ownership of large sections of the economy. Though not directly espousing communism like the five remaining communist countries of China, Cuba, Laos, Vietnam and North Korea, in 2000 Belarus and Russia signed a treaty for greater cooperation, with some hints of forming a Union State. Over 70% of Belaruss population of 9.49 million resides in urban areas, more than 80% of the population is ethnic Belarusian, with sizable minorities of Russians, Poles and Ukrainians. Since a referendum in 1995, the country has had two official languages, Belarusian and Russian, the Constitution of Belarus does not declare any official religion, although the primary religion in the country is Eastern Orthodox Christianity. Belarus is the only European country to retain capital punishment in both law and practice, the name Belarus is closely related with the term Belaya Rus, i. e. White Rus. There are several claims to the origin of the name White Rus, an alternate explanation for the name comments on the white clothing worn by the local Slavic population. A third theory suggests that the old Rus lands that were not conquered by the Tatars had been referred to as white, other sources claim that, before 1267, the land not conquered by the Mongols was considered White Rus. The name Rus is often conflated with its Latin forms Russia and Ruthenia, in some languages, including German and Dutch, the country is generally called White Russia to this day. The Latin term Alba Russia was used again by Pope Pius VI in 1783 to recognize the Society of Jesus there, exclaiming Approbo Societatem Jesu in Alba Russia degentem, approbo, approbo. The first known use of White Russia to refer to Belarus was in the century by Englishman Sir Jerome Horsey. During the 17th century, the Russian tsars used White Rus to describe the lands added from the Grand Duchy of Lithuania
Belarus
–
Stamp with the
Cross of St. Euphrosyne from 1992
Belarus
–
Flag
Belarus
–
Principalities of Kievan Rus'
Belarus
–
Khatyn Memorial. The Nazis murdered civilians in 5,295 different localities in
occupied Soviet Belarus.
21.
Transnistria
–
The region is considered by the UN to be part of Moldova. The PMR controls a narrow strip of territory to the east of the River Dniester, unrecognised by any United Nations member state, Transnistria is designated by the Republic of Moldova as the Transnistria autonomous territorial unit with special legal status, or Stînga Nistrului. As part of agreement, a three-party Joint Control Commission supervises the security arrangements in the demilitarised zone. Its authorities have adopted a constitution, flag, national anthem and it is the only country still using the hammer and sickle on its flag. After a 2005 agreement between Moldova and Ukraine, all Transnistrian companies that seek to export goods through the Ukrainian border must be registered with the Moldovan authorities and this agreement was implemented after the European Union Border Assistance Mission to Moldova and Ukraine took force in 2005. Most Transnistrians also have Moldovan citizenship, but many Transnistrians also have Russian and Ukrainian citizenship, the largest ethnic group is Moldovans, who historically had a higher share of the population, up to 49. 4% in 1926. Transnistria, Nagorno-Karabakh, Abkhazia, and South Ossetia are post-Soviet frozen conflict zones and these four partially recognised states maintain friendly relations with each other and form the Community for Democracy and Rights of Nations. The region is known in English as Trans-Dniestr or Transdniestria. Etymologically, these names are adaptations of the Romanian colloquial name of the region, the documents of the government of Moldova refer to the region as Stînga Nistrului meaning Left Bank of the Dniester. The name of the according to the Transnistrian authorities is Pridnestrovian Moldavian Republic. The short form of name is Pridnestrovie. Pridnestrovie is a transliteration of the Russian Приднестровье meaning by the Dniester, indo-European tribes had for millennia inhabited the area where Transnistria now is when it was a borderland between Dacia and Scythia. The Tyragetae inhabited the area around the River Dniester as well as the Scythians, early Germanic and Turkic tribes were present in the area during their attacks and invasions of the Roman Empire. From 56 AD, the area around the city of Tyras was occupied by the Romans for nearly four centuries. Tyras enjoyed great development during Roman times, there is a series of its coins with heads of emperors from Domitian to Alexander Severus, but in the second half of the fourth century the area was continuously attacked by barbarians and the Roman legionaries left Tyras. In the early Middle Ages, Slavic tribes of Tivertsi and Ulichs populated larger areas, including Transnistria, followed by Turkic nomads such as the Petchenegs and Cumans. Possibly an early part of Kievan Rus, after the Mongol invasion of Europe in 1241, prince of Moldavia George Ducas built a court at Țicanova on the east bank of the Dniester, and one at Nimirov on the Southern Bug, last mentioned in Moldavian hands in 1765. The localities Dubăsari, Rașcov, Vasilcău, as well as four other currently in Ukraine are mentioned in 17th–18th centuries as fairs for the Dniester-Bug region
Transnistria
–
Political map of Transnistria with the differences between the Autonomous Dniestrian Territory
de jure and the Pridnestrovian Moldavian Republic
de facto.
Transnistria
–
Flag
Transnistria
–
Igor Smirnov
Transnistria
–
Soviet symbols are still used in Transnistria.
22.
Decimalisation
–
Decimalisation is the process of converting a currency from its previous non-decimal denominations to a decimal system. Decimal currencies have sub-units based on a factor of 10, there are most commonly 100 sub-units to the base currency unit, but currencies based on 1000 sub-units also exist, especially in Arab countries. For example,100 cents make one dollar in various countries,1,000 Tunisian millimes make one dinar. Historically, non-decimal currencies were much more common, such as the British pound sterling before decimalisation in 1971, until 1971, the pound sterling had sub-units of account of shillings and pence. Like other currencies, it also had coins with other names, there were nineteen different fractions of a pound of a whole number of pence. For example, a third, quarter, fifth and sixth of a pound were respectively 80,60,48, and 40 pence, normally written as shillings and pence, 6/8, 5/-, 4/-, there were eight additional fractions which were a whole number of farthings. Russia converted to a currency under Tsar Peter the Great in 1704, with the ruble being equal to 100 kopecks. France introduced the franc in 1795 to replace the livre tournois, france introduced decimalisation in a number of countries that it occupied during the Napoleonic period. Sweden introduced decimal currency in 1855, the currency riksdaler was divided into 100 öre. The riksdaler was renamed krona in 1873, the Austro-Hungarian Empire decimalised the Austro-Hungarian gulden in 1857, concurrent with its transition from the Conventionsthaler to the Vereinsthaler standard. Spain introduced its decimal currency unit, the peseta, in 1868, cyprus decimalised the Cypriot pound in 1955, which comprised 1,000 mils, later replaced by 100 cents. On Decimal Day,15 February 1971, the United Kingdom decimalised the pound sterling, malta decimalised the lira in 1972. The euro, which comprises 100 cents, was introduced in the eurozone, the following table shows the conversion of common denominations of coins of the £sd system. The farthing, at 1⁄4 penny, was never converted, as it ceased to be legal tender a decade prior to decimalisation, in 1971, a new penny would have been worth 9.6 farthings. For example, the Spanish dollar, a currency, was accepted as official currency in the United States alongside the U. S. dollar until 1857. Decimalisation in Canada was complicated by the different jurisdictions before Confederation in 1867, in 1841, the united Province of Canadas Governor General, Lord Sydenham, argued for establishment of a bank that would issue dollar currency. Francis Hincks, who would become the Province of Canadas Prime Minister in 1851, ultimately the provincial assembly rejected the proposal. In June 1851, the Canadian legislature passed a law requiring provincial accounts to be kept decimalised as dollars, the establishment of a central bank was not touched upon in the 1851 legislation
Decimalisation
23.
1998 Russian financial crisis
–
The Russian financial crisis hit Russia on 17 August 1998. It resulted in the Russian government and the Russian Central Bank devaluing the ruble, the crisis had severe impacts on the economies of many neighboring countries. Meanwhile, James Cook, the vice president of The U. S. Russia Investment Fund, suggested the crisis had the effect of teaching Russian banks to diversify their assets. Declining productivity, a fixed exchange rate between the ruble and foreign currencies to avoid public turmoil, and a chronic fiscal deficit were the reasons that led to the crisis. The economic cost of the first war in Chechnya, estimated at $5.5 billion, in the first half of 1997, the Russian economy showed some signs of improvement. However, soon after this, the problems began to gradually intensify, two external shocks, the Asian financial crisis that had begun in 1997 and the following declines in demand for crude oil and nonferrous metals, severely impacted Russian foreign exchange reserves. A political crisis came to a head in March when Russian president Boris Yeltsin suddenly dismissed Prime Minister Viktor Chernomyrdin, Yeltsin named Energy Minister Sergei Kiriyenko, then 35 years old, as acting prime minister. On 29 May 1998, Yeltsin appointed Boris Fyodorov as Head of the State Tax Service, in an effort to prop up the currency and stem the flight of capital, in June 1998 Kiriyenko hiked GKO interest rates to 150%. On 12 May 1998, coal miners went on strike over unpaid wages, by 1 August 1998 there were approximately $12.5 billion in debt owed to Russian workers. On 14 August 1998 the exchange rate of the Russian ruble to the US dollar was still 6.29, despite the bailout, July 1998 monthly interest payments on Russia’s debt rose to a figure 40 percent higher than its monthly tax collections. If the ruble threatened to devalue outside of range, the Central Bank would intervene by spending foreign reserves to buy rubles. Similarly, it would sell rubles if the exchange rate threatened to drop below 5.3. Investors fled the market by selling rubles and Russian assets, which also put pressure on the ruble. This forced the Central Bank to spend its foreign reserves to defend Russias currency and it is estimated that between 1 October 1997 and 17 August 1998, the Central Bank expended approximately $27 billion of its U. S. dollar reserves to maintain the floating peg. On 17 August 1998, the Russian government devalued the ruble, defaulted on domestic debt, and declared a moratorium on repayment of foreign debt. On that day the Russian government and the Central Bank of Russia issued a Joint Statement announcing, in essence, that, on 17 August 1998 the government declared that certain state securities would be transformed into new securities. At the same time, in addition to widening the currency band, at the time, the Moscow Interbank Currency Exchange set a daily official exchange rate through a series of interactive auctions based on written bids submitted by buyers and sellers
1998 Russian financial crisis
–
History
1998 Russian financial crisis
1998 Russian financial crisis
24.
Monetary reform in Russia, 1998
–
The monetary reform of 1998 in Russia was launched on January 1,1998. Replacement of the old banknotes occurred gradually, until 2002, rumours of reform occurred regularly and was repeatedly denied. In June 1996, the head of the Working Center for Economic Reform Minister Sergei Pavlenko announced the imminent denomination, according to his calculations, it could not be implemented before 1998, when inflation in the country will be permanently suppressed. However, in September 1996, the chairman of the Central Bank of Russia, Sergei Dubinin, on August 4,1997, President Boris Yeltsin issued a presidential decree, On change the face value of a currency and the scale of prices. Exchange began on January 1,1998, with a new ruble being worth 1000 old rubles. Since the monetary reform in the Soviet Union,1991, had left a memory by the three-day exchange of 50 and 100-ruble notes. All redenominated coins of the Central Bank of Russia, contrary to the tradition of the two denominations. The appearance of the new banknotes after the denomination did not changed, there was a return to the familiar monetary system
Monetary reform in Russia, 1998
–
50,000 roubles, pre-reform banknote (issued in 1995)
Monetary reform in Russia, 1998
–
History
Monetary reform in Russia, 1998
Monetary reform in Russia, 1998
25.
Pound sterling
–
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
Pound sterling
–
The Hatter 's hat shows an example of the old pre-decimal system: the hat costs half a guinea (10 shillings and 6 pence)
Pound sterling
–
All frequently used coins. The coins shown are those after the extensive
2008 redesign.
Pound sterling
–
A pound = 20
shillings = 240
silver pennies (formerly)
Pound sterling
–
£1 coin (Welsh design, 2000)
26.
Monetary reform in Russia, 1993
–
Russias monetary reform of 1993 took place from 26 July to 7 August 1993. Russias 1993 currency reform was intended to tame inflation and exchange the remaining in circulation from 1961 to 1992 for banknotes of a new design. The reform was confiscatory, as there were a number of restrictions on the exchange of banknotes, in addition, the reform was carried out during the summer holidays, which created additional problems for citizens. The ruble would be a means of payment in only domestic money circulation, non-cash rubles in payments between the republics also ceased to exist. Initially, the limit was set at 35,000 non-denominated rubles. Two days later, President Boris Yeltsin issued a decree where the amount was increased to 100,000 rubles per person. Citizens of Russia could change the amount of 100,000 rubles, rumours of reform went ahead, the authorities denied them and the reform was carried out during the holiday season, when many were away from their place of residence. The limitation was also aimed at combating the influx of currency notes from the former Soviet republics, as a result, many people did not physically have time to exchange their cash savings, and their money was gone. Enterprises could exchange cash within cash balances at the beginning of the day on July 26 and had to them to the bank for the banking day on July 26. Amount of money handed over was not to exceed the limit set for the box office of the organization, the reform did not strengthen the ruble. In fact, it led to complications with its neighbours. The central bank had to some of the new banknotes to Kazakhstan. Weimar on the Volga, Causes and Consequences of Inflation in 1990s Russia Compared with 1920s Germany
Monetary reform in Russia, 1993
–
History
Monetary reform in Russia, 1993
Monetary reform in Russia, 1993
27.
Breakup of the Soviet Union
–
The Soviet Union was dissolved on December 26,1991. It was a result of the declaration number 142-Н of the Soviet of the Republics of the Supreme Soviet of the Soviet Union and that evening at 7,32, the Soviet flag was lowered from the Kremlin for the last time and replaced with the pre-revolutionary Russian flag. Previously, from August to December, all the individual republics, the week before the unions formal dissolution,11 republics signed the Alma-Ata Protocol formally establishing the CIS and declaring that the Soviet Union had ceased to exist. The Revolutions of 1989 and the dissolution of the USSR also signalled the end of the Cold War, on the other hand, only the Baltic states have joined NATO and the European Union. Mikhail Gorbachev was elected General Secretary by the Politburo on March 11,1985, Gorbachev, aged 54, was the youngest member of the Politburo. His initial goal as general secretary was to revive the Soviet economy, the reforms began with personnel changes of senior Brezhnev-era officials who would impede political and economic change. On April 23,1985, Gorbachev brought two protégés, Yegor Ligachev and Nikolai Ryzhkov, into the Politburo as full members. He kept the power ministries happy by promoting KGB Head Viktor Chebrikov from candidate to full member and this liberalisation, however, fostered nationalist movements and ethnic disputes within the Soviet Union. Under Gorbachevs leadership, the Communist Party of the Soviet Union in 1989 introduced limited competitive elections to a new central legislature, in May 1985, Gorbachev delivered a speech in Leningrad advocating reforms and an anti-alcohol campaign to tackle widespread alcoholism. Prices of vodka, wine, and beer were raised in order to make these drinks more expensive and a disincentive to consumers, unlike most forms of rationing intended to conserve scarce goods, this was done to restrict sales with the overt goal of curtailing drunkenness. Gorbachevs plan also included billboards promoting sobriety, increased penalties for public drunkenness, however, Gorbachev soon faced the same adverse economic reaction to his prohibition as did the last Tsar. The disincentivization of alcohol consumption was a blow to the state budget according to Alexander Yakovlev. Alcohol production migrated to the market, or through moonshining as some made bathtub vodka with homegrown potatoes. The purpose of these reforms, however, was to prop up the centrally planned economy, unlike later reforms. The latter, disparaged as Mr Nyet in the West, had served for 28 years as Minister of Foreign Affairs, gromyko was relegated to the largely ceremonial position of Chairman of the Presidium of the Supreme Soviet, as he was considered an old thinker. In the fall of 1985, Gorbachev continued to bring younger, at the next Central Committee meeting on October 15, Tikhonov retired from the Politburo and Talyzin became a candidate. Finally, on December 23,1985, Gorbachev appointed Yeltsin First Secretary of the Moscow Communist Party replacing Viktor Grishin, Gorbachev continued to press for greater liberalization. The CTAG Helsinki-86 was founded in July 1986 in the Latvian port town of Liepāja by three workers, Linards Grantiņš, Raimonds Bitenieks, and Mārtiņš Bariss and its name refers to the human-rights statements of the Helsinki Accords
Breakup of the Soviet Union
–
Tanks at
Red Square during the
1991 Soviet coup d'état attempt
Breakup of the Soviet Union
–
Mikhail Gorbachev (1987 photo)
Breakup of the Soviet Union
–
Figure of Liberty on the
Freedom Monument in Riga, focus of 1986 Latvian demonstrations.
Breakup of the Soviet Union
–
The Dawn of Liberty monument in
Almaty (Alma-Ata).
28.
Ivan Bilibin
–
Throughout his career, he was inspired by Slavic folklore. Ivan Bilibin was born in Tarkhovka, a suburb of St. Petersburg and he studied in 1898 at Anton Ažbe Art School in Munich, then under Ilya Repin in St. Petersburg. After graduating in May 1900 he went to Munich, where he completed his training with the painter Anton Ažbe, in 1902–1904 Bilibin travelled in the Russian North, where he became fascinated with old wooden architecture and Russian folklore. He published his findings in the monograph Folk Arts of the Russian North in 1904, another influence on his art was traditional Japanese prints. Artistic design of magazines such as Dog Rose and expenditure of the Moscow publishing house followed. Bilibin gained renown in 1899, when he released his illustrations of Russian fairy tales, during the Russian Revolution of 1905, he drew revolutionary cartoons, especially for the magazine Župel, which in 1906 became prohibited. He would further serve as the designer for the 1909 première production of Nikolai Rimsky-Korsakovs The Golden Cockerel, after the October Revolution in 1917, he left Russia after the revolution proved alien to him. After brief stints in Cairo and Alexandria, he settled in Paris in 1925 and he still longed for his homeland and, after decorating the Soviet Embassy in 1936, he returned to Soviet Russia, delivering lectures at the Russian Academy of Arts until 1941. Bilibin died during the Siege of Leningrad and was buried in a collective grave, in 1902 he Bilibin married his former student, the painter Marija Jakovlevna Tschembers. They had two sons, Alexander and Ivan, in 1912 he again married a former student, the art school graduate Renée Rudolfowna OKonnel. In 1923 he married the painter Alexandra Vasilyevna Schtschekatichina-Potozkaja, with whom he had a joint exhibition in Amsterdam in 1929, works of Ivan Bilibin at Cascadia Graphics Ivan Yakovlevich Bilibin at the Wayback Machine at www. scumdog. demon. co. uk
Ivan Bilibin
–
Portrait of Ivan Bilibin by
Boris Kustodiev, 1901.
Ivan Bilibin
–
Stage-set for the opera
The Little Golden Cockerel 1909
Ivan Bilibin
–
Tsar Dadon meets the
Shemakha tsarevna (illustration to
The Tale of the Little Golden Cockerel, 1906)
Ivan Bilibin
–
The Tale of Igor's Campaign
29.
February Revolution
–
The February Revolution, known in Soviet historiography as the February Bourgeois Democratic Revolution was the first of two Russian revolutions in 1917. The revolution centered on Petrograd, then the Russian capital, arguably beginning on 8 March, Revolutionary activity was largely confined to the capital and its vicinity, and lasted about eight days. It involved mass demonstrations and armed clashes with police and gendarmes, on 12 March mutinous Russian Army forces sided with the revolutionaries. Three days later the result was the abdication of Tsar Nicholas II, the end of the Romanov dynasty, Russian Council of Ministers was replaced by a Russian Provisional Government under Prince Georgy Lvov. The revolution appeared to break out spontaneously, without any leadership or formal planning. Russia had been suffering from a number of economic and social problems, bread rioters primarily women in bread lines, and industrial strikers were joined on the streets by disaffected soldiers from the citys garrison. As more and more troops deserted, and with loyal troops away at the Front, in all, over 1,300 people were killed in the protests of February 1917. A number of factors contributed to the downfall of the Imperial government in the spring of 1917, different historians apply different weights to different factors, liberal historians emphasise the turmoil created by the war, whereas Marxists emphasise the inevitability of change. Rabinowitch summarizes the main long-term and short-term causes, The February 1917 revolution, despite its occurrence at the height of World War I, the roots of the February Revolution date much further back. As historian Richard Pipes writes, the incompatibility of capitalism and autocracy struck all who gave thought to the matter. The first major event of the Russian Revolution was the February Revolution, dissatisfaction of proletarians was compounded by food shortages and military failures. Widespread strikes, riots and the mutiny on the Battleship Potemkin ensued. These conditions caused much agitation among the working and professional classes. This tension erupted into revolt with the 1905 Revolution, and again under the strain of war in 1917. The revolution was provoked by Russian military failures during the First World War, the economic challenges faced due to fighting a total war also contributed. In August 1914, all supported and virtually all political deputies voted in favour of the war. The exceptions included the Bolshevik Party and specifically Vladimir Lenin who argued it was not a war fighting. The declaration of war was followed by a revival of nationalism across Russian society, nearly six million casualties—dead, wounded and missing—had been accrued by January 1917
February Revolution
–
Wounded Russian soldiers retreating from the front
February Revolution
–
Putilov workers protesting in the streets
February Revolution
–
Meeting Germans in No Man's Land
February Revolution
–
Nikolay Chkheidze, first Chairman of the Executive Committee of the Petrograd Soviet
30.
Russian Republic
–
According to the Constitution, the Russian Federation is divided into 85 federal subjects,22 of which are republics. Most of the republics represent areas of ethnicity, although there are several republics with Russian majority. The indigenous ethnic group of a republic that gives it its name is referred to as the titular nationality, due to decades of internal migration inside Russia, each nationality is not necessarily a majority of a republics population. Republics differ from other subjects of Russia in that they have the right to establish their own official language and have their own constitution. Other federal subjects, such as krais and oblasts, are not explicitly given this right, the level of actual autonomy granted to such political units varies but is generally quite extensive. The parliamentary assemblies of such republics have often enacted laws which are at odds with the federal constitution, the republics executives tend to be very powerful. However, this autonomy was lessened considerably under Russian President Vladimir Putin, in addition, Putin strengthened the position of the republics legislatures, while weakening their executives power. The Presidents nomination must be accepted by the republics parliament, there are secessionist movements in most republics, but these are generally not very strong. However, there was support for secession among Tatars, Bashkirs, Yakuts. On March 18,2014, the Republic of Crimea and Sevastopol were joined by treaty to the Russian Federation, much of the international community and the Ukrainian government do not recognize Crimeas accession to Russia and consider Crimea an integral part of Ukraine. After the dissolution of the USSR, each republic was succeeded by a republic with a similar name. Several autonomous oblasts have become republics as well, the expression autonomous republic is still sometimes used for the republics of Russia
Russian Republic
31.
Swiss franc
–
The franc is the currency and legal tender of Switzerland and Liechtenstein, it is also legal tender in the Italian exclave Campione dItalia. The Swiss National Bank issues banknotes and the federal mint Swissmint issues coins, the smaller denomination, a hundredth of a franc, is a Rappen in German, centime in French, centesimo in Italian, and rap in Romansh. The ISO code of the used by banks and financial institutions is CHF, although Fr. is used by most businesses and advertisers. Given the different languages used in Switzerland, Latin is used for inscriptions on the coins. In 1798, the Helvetic Republic introduced a currency based on the Berne thaler, the Swiss franc was equal to 6 3⁄4 grams of pure silver or 1 1⁄2 French francs. This franc was issued until the end of the Helvetic Republic in 1803, in order to solve this problem, the new Swiss Federal Constitution of 1848 specified that the federal government would be the only entity allowed to make money in Switzerland. This was followed two years later by the first Federal Coinage Act, passed by the Federal Assembly on 7 May 1850, the franc was introduced at par with the French franc. It replaced the different currencies of the Swiss cantons, some of which had been using a franc which was worth 1 1⁄2 French francs. In 1865, France, Belgium, Italy, and Switzerland formed the Latin Monetary Union, the currency was devalued by 30% following the devaluations of the British pound, U. S. dollar and French franc. In 1945, Switzerland joined the Bretton Woods system and pegged the franc to the U. S. dollar at a rate of $1 =4.30521 francs and this was changed to $1 =4.375 francs in 1949. The Swiss franc has historically considered a safe-haven currency with virtually zero inflation. However, this link to gold, which dates from the 1920s, was terminated on 1 May 2000 following a referendum. By March 2005, following a gold selling program, the Swiss National Bank held 1,290 tonnes of gold in reserves which equated to 20% of its assets. In November 2014, the referendum on the Swiss Gold Initiative which proposed a restoration of 20% gold backing for the Swiss franc was voted down, in March 2011 the franc climbed past the US$1.10 mark. In June 2011 the franc climbed past US$1.20 as investors sought safety amidst the continuation of the Greek sovereign-debt crisis, demand for francs and franc-denominated assets was so strong that nominal short-term Swiss interest rates became negative. In response to the announcement the franc fell against the euro, to 1.22 francs from 1.12 francs, the intervention stunned currency traders since the franc had long been regarded as a safe haven. The franc fell 8. 8% against the euro,9. 5% against the dollar and it was the largest plunge of the franc ever against the euro. The SNB had previously set an exchange rate target in 1978 against the Deutsche mark and maintained it, although at the cost of high inflation
Swiss franc
–
Banknotes
Swiss franc
Swiss franc
–
16 francs, Helvetic Republic, 1800, gold
Swiss franc
–
1 Swiss franc 1995
32.
Defraud
–
In law, fraud is deliberate deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud itself can be a wrong, a criminal wrong or it may cause no loss of money, property or legal right. The purpose of fraud may be monetary gain or other benefits, a hoax is a distinct concept that involves deliberate deception without the intention of gain or of materially damaging or depriving a victim. In common law jurisdictions, as a wrong, fraud is a tort. Proving fraud in a court of law is said to be difficult. In cases of a fraudulently induced contract, fraud may serve as a defense in an action for breach of contract or specific performance of contract. Fraud may serve as a basis for a court to invoke its equitable jurisdiction, in common law jurisdictions, as a criminal offence, fraud takes many different forms, some general and some specific to particular categories of victims or misconduct. The elements of fraud as a crime similarly vary, section 380 of the Criminal Code provides the general definition for fraud in Canada,380. In addition to the penalties outlined above, the court can issue a prohibition order under s.380.2. It can also make an order under s.380.3. The Canadian courts have held that the offence consists of two elements, A prohibited act of deceit, falsehood or other fraudulent means. The Supreme Court of Canada has held that deprivation is satisfied on proof of detriment, prejudice or risk of prejudice, it is not essential that there be actual loss. Deprivation of confidential information, in the nature of a secret or copyrighted material that has commercial value, has also been held to fall within the scope of the offence. The BBC World Service reported in 2012 that the value lost through fraud in the UK was £66 billion a year. According to a review by the UK anti-fraud charity Fraud Advisory Panel business fraud accounted for £144bn, the FAP has been particularly critical of the support available from the police to victims of fraud in the UK outside of London. In July 2016 it was reported that fraudulent activity levels in the UK increased in the 10 years to 2016 from £52 billion to £193bn. This figure would be an estimate, since as the former commissioner of the City of London Police, Adrian Leppard, has said. Donald Toon, director of the NCAs economic crime command, stated in July 2016, Fraud affects one in ten people in the UK
Defraud
–
A possibly fraudulent "work from home" advertisement.
Defraud
–
A fraudulent Manufacturer's Suggested Retail Price on a speaker.
33.
Peter I of Russia
–
Peter the Great, Peter I or Peter Alexeyevich ruled the Tsardom of Russia and later the Russian Empire from 7 May 1682 until his death, jointly ruling before 1696 with his elder half-brother, Ivan V. Through a number of successful wars he expanded the Tsardom into a larger empire that became a major European power. He led a revolution that replaced some of the traditionalist and medieval social and political systems with ones that were modern, scientific, westernized. Peters reforms made an impact on Russia and many institutions of Russian government trace their origins to his reign. From an early age, Peters education was put in the hands of tutors, most notably Nikita Zotov, Patrick Gordon. On 29 January 1676, Tsar Alexis died, leaving the sovereignty to Peters elder half-brother and this position changed when Feodor died in 1682. As Feodor did not leave any children, a dispute arose between the Miloslavsky family and Naryshkin family over who should inherit the throne, Peters other half-brother, Ivan V, was next in line for the throne, but he was chronically ill and of infirm mind. Consequently, the Boyar Duma chose the 10-year-old Peter to become Tsar with his mother as regent and this arrangement was brought before the people of Moscow, as ancient tradition demanded, and was ratified. Sophia Alekseyevna, one of Alexis daughters from his first marriage, in the subsequent conflict some of Peters relatives and friends were murdered, including Matveev, and Peter witnessed some of these acts of political violence. The Streltsy made it possible for Sophia, the Miloslavskys and their allies, to insist that Peter and Ivan be proclaimed joint Tsars, Sophia acted as regent during the minority of the sovereigns and exercised all power. For seven years, she ruled as an autocrat, a large hole was cut in the back of the dual-seated throne used by Ivan and Peter. Sophia would sit behind the throne and listen as Peter conversed with nobles, while feeding him information and giving him responses to questions and this throne can be seen in the Kremlin Armoury in Moscow. Peter was not particularly concerned that others ruled in his name and he engaged in such pastimes as shipbuilding and sailing, as well as mock battles with his toy army. Peters mother sought to force him to adopt a conventional approach. The marriage was a failure, and ten years later Peter forced his wife to become a nun, by the summer of 1689, Peter planned to take power from his half-sister Sophia, whose position had been weakened by two unsuccessful Crimean campaigns. When she learned of his designs, Sophia conspired with the leaders of the Streltsy, Sophia was eventually overthrown, with Peter I and Ivan V continuing to act as co-tsars. Peter forced Sophia to enter a convent, where she gave up her name, still, Peter could not acquire actual control over Russian affairs. Power was instead exercised by his mother, Natalya Naryshkina and it was only when Nataliya died in 1694 that Peter became an independent sovereign
Peter I of Russia
–
Peter the Great by
Paul Delaroche
Peter I of Russia
–
Peter the Great as a child
Peter I of Russia
–
The Peter the Great statue in
Taganrog by
Mark Antokolski
Peter I of Russia
–
Portrait of Peter I by
Godfrey Kneller, 1698. This portrait was Peter's gift to the King of England.
34.
Yaroslav I the Wise
–
Yaroslav I, Grand Prince of Rus, known as Yaroslav the Wise or Iaroslav the Wise was thrice grand prince of Veliky Novgorod and Kiev, uniting the two principalities for a time under his rule. Yaroslavs Christian name was George after Saint George, a son of the Varangian Grand Prince Vladimir the Great, he was vice-regent of Novgorod at the time of his fathers death in 1015. Subsequently, his eldest surviving brother, Sviatopolk I of Kiev, Yaroslav, with the active support of the Novgorodians and the help of Varangian mercenaries, defeated Svyatopolk and became the Grand Prince of Kiev in 1019. Under Yaroslav the codification of customs and princely enactments was begun. During his lengthy reign, Kievan Rus reached the zenith of its cultural flowering, the early years of Yaroslavs life are shrouded in mystery. He was one of the sons of Vladimir the Great, presumably his second by Rogneda of Polotsk. It has been suggested that he was a child out of wedlock after Vladimirs divorce from Rogneda and marriage to Anna Porphyrogenita. Yaroslav figures prominently in the Norse sagas under the name Jarisleif the Lame, in his youth, Yaroslav was sent by his father to rule the northern lands around Rostov but was transferred to Veliky Novgorod, as befitted a senior heir to the throne, in 1010. While living there, he founded the town of Yaroslavl on the Volga River and his relations with his father were apparently strained, and grew only worse on the news that Vladimir bequeathed the Kievan throne to his younger son, Boris. In 1014 Yaroslav refused to pay tribute to Kiev and only Vladimirs death, in July 1015, during the course of this struggle, several other brothers were brutally murdered. However, the name is given there as Burizaf, which is also a name of Boleslaus I in the Scandinavian sources. It is thus possible that the Saga tells the story of Yaroslavs struggle against Svyatopolk, Yaroslav defeated Svyatopolk in their first battle, in 1016, and Svyatopolk fled to Poland. But Svyatopolk returned in 1018 with Polish troops furnished by his father-in-law, seized Kiev, Yaroslav at last prevailed over Svyatopolk, and in 1019 firmly established his rule over Kiev. One of his first actions as a prince was to confer on the loyal Novgorodians, numerous freedoms. Thus, the foundation of the Novgorod Republic was laid, for their part, the Novgorodians respected Yaroslav more than they did other Kievan princes, and the princely residence in their city, next to the marketplace was named Yaroslavs Court after him. It probably was during this period that Yaroslav promulgated the first code of laws in the lands of the East Slavs, a less appealing side of his personality is revealed by his having imprisoned his youngest brother Sudislav for life. Yaroslav and Mstislav then divided Kievan Rus between them, the area stretching left from the Dnieper River, with the capital at Chernihiv, was ceded to Mstislav until his death in 1036. In his foreign policy, Yaroslav relied on the Scandinavian alliance, in 1030, he reconquered Red Ruthenia from the Poles and concluded an alliance with King Casimir I the Restorer, sealed by the latters marriage to Yaroslavs sister, Maria
Yaroslav I the Wise
–
Forensic facial reconstruction
Yaroslav I the Wise
–
The only contemporary image of Yaroslav I the Wise, on his seal.
Yaroslav I the Wise
–
Ivan Bilibin 's artwork of Yaroslav I
Yaroslav I the Wise
–
Eleventh-century fresco of
Saint Sophia's Cathedral, Kiev, representing the daughters of Yaroslav I, with
Anne probably being the youngest. Other daughters were
Anastasia, wife of
Andrew I of Hungary; Elizabeth, wife of
Harald Harðráði; and possibly
Agatha, wife of Edward the Exile.
35.
Vladimir Lenin
–
Vladimir Ilyich Ulyanov, better known by the alias Lenin, was a Russian communist revolutionary, politician, and political theorist. He served as head of government of the Russian Republic from 1917 to 1918, of the Russian Soviet Federative Socialist Republic from 1918 to 1924, under his administration, Russia and then the wider Soviet Union became a one-party socialist state governed by the Russian Communist Party. Ideologically a Marxist, he developed political theories known as Leninism, born to a wealthy middle-class family in Simbirsk, Lenin embraced revolutionary socialist politics following his brothers execution in 1887. Expelled from Kazan Imperial University for participating in protests against the Russian Empires Tsarist regime and he moved to Saint Petersburg in 1893 and became a senior figure in the Marxist Russian Social Democratic Labour Party. In 1897, he was arrested for sedition and exiled to Shushenskoye for three years, where he married Nadezhda Krupskaya, after his exile, he moved to Western Europe, where he became a prominent party theorist through his publications. In 1903, he took a key role in a RSDLP ideological split, Lenins government was led by the Bolsheviks—now renamed the Communist Party—with some powers initially also held by elected soviets. It redistributed land among the peasantry and nationalised banks and large-scale industry, opponents were suppressed in the Red Terror, a violent campaign orchestrated by the state security services, tens of thousands were killed and others interned in concentration camps. Anti-Bolshevik armies, established by both right and left-wing groups, were defeated in the Russian Civil War from 1917 to 1922, responding to wartime devastation, famine, and popular uprisings, in 1921 Lenin promoted economic growth through a mixed economic system. Seeking to promote world revolution, Lenins government created the Communist International, waged the Polish–Soviet War, in increasingly poor health, Lenin expressed opposition to the growing power of his successor, Joseph Stalin, before dying at his Gorki mansion. He became a figurehead behind Marxism-Leninism and thus a prominent influence over the international communist movement. Lenins father, Ilya Nikolayevich Ulyanov, was from a family of serfs, his origins remain unclear, with suggestions being made that he was Russian, Chuvash, Mordvin. Despite this lower-class background he had risen to middle-class status, studying physics and mathematics at Kazan Imperial University before teaching at the Penza Institute for the Nobility, Ilya married Maria Alexandrovna Blank in mid-1863. Well educated and from a prosperous background, she was the daughter of a German–Swedish woman. Soon after their wedding, Ilya obtained a job in Nizhny Novgorod, five years after that, he was promoted to Director of Public Schools for the province, overseeing the foundation of over 450 schools as a part of the governments plans for modernisation. His dedication to education earned him the Order of St. Vladimir, the couple had two children, Anna and Alexander, before Lenin—who would gain the childhood nickname of Volodya—was born in Simbirsk on 10 April 1870, and baptised several days later. They were followed by three children, Olga, Dmitry, and Maria. Two later siblings died in infancy, Ilya was a devout member of the Russian Orthodox Church and baptised his children into it, although Maria – a Lutheran – was largely indifferent to Christianity, a view that influenced her children. Every summer they holidayed at a manor in Kokushkino
Vladimir Lenin
–
Lenin in 1920
Vladimir Lenin
–
"Volodya", aged four.
Vladimir Lenin
–
Lenin, c. 1887.
Vladimir Lenin
–
Lenin (left) in December 1895 and his wife Nadezhda.
36.
Moscow Kremlin
–
It is the best known of the kremlins and includes five palaces, four cathedrals, and the enclosing Kremlin Wall with Kremlin towers. Also within this complex is the Grand Kremlin Palace, the complex serves as the official residence of the President of the Russian Federation. It had previously used to refer to the government of the Soviet Union. Kremlinology refers to the study of Soviet and Russian politics, the site has been continuously inhabited by Finno-Ugric peoples since the 2nd century BC. Vyatichi built a structure on the hill where the Neglinnaya River flowed into the Moskva River. Up to the 14th century, the site was known as the grad of Moscow, the word Kremlin was first recorded in 1331. The grad was greatly extended by Prince Yuri Dolgorukiy in 1156, destroyed by the Mongols in 1237, dmitri Donskoi replaced the oak walls with a strong citadel of white limestone in 1366–1368 on the basic foundations of the current walls, this fortification withstood a siege by Khan Tokhtamysh. Dmitris son Vasily I resumed construction of churches and cloisters in the Kremlin, the newly built Annunciation Cathedral was painted by Theophanes the Greek, Andrei Rublev, and Prokhor in 1406. The Chudov Monastery was founded by Dmitris tutor, Metropolitan Alexis, while his widow, Eudoxia and it was during his reign that three extant cathedrals of the Kremlin, the Deposition Church, and the Palace of Facets were constructed. The highest building of the city and Muscovite Russia was the Ivan the Great Bell Tower, built in 1505–08, the Kremlin walls as they now appear were built between 1485 and 1495. Spasskie gates of the wall bear a dedication in Latin praising Petrus Antonius Solarius for the design. After construction of the new walls and churches was complete. The Kremlin was separated from the merchant town by a 30-meter-wide moat. The same tsar also renovated some of his grandfathers palaces, added a new palace and cathedral for his sons, and endowed the Trinity metochion inside the Kremlin. The metochion was administrated by the Trinity Monastery and boasted the graceful tower church of St. Sergius, during the Time of Troubles, the Kremlin was held by the Polish forces for two years, between 21 September 1610 and 26 October 1612. The Kremlins liberation by the army of prince Dmitry Pozharsky. During his reign and that of his son Alexis, the eleven-domed Upper Saviour Cathedral, Armorial Gate, Terem Palace, Amusement Palace, following the death of Alexis, the Kremlin witnessed the Moscow Uprising of 1682, from which czar Peter barely escaped. As a result, both of them disliked the Kremlin, three decades later, Peter abandoned the residence of his forefathers for his new capital, Saint Petersburg
Moscow Kremlin
–
View of the Kremlin from the
Moskva River (
Borovitskaya Tower and the
Kremlin Wall in the foreground)
Moscow Kremlin
–
Tsar Cannon and
Tsar Bell, two of the Kremlin's visitor attractions
Moscow Kremlin
Moscow Kremlin
–
Bird's Eye View of the Kremlin from the southwest
37.
Flag of Russia
–
The flag of Russia is a tricolor flag consisting of three equal horizontal fields, white on the top, blue in the middle and red on the bottom. The flag was first used as an ensign for Russian merchant ships and it remained in use until the establishment of the Russian Socialist Federative Soviet Republic in 1917. During the Soviet Unions existence, it used the flag with the red field with the hammer and sickle. With the dissolution of the Soviet Union, the tricolor was re-introduced as the flag of the Russian Federation in 1991 in the 1,2 ratio. The Tsarist tricolor was fully restored in 1993 after the crisis as the current flag. Two accounts of the flags origin connect it to the used by the Dutch Republic. The earliest mention of the flag occurs during the reign of Alexis I, in 1668, and is related to the construction of the first Russian naval ship, the frigate Oryol. A different account traces the origins of the Russian flag to tsar Peter the Greats visits to Arkhangelsk in 1693 and 1694, Peter was keenly interested in shipbuilding in the European style, different from the barges ordinarily used in Russia at the time. In 1693, Peter had ordered a Dutch-built frigate from Amsterdam, in 1694 when it arrived, the Dutch red-white-and-blue banner flew from its stern. Peter decided to model Russias naval flag after this banner by changing the sequence of colors, the Russian tricolour flag was adopted as a merchant flag at rivers in 1705. Two other Slavic countries, Slovakia and Slovenia, have similar to the Russian one. On 7 May 1883, the Russian flag was authorized to be used on land, and it became an official National flag before the coronation of Tsar Nicholas II in 1896. From that time period, a 1,2 red flag featuring the abbreviated name RSFSR was used, during the Second World War the white-blue-red tricolor has been used by the collaborationist troops of Andrey Vlasov, who was allied with Nazi Germany against the Soviet Union. It was not until the dissolution of the Soviet Union in 1991 that the tricolor was brought back as the flag of the new Russian Federation. The modern era flag underwent a change in 1993 and has been official since 2000. A variant of the flag was authorized for use by Tsar Nicholas II before World War I. Or was never made the state flag. All of the Soviet Republics flags were created by introducing a small, for Russia, the change was an introduction of the left-hand blue band
Flag of Russia
–
Flag of the Tsar of Moscow on display in the Moscow Military museum.
Flag of Russia
–
Russia
Flag of Russia
–
The tricolor at Russian Consulate-General in
Edinburgh
Flag of Russia
–
The tricolor and the
Banner of Victory on the
2009 Moscow Victory Day Parade
38.
Russian Federation
–
Russia, also officially the Russian Federation, is a country in Eurasia. The European western part of the country is more populated and urbanised than the eastern. Russias capital Moscow is one of the largest cities in the world, other urban centers include Saint Petersburg, Novosibirsk, Yekaterinburg, Nizhny Novgorod. Extending across the entirety of Northern Asia and much of Eastern Europe, Russia spans eleven time zones and incorporates a range of environments. It shares maritime borders with Japan by the Sea of Okhotsk, the East Slavs emerged as a recognizable group in Europe between the 3rd and 8th centuries AD. Founded and ruled by a Varangian warrior elite and their descendants, in 988 it adopted Orthodox Christianity from the Byzantine Empire, beginning the synthesis of Byzantine and Slavic cultures that defined Russian culture for the next millennium. Rus ultimately disintegrated into a number of states, most of the Rus lands were overrun by the Mongol invasion. The Soviet Union played a role in the Allied victory in World War II. The Soviet era saw some of the most significant technological achievements of the 20th century, including the worlds first human-made satellite and the launching of the first humans in space. By the end of 1990, the Soviet Union had the second largest economy, largest standing military in the world. It is governed as a federal semi-presidential republic, the Russian economy ranks as the twelfth largest by nominal GDP and sixth largest by purchasing power parity in 2015. Russias extensive mineral and energy resources are the largest such reserves in the world, making it one of the producers of oil. The country is one of the five recognized nuclear weapons states and possesses the largest stockpile of weapons of mass destruction, Russia is a great power as well as a regional power and has been characterised as a potential superpower. The name Russia is derived from Rus, a state populated mostly by the East Slavs. However, this name became more prominent in the later history, and the country typically was called by its inhabitants Русская Земля. In order to distinguish this state from other states derived from it, it is denoted as Kievan Rus by modern historiography, an old Latin version of the name Rus was Ruthenia, mostly applied to the western and southern regions of Rus that were adjacent to Catholic Europe. The current name of the country, Россия, comes from the Byzantine Greek designation of the Kievan Rus, the standard way to refer to citizens of Russia is Russians in English and rossiyane in Russian. There are two Russian words which are translated into English as Russians
Russian Federation
–
Kievan Rus' in the 11th century
Russian Federation
–
Flag
Russian Federation
–
The
Baptism of Kievans, by
Klavdy Lebedev
Russian Federation
–
Sergius of Radonezh blessing
Dmitry Donskoy in
Trinity Sergius Lavra, before the
Battle of Kulikovo, depicted in a painting by
Ernst Lissner
39.
US dollar
–
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
US dollar
–
Series of 1917
$1 United States bill
US dollar
–
Federal Reserve Notes
US dollar
–
Spanish silver real or
peso of 1768
US dollar
–
Obverse of rare 1934 $500 Federal Reserve Note, featuring a portrait of President
William McKinley.
40.
Euro
–
Outside of Europe, a number of overseas territories of EU members also use the euro as their currency. Additionally,210 million people worldwide as of 2013 use currencies pegged to the euro, the euro is the second largest reserve currency as well as the second most traded currency in the world after the United States dollar. The name euro was adopted on 16 December 1995 in Madrid. The euro was introduced to world markets as an accounting currency on 1 January 1999. While the euro dropped subsequently to US$0.8252 within two years, it has traded above the U. S. dollar since the end of 2002, peaking at US$1.6038 on 18 July 2008. In July 2012, the euro fell below US$1.21 for the first time in two years, following concerns raised over Greek debt and Spains troubled banking sector, as of 26 March 2017, the euro–dollar exchange rate stands at ~ US$1.07. The euro is managed and administered by the Frankfurt-based European Central Bank, as an independent central bank, the ECB has sole authority to set monetary policy. The Eurosystem participates in the printing, minting and distribution of notes and coins in all states. The 1992 Maastricht Treaty obliges most EU member states to adopt the euro upon meeting certain monetary and budgetary convergence criteria, all nations that have joined the EU since 1993 have pledged to adopt the euro in due course. Since 5 January 2002, the central banks and the ECB have issued euro banknotes on a joint basis. Euro banknotes do not show which central bank issued them, Eurosystem NCBs are required to accept euro banknotes put into circulation by other Eurosystem members and these banknotes are not repatriated. The ECB issues 8% of the value of banknotes issued by the Eurosystem. In practice, the ECBs banknotes are put into circulation by the NCBs and these liabilities carry interest at the main refinancing rate of the ECB. The euro is divided into 100 cents, in Community legislative acts the plural forms of euro and cent are spelled without the s, notwithstanding normal English usage. Otherwise, normal English plurals are used, with many local variations such as centime in France. All circulating coins have a side showing the denomination or value. Due to the plurality in the European Union, the Latin alphabet version of euro is used. For the denominations except the 1-, 2- and 5-cent coins, beginning in 2007 or 2008 the old map is being replaced by a map of Europe also showing countries outside the Union like Norway
Euro
–
The
central bank has
its seat in
Frankfurt (Germany) and is in charge of the monetary policy of the
euro area.
Euro
–
Euro banknotes as of 2015
Euro
–
Euro coins and banknotes of various denominations.
41.
Eurozone
–
The eurozone, officially called the euro area, is a monetary union of 19 of the 28 European Union member states which have adopted the euro as their common currency and sole legal tender. The monetary authority of the eurozone is the Eurosystem, the other nine members of the European Union continue to use their own national currencies, although most of them are obliged to adopt the euro in future. Other EU states are obliged to join once they meet the criteria to do so, no state has left, and there are no provisions to do so or to be expelled. Andorra, Monaco, San Marino, and Vatican City have formal agreements with the EU to use the euro as their official currency and issue their own coins. The ECB, which is governed by a president and a board of the heads of central banks. The principal task of the ECB is to keep inflation under control, the Eurogroup is composed of the finance ministers of eurozone states, but in emergencies, national leaders also form the Eurogroup. Since the financial crisis of 2007–08, the eurozone has established and used provisions for granting loans to member states in return for the enactment of economic reforms. The eurozone has also enacted some limited fiscal integration, for example in peer review of each others national budgets, the issue is political and in a state of flux in terms of what further provisions will be agreed for eurozone change. In 1998 eleven member states of the European Union had met the euro convergence criteria, Greece qualified in 2000 and was admitted on 1 January 2001 before physical notes and coins were introduced on 1 January 2002 replacing all national currencies. Between 2007 and 2015, seven new states acceded, the 2012 data above of eurozone states were published by World Bank in May 2014. Latvia and Lithuania were not in the eurozone in 2012, the euro replaced the ECU1,1 at the exchange rate markets, on 1 January 1999. During 1979-1999, the D-Mark functioned as a de facto anchor for the ECU, the first enlargement of the eurozone, to Greece, took place on 1 January 2001, one year before the euro had physically entered into circulation. The next enlargements were to states which joined the EU in 2004, and then joined the eurozone on 1 January in the noted, Slovenia, Cyprus, Malta, Slovakia, Estonia, Latvia. All new EU members joining the bloc after the signing of the Maastricht treaty in 1992 are obliged to adopt the euro under the terms of their accession treaties, nine countries are EU members but do not use the euro. Before joining the eurozone, a state must spend two years in the European Exchange Rate Mechanism, as of January 2017, only the National Central Bank of Denmark participates in ERM II. Denmark and the United Kingdom obtained special opt-outs in the original Maastricht Treaty, both countries are legally exempt from joining the eurozone unless their governments decide otherwise, either by parliamentary vote or referendum. The other seven countries are obliged to adopt the euro in future and they should join as soon as they fulfil the convergence criteria, which include being part of ERM II for two years. Sweden, which joined the EU in 1995 after the Maastricht Treaty was signed, is required to join the eurozone, Interest in joining the eurozone increased in Denmark, and initially in Poland, as a result of the 2008 financial crisis
Eurozone
–
The
European Central Bank (
seat in
Frankfurt depicted) is the supranational
monetary authority of the eurozone.
Eurozone
Eurozone
–
Euro Group President
Jeroen Dijsselbloem
42.
Australian dollar
–
Within Australia, it is almost always abbreviated with the dollar sign, with A$ or AU$ sometimes used to distinguish it from other dollar-denominated currencies. It is subdivided into 100 cents, in 2011, the Australian dollar was the fifth most traded currency in the world, accounting for 7. 6% of the worlds daily share. It trades in the foreign exchange markets behind the US dollar, the euro, the yen. The currency is referred to by foreign-exchange traders as the Aussie dollar. With pounds, shillings and pence to be replaced by decimal currency on 14 February 1966, in 1963, the Prime Minister, Sir Robert Menzies, a monarchist, wished to name the currency the royal. Other proposed names included more exotic suggestions such as the austral, the oz, the boomer, the roo, the kanga, the emu, the digger, the quid, the dinkum and the ming. Menzies influence resulted in the selection of the royal, and trial designs were prepared and printed by the Reserve Bank of Australia, the Treasurer, Harold Holt, announced the decision in Parliament on 5 June 1963. The royal would be subdivided into 100 cents, but the existing names shilling, florin, the name royal for the currency proved very unpopular, with Holt and his wife even receiving death threats. On 24 July Holt told the Cabinet the decision had been a terrible mistake, on 18 September Holt advised Parliament that the name was to be the dollar, of 100 cents. The Australian pound, introduced in 1910 and officially distinct in value from the pound sterling since devaluation in 1931, was replaced by the dollar on 14 February 1966. The rate of conversion for the new currency was two dollars per Australian pound, or ten Australian shillings per dollar. The exchange rate was pegged to the pound sterling at a rate of $1 =8 shillings, in 1967, Australia effectively left the sterling area, when the pound sterling was devalued against the US dollar and the Australian dollar did not follow. It maintained its peg to the US dollar at the rate of A$1 = US$1.12, on 27 September 2012, the Reserve Bank of Australia stated that they had ordered work on a project to upgrade the current banknotes. The upgraded banknotes will incorporate a number of new features so that they remain secure into the future, the first new banknotes were issued from the 1st of September 2016, with the remaining denominations to be issued in the coming years. In 1966, coins were introduced in denominations of 1,2,5,10,20 and 50 cents. The initial 50-cent coins contained high silver content and were withdrawn after a year after the value of the silver content was found to exceed the face value of the coins. One-dollar coins were introduced in 1984, followed by two-dollar coins in 1988, the one- and two-cent coins were discontinued in 1991 and withdrawn from circulation. In commemoration of the 40th anniversary of decimal currency, the 2006 mint proof and uncirculated sets included one-, in early 2013, Australias first triangular coin was introduced, to mark the 25th anniversary of the opening of Parliament House
Australian dollar
–
$100
Australian dollar
43.
New Zealand dollar
–
The New Zealand dollar is the currency and legal tender of New Zealand, the Cook Islands, Niue, the Ross Dependency, Tokelau, and a British territory, the Pitcairn Islands. Within New Zealand, it is almost always abbreviated with the dollar sign, in the context of currency trading, it is often informally called the Kiwi, since New Zealand is commonly associated with the indigenous bird and the $1 coin depicts a kiwi. Introduced in 1967, the dollar is subdivided into 100 cents, altogether there are ten denominations—five coins and five banknotes—with the smallest being the 10-cent coin. Formerly there were lower denominations, but those were discontinued due to inflation, the New Zealand dollar is consistently one of the 10 most-traded currencies in the world, being approximately 2. 0% of global foreign exchange market daily turnover in 2013. Prior to the introduction of the New Zealand dollar in 1967, the New Zealand pound was the currency of New Zealand, which had been distinct from the pound sterling since 1933. The pound used the £sd system, in which the pound was divided into 20 shillings and one shilling was divided into 12 pence, switching to decimal currency had been proposed in New Zealand since the 1930s, although only in the 1950s did any plans come to fruition. In 1957, a committee was set up by the Government to investigate decimal currency, the idea fell on fertile ground, and in 1963, the Government decided to decimalise New Zealand currency. The Decimal Currency Act was passed in 1964, setting the date of transition to 10 July 1967, words such as fern, kiwi and zeal were proposed to avoid confusion with the word dollar, which many people at the time associated with the United States dollar. In the end, the dollar was chosen anyway. On Monday 10 July 1967, the New Zealand dollar was introduced to replace the pound at a rate of two dollars to one pound, some 27 million new banknotes were printed and 165 million new coins were minted for the changeover. The New Zealand dollar was pegged to the US dollar at US$1.43 = NZ$1. This rate changed on 21 November of the year to US$1.12 = NZ$1 after the devaluation of the British pound. In 1971 the US devalued its dollar relative to gold, leading New Zealand on 23 December to peg its dollar at US$1.216 with a 4. 5% fluctuation range, keeping the same gold value. From 9 July 1973 to 4 March 1985 the dollars value was determined from a basket of currencies. The NZ$ was floated on 4 March 1985 at the rate of US$0.4444. Since then the value has been determined by the financial markets. The dollars post-float minimum average daily value was US$0.3922 on 22 November 2000, much of this medium-term variation in the exchange rate has been attributed to differences in interest rates. The New Zealand dollars value is often affected by currency trading
New Zealand dollar
–
The reverse designs of the current circulating New Zealand dollar coins. Image by Reserve Bank of New Zealand.
44.
South African rand
–
The South African rand is the currency of South Africa. The rand is subdivided into 100 cents, unlike the US dollar, the decimal separator between a rand and cent is expressed by a comma. The ISO4217 code is ZAR, from Dutch Zuid-Afrikaanse Rand, the rand is the currency of the Common Monetary Area between South Africa, Swaziland, Lesotho, and Namibia. Historical users of the South African rand included South West Africa, the rand takes its name from the Witwatersrand, the ridge upon which Johannesburg is built and where most of South Africas gold deposits were found. The cent and rand was introduced in the then Union of South Africa on 14 February 1961, a Decimal Coinage Commission had been set up in 1956 to consider a move away from the denominations of pounds, shillings, and pence, submitting its recommendation on 8 August 1958. It replaced the South African pound as legal tender, at the rate of 2 rand to 1 pound, the government introduced a mascot, Decimal Dan, the rand-cent man. This was accompanied by a jingle, to inform the public about the new currency. By February 1985, it was trading over R2 per dollar, by the time that State President PW Botha made his Rubicon speech on 15 August 1985, it had weakened to R2.40 per dollar. The currency recovered somewhat between 1986–88, trading near the R2 level most of the time and even breaking beneath it sporadically. The recovery was short-lived, however, and by the end of 1989, a host of local and international events influenced the currency after that, most notably the 1994 democratic election which had it weaken to over R3. This sudden depreciation in 2001 led to an investigation, which in turn led to a dramatic recovery. By the end of 2002, the currency was trading under R9 to the dollar again, the currency softened somewhat in 2005, and was trading around R6.35 to the dollar at the end of the year. At the start of 2006, however, the currency resumed its rally, however, during the second and third quarters of 2006, the rand weakened significantly. In sterling terms, it fell from around 9. 5p to just over 7p, late in 2007, the rand rallied modestly to just over 8p, only to experience a precipitous slide during the first quarter of 2008. This downward slide could be attributed to a range of factors, South Africas worsening current account deficit, the rand depreciation was exacerbated by the Eskom electricity crisis, which arose from the utility being unable to meet the countrys rapidly growing energy demands. By the end of 2014, the rand had weakened to R15.05 per dollar, the rapid drop in value was stemmed when the President back-tracked and announced that the better-known previous Minister of Finance, Pravin Gordhan, would instead be appointed to the post. By mid-January, economists were speculating that the rand could expect to see further volatility for the rest of 2016, by 29 April, it reached its highest performance over the previous 5 months, exchanging at a rate of 14. Coins were introduced in 1961 in denominations of 1⁄2,1, 2 1⁄2,5,10,20, in 1965, 2-cent coins replaced the 2 1⁄2-cent coins
South African rand
–
Older notes and coins. The notes were replaced with the iconic "Big Five" notes and these were recently updated to show the face of Nelson Mandela.
South African rand
–
South African Banknotes 2012 circulation – starting 6 November 2012.
South African rand
–
2004 R5
45.
Indian rupee
–
The Indian rupee, is the official currency of the Republic of India. The rupee is subdivided into 100 paise, though as of 2011,25 paise is no more a legal tender, the issuance of the currency is controlled by the Reserve Bank of India. The Reserve Bank manages currency in India and derives its role in management on the basis of the Reserve Bank of India Act,1934. The rupee is named after the coin, rupiya, first issued by Sultan Sher Shah Suri in the 16th century. In 2010, a new symbol ₹, was officially adopted and it was derived from the combination of the Devanagari consonant र and the Latin capital letter R without its vertical bar. The parallel lines at the top are said to make an allusion to the tricolour Indian flag, the first series of coins with the new rupee symbol started in circulation on 8 July 2011. On 8 November 2016 the Government of India announced the demonetisation of ₹500 and ₹1000 banknotes with effect from midnight of the same day, a newly redesigned series of ₹500 banknote, in addition to a new denomination of ₹2000 banknote is in circulation since 10 November 2016. The new redesigned series is expected to be enlarged with banknotes in the denominations of ₹1000, ₹100. The word rupee was derived from the Sanskrit word रूप्यकम् or rupaya, the modern Indian rupee has a direct lineage from the rupiya, the silver coin, issued by Sher Shah Suri, continued by the Mughal rulers. Rūpa means to form or shape, example, Rūpyarūpa, rūpya — wrought silver, however, in the region of Bengal, the term taka has always been used to refer to currency. In the 14th century, Ibn Battuta noticed that people in the Bengal Sultanate referred to gold, today, the currency of Bangladesh is officially known as taka. The word taka in Bengali is also used generically to mean any money, currency. Thus, colloquially, a person speaking in Bengali may use taka to refer to money regardless of what currency it is denominated in, thus, in the states of West Bengal and Tripura the Indian rupee is officially known টাকা. Whereas, in the states of Assam and Odisha, the Indian rupee is known by names derived from the Sanskrit word ṭaṅka, টকা in Assamese. During his five-year rule from 1540 to 1545, Sultan Sher Shah Suri issued a coin of silver, weighing 178 grains, the silver coin remained in use during the Mughal period, Maratha era as well as in British India. Among the earliest issues of paper rupees include, the Bank of Hindustan, the General Bank of Bengal and Bihar, historically, the rupee was a silver coin. This had severe consequences in the century when the strongest economies in the world were on the gold standard. The discovery of large quantities of silver in the United States and several European colonies resulted in a decline in the value of relative to gold
Indian rupee
–
Silver punch mark coin of the
Maurya empire, known as Rūpyarūpa, 3rd century BCE.
Indian rupee
–
Indian rupee
Indian rupee
–
Rupiya issued by
Sher Shah Suri, 1540–1545 CE
Indian rupee
–
One-rupee banknote
46.
Russian alphabet
–
The Russian alphabet uses letters from the Cyrillic script. The modern Russian alphabet consists of 33 letters, the Russian alphabet is as follows, The consonant letters represent both as soft and hard consonant phonemes. A soft sign indicates ⟨Ь⟩ palatalization of the consonant without adding a vowel. ^† An alternate form of the letter El closely resembles the Greek letter for lambda, today it is used mostly to separate a prefix from the following root. Its original pronunciation, lost by 1400 at the latest, was that of a short middle schwa-like sound, /ŭ/. Until the 1918 reform, no word could end in a consonant. The soft sign acts like a silent front vowel and indicates that the consonant is palatalized. This is important as palatalization is phonemic in Russian, for example, брат contrasts with брать. The original pronunciation of the sign, lost by 1400 at the latest, was that of a very short fronted reduced vowel /ĭ/. There are still remnants of this ancient reading in modern Russian, in the co-existing versions of the same name, read differently, such as in Марья. The vowels ⟨е, ё, и, ю, я⟩ indicate a preceding palatalized consonant, the IPA vowels shown are a guideline only and sometimes are realized as different sounds, particularly when unstressed. However, ⟨е⟩ may be used in words of foreign origin without palatalization, ⟨ы⟩ is an old Proto-Slavic close central vowel, thought to have been preserved better in modern Russian than in other Slavic languages. It was originally nasalized in certain positions, камы, камень and its written form developed as follows, ⟨ъ⟩ + ⟨і⟩ → ⟨ъı⟩ → ⟨ы⟩. ⟨э⟩ was introduced in 1708 to distinguish the non-iotated/non-palatalizing /e/ from the iotated/palatalizing one, the original usage had been ⟨е⟩ for the uniotated /e/, ⟨ѥ⟩ or ⟨ѣ⟩ for the iotated, but ⟨ѥ⟩ had dropped out of use by the sixteenth century. In native Russian words, ⟨э⟩ is found only at the beginnings of words or in compound words. Many words, especially monosyllables, words ending in ⟨е⟩ and many words where ⟨е⟩ follows ⟨т⟩, ⟨д⟩, ⟨н⟩, ⟨с⟩, ⟨з⟩ or ⟨р⟩ are pronounced with /e/ without palatalization or iotation, секс, but many other words are pronounced with /ʲe/, секта, дебют. The letter ⟨ё⟩ is optional, it is correct to write ⟨e⟩ for both /je/ and /jo/. None of the attempts in the twentieth century to mandate the use of ⟨ё⟩ have stuck
Russian alphabet
–
Russian alphabet in capital letters
47.
Er (Cyrillic)
–
Er is a letter of the Cyrillic script. It commonly represents the alveolar trill /r/, like the sound in the Scottish pronunciation of ⟨r⟩ in curd. The Cyrillic letter Er was derived from the Greek letter Rho, the name of Er in the Early Cyrillic alphabet was рьци, meaning speak. In the Cyrillic numeral system, Er had a value of 100
Er (Cyrillic)
–
Cyrillic letter Er
48.
Central Bank of Russia
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Its functions are described in the Russian constitution and in the special Federal Law. The decision to create a State Bank of the Russian Empire was made by Emperor Peter III on May 1762, however, due to the coup on June 28,1762 and the murder of the Czar, the project was implemented. This ukaz also ratified the Statues of the bank, according to the Statute, it was a state-owned bank, intended for short-term credit of trade and industry. In early 1917 the Bank had 11 branches,133 permanent and 5 temporary offices and 42 agencies, on 7 November 1917 the Russian State Bank was disestablished and replaced by The Peoples Bank which existed until the establishment of the Soviet Gosbank. The Central Bank of the Russian Federation was established July 13,1990 as a result of the transformation of the Russian Republican Bank of the State Bank of the USSR and it was accountable to the Supreme Soviet of the RSFSR. In June 1991, the charter was adopted by the Bank of Russia, according to the constitution, it is an independent entity, with the primary responsibility of protecting the stability of the national currency, the ruble. It holds the right to issue ruble banknotes and coins through the Moscow and St. Petersburg mints. The central bank issues commemorative coins made of precious and non precious metals as well as investment ones made of precious metals, in 2010 in honor of its 150th anniversary it issued a 5-kilo commemorative gold coin Alexander II. Under Russian law, half of the profit must be channeled into the governments federal budget. The Central Bank of Russia is a member of the BIS, the Bank of Russia owns a 57. 58% stake in Sberbank, the countrys leading commercial bank. The Governor was appointed by the Emperor of Russia, the Chairman was appointed by the Premier of the Soviet Union. The President of the Board of Directors of the Central Bank is the head of the banking system of the Russian Federation. The Head is chosen by the President of Russia, and serves for four-year-terms after appointment, a Head may be appointed for several consecutive terms.5 points to 17 percent. This caused a run on the rouble, and on January 29, constitutional Economics and the Bank of Russia. Fordham Journal of Corporate and Financial Law
Central Bank of Russia
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Headquarters
Central Bank of Russia
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History
Central Bank of Russia
Central Bank of Russia
49.
Philippine peso
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The Philippine peso is the official currency of the Philippines. It is subdivided into 100 céntimos, as a former colony of the United States, the country used English on its currency, with the word peso appearing on notes and coinage until 1967. Since the adoption of Filipino language for banknotes and coins, the term piso is now used, the peso is usually denoted by the symbol ₱. Other ways of writing the Philippine peso sign are PHP, PhP, Php, P$, the ₱ symbol was added to the Unicode standard in version 3.2 and is assigned U+20B1. The symbol can be accessed through some word processors by typing in 20b1 and then pressing the Alt and this symbol is unique to the Philippines as the symbol used for the peso in countries like Mexico and other former colonies of Spain in Latin America is $. The Philippine coins and banknotes are minted and printed at the Security Plant Complex of the Bangko Sentral ng Pilipinas in Quezon City, the inconvenience of barter however later led to the use of some objects as a medium of exchange. The teston became the de facto unit of trade between Spaniards and Filipinos before the founding of Manila in 1574, the native Tagalog name for the coin was salapi. The monetary situation in the Philippine Islands was chaotic due to the circulation of many types of coins, with differing purity and weights, value equivalents of the different monetary systems were usually difficult to comprehend and hindered trade and commerce. An attempt to remedy the confusion was made in 1848. Overseeing the conversion was Fernándo Norzagaray y Escudero, governor general in the period 1857-60, conversion to the decimal system with the peso fuerte as the unit of account solved the accounting problem, but did little to remedy the confusion of differing circulating coinage. The mint was inaugurated on March 19,1861, despite the mintage of gold and silver coins, Mexican and South and Central American silver still circulated widely. The Isabelline peso, more known as the peso fuerte, was a unit of account divided into 100 céntimos. Its introduction led to the Philippines brief experiment with the gold standard, the peso fuerte was also a unit of exchange equivalent to 1.69 grams of gold,0.875 fine, equivalent to ₱1,390.87. Coin production at the Casa de Moneda de Manila began in 1861 with gold coins of three denominations,4 pesos,2 pesos, and 1 peso. On March 5,1862, Isabel II granted the mint permission to produce silver fractional coinage in denominations of 10,20, minting of these coins started in 1864, with designs similar to the Spanish silver escudo. The coin, which was to be known as the Spanish-Filipino peso, was minted in Madrid in 1897. The specifications of the coin was 25 grams of silver.900 fine and this configuration was also used in the creation of the Puerto Rican provincial peso in 1895 giving both coins the equivalency of 5 pesetas. The new monetary standard finally established the peso as 25 grams silver,0.900 fine, the Spanish-Filipino peso remained in circulation and were legal tender in the islands until 1904, when the American authorities demonetized them in favor of the new US-Philippine peso
Philippine peso
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Banknotes of the Philippine peso (2010 New Generation Currency).
Philippine peso
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Piloncitos, a type of coin used by the pre-colonial peoples of the archipelago.
Philippine peso
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El Banco Español-Filipino, 10 pesos (1896)
Philippine peso
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US Administration 50 centavos (half peso) silver coin minted in San Francisco in 1918.
), руб (colloquially)
Russia[note 3]
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United States dollar
Euro
Japanese yen
Pound sterling
Australian dollar
Canadian dollar
Swiss franc
Renminbi
Swedish krona
New Zealand dollar
Mexican peso
Singapore dollar
Hong Kong dollar
Norwegian krone
South Korean won
Turkish lira
Indian rupee
Brazilian real
South African rand
