1.
ISO 4217
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The ISO4217 code list is used in banking and business globally. ISO4217 codes are used on tickets and international train tickets to remove any ambiguity about the price. The first two letters of the code are the two letters of the ISO 3166-1 alpha-2 country codes and the third is usually the initial of the currency itself, so Japans currency code is JPY—JP for Japan and Y for yen. This eliminates the problem caused by the dollar, franc, peso and pound being used in dozens of different countries. Also, if a currency is revalued, the currency codes last letter is changed to distinguish it from the old currency. Other changes can be seen, however, the Russian ruble, for example, changed from RUR to RUB and these currency units are denominated as one troy ounce of the specified metal as opposed to USD1 or EUR1. The code XTS is reserved for use in testing, the code XXX is used to denote a transaction involving no currency. There are also codes specifying certain monetary instruments used in international finance, the codes for most supranational currencies, such as the East Caribbean dollar, the CFP franc, the CFA franc BEAC and the CFA franc BCEAO. The predecessor to the euro, the European Currency Unit, had the code XEU, the use of an initial letter X for these purposes is facilitated by the ISO3166 rule that no official country code beginning with X will ever be assigned. Because of this rule ISO4217 can use X codes without risk of clashing with a country code. ISO3166 country codes beginning with X are used for private custom use, consequently, ISO4217 can use X codes for non-country-specific currencies without risk of clashing with future country codes. The inclusion of EU in the ISO 3166-1 reserved codes list, the ISO4217 standard includes a crude mechanism for expressing the relationship between a major currency unit and its corresponding minor currency unit. This mechanism is called the exponent and assumes a base of 10. For example, USD is equal to 100 of its currency unit the cent. So the USD has exponent 2, the code JPY is given the exponent 0, because its minor unit, the sen, although nominally valued at 1/100 of a yen, is of such negligible value that it is no longer used. Usually, as with the USD, the currency unit has a value that is 1/100 of the major unit, but in some cases 1/1000 is used. Mauritania does not use a decimal division of units, setting 1 ouguiya equal to 5 khoums, some currencies do not have any minor currency unit at all and these are given an exponent of 0, as with currencies whose minor units are unused due to negligible value. There is also a code number assigned to each currency
2.
Cent (currency)
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In many national currencies, the cent, commonly represented by the cent sign is a monetary unit that equals 1⁄100 of the basic monetary unit. Etymologically, the word cent derives from the Latin word centum meaning hundred, cent also refers to a coin worth one cent. In the United States and Canada, the 1¢ coin is known by the nickname penny, alluding to the British coin. In Ireland the 1c coin is sometimes known as a penny in reference to the Irish penny. A cent is commonly represented by the cent sign, a letter c crossed by a diagonal stroke or a vertical line, ¢, or a simple c. Cent amounts from 1 cent to 99 cents can be represented as one or two digits followed by the abbreviation, or as a subdivision of the base unit. The cent sign has not survived the changeover from typewriters to computer keyboards, for the US International keyboard, <Right Alt> <Shift> c. On Macintosh systems, hold ⌥ Option and press 4 on the number row, on Unix/Linux systems with a compose key, Compose+|+C is a typical sequence. The cent sign has Unicode code point, U+00A2 ¢ cent sign, usage of the cent symbol varies from one currency to another. In the United States, Canada and Mexico, the usage ¢ is more common, while in Australia, New Zealand and the eurozone, in South Africa and Ireland, only the c is used. When written in English, the cent sign follows the amount, in contrast with a currency symbol. For example, 2¢ and $0.02, or 2c, greek coins have ΛΕΠΤΟ on the obverse of the one-cent coin and ΛΕΠΤΑ on the obverse of the others. Actual usage varies depending on language, South Korean Won no fractional denomination in circulation, formerly divided into 100 jeon
3.
Currency symbol
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A currency symbol is a graphic symbol used as a shorthand for a currencys name, especially in reference to amounts of money. The European Commission considers the global recognition of the euro sign € part of its success, in 2009, India launched a public competition to replace the ₨ ligature it shared with neighbouring countries. It finalised its new symbol, ₹ on 15 July 2010. It is a blend of the Latin letter R with the Devanagari letter र, when writing currency amounts the location of the symbol varies by currency. Many currencies in the English-speaking world and Latin America, place it before the amount, the Cape Verdean escudo places its symbol in the decimal separator position. The usage of many European countries, such as France, Germany, the decimal separator also follows local countries standards. For instance, the United Kingdom often uses an interpunct as the point on price stickers. Commas or decimal points are common separators used in other countries, see decimal separator for information on international standards. Older currency symbols have evolved slowly, often from previous currencies, the dollar and peso symbols originated from the mark employed to denote the Spanish real de a ocho, whereas the pound and lira symbols evolved from an L standing for libra, a Roman pound of silver. Newly invented currencies and currencies adopting new symbols have symbolism closer to their adopter, the added center bar in the real sign is meant to symbolize stability. The new Indian rupee symbol, ₹, is a combination of Latin. There are also considerations, such as the perception of the business community. For a new symbol to be used, software to render it needs to be promulgated, the EU was criticized for not considering how the euro symbol would need to be customized to work in different fonts. The original design was exceptionally wide. These two factors have led to most typefaces employing customized, font-specific versions, usually with reduced width, List of currencies List of circulating currencies Currency Symbols
4.
Dollar sign
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The dollar sign is a symbol primarily used to indicate the various units of currency around the world. The symbol can interchangeably have one or two vertical strokes, note that the two-stroked version is not the same symbol as the cifrão. In common usage, the sign appears to the left of the amount specified, the best documented explanation holds that the sign evolved out of the Spanish and Spanish American scribal abbreviation pˢ for pesos. A study of late eighteenth- and early nineteenth-century manuscripts shows that the s gradually came to be written over the p, a variation, though less plausible, of this hypothesis derives the sign from a combination of the Greek character psi and S. There are a number of hypotheses about the origin of the symbol, some with a measure of academic acceptance. Kingdom of Sicily Denaro minted in the Kingdom in Sicily at least by 1258–1266 had what could be construed as a dollar symbol. These coins were widely circulated due to the Crusades – and specifically the Crusade that targeted Tunis, several alternative hypotheses relate specifically to the dollar sign drawn with two vertical lines. A common hypothesis holds that the sign derives from the Spanish coat of arms, in 1492, Ferdinand II of Aragon adopted the symbol of the Pillars of Hercules and added the Latin warning Non plus ultra meaning nothing further beyond, indicating this is the end of the world. But when Christopher Columbus came to America, the legend was changed to Plus ultra, the Pillars of Hercules wrapped in a banner thus became a symbol of the New World. In this example the right-hand pillar clearly resembles the dollar sign, the symbol was adopted by Charles V and was part of his coat of arms representing Spains American possessions. The symbol was later stamped on coins minted in gold and silver, the coin, also known as Spanish dollar, was the first global currency used in the entire world since the Spanish Empire was the first global Empire. These coins, depicting the pillars over two hemispheres and a small S-shaped ribbon around each, were spread throughout America, Europe and Asia. According to this, traders wrote signs that, instead of saying Spanish dollar, had this made by hand. When the US got independence from the UK, they created the American dollar, a dollar sign with two vertical lines could have started off as a monogram of USA, used on money bags issued by the United States Mint. The letters U and S superimposed resemble the historical double-stroke dollar sign, robert Morris was such a zealous patriot – known as the Financier of the Revolution in the West – that conjecture does not overstep its bounds in purporting this hypothesis as viable. A similar idea claims that the letters U and S would stand for unit of silver, referencing pieces of eight again, another hypothesis is that it derives from the symbol used on a German Thaler. This refers to the Bible, Numbers, Chapter 21, a similar symbol, constructed by superposition of S and I or J, was used to denote German Joachimsthaler. It was known in the English-speaking world by the 17th century, robert Morris was the first to use that symbol in official documents and in official communications with Oliver Pollock
5.
Trinidad and Tobago
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During the same period, the island of Tobago changed hands among Spanish, British, French, Dutch and Courlander colonizers, more times than any other island in the Caribbean. Trinidad and Tobago were ceded to Britain in 1802 under the Treaty of Amiens, the country Trinidad and Tobago obtained independence in 1962, becoming a republic in 1976. Trinidad and Tobago is the third richest country by GDP per capita in the Americas after the United States, furthermore, it is recognised as a high-income economy by the World Bank. Unlike most of the English-speaking Caribbean, the economy is primarily industrial, with an emphasis on petroleum. The countrys wealth is attributed to its reserves and exploitation of oil. Historian E. L. Joseph claimed that Trinidads Amerindian name was Iere or Land of the Humming Bird, derived from the Arawak name for hummingbird, however, Boomert claims that neither cairi nor caeri means hummingbird and tukusi or tucuchi does. Others have reported that kairi and iere simply mean island, christopher Columbus renamed it La Isla de la Trinidad, fulfilling a vow made before setting out on his third voyage of exploration. Trinidad and Tobago are islands situated between 10°2 and 11°12 N latitude and 60°30 and 61°56 W longitude, at the closest point, Trinidad is just 11 kilometres from Venezuelan territory. Trinidad is 4,768 km2 in area with a length of 80 km. Tobago has an area of about 300 km2, or 5. 8% of the area, is 41 km long and 12 km at its greatest width. Trinidad and Tobago lie on the shelf of South America. The terrain of the islands is a mixture of mountains and plains, the highest point in the country is found on the Northern Range at El Cerro del Aripo, which is 940 metres above sea level. As the majority of the live in the island of Trinidad. There are four municipalities in Trinidad, Port of Spain. The main town in Tobago is Scarborough, Trinidad is made up of a variety of soil types, the majority being fine sands and heavy clays. The alluvial valleys of the Northern Range and the soils of the East-West Corridor are the most fertile, the Northern Range consists mainly of Upper Jurassic and Cretaceous metamorphic rocks. The Northern Lowlands consist of shallow marine clastic sediments. South of this, the Central Range fold and thrust belt consists of Cretaceous and Eocene sedimentary rocks, the Naparima Plains and the Nariva Swamp form the southern shoulder of this uplift
6.
Central bank
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A central bank, reserve bank, or monetary authority is an institution that manages a states currency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries, Central banks in most developed nations are institutionally designed to be independent from political interference. Still, limited control by the executive and legislative bodies usually exists, prior to the 17th century most money was commodity money, typically gold or silver. However, promises to pay were widely circulated and accepted as value at least five hundred years earlier in both Europe and Asia. The Song dynasty was the first to issue generally circulating paper currency, in 1455, in an effort to control inflation, the succeeding Ming Dynasty ended the use of paper money and closed much of Chinese trade. The Bank of Amsterdam, established in the Dutch Republic in 1609, is considered to be the forerunner to modern central banks. The Wisselbanks innovations helped lay the foundations for the birth and development of the banking system that now plays a vital role in the worlds economy. Along with a number of local banks, it performed many functions of a central banking system. Lucien Gillard calls it the European guilder, and Adam Smith devotes many pages to explaining how the bank guilder works, the model of the Wisselbank as a state bank was adapted throughout Europe, including the Bank of Sweden and the Bank of England. Established by Dutch-Latvian Johan Palmstruch in 1668, Sveriges Riksbank is often considered by many as the worlds oldest central bank, the lenders would give the government cash and also issue notes against the government bonds, which could be lent again. A Royal Charter was granted on 27 July through the passage of the Tonnage Act 1694, the bank was given exclusive possession of the governments balances, and was the only limited-liability corporation allowed to issue banknotes. The £1. 2M was raised in 12 days, half of this was used to rebuild the Navy and these modern central banking functions evolved slowly through the 18th and 19th centuries. The currency crisis of 1797, caused by panicked depositors withdrawing from the Bank led to the government suspending convertibility of notes into specie payment. The bank was accused by the bullionists of causing the exchange rate to fall from over issuing banknotes. Nevertheless, it was clear that the Bank was being treated as an organ of the state, henry Thornton, a merchant banker and monetary theorist has been described as the father of the modern central bank. An opponent of the real bills doctrine, he was a defender of the bullionist position, thorntons process of monetary expansion anticipated the theories of Knut Wicksell regarding the cumulative process which restates the Quantity Theory in a theoretically coherent form. Until the mid-nineteenth century, commercial banks were able to issue their own banknotes, many consider the origins of the central bank to lie with the passage of the Bank Charter Act of 1844. Under this law, authorisation to issue new banknotes was restricted to the Bank of England, at the same time, the Bank of England was restricted to issue new banknotes only if they were 100% backed by gold or up to £14 million in government debt
7.
Central Bank of Trinidad and Tobago
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The Central Bank of Trinidad and Tobago is the Central Bank of Trinidad and Tobago. The Central Bank of Trinidad and Tobago is located in the Eric Williams Financial Complex, the complex consists of the central bank auditorium and two sky-scrapers, locally known as the Twin Towers. The first tower houses the Central Bank of Trinidad and Tobago and it was only the second Central Bank to be established in the English-speaking Caribbean, the first being the Bank of Jamaica which was established in 1960. The Central Bank of Trinidad and Tobago was established by an Act of Parliament on December 12,1964, the Central Bank is the only institution in the country which is authorised to issue currency notes and coins. The Central Bank is responsible for, the design of the currency, for open market operations The Bank became the 100th member of the Alliance for Financial Inclusion in 2013. Additionally, it has made a Maya Declaration Commitment to transform the National Financial Literacy Programme into a National Training Institute for Financial Inclusion by the conclusion of 2014. The Institute will work with key stakeholders to develop a National Financial Inclusion strategy based on the G-20 principles of leadership, co-operation, the financial inclusion strategy will focus on the major pillars of financial education and financial consumer protection. In its 40 years of existence, the Bank has faced challenges, some a direct result of exogenous shocks. When the Bank was established in 1964, Trinidad and Tobago was part of the area which provided for full convertibility of the local currency into sterling. The Ministry of Finance administered exchange controls against other currencies, the late 1960s and early 1970s were characterized by great turmoil both at home and abroad. The external source of turmoil was linked to continuing concerns about the strength of sterling, in November 1967, when the pound sterling was devalued, the TT dollar was adjusted by the same amount to maintain its sterling parity.40 per US dollar. The Defence Finance regulations of 1942 under which exchange controls had been administered was replaced by a new Exchange Control Act in 1970, the domestic turmoil of the early 1970s came in the form of socio-political upheaval, and what came to be known as the Black Power Revolution. One outgrowth of this upheaval was the movement towards the localisation of commercial banks, initiated by the Government, in the mid-1980s, the Bank faced a major threat to the financial system when oil prices slumped and the economy slipped into recession. Several non-bank financial institutions failed due to weak internal controls and excessive exposure to the real estate market, initially, the Bank, in conjunction with the commercial banks, provided short term financial support. When it was clear that the problem was not one of liquidity but insolvency, the crisis of the finance companies was to absorb a great deal of the energy of the Banks leadership in the mid-1980s. In 1986, as a result of lessons learnt from the NFI crisis, several amendments were made to the Central Bank Act, the amendments conferred special emergency powers on the Bank to intervene in financial institutions to protect the interests of depositors and creditors. They also established the Deposit Insurance Corporation as a subsidiary of the Bank, the amendments were quite timely as the Bank utilized them that same year to close five NFIs. The Bank was also called upon to intervene in the Trinidad Co-operative Bank in 1986, in 1993, the Bank moved to merge the three indigenous institutions – National Commercial Bank, Workers Bank and Trinidad Co-operative Bank – to form the First Citizens Bank
8.
Currency code
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The ISO4217 code list is used in banking and business globally. ISO4217 codes are used on tickets and international train tickets to remove any ambiguity about the price. The first two letters of the code are the two letters of the ISO 3166-1 alpha-2 country codes and the third is usually the initial of the currency itself, so Japans currency code is JPY—JP for Japan and Y for yen. This eliminates the problem caused by the dollar, franc, peso and pound being used in dozens of different countries. Also, if a currency is revalued, the currency codes last letter is changed to distinguish it from the old currency. Other changes can be seen, however, the Russian ruble, for example, changed from RUR to RUB and these currency units are denominated as one troy ounce of the specified metal as opposed to USD1 or EUR1. The code XTS is reserved for use in testing, the code XXX is used to denote a transaction involving no currency. There are also codes specifying certain monetary instruments used in international finance, the codes for most supranational currencies, such as the East Caribbean dollar, the CFP franc, the CFA franc BEAC and the CFA franc BCEAO. The predecessor to the euro, the European Currency Unit, had the code XEU, the use of an initial letter X for these purposes is facilitated by the ISO3166 rule that no official country code beginning with X will ever be assigned. Because of this rule ISO4217 can use X codes without risk of clashing with a country code. ISO3166 country codes beginning with X are used for private custom use, consequently, ISO4217 can use X codes for non-country-specific currencies without risk of clashing with future country codes. The inclusion of EU in the ISO 3166-1 reserved codes list, the ISO4217 standard includes a crude mechanism for expressing the relationship between a major currency unit and its corresponding minor currency unit. This mechanism is called the exponent and assumes a base of 10. For example, USD is equal to 100 of its currency unit the cent. So the USD has exponent 2, the code JPY is given the exponent 0, because its minor unit, the sen, although nominally valued at 1/100 of a yen, is of such negligible value that it is no longer used. Usually, as with the USD, the currency unit has a value that is 1/100 of the major unit, but in some cases 1/1000 is used. Mauritania does not use a decimal division of units, setting 1 ouguiya equal to 5 khoums, some currencies do not have any minor currency unit at all and these are given an exponent of 0, as with currencies whose minor units are unused due to negligible value. There is also a code number assigned to each currency
9.
Currency
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A currency in the most specific use of the word refers to money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins. A more general definition is that a currency is a system of money in common use, under this definition, US dollars, British pounds, Australian dollars, and European euros are examples of currency. These various currencies are recognized stores of value and are traded between nations in exchange markets, which determine the relative values of the different currencies. Currencies in this sense are defined by governments, and each type has limited boundaries of acceptance, other definitions of the term currency are discussed in their respective synonymous articles banknote, coin, and money. The latter definition, pertaining to the systems of nations, is the topic of this article. Currencies can be classified into two systems, fiat money and commodity money, depending on what guarantees the value. Some currencies are legal tender in certain jurisdictions, which means they cannot be refused as payment for debt. Others are simply traded for their economic value, digital currency has arisen with the popularity of computers and the Internet. Currency evolved from two basic innovations, both of which had occurred by 2000 BC, originally money was a form of receipt, representing grain stored in temple granaries in Sumer in ancient Mesopotamia, then Ancient Egypt. In this first stage of currency, metals were used as symbols to represent value stored in the form of commodities and this formed the basis of trade in the Fertile Crescent for over 1500 years. Trade could only reach as far as the credibility of that military and it is not known what was used as a currency for these exchanges, but it is thought that ox-hide shaped ingots of copper, produced in Cyprus, may have functioned as a currency. It is thought that the increase in piracy and raiding associated with the Bronze Age collapse, possibly produced by the Peoples of the Sea, brought the trading system of oxhide ingots to an end. In Africa, many forms of value store have been used, including beads, ingots, ivory, various forms of weapons, livestock, the manilla currency, the manilla rings of West Africa were one of the currencies used from the 15th century onwards to sell slaves. African currency is still notable for its variety, and in many various forms of barter still apply. These factors led to the metal itself being the store of value, first silver, now we have copper coins and other non-precious metals as coins. Metals were mined, weighed, and stamped into coins and this was to assure the individual taking the coin that he was getting a certain known weight of precious metal. Coins could be counterfeited, but they created a new unit of account. Most major economies using coinage had several tiers of coins, using a mix of copper, silver, gold coins were used for large purchases, payment of the military and backing of state activities, they were more often used as measures of account than physical coins
10.
Dollar
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Dollar is the name of more than twenty currencies, including those of the United States, Canada, Australia, Taiwan, Hong Kong, Singapore, New Zealand, Liberia, Jamaica and Namibia. Generally, one dollar is divided into one hundred cents, on 15 January 1520, the Czech Kingdom of Bohemia began minting coins from silver mined locally in Joachimsthal and marked on reverse with the Czech lion. The coins were called joachimsthaler, which became shortened in common usage to thaler or taler, the German name Joachimsthal literally means Joachims valley or Joachims dale. A later Dutch coin also depicting a lion was called the leeuwendaler or leeuwendaalder, the Dutch Republic produced these coins to accommodate its booming international trade. The leeuwendaler circulated throughout the Middle East and was imitated in several German and Italian cities and this coin was also popular in the Dutch East Indies and in the Dutch New Netherland Colony. It was in throughout the Thirteen Colonies during the 17th. The currencies of Romania and Bulgaria are, to this day, the modern American-English pronunciation of dollar is still remarkably close to the 17th century Dutch pronunciation of daler. Some well-worn examples circulating in the Colonies were known as dog dollars, Spanish pesos – having the same weight and shape – came to be known as Spanish dollars. By the time of the American Revolution, Spanish dollars gained significance because they backed paper money authorized by the individual colonies, common in the Thirteen Colonies, Spanish dollars were even legal tender in one colony, Virginia. On April 2,1792, U. S. Secretary of the Treasury Alexander Hamilton reported to Congress the precise amount of found in Spanish dollar coins in common use in the states. As a result, the United States dollar was defined as a unit of silver weighing 371 4/16th grains. It was specified that the money of account of the United States should be expressed in those same dollars or parts thereof, in an act passed in January 1837, the dollars alloy was set at 15%. Subsequent coins would contain the amount of pure silver as previously. On February 21,1853, the quantity of silver in the coins was reduced. However, the dollars constitutional meaning has remained unchanged through the years, silver was mostly removed from U. S. coinage by 1965 and the dollar became a free-floating fiat currency without a commodity backing defined in terms of real gold or silver. The US Mint continues to make silver $1-denomination coins, but these are not intended for general circulation, there are many quotes in the plays of William Shakespeare referring to dollars as money. This might be supported by a reference to the sum of ten dollars in Macbeth. In 1804, a British five-shilling piece, or crown, was sometimes called dollar and it was an overstruck Spanish eight real coin, the original of which was known as a Spanish dollar
11.
Eastern Caribbean
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It also performs the role of spreading responsibility and liability in the event of natural disaster, such as a hurricane. The main organ of the OECS, the Commission, is based in the city of Castries. The OECS was created on 18 June 1981, with the Treaty of Basseterre, the OECS is the successor of the Leewards Islands political organisation known as the West Indies Associated States. One prominent aspect of the modern day OECS economic bloc has been the accelerated pace of integration among its member states. All of the members-states of the OECS are either Full or Associate members of the Caribbean Community and were among the second batch of countries that joined the CARICOM Single Market, Martinique is currently negotiating to become an associate member of the Caribbean Community as well. The OECS currently has ten members, spread across the Eastern Caribbean, together, they form a near-continuous archipelago across the Leeward Islands and Windward Islands. The two most geographically isolated members, Anguilla and the British Virgin Islands, have associate membership of the organisation. As a result, diplomatic missions of the OECS do not represent these two states, nor do OECS diplomatic missions represent Martinique, the third associate member. For the purposes of discussing the membership, they are treated as equals of the full members. Six of the members were formerly colonies of the United Kingdom, three others, Anguilla, the British Virgin Islands, and Montserrat remain overseas territories of the UK while Martinique continues to be an overseas department and region of France. Eight of the ten members consider Queen Elizabeth II to be sovereign, as well, the Queens likeness appears on the East Caribbean dollars coins and banknotes. All seven full members are also the members of the OECS. The British Virgin Islands was the first associate member, joining on 22 November 1984 and Anguilla was the second, on 1 February 2015, it was announced that Martinique would become a new associate member of the OECS on 4 February 2015. The occasion will be marked by a ceremony in Martiniques capital. It also follows the unanimous vote in favour of Martiniques associate membership of the OECS in Martiniques Regional Assembly in November 2013, OECS Director General, Dr. Martinique officially acceded as an associate member on 4 February 2015. Didacus Jules, Director General of OECS, said that the OECS was fortunate that Martinique is now an Associate Member, the table lists full members in alphabetical order and associate members in chronological order of their joining the OECS. Although almost all of the current full and associate members are past or present British dependencies, the first was the United States Virgin Islands, which applied for associate membership in February 1990 and requested that US Federal Government allow the territory to participate as such. At that time, it was felt by the US government that it was not a time to make such a request
12.
Anne, Queen of Great Britain
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Anne became Queen of England, Scotland and Ireland on 8 March 1702. On 1 May 1707, under the Acts of Union, two of her realms, the kingdoms of England and Scotland, united as a sovereign state known as Great Britain. She continued to reign as Queen of Great Britain and Ireland until her death, Anne was born in the reign of her uncle Charles II, who had no legitimate children. Her father, James, was first in line to the throne and his suspected Roman Catholicism was unpopular in England, and on Charless instructions Anne was raised as an Anglican. Three years after he succeeded Charles, James was deposed in the Glorious Revolution of 1688, Annes Dutch Protestant brother-in-law and cousin William III became joint monarch with his wife, Annes elder sister Mary II. Although the sisters had been close, disagreements over Annes finances, status and choice of acquaintances arose shortly after Marys accession, William and Mary had no children. After Marys death in 1694, William continued as sole monarch until he was succeeded by Anne upon his death in 1702, as queen, Anne favoured moderate Tory politicians, who were more likely to share her Anglican religious views than their opponents, the Whigs. The Whigs grew more powerful during the course of the War of the Spanish Succession and her close friendship with Sarah Churchill, Duchess of Marlborough, turned sour as the result of political differences. Anne was plagued by ill health throughout her life, from her thirties onwards, she grew increasingly lame and obese. Despite seventeen pregnancies by her husband, Prince George of Denmark, she died without any surviving children and was the last monarch of the House of Stuart. Anne was born at 11,39 p. m. on 6 February 1665 at St Jamess Palace, London, the child and second daughter of James, Duke of York. At her Anglican baptism in the Chapel Royal at St Jamess, her sister, Mary, was one of her godparents, along with the Duchess of Monmouth. The Duke and Duchess of York had eight children, but Anne, as a child, Anne suffered from an eye condition, which manifested as excessive watering known as defluxion. For medical treatment, she was sent to France, where she lived with her grandmother, Queen Henrietta Maria. Following her grandmothers death in 1669, Anne lived with an aunt, Henrietta Anne, on the sudden death of her aunt in 1670, Anne returned to England. Her mother died the following year, as was traditional in the royal family, Anne and her sister were brought up separated from their father in their own establishment at Richmond, London. On the instructions of Charles II, they were raised as Protestants, placed in the care of Colonel Edward and Lady Frances Villiers, their education was focused on the teachings of the Anglican church. Henry Compton, Bishop of London, was appointed as Annes preceptor, around 1671, Anne first made the acquaintance of Sarah Jennings, who later became her close friend and one of her most influential advisors
13.
Spanish dollar
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Its purpose was to correspond to the German thaler. The Spanish dollar was used by many countries as the first international currency because of its uniformity in standard. Some countries countersigned the Spanish dollar so it could be used as their local currency, the Spanish dollar was the coin upon which the original United States dollar was based, and it remained legal tender in the United States until the Coinage Act of 1857. Because it was used in Europe, the Americas. Diverse theories link the origin of the $ symbol to the columns, millions of Spanish dollars were minted over the course of several centuries. They were among the most widely circulating coins of the period in the Americas. In the 16th century, Count Hieronymus Schlick of Bohemia began minting coins known as Joachimsthalers, named for Joachimsthal, the Joachimsthalers weighed 451 Troy grains of silver. So successful were these coins that similar thalers were minted in Burgundy, the Burgundian Cross Thaler depicted the Cross of Burgundy and was prevalent in the Burgundian Netherlands that were revolting against the Spanish king and Duke of Burgundy Philip II. After 1575, the Dutch revolting provinces replaced the currency with a daalder depicting a lion, specifically to facilitate export trade, the leeuwendaalder was authorized to contain 427.16 grains of.750 fine silver, lighter than the large denomination coins then in circulation. Clearly it was advantageous for a Dutch merchant to pay a foreign debt in leeuwendaalders rather than in other heavier. Thus, the leeuwendaalder or lion dollar became the coin of choice for foreign trade and it became popular in the Middle East, and colonies in the east and west. They also circulated throughout the English colonies during the Seventeenth and early Eighteenth centuries, from New Netherland the lion dollar spread to all thirteen colonies in the west. After the introduction of the Guldengroschen in Austria in 1486, the concept of a silver coin with high purity eventually spread throughout the rest of Europe. Monetary reform in Spain brought about the introduction of an 8-real coin in 1497, in 1537 the Spanish escudo gold coin was introduced, which was worth 16 reales. The later Gold Doubloon was worth 32 reales or 2 escudos and it is this divisibility into 8 which caused the silver coins to be named pieces of eight. In the following centuries, the coin was minted with different designs at various mints in Spain. In the 19th century, the denomination was changed to 20 reales. Spains adoption of the peseta in 1869 and its joining the Latin Monetary Union meant the end of the last vestiges of the Spanish dollar in Spain itself
14.
Mexican peso
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The Mexican peso is the currency of Mexico. Modern peso and dollar currencies have a origin in the 15th–19th century Spanish dollar, most continuing to use its sign. The Mexican peso is the 8th most traded currency in the world, the third most traded currency originating from the Americas, the current ISO4217 code for the peso is MXN, prior to the 1993 revaluation, the code MXP was used. The peso is subdivided into 100 centavos, represented by ¢, as of March 31,2017, the pesos exchange rate was $19.94 per Euro and $18.71 per U. S. dollar. The name was used in reference to pesos oro or pesos plata. The Spanish word peso means weight, the peso was originally the name of the eight-real coins issued in Mexico by Spain. These were the so-called Spanish dollars or pieces of eight in wide circulation in the Americas, in 1863, the first issue was made of coins denominated in centavos, worth one hundredth of the peso. This was followed in 1866 by coins denominated one peso, coins denominated in reales continued to be issued until 1897. In 1905, the content of the peso was reduced by 49. 3%. However, from 1918 onward, the weight and fineness of all the coins declined, until 1977. On January 1,1993 the Bank of Mexico introduced a new currency, one new peso, or N$1.00, was equal to 1000 of the obsolete MXP pesos. The ISO4217 code, however, remained unchanged as MXN, thanks to the stability of the Mexican economy and the growth in foreign investment, the Mexican peso is now among the 15 most traded currency units in recent years. The first coins of the currency were 1 centavo pieces minted in 1863. Emperor Maximilian, ruler of the Second Mexican Empire from 1864–1867 and his portrait was on the obverse, with the legend Maximiliano Emperador, the reverse shows the imperial arms and the legends Imperio Mexicano and 1 Peso and the date. They were struck from 1866 to 1867, the New Mexican republic continued to strike the 8 reales piece, but also began minting coins denominated in centavos and pesos. In addition to copper 1 centavo coins, silver coins of 5,10,25 and 50 centavos and 1 peso were introduced between 1867 and 1869, gold 1, 2½,5,10 and 20-peso coins were introduced in 1870. The obverses featured the Mexican eagle and the legend Republica Mexicana, the reverses of the larger coins showed a pair of scales, those of the smaller coins, the denomination. One-peso coins were made from 1865 to 1873, when 8 reales coins resumed production, in 1882, cupro-nickel 1,2 and 5 centavos coins were issued but they were only minted for two years
15.
Pound sterling
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It is subdivided into 100 pence. A number of nations that do not use sterling also have called the pound. At various times, the sterling was commodity money or bank notes backed by silver or gold. The pound sterling is the worlds oldest currency still in use, the British Crown dependencies of Guernsey and Jersey produce their own local issues of sterling, the Guernsey pound and the Jersey pound. The pound sterling is also used in the Isle of Man, Gibraltar, the Bank of England is the central bank for the pound sterling, issuing its own coins and banknotes, and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Sterling is the fourth most-traded currency in the exchange market, after the United States dollar, the euro. Together with those three currencies it forms the basket of currencies which calculate the value of IMF special drawing rights, Sterling is also the third most-held reserve currency in global reserves. The full, official name, pound sterling, is used mainly in formal contexts, otherwise the term pound is normally used. The abbreviations ster. or stg. are sometimes used, the term British pound is commonly used in less formal contexts, although it is not an official name of the currency. The pound sterling is also referred to as cable amongst forex traders, the origins of this term are attributed to the fact that in the 1800s, the dollar/pound sterling exchange rate was transmitted via transatlantic cable. Forex brokers are sometimes referred to as cable dealers, as another established source notes, the compound expression was then derived, silver coins known as sterlings were issued in the Saxon kingdoms,240 of them being minted from a pound of silver. Hence, large payments came to be reckoned in pounds of sterlings, in 1260, Henry III granted them a charter of protection. And because the Leagues money was not frequently debased like that of England, English traders stipulated to be paid in pounds of the Easterlings, and land for their Kontor, the Steelyard of London, which by the 1340s was also called Easterlings Hall, or Esterlingeshalle. For further discussion of the etymology of sterling, see sterling silver, the currency sign for the pound sign is £, which is usually written with a single cross-bar, though a version with a double cross-bar is also sometimes seen. The ISO4217 currency code is GBP, occasionally, the abbreviation UKP is used but this is non-standard because the ISO3166 country code for the United Kingdom is GB. The Crown dependencies use their own codes, GGP, JEP, stocks are often traded in pence, so traders may refer to pence sterling, GBX, when listing stock prices. A common slang term for the pound sterling or pound is quid, since decimalisation in 1971, the pound has been divided into 100 pence. The symbol for the penny is p, hence an amount such as 50p properly pronounced fifty pence is more colloquially, quite often, pronounced fifty pee /fɪfti, pi and this also helped to distinguish between new and old pence amounts during the changeover to the decimal system
16.
Tobago
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Tobago /təˈbeɪɡoʊ/ is an autonomous island within the Republic of Trinidad and Tobago. It is located northeast of the mainland of Trinidad and southeast of Grenada, the island lies outside the hurricane belt. According to the earliest English-language source cited in the Oxford English Dictionary, the national bird of Tobago is the cocrico. The population was 60,874 at the 2011 census, the capital, Scarborough, has a population of about 25,550. While Trinidad is multiethnic, Tobagos population is primarily of African descent, although with a proportion of Trinidadians of East Indian descent. Between 2000 and 2011, the population of Tobago grew by 12.55 percent, making it one of the areas of Trinidad. Christopher Columbus first sighted Tobago in 1498, subsequently, several powers fought over possession of the island. The original Island Carib population had to defend the island against other Amerindian tribes, from about 1672, during the temporary British rule of 1672-1674, Tobago had a period of stability during which plantation culture began. Sugar, cotton and indigo factories sprang up and Africans were imported to work as slaves, france had abandoned the island to Britain in 1763, and by 1777 Tobago was exporting great quantities of cotton, indigo, rum and sugar. But in 1781, the French re-invaded Tobago, and destroyed the plantations, the islands buoyant economy fell into decline. In 1814, when the island came under British control. But a severe hurricane in 1847, combined with the collapse of plantation underwriters, in 1889 the island became a ward of Trinidad. Without sugar, the islanders had to other crops, planting acres of limes, coconuts and cocoa. In 1963 Hurricane Flora ravaged Tobago, destroying the villages and crops, a restructuring programme followed and attempts were made to diversify the economy. The development of a tourist industry began, local Government and Central Government functions in Tobago are handled by the Tobago House of Assembly. The current Chief Secretary of the THA is Kelvin Charles, the island was most recently featured in the international press in early 2007, for its establishment of a Minister of Mental Health. Minister Ellen Tang was appointed on the first anniversary of the launch of the Happiness Project and her aide, Melody Williams, has been allocated a major proportion of the annual housing funding to revamp government housing projects all over the island. Tobago is divided into seven parishes – three in the Western Region and four in the Eastern Region, Tobago has an area of 300 km² and is approximately 40 kilometres long and 10 kilometres wide
17.
Trinidad
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Trinidad is the larger and more populous of the two major islands and numerous landforms which make up the island nation of Trinidad and Tobago. The island lies 11 km off the northeastern coast of Venezuela, though geographically part of the South American continent, from a socio-economic standpoint it is often referred to as the southernmost island in the Caribbean. With an area of 4,768 km2, it is also the sixth largest in the West Indies, many believe the original name for the island in the Arawaks language was Iëre which meant Land of the Hummingbird. Some believe that Iere was actually a mispronunciation or corruption by early colonists of the Arawak word Kairi which simply means Island, Christopher Columbus renamed it La Isla de la Trinidad, fulfilling a vow he had made before setting out on his third voyage of exploration. Caribs and Arawaks lived in Trinidad long before Christopher Columbus encountered the islands on his voyage in 1498. Tobago changed hands between the British, French, Dutch and Courlanders, but eventually ended up in British hands, Trinidad remained Spanish until 1797, but it was largely settled by French colonists from the French Caribbean, especially Martinique. In 1889 the two became a single British Crown colony. Trinidad and Tobago obtained self-governance in 1958 and independence from the United Kingdom in 1962, major landforms include the hills of the Northern, Central and Southern Ranges, the Caroni, Nariva and Oropouche Swamps, and the Caroni and Naparima Plains. Major river systems include the Caroni, North and South Oropouche, there are many other natural landforms such as beaches and waterfalls. Trinidad has two seasons per year, the rainy season and the dry season. El Cerro del Aripo, at 940 metres, is the highest point in Trinidad and it is part of the Aripo Massif and is located in the Northern Range on the island, northeast of the town of Arima. Diversity is the status quo in Trinidad and it is sometimes known as a rainbow island or more fondly a callaloo. There is a range of ethnicity, religion, and culture. As of the 2011 Trinidad and Tobago Census, the population was 34. 22% East Indian,35. 43% African,7. 66% Mixed - African and East Indian, and 15. 16% Mixed - Other. Venezuela has also had a impact on Trinidads culture, such as introducing the music style parang to the island. Many of these groups overlap heavily due to admixture, for example Dougla is a term used to describe a person who is of African and East Indian descent. Trinidad religion primarily centers round Roman Catholic, Anglican, other Christian denominations, Hindu, catholicism constitutes the largest religious denomination of the country. There are also multiple festivals featuring the music of the Caribbean and the steelpan and these festivals include the world-famous Carnival, Jouvert, and Panorama, the national steel pan competition
18.
Shilling
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The shilling is a unit of currency formerly used in the United Kingdom, Australia, United States, and other British Commonwealth countries. The word shilling comes from scilling, a term that dates back to Anglo-Saxon times, and from there back to Old Norse. Slang terms for the old shilling coins include bob and hog, while the derivation of bob is uncertain, John Camden Hotten in his 1864 Slang Dictionary says the original version was bobstick and wonders if it is connected with Sir Robert Walpole. One abbreviation for shilling is s, often it was represented by a solidus symbol, which may have originally stood for a long s or ſ, thus 1/9 would be one shilling and ninepence. A price with no pence was sometimes written with a slash, the solidus symbol is still used for the shilling currency unit in former British East Africa, rather than sh. During the Great Recoinage of 1816, the mint was instructed to coin one troy pound of silver into 66 shillings. This set the weight of the shilling, and its subsequent decimal replacement 5 new pence coin, at 87.2727 grains or 5.655 grams from 1816 until 1990, in the past, the English world has had various myths about the shilling. One myth was that it was deemed to be the value of a cow in Kent or a sheep elsewhere, a shilling was a coin used in England from the reign of Henry VII. The term shilling was in use in Scotland from early medieval times, the common currency created in 1707 by Article 16 of the Articles of Union continued in use until decimalisation in 1971. In the traditional pounds, shillings and pence system, there were 20 shillings per pound and 12 pence per shilling, three coins denominated in multiple shillings were also in circulation at this time. In the Irish Free State and Republic of Ireland the shilling was issued as scilling in Irish and it was worth 1/20th of an Irish pound, and was interchangeable at the same value to the British coin, which continued to be used in Northern Ireland. The coin featured a bull on the reverse side, the first minting, from 1928 until 1941, contained 75% silver, more than the equivalent British coin. The original Irish shilling coin ) was withdrawn from circulation on 1 January 1993, Australian shillings, twenty of which made up one Australian pound, were first issued in 1910, with the Australian coat of arms on the reverse and King Edward VII on the face. The coat of arms design was retained through the reign of King George V until a new head design was introduced for the coins of King George VI. This design continued until the last year of issue in 1963, in 1966, Australias currency was decimalised and the shilling was replaced by a ten cent coin, where 10 shillings made up one Australian dollar. The slang term for a coin in Australia was deener. The slang term for a shilling as currency unit was bob, after 1966, shillings continued to circulate, as they were replaced by 10-cent coins of the same size and weight. New Zealand shillings, twenty of which made up one New Zealand pound, were first issued in 1933, in 1967, New Zealands currency was decimalised and the shilling was replaced by a ten cent coin of the same size and weight
19.
Grenada
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Grenada is an island country consisting of Grenada itself and six smaller islands at the southern end of the Grenadines in the southeastern Caribbean Sea. Grenada is located northwest of Trinidad and Tobago, northeast of Venezuela, and southwest of Saint Vincent, Grenada is also known as the Island of Spice because of the production of nutmeg and mace crops, of which it is one of the worlds largest exporters. Its size is 344 square kilometres, with a population of 110,000. The national bird of Grenada is the critically endangered Grenada dove, before the arrival of Europeans, Grenada was inhabited by indigenous Arawaks and, subsequently, Island Caribs. Christopher Columbus sighted Grenada in 1498 during his voyage to the Americas. Although it was deemed the property of the King of Spain, French settlement and colonisation began in 1650 and continued for the next century. On 10 February 1763 Grenada was ceded to the British under the Treaty of Paris, British rule continued, except for a period of French rule between 1779 and 1783, until 1974. From 1958 to 1962 Grenada was part of the Federation of the West Indies, on March 3,1967, Grenada was granted full autonomy over its internal affairs as an Associated State. Herbert Blaize was the first Premier of the Associated State of Grenada from March to August 1967, Eric Gairy served as Premier from August 1967 until February 1974. Independence was granted on February 7,1974, under the leadership of Eric Gairy, Bishop was later freed by popular demonstration and attempted to resume power, but was captured and executed by soldiers. On October 25,1983, combined forces from the United States, the invasion was highly criticised by the governments of Britain, Trinidad and Tobago, and Canada, along with the United Nations General Assembly. Elections were held in December 1984 and were won by the Grenada National Party under Herbert Blaize who served as minister until his death in December 1989. On September 7,2004, after being hurricane-free for 49 years, the island was hit by Hurricane Ivan. On July 14,2005, Hurricane Emily struck the northern part of the island, the origin of the name Grenada is obscure, but it is likely that Spanish sailors renamed the island for the city of Granada. By the beginning of the 18th century, the name Grenada, on his third voyage to the region in 1498, Christopher Columbus sighted Grenada and named it La Concepción in honour of the Virgin Mary. It is said that he may have named it Assumpción. However, history has accepted that it was Tobago he named Assumpción, in 1499, the Italian explorer Amerigo Vespucci travelled through the region with the Spanish explorer Alonso de Ojeda and mapmaker Juan de la Cosa. Vespucci is reported to have renamed the island Mayo, which is how it appeared on maps for around the next 20 years, in the 1520s the Spanish named the islands to the north of Mayo as Los Granadillos, presumably after the mainland Spanish town
20.
Eastern Caribbean dollar
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The Eastern Caribbean dollar is the currency of all seven full members and one associate member of the Organisation of Eastern Caribbean States. The EC$ is subdivided into 100 cents and it has been pegged to the United States dollar since July 7,1976, and the exchange rate is US$1 = EC$2.70. Six of the using the EC$ are independent states, Antigua and Barbuda, Dominica, Grenada, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent. The other two are British overseas territories, Anguilla and Montserrat and these states are all members of the Eastern Caribbean Currency Union. The only OECS associate member not using the Eastern Caribbean dollar as their currency is the British Virgin Islands. The British Virgin Islands were always problematic for currency purposes due to their proximity to the Danish West Indies which became the US Virgin Islands in 1917. Officially, the British Virgin Islands used to use sterling, but in practice the situation was a lot more complicated and involved the circulation of Francs, British Guiana and Barbados had previously been members of this currency union but withdrew in 1966 and 1972 respectively. Trinidad and Tobago had been a member of the earlier British West Indies currency union, the combined population of the EC$ area is about 613,000, which is comparable to Montenegro or the American capital city of Washington, D. C. The combined GDP is 5.46 billion US dollars, which is comparable to Bermuda, Queen Elizabeth II appears on the banknotes and also on the obverse of the coins. She is the head of state of all the states and territories using the EC$, Dominica is nevertheless a member of the Commonwealth of Nations which recognises Queen Elizabeth II as Head of the Commonwealth. Queen Annes proclamation of 1704 introduced the standard to the British West Indies. Nevertheless, silver pieces of eight continued to form an important portion of the circulating coinage right up until the late 1870s, in 1822, the British government coined 1/4, 1/8, and 1/16 fractional Anchor dollars for use in Mauritius and the British West Indies. A few years later copper fractional dollars were coined for Mauritius, Sierra Leone, the first move to introduce British sterling silver coinage to the colonies came with an imperial order-in-council dated 1825. This move was inspired by a number of factors, the United Kingdom was now operating a very successful gold standard in relation to the gold sovereign that was introduced in 1816, and there was a desire to extend this system to the colonies. In addition to this, there was the fact that the supply of Spanish dollars had been cut off as a result of the revolutions in Latin America where most of the Spanish dollars were minted, the last Spanish Dollar was in fact minted at Potosi in 1825. There was now a growing desire to have a stable and steady supply of British shillings everywhere the British drum was beating. The 1825 order-in-council was largely a failure because it made sterling coinage legal tender at the unrealistic rating in relation to the Spanish dollar of $1 =4 shillings and 4 pence. The reality of the rating between the dollar and the pound was based on the content of the Spanish pieces of eight as compared to the gold content of the British gold sovereign
21.
Coin
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A coin is a small, flat, round piece of metal or plastic used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in quantities at a mint in order to facilitate trade. They are most often issued by a government, Coins are usually metal or alloy, or sometimes made of synthetic materials. Coins made of metal are stored in large quantities as bullion coins. Other coins are used as money in transactions, circulating alongside banknotes. Usually the highest value coin in circulation is less than the lowest-value note. In the last hundred years, the value of circulation coins has occasionally been lower than the value of the metal they contain. Exceptions to the rule of face value being higher than content value also occur for some bullion coins made of copper, silver, or gold, while the Eagle, Maple Leaf, and Sovereign coins have nominal face values, the Krugerrand does not. The first coins were developed independently in Iron Age Anatolia and Archaic Greece, India, Coins spread rapidly in the 6th and 5th centuries BCE, throughout Greece and Persia, and further to the Balkans. Standardized Roman currency was used throughout the Roman Empire, important Roman gold and silver coins were continued into the Middle Ages. Fiat money first arose in medieval China, with the paper money. Early paper money was introduced in Europe in the later Middle Ages, the penny was minted as a silver coin until the 17th century. The first circulating United States coins were cents, produced in 1793, Coins were an evolution of currency systems of the Late Bronze Age, where standard-sized ingots, and tokens such as knife money, were used to store and transfer value. In the late Chinese Bronze Age, standardized cast tokens were made and these were replicas in bronze of earlier Chinese currency, cowrie shells, so they were named Bronze Shell. According to Aristotle and Pollux, the first issuer of coins was Hermodike of Kyme The earliest coins are associated with Iron Age Anatolia. Early electrum coins were not standardized in weight, and in their earliest stage may have been ritual objects, such as badges or medals, issued by priests. The first Lydian coins were made of electrum, a naturally occurring alloy of silver, most of the early Lydian coins include no writing, only an image of a symbolic animal. Anatolian Artemis was the Πὀτνια Θηρῶν, whose symbol was the stag, a small percentage of early Lydian/Greek coins have a legend
22.
Cupro-nickel
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Cupronickel is an alloy of copper that contains nickel and strengthening elements, such as iron and manganese. Despite its high content, cupronickel is silver in colour. Cupronickel is highly resistant to corrosion in seawater because its potential is adjusted to be neutral with regard to seawater. Another common use of cupronickel is in silver-coloured modern-circulated coins, a typical mix is 75% copper, 25% nickel, and a trace amount of manganese. In the past, true silver coins were debased with cupronickel, Cupronickel alloys are used for marine applications due to their resistance to seawater corrosion, good fabricability, and their effectiveness in lowering macrofouling levels. Alloys ranging in composition from 90% Cu–10% Ni to 70% Cu–30% Ni are commonly specified in heat exchanger or condenser tubes in a variety of marine applications. Desalination plants, Cupronickel alloys are used in brine heaters, heat rejection and recovery, offshore oil and gas platforms and processing and FPSO vessels, Cupronickel alloys are used in systems and splash zone sheathings. Power generation, Cupronickel alloys are used in steam turbine condensers, oil coolers, auxiliary cooling systems and high pressure pre-heaters at nuclear, seawater system design, Cupronickel alloys are used in tubular heat exchangers and condensers, piping and high pressure systems. Seawater system components, Cupronickel alloys are used in condenser and heat exchanger tubes, tubesheets, piping, fittings, pumps, in Europe, Switzerland pioneered the nickel billon coinage in 1850, with the addition of silver. In 1968, Switzerland adopted the far cheaper 75,25 copper to nickel ratio then being used by the Belgians, the United States, and Germany. From 1947 to 2012, all “silver” coinage in the UK was made from cupronickel, prior to these dates, both denominations had been made only in silver in the United States. Cupronickel is the cladding on either side of United States half-dollars since 1971, currently, some circulating coins, such as the United States Jefferson nickel, the Swiss franc, and the South Korean 500 and 100 won are made of solid cupronickel. Single-core thermocouple cables use a single pair of thermocouple conductors such as iron-constantan. These have the element of constantan or nickel-chromium alloy within a sheath of copper. Cupronickel is used in cryogenic applications, beginning around the turn of the 20th century, bullet jackets were commonly made from this material. It was soon replaced with gilding metal to reduce fouling in the bore. Currently, cupronickel remains the basic material for silver-plated cutlery and it is commonly used for mechanical and electrical equipment, medical equipment, zippers, jewelry items, and as material for strings for string instruments. Fender Musical Instruments used CuNiFe magnets in their Wide Range Humbucker pickup for various Telecaster and Starcaster guitars during the 1970s, for high-quality cylinder locks and locking systems, cylinder cores are made from wear-resistant cupronickel
23.
Coat of arms
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A coat of arms is an heraldic visual design on an escutcheon, surcoat, or tabard. The coat of arms on an escutcheon forms the central element of the heraldic achievement which in its whole consists of shield, supporters, crest. A coat of arms is traditionally unique to a person, family, state. The ancient Romans used similar insignia on their shields, but these identified military units rather than individuals, the first evidence of medieval coats of arms has been attributed to the 11th century Bayeux Tapestry in which some of the combatants carry shields painted with crosses. However, that heraldic interpretation remains controversial, coats of arms came into general use by feudal lords and knights in battle in the 12th century. By the 13th century, arms had spread beyond their initial battlefield use to become a flag or emblem for families in the social classes of Europe. Exactly who had a right to use arms, by law or social convention, in the German-speaking regions both the aristocracy and burghers used arms, while in most of the rest of Europe they were limited to the aristocracy. The use of spread to the clergy, to towns as civic identifiers. Flags developed from coats of arms, and the arts of vexillology, the coats of arms granted to commercial companies are a major source of the modern logo. Despite no widespread regulation, heraldry has remained consistent across Europe, some nations, like England and Scotland, still maintain the same heraldic authorities which have traditionally granted and regulated arms for centuries and continue to do so in the present day. In England, for example, the granting of arms is and has controlled by the College of Arms. Unlike seals and other emblems, heraldic achievements have a formal description called a blazon. Many societies exist that also aid in the design and registration of personal arms, in the heraldic traditions of England and Scotland, an individual, rather than a family, had a coat of arms. In those traditions coats of arms are legal property transmitted from father to son, wives, undifferenced arms are used only by one person at any given time. Other descendants of the bearer could bear the ancestral arms only with some difference. One such charge is the label, which in British usage is now always the mark of an apparent or an heir presumptive. Because of their importance in identification, particularly in seals on legal documents and this has been carried out by heralds and the study of coats of arms is therefore called heraldry. In time, the use of arms spread from military entities to educational institutes, the author Helen Stuart argues that some coats of arms were a form of corporate logo
24.
National flower
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In a number of countries, plants have been chosen as symbols to represent specific geographic areas. Some countries have a floral emblem, others in addition have symbols representing subdivisions. Different processes have been used to adopt these symbols – some are conferred by government bodies, the term floral emblem, which refers to flowers specifically, is primarily used in Australia and Canada. In the United States, the state flower is more often used. The national flower and floral emblem of Bangladesh is the shapla, or Nymphaea nouchali) See also, bhutan – Blue poppy Brunei – Simpoh Ayer Cambodia formally adopted the romduol as its national flower in the year 2005 by a royal decree. The royal decree designates the taxon as Mitrella mesnyi, however this is an illegitimate synonym for Sphaerocoryne affinis Ridley. The flower of India is also the lotus, a symbol of purity that remains immaculate despite growing from mud, keralas state floral emblem is the tree Cassia fistula. Tamil Nadus floral emblem is Glory lily, water-lily is the state flower of Andhra Pradesh. Kapau is the flower of Assam. Bihars floral emblem is kachnaar and that of Uttarakhand is the rhododendron, there are three types of floral emblems that symbolize Indonesia, the puspa bangsa of Indonesia is melati the puspa pesona is anggrek bulan the puspa langka is padma raksasa rafflesia. Melati, a white flower with sweet fragrance, has long been considered as a sacred flower in Indonesian tradition, as it symbolizes purity, sacredness. For example, on her day, a traditional Indonesian brides hair is often adorned with arrangements of jasmine. However, jasmine is also used as floral offering for spirits and deities. Moon Orchid was chosen for its beauty, while the two rare flowers, Rafflesia arnoldii and Titan arum were chosen to demonstrate uniqueness and Indonesian rich biodiversity. Each of the 33 provinces of Indonesia also has a plant as its provincial flower. Iran – red rose, tulip, Nymphaea, Cupressus sempervirens Iraq – Rose The Israeli national flower is the poppy anemone, jordan – Black iris Kuwait – Rhanterium epapposum The national flower is the plumeria, despite it being no longer endemic. The national flower of Malaysia is the bunga raya, the flower of the eastern Malaysian state of Sarawak is the orchid Phalaenopsis bellina, while that of the state of Kedah is the pokok padi. Malaccas state flower is the bread-flower, Vallaris glabra, from there, it spread into France, Italy and the Mediterranean, and eventually it was introduced to the rest of Western Europe and Britain
25.
Silver
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Silver is a metallic element with symbol Ag and atomic number 47. The symbol Ag stems from Latin argentum, derived from the Greek ὰργὀς, a soft, white, lustrous transition metal, it exhibits the highest electrical conductivity, thermal conductivity, and reflectivity of any metal. The metal is found in the Earths crust in the pure, free form, as an alloy with gold and other metals. Most silver is produced as a byproduct of copper, gold, lead, Silver is more abundant than gold, but it is much less abundant as a native metal. Its purity is measured on a per mille basis, a 94%-pure alloy is described as 0.940 fine. As one of the seven metals of antiquity, silver has had a role in most human cultures. Silver has long valued as a precious metal. Silver metal is used in many premodern monetary systems in bullion coins, Silver is used in numerous applications other than currency, such as solar panels, water filtration, jewelry, ornaments, high-value tableware and utensils, and as an investment medium. Silver is used industrially in electrical contacts and conductors, in specialized mirrors, window coatings, Silver compounds are used in photographic film and X-rays. Dilute silver nitrate solutions and other compounds are used as disinfectants and microbiocides, added to bandages and wound-dressings, catheters. Silver is similar in its physical and chemical properties to its two neighbours in group 11 of the periodic table, copper and gold. This distinctive electron configuration, with an electron in the highest occupied s subshell over a filled d subshell. Silver is a soft, ductile and malleable transition metal. Silver crystallizes in a cubic lattice with bulk coordination number 12. Unlike metals with incomplete d-shells, metallic bonds in silver are lacking a covalent character and are relatively weak and this observation explains the low hardness and high ductility of single crystals of silver. Silver has a brilliant white metallic luster that can take a polish. Protected silver has greater optical reflectivity than aluminium at all wavelengths longer than ~450 nm, at wavelengths shorter than 450 nm, silvers reflectivity is inferior to that of aluminium and drops to zero near 310 nm. The electrical conductivity of silver is the greatest of all metals, greater even than copper, during World War II in the US,13540 tons of silver were used in electromagnets for enriching uranium, mainly because of the wartime shortage of copper
26.
Gold
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Gold is a chemical element with symbol Au and atomic number 79. In its purest form, it is a bright, slightly yellow, dense, soft, malleable. Chemically, gold is a metal and a group 11 element. It is one of the least reactive chemical elements and is solid under standard conditions, Gold often occurs in free elemental form, as nuggets or grains, in rocks, in veins, and in alluvial deposits. It occurs in a solid solution series with the element silver and also naturally alloyed with copper. Less commonly, it occurs in minerals as gold compounds, often with tellurium, golds atomic number of 79 makes it one of the higher numbered, naturally occurring elements. It is thought to have produced in supernova nucleosynthesis, from the collision of neutron stars. Because the Earth was molten when it was formed, almost all of the present in the early Earth probably sank into the planetary core. Gold is resistant to most acids, though it does dissolve in aqua regia, a mixture of acid and hydrochloric acid. Gold also dissolves in solutions of cyanide, which are used in mining and electroplating. Gold dissolves in mercury, forming amalgam alloys, but this is not a chemical reaction, as a precious metal, gold has been used for coinage, jewelry, and other arts throughout recorded history. A total of 186,700 tonnes of gold is in existence above ground, the world consumption of new gold produced is about 50% in jewelry, 40% in investments, and 10% in industry. Gold is also used in infrared shielding, colored-glass production, gold leafing, certain gold salts are still used as anti-inflammatories in medicine. As of 2014, the worlds largest gold producer by far was China with 450 tonnes, Gold is cognate with similar words in many Germanic languages, deriving via Proto-Germanic *gulþą from Proto-Indo-European *ǵʰelh₃-. The symbol Au is from the Latin, aurum, the Latin word for gold, the Proto-Indo-European ancestor of aurum was *h₂é-h₂us-o-, meaning glow. This word is derived from the root as *h₂éu̯sōs, the ancestor of the Latin word Aurora. This etymological relationship is presumably behind the frequent claim in scientific publications that aurum meant shining dawn, Gold is the most malleable of all metals, a single gram can be beaten into a sheet of 1 square meter, and an avoirdupois ounce into 300 square feet. Gold leaf can be thin enough to become semi-transparent
27.
Barclays
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Barclays /ˈbɑːrkliz/ is a British multinational banking and financial services company headquartered in London. It is a bank with operations in retail, wholesale and investment banking, as well as wealth management, mortgage lending. It has operations in over 50 countries and territories and has around 48 million customers, Barclays is organised into four core businesses, Personal & Corporate, Barclaycard, Investment Banking and Africa. Barclays traces its origins to a banking business established in the City of London in 1690. James Barclay became a partner in the business in 1736, in 1896 several banks in London and the English provinces, including Backhouses Bank and Gurneys Bank, united as a joint-stock bank under the name Barclays and Co. Over the following decades Barclays expanded to become a nationwide bank, in 1967, Barclays deployed the worlds first cash dispenser. Barclays has a listing on the London Stock Exchange and is a constituent of the FTSE100 Index. It has a listing on the New York Stock Exchange. According to a 2011 paper by Vitali et al, Barclays traces its origins back to 1690 when John Freame, a Quaker, and Thomas Gould started trading as goldsmith bankers in Lombard Street, London. The name Barclays became associated with the business in 1736, when James Barclay, in 1728 the bank moved to 54 Lombard Street, identified by the Sign of the Black Spread Eagle, which in subsequent years would become a core part of the banks visual identity. In 1896 several banks in London and the English provinces, notably Backhouses Bank of Darlington and Gurneys Bank of Norwich, united under the banner of Barclays, between 1905 and 1916 Barclays extended its branch network by making acquisitions of small English banks. In 1925 the Colonial Bank, National Bank of South Africa, in 1938 Barclays acquired the first Indian exchange bank, the Central Exchange Bank of India, which had opened in London in 1936 with the sponsorship of Central Bank of India. In May 1958, Barclays was the first UK bank to appoint a female bank manager, hilda Harding managed Barclays Hanover Square branch in London until her retirement in 1970. In 1965, Barclays established a US affiliate, Barclays Bank of California in San Francisco, Barclays launched the first credit card in the UK, Barclaycard, in 1966. On 27 June 1967, Barclays deployed the worlds first cash machine, the British actor Reg Varney was the first person to use the machine. In 1969, a merger with Martins Bank and Lloyds Bank was blocked by the Monopolies and Mergers Commission. Also that year, the British Linen Bank subsidiary was sold to the Bank of Scotland in exchange for a 25% stake, Barclays DCO changed its name to Barclays Bank International in 1971. In August 1975, following the secondary banking crash, Barclays acquired Mercantile Credit Company, in 1980, Barclays Bank International expanded its business to include commercial credit and took over American Credit Corporation, renaming it Barclays American Corporation
28.
Royal Bank of Canada
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The Royal Bank of Canada is a Canadian multinational financial services company and the largest bank in Canada. The bank serves over 16 million clients and has 80,000 employees worldwide, the company corporate headquarters are located in Toronto, Ontario. The bank was founded in 1864 in Halifax, Nova Scotia, RBC Bank was the U. S. banking subsidiary with 439 branches across six states in the Southeast, which served more than a million customers. RBC also has 127 branches across seventeen countries in the Caribbean, RBC Capital Markets is RBCs worldwide investment and corporate banking subsidiary, while the investment brokerage firm is known as RBC Dominion Securities. Investment banking services are provided through RBC Bank and the focus is on middle market clients. In 2011, RBC was the largest Canadian company by revenue, and was ranked at #50 in the 2013 Forbes Global 2000 listing. The company has operations in Canada, and 40 other countries and had US$673.2 billion of assets under management in 2014, by 1869 the Merchants Bank was officially incorporated and received its federal charter in the same year. During the 1870s and 1880s the bank expanded into the other Maritime Provinces, when both the Newfoundland Commercial Bank and Union Bank of Newfoundland collapsed on 10 December 1894, the Merchants Bank expanded to Newfoundland in 31 January 1895. As the bank grew executives changed its name to reflect its growth, in 1901, the Merchants Bank of Halifax changed its name to the Royal Bank of Canada. The centre of the Canadian financial industry had moved from Halifax to Montreal, in 1910, RBC merged with the Union Bank of Halifax. In the same year it built a branch in Winnipeg, Manitoba—designed by Carrère and Hastings. To improve its position in Ontario, RBC merged with Traders Bank of Canada in 1912 and in 1917 RBC merged with Quebec Bank, Union Bank of Canada had moved its headquarters to Winnipeg in 1912, and had built a strong presence in the Prairies. In 1935, RBC merged with Crown Saving, s and Loan Co. merged with Industrial Mortgage & Trust Co, RBC installed its first computer in 1961, the first in Canadian banking. In the 1960s, RBC Insurance was created, in 1968, it merged with Ontario Loan and Debenture Company. In 1993, RBC merged with Royal Trust, in 1998, RBC acquired Security First Network Bank in Atlanta—the first pure Internet bank. In 2000, RBC merged merchant credit/debit card acquiring business with BMO Bank of Montreals to form Moneris Solutions, in 2013, RBC completed the acquisition of the Canadian subsidiary of Ally Financial. RBC Insurance is the largest Canadian bank-owned insurance organization, with services to five million people. It provides life, health, travel, home and auto and reinsurance products as well as creditor,1882 - Merchants Bank of Halifax opened an office in Bermuda
29.
Canadian Bank of Commerce
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The Canadian Bank of Commerce was a Canadian bank cofounded in 1867 by William McMaster. The Canadian Bank of Commerce opened in Toronto with a charter in 1866 that it purchased from the defunct Bank of Canada, which folded in 1858. The Canadian Bank of Commerce branch built at Darling and Pearson, Winnipeg, Manitoba in 1910 in beaux-arts classicism indicates the financial dominance of Winnipeg, among prairie cities. It merged with the Imperial Bank of Canada in 1961 to form the Canadian Imperial Bank of Commerce, during World War I,1,701 staff from the Canadian Bank of Commerce enlisted in the war effort. In 1931, the Toronto headquarters of the bank, designed by architects John Pearson, at 34 stories, for many years it was the tallest building in the British Empire. Once again, during World War II,2,300 staff members enlisted in the armed forces, the following are on the Registry of Historical Places of Canada. The Bank of Commerce in Nanaimo, British Columbia, built in 1914, the Canadian Bank of Commerce in New Westminster, British Columbia built in 1910 to 1911. The Bank of Commerce in Vancouver, British Columbia, built in 1914 to 1915 the Canadian Bank of Commerce in Watson, the Bank of Commerce in Nokomis, Saskatchewan, built in 1910. The Bank of Commerce in Winnipeg, Manitoba, completed in 1912, the Bank of Commerce in Kelsey, Manitoba, built in The Pas in 1912. The Canadian Bank of Commerce in Innisfree, Alberta, built in 1905, the Canadian Bank of Commerce in Dawson, Yukon, built in 1901. The Canadian Bank of Commerce grew through acquisitions of other banks in Canada, Halifax Banking Company Established in 1825, gore Bank Formed in 1836 and merged with the Commerce in 1870. Eastern Townships Bank Formed in 1859 and merged with the Commerce in 1912, Bank of British Columbia Established with a Royal Charter in 1862 and merged with the Commerce in 1901. Merchants Bank of Prince Edward Island Formed Oct 6,1871, Bank of Hamilton Bank of Hamilton merged with the Commerce in 1924. The Standard Bank of Canada Formed in 1876 and merged with the Commerce in 1928
30.
Banknote
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A banknote is a type of negotiable instrument known as a promissory note, made by a bank, payable to the bearer on demand. Banknotes were originally issued by banks, who were legally required to redeem the notes for legal tender when presented to the chief cashier of the originating bank. These commercial banknotes only traded at face value in the served by the issuing bank. Commercial banknotes have primarily been replaced by national banknotes issued by central banks, national banknotes are generally legal tender, meaning that medium of payment is allowed by law or recognized by a legal system to be valid for meeting a financial obligation. Historically, banks sought to ensure that they could always pay customers in coins when they presented banknotes for payment and this practice of backing notes with something of substance is the basis for the history of central banks backing their currencies in gold or silver. Today, most national currencies have no backing in precious metals or commodities and have value only by fiat, with the exception of non-circulating high-value or precious metal issues, coins are used for lower valued monetary units, while banknotes are used for higher values. The idea of using a durable light-weight substance as evidence of a promise to pay a bearer on demand originated in China during the Han Dynasty in 118 BC, the first known banknote was first developed in China during the Tang and Song dynasties, starting in the 7th century. Its roots were in merchant receipts of deposit during the Tang Dynasty, as merchants, during the Yuan Dynasty, banknotes were adopted by the Mongol Empire. In Europe, the concept of banknotes was first introduced during the 13th century by such as Marco Polo. Counterfeiting, the forgery of banknotes, is an inherent challenge in issuing currency and it is countered by anticounterfeiting measures in the printing of banknotes. Fighting the counterfeiting of banknotes and cheques has been a driver of security printing methods development in recent centuries. Paper currency first developed in the Tang Dynasty China during the 7th century, although true paper money did not appear until the 11th century, the usage of paper currency later spread throughout the Mongol Empire. European explorers like Marco Polo introduced the concept in Europe during the 13th century, napoleon issued paper banknotes in the early 1800s. Paper money originated in two forms, drafts, which are receipts for value held on account, and bills, the perception of banknotes as money has evolved over time. Originally, money was based on precious metals, Banknotes were seen as essentially an I. O. U. or promissory note, a promise to pay someone in precious metal on presentation. With the gradual removal of precious metals from the system, banknotes evolved to represent credit money. Notes or bills were referred to in 18th century novels and were often a key part of the plot such as a note drawn by Lord X for £100 which becomes due in 3 months time. Its roots were in merchant receipts of deposit during the Tang Dynasty, as merchants, before the use of paper, the Chinese used coins that were circular, with a rectangular hole in the middle
31.
Economy of Trinidad and Tobago
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Trinidad and Tobago is the wealthiest country in the Caribbean as well as the third richest country by GDP per capita in the Americas after the United States and Canada. Furthermore, it is recognised as an income economy by the World Bank. Unlike most of the English-speaking Caribbean, the economy is primarily industrial, with an emphasis on petroleum. The countrys wealth is attributed to its reserves and exploitation of oil. Trinidad and Tobago has earned a reputation as an excellent investment site for international businesses and has one of the highest growth rates, recent growth has been fueled by investments in liquefied natural gas, petrochemicals, and steel. Additional petrochemical, aluminum, and plastics projects are in various stages of planning, oil and gas account for about 40% of GDP and 80% of exports, but only 5% of employment. The country is also a financial center, and tourism is a growing sector. The economy benefits from a trade surplus. Trinidad and Tobagos infrastructure is adequate by regional standards, a major expansion of the Piarco International Airport in Trinidad, the countrys main airport, was completed in 2001. There is a network of paved roads, and utilities are fairly reliable in the cities. Some areas, however, especially rural districts, still suffer from water shortages, the government is addressing this problem with the construction of additional desalinization plants. Infrastructure improvement, especially roads and telephone service, drainage. Trinidad and Tobago has a modern, robust and reliable Information. Mobile phone service is widespread and has been the area of growth for several years. Digicel and Laqtel were granted licenses in 2005, breaking the monopoly of the sole provider of mobile telephony services TSTT. However, as of 2015 TSTT and Digicel remain the only mobile providers, internet connectivity has seen the participation of much more players than mobile telephone with the presence of five broadband service providers/ISPs. Trinidad and Tobago has been involved in the sector for over one hundred years. There has been oil and gas production on land and in shallow water
32.
Standard Catalog of World Coins
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The Standard Catalog of World Coins is a series of numismatic catalogs, commonly known as the Krause catalogs. They are published by Krause Publications, a division of F+W Media, the by-century volumes list by date virtually every coin type, most of which are photographed, with mintage and other information, plus market valuations in up to 5 grades. Listings are by denomination rather than series, as in earlier World coin catalogs, the proprietary Krause-Mishler numbers are widely used, for just a few countries earlier systems such as Y and C numbers are given instead. The century format is considered inconvenient and expensive for those who collect geographically. Originally covering 1835 or so to date, the main catalog evolved into an annual 20th century-only work, plus separate 17th, 18th, beginning with the 34th ed, listings covering 2001 to date are included in a separate 21st Century catalog. Data from the volumes are collated together in special editions for Crowns, Gold, German. Fantasies and medallion issues, which do not appear in the catalogs, are covered in a publication called Unusual World Coins. There is also a publication called Collecting World Coins that includes only 20th-, list priced at $73 to $85 they are often discounted, and can be found in many public libraries. Older editions are steeply discounted even though revisions between editions in many areas are minimal, following the appearance of unlicensed DVD versions, DVDs were included with the 1601-1700 4th edition, the 1901-2000 36th edition, and possibly others, but are now sold as a separate product. George S. Cuhaj is the current editor, with Thomas Michael credited as market analyst, although Krause collate contributions from many collecting experts, coin catalog Standard Catalog of World Paper Money A Guide Book of United States Coins Piedfort Vcoins. com Krause Publications Numismaster. com
33.
International Standard Book Number
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The International Standard Book Number is a unique numeric commercial book identifier. An ISBN is assigned to each edition and variation of a book, for example, an e-book, a paperback and a hardcover edition of the same book would each have a different ISBN. The ISBN is 13 digits long if assigned on or after 1 January 2007, the method of assigning an ISBN is nation-based and varies from country to country, often depending on how large the publishing industry is within a country. The initial ISBN configuration of recognition was generated in 1967 based upon the 9-digit Standard Book Numbering created in 1966, the 10-digit ISBN format was developed by the International Organization for Standardization and was published in 1970 as international standard ISO2108. Occasionally, a book may appear without a printed ISBN if it is printed privately or the author does not follow the usual ISBN procedure, however, this can be rectified later. Another identifier, the International Standard Serial Number, identifies periodical publications such as magazines, the ISBN configuration of recognition was generated in 1967 in the United Kingdom by David Whitaker and in 1968 in the US by Emery Koltay. The 10-digit ISBN format was developed by the International Organization for Standardization and was published in 1970 as international standard ISO2108, the United Kingdom continued to use the 9-digit SBN code until 1974. The ISO on-line facility only refers back to 1978, an SBN may be converted to an ISBN by prefixing the digit 0. For example, the edition of Mr. J. G. Reeder Returns, published by Hodder in 1965, has SBN340013818 -340 indicating the publisher,01381 their serial number. This can be converted to ISBN 0-340-01381-8, the check digit does not need to be re-calculated, since 1 January 2007, ISBNs have contained 13 digits, a format that is compatible with Bookland European Article Number EAN-13s. An ISBN is assigned to each edition and variation of a book, for example, an ebook, a paperback, and a hardcover edition of the same book would each have a different ISBN. The ISBN is 13 digits long if assigned on or after 1 January 2007, a 13-digit ISBN can be separated into its parts, and when this is done it is customary to separate the parts with hyphens or spaces. Separating the parts of a 10-digit ISBN is also done with either hyphens or spaces, figuring out how to correctly separate a given ISBN number is complicated, because most of the parts do not use a fixed number of digits. ISBN issuance is country-specific, in that ISBNs are issued by the ISBN registration agency that is responsible for country or territory regardless of the publication language. Some ISBN registration agencies are based in national libraries or within ministries of culture, in other cases, the ISBN registration service is provided by organisations such as bibliographic data providers that are not government funded. In Canada, ISBNs are issued at no cost with the purpose of encouraging Canadian culture. In the United Kingdom, United States, and some countries, where the service is provided by non-government-funded organisations. Australia, ISBNs are issued by the library services agency Thorpe-Bowker
34.
Australian dollar
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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
35.
Bahamian dollar
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The dollar has been the currency of The Bahamas since 1966. It is normally abbreviated with the dollar sign $, or alternatively B$ to distinguish it from other dollar-denominated currencies and it is divided into 100 cents. The Bahamian dollar is pegged to the U. S. dollar on a one-to-one basis, the dollar replaced the pound at a rate of 1 dollar =7 shillings in 1966. This rate allowed the establishment of parity with the U. S. dollar, to aid in decimalization, three-dollar bills and fifteen-cent coins were created, as three dollars was roughly equivalent to one pound, and fifteen cents to a shilling, at the time of transition. In 1966, coins were introduced in denominations of 1,5,10,15,25,50 cents,1 and 2 dollars. The 1 cent was struck in nickel-brass, the 5,10, and 15 cent in cupronickel, the 25 cent in nickel, the 10 cent was scallop shaped, whilst the 15 cent was square. Silver coins were not issued for circulation after 1966, bronze replaced nickel-brass in the 1 cent in 1970, followed by brass in 1974 and copper-plated zinc in 1985. In 1989, cupro-nickel 50 cent and 1 dollar coins were issued for circulation, although they did not replace the corresponding banknotes. The current 1 cent coin is about the size of a U. S. dime, the 15 cent coins are still produced by the Central Bank but are not commonly used. All coins now bear the Bahamian Coat of Arms on one side with the words Commonwealth of The Bahamas, the reverses of the coins show objects from Bahamian culture with the value of the coins in words. The 1 cent has three starfish, the 5 cent a pineapple, the 10 cent two bonefish, the 15 cent a hibiscus, and the 25 cent a native sloop. In 1966, the government introduced notes in denominations of ½,1,3,5,10,20,50 and 100 dollars, the Bahamas Monetary Authority took over the issuance of paper money in 1968, issuing the same denominations. The Central Bank of The Bahamas was established on 1 June 1974 and its first issue of notes did not include the ½ and 3 dollar denominations but these were reintroduced in 1984. All banknotes have been undergoing changes to foil forgery in recent years. All banknotes are the physical size, like the U. S. dollar. The latest counterfeit-proof formula is the Counterfeit Resistant Integrated Security Product, the new $10 banknote was released on August 5,2005, while the $20 banknote was released on September 6,2006. In October 2005, someone counterfeited one of the new CRISP $10 bills, Bahamian authorities warned merchants to look for banknotes that lacked the distinctive watermark. Until a few years ago all notes displayed a portrait of Queen Elizabeth II and this policy is now being reversed, with the return of the Queens portrait to the $10 note
36.
Belize dollar
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The Belize dollar is the official currency in Belize. It is normally abbreviated with the dollar sign $, or alternatively BZ$ to distinguish it from other dollar-denominated currencies and it is divided into 100 cents. The official value is pegged at 2 BZ$ =1 US$. i. e. one third of a pound sterling, in 1825, an imperial order-in-council was passed for the purpose of introducing the British sterling coinage into all the British colonies. This order-in-council made sterling coinage legal tender, it set the rate between sterling and the Spanish dollar at $1 = 4s 4d. This exchange rate was supposed to be based on the value of the silver in the Spanish dollars as compared to the value of the gold in the British sovereigns. The realistic exchange rate would have been $4.80 = £1, remedial legislation came about in 1838 with a new order-in-council, which did not apply to the British North American colonies due to minor rebellions in Upper and Lower Canada. The 1838 legislation introduced the rating of $1 = 4s 2d. The Bahamas would later adopt this same approach, the British shilling, referred to locally as a Maccaroni, was equal to one quarter of a dollar, and the system was working very satisfactorily. For a period in the middle of the nineteenth century British Honduras operated the British sterling monetary system just like Jamaica, in the wake of the international silver crisis of 1873 the silver peso of neighbouring Guatemala drove the British currency out of circulation. At that time, the Canadian dollar was on the gold standard and this is the point where the currency history of British Honduras diverges from that of the rest of the British West Indies. In 1885,1 cent coins were issued, followed by higher denominations in 1894. This year also saw the first issue of banknotes by the government and a switch from the silver Guatemalan peso to the gold U. S. dollar as the base for the currency, with $4.866 =1 pound. The rate of $4.866 as opposed to $4.80 is explained by the fact that when the US dollar was first created in 1792, hence, the US dollar was at a slight discount in relation to the Spanish dollar. Following the introduction of the US dollar gold standard to British Honduras, when the United Kingdom abandoned the gold standard in 1931 the British Honduras dollar continued with its attachment to the US dollar and as such it did not become part of the sterling bloc. The sterling bloc should not be confused with the sterling area, in 1949 the British pound was devalued from US$4.03 to US$2.80. Since the British Honduras dollar was pegged to the US dollar, protests ensued which led to a devaluation of the British Honduran dollar to a value of 70 U. S. cents. Following Harold Wilsons devaluation of sterling in November 1967, the British Honduran dollar again devalued in sympathy with the British pound to 60 US cents. In 1978, the link to the British pound of BZ$4 = £1 was abandoned and this new rate which still continues today, reflects the devaluation of 50% in relation to the original parity with the US dollar in 1885, which last applied in 1949
37.
Bermudian dollar
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The Bermudian dollar is the official currency of the British Overseas Territory of Bermuda. It is subdivided into 100 cents, the Bermudian dollar is not normally traded outside of Bermuda, and is pegged to the United States dollar at a one-to-one ratio. Both currencies circulate in Bermuda on an equal basis, for nearly four hundred years Spanish dollars, known as pieces of eight were in widespread use on the worlds trading routes, including the Caribbean region. However, following the wars in Latin America, the source of these silver trade coins. The United Kingdom had adopted a successful gold standard in 1821. Because of this, the conversion had the effect in many colonies. Remedial legislation had to be introduced in 1838 so as to change over to the more realistic rating of $1 = 4s 2d. Contrary to expectations, and unlike in the Bahamas where US dollars circulated concurrently with sterling, the Spanish dollars fell away in the 1850s but returned again in the 1870s following the international silver crisis of 1873. In 1874, the Bermuda merchants agreed unanimously to decline to accept the heavy imports of U. S. currency except at a heavy discount, and in 1876, legislation was passed to demonetise the silver dollars for fear of them returning. In 1882, the legal tender act demonetised the gold doubloon, which had in effect been the real standard in Bermuda, and this left pounds, shillings. The pound sterling remained the currency of Bermuda until 1970. With U. S. and Canadian coins regularly appearing in circulation in Bermuda, on 6 February 1970, Bermuda introduced a new decimal currency in the form of a dollar. The nascent Bermuda dollars circulated in conjunction with the new British decimal coinage a year before it was introduced in the United Kingdom, by adopting decimalisation early, Bermuda was also able place orders for the coinage from the Royal Mint before other Commonwealth countries seeking to decimalise could. The link between the Bermudian dollar and the sterling was not broken until 31 July 1972, which allowed Bermuda to align to a one-to-one exchange rate with that of the United States. The decision for Bermuda to peg its dollar to the U. S. dollar added convenience for the multitude of American tourists and businesses with whom Bermuda largely relied on. Since 1972, Bermuda law has required that local businesses charge prices in Bermudian dollars which, if paid in US dollars, only banks are legally allowed to exchange Bermudian dollars into U. S. dollars or other currencies, subject to a 1% Foreign Currency Purchase Tax. Prior to decimalisation and conversion to the dollar, the Government of Bermuda did not issue its own coins, other than the commemorative Bermuda crowns, in 1970, the Bermuda Monetary Authority introduced coinage with denominations of 1,5,10,25, and 50 cents. From its inception, the 1-cent coin was out of bronze until 1988
38.
Brunei dollar
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The Bruneian dollar, has been the currency of the Sultanate of Brunei since 1967. It is normally abbreviated with the dollar sign $, or alternatively B$ to distinguish it from other dollar-dominated currencies and it is divided into 100 sen or cents. The Bruneian dollar is managed together with the Singapore dollar at a 1,1 ratio by the Monetary Authority of Singapore, early currency in Brunei included cowrie shells. Brunei is also famous for its bronze teapots, which were used as currency in trade along the coast of northern Borneo. Brunei issued tin coins denominated in pitis in AH1285 and these were followed by a one cent coin in AH1304. This cent was one hundredth of a Straits dollar, the Bruneian dollar replaced the Malaya and British Borneo dollar in 1967 after the formation of Malaysia and the independence of Singapore. Until 23 June 1973, the Malaysian ringgit was exchangeable at par with the Singapore dollar, the Monetary Authority of Singapore and the Brunei Currency and Monetary Board (now the Authoriti Monetari Brunei Darussalam still maintain the exchangeability of their two currencies. The dollar is accepted as customary tender in Singapore according to the Currency Interchangeability Agreement, coins were used in Brunei from the 10th century. The Straits dollar was used in Brunei from 1906. Due to the ties between China and Brunei, the first type of coins used in Brunei were Chinese coins. They were later known as ‘Kue’ when local ‘Pitis’ were introduced, the local ‘Pitis’ coins had ‘Sultanate of Brunei’ stamped in front of the coin and the royal umbrella was imprinted at the back. These were issued from the 16th to the 19th century, previous Islamic coins were also called the ‘Pitis’. Another type of coin that was used in Brunei were ‘Duit besi’, iron was considered valuable those days that it was used as money. 100 one-square inch pieces were valued at 1 dollar, the last coin to be issued before the introduction of the Straits Settlements currency was the ‘Duit Bintang’, otherwise known as the ‘Star coin’ or the Star Cent. It is called the Star coin because of the star imprinted on the obverse of the coin and it was minted in Birmingham, England, in 1887. With the introduction of the Straits Settlements currency, the previously used coins were taken out of circulation and they were, however still used with certain exchange rates. The Straits dollar was introduced in Brunei in 1906 and it was later replaced by the Malayan dollar which was introduced to British colonies and Brunei in 1939. It replaced the Straits dollar at par with a 1,1 exchange rate, the Malayan dollar was issued by the Board of Commissioners of Currency in Malaya
39.
Canadian dollar
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The Canadian dollar is the currency of Canada. It is abbreviated with the dollar sign $, or sometimes Can$ or C$ to distinguish it from other dollar-denominated currencies and it is divided into 100 cents. Canadas dollar is the fifth most held reserve currency in the world, accounting for approximately 2% of all global reserves, behind only the U. S. dollar, the euro, the yen and the pound sterling. In 1841, the Province of Canada adopted a new system based on the Halifax rating, the new Canadian pound was equal to four US dollars, making one pound sterling equal to 1 pound,4 shillings, and 4 pence Canadian. Thus, the new Canadian pound was worth 16 shillings and 5.3 pence sterling, the 1850s was a decade of wrangling over whether to adopt a sterling monetary system or a decimal monetary system based on the US dollar. In 1851, the Legislative Council and the Legislative Assembly passed an act for the purposes of introducing a sterling unit in conjunction with decimal fractional coinage. The idea was that the coins would correspond to exact amounts in relation to the U. S. dollar fractional coinage. This gold standard was introduced with the gold sovereign being legal tender at £1 = US$ 4.86 2⁄3, no coinage was provided for under the 1853 act. Sterling coinage was legal tender and all other silver coins were demonetized. The British government in principle allowed for a decimal coinage but nevertheless held out the hope that a unit would be chosen under the name of royal. However, in 1857, the decision was made to introduce a decimal coinage into the Province of Canada in conjunction with the U. S. dollar unit, in 1859, Canadian colonial postage stamps were issued with decimal denominations for the first time. In 1860, the colonies of New Brunswick and Nova Scotia followed the colony of Canada in adopting a system based on the U. S. dollar unit. In the following year, Canadian colonial postage stamps were issued with the shown in dollars. The U. S. dollar was created in 1792 on the basis of the weight of a selection of worn Spanish dollars. As such, the Spanish dollar was slightly more than the U. S. dollar, and likewise. In 1867, the colonies of Canada, New Brunswick, and Nova Scotia were united in a called the Dominion of Canada. In 1871, Prince Edward Island went decimal within the U. S. dollar unit, however, the currency of Prince Edward Island was absorbed into the Canadian system shortly afterwards, when Prince Edward island joined the Dominion of Canada in 1873. The Canadian Parliament passed the Uniform Currency Act in April 1871, tying up loose ends as to the currencies of the various provinces, the gold standard was temporarily abandoned during the First World War and definitively abolished on April 10,1933
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