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Antigua Dollar
Antigua and Barbuda are actually two separate islands which operate as one country. Along with many other countries of the Caribbean, they use the East Caribbean dollar as their official currency, which was first brought into circulation in 1965 to replace the British West Indies dollar. Even though Queen Anne's proclamation of 1704 brought the gold standard to the West Indies, silver pieces of eight ( Spanish dollars and later Mexican dollars) continued to form a major portion of the circulating currency right into the latter half of the nineteenth century. Britain adopted the gold standard in 1821 and an imperial order-in-council of 1838 resulted in Antigua formally adopting the sterling currency on 13 January 1847. However, despite the circulation of British silver coins in Antigua, the silver pieces of eight continued to circulate alongside them, and the private sector continued to use dollar accounts for reckoning. The international silver crisis of 1873 signalled the en ...
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Antigua And Barbuda
Antigua and Barbuda (, ) is a sovereign country in the West Indies. It lies at the juncture of the Caribbean Sea and the Atlantic Ocean in the Leeward Islands part of the Lesser Antilles, at 17°N latitude. The country consists of two major islands, Antigua and Barbuda, approximately apart, and several smaller islands, including Great Bird, Green, Guiana, Long, Maiden, Prickly Pear, York, and Redonda. The permanent population is approximately 97,120 ( est.), 97% residing in Antigua. St. John's, Antigua, is the country's capital, major city, and largest port. Codrington is Barbuda's largest town. In 1493, Christopher Columbus reconnoitred the island of Antigua, which he named for the Church of Santa María La Antigua.Crocker, John. "Barbuda Eyes Statehood and Tourists". ''The Washington Post''. 28 January 1968. p. E11. Great Britain colonized Antigua in 1632 and Barbuda in 1678. A part of the Federal Colony of the Leeward Islands from 1871, Antigua and Barbuda j ...
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East Caribbean Dollar
The Eastern Caribbean dollar ( symbol: EC$; code: XCD) is the currency of all seven full members and one associate member of the Organisation of Eastern Caribbean States (OECS). The successor to the British West Indies dollar, it has existed since 1965, and it is normally abbreviated with the dollar sign ''$'' or, alternatively, ''EC$'' to distinguish it from other dollar-denominated currencies. The EC$ is subdivided into 100 cents. It has been pegged to the United States dollar since 7 July 1976, at the exchange rate of = .70. Circulation Six of the states using the EC$ are independent states: Antigua and Barbuda, Dominica, Grenada, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines. The other two, Anguilla and Montserrat, are British Overseas Territories. These states are all members of the Eastern Caribbean Currency Union. The other two associate members of the OECS do not use the Eastern Caribbean dollar as their official currency: the Br ...
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British West Indies Dollar
The British West Indies dollar (BWI$) was the currency of British Guiana and the Eastern Caribbean territories of the British West Indies from 1949 to 1965, when it was largely replaced by the East Caribbean dollar, and was one of the currencies used in Jamaica from 1954 to 1964. The monetary policy of the currency was overseen by the British Caribbean Currency Board (BCCB). It was the official currency used by the West Indies Federation The British West Indies dollar was never used in British Honduras, the Cayman Islands, the Turks and Caicos Islands, the Bahamas, or Bermuda. History Queen Anne's proclamation of 1704 introduced the pound sterling currency system to the British West Indies; however it failed to displace the existing Spanish dollar currency system right up until the late 1870s. In 1822, the British government coined , , and fractional 'Anchor dollars' for use in Mauritius and the British West Indies (but not Jamaica). A few years later copper fractional dollars were ...
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Pieces Of Eight
The Spanish dollar, also known as the piece of eight ( es, Real de a ocho, , , or ), is a silver coin of approximately diameter worth eight Spanish reales. It was minted in the Spanish Empire following a monetary reform in 1497 with content 25.563 g = 0.822 oz t fine silver. It was widely used as the first international currency because of its uniformity in standard and milling characteristics. Some countries countermarked the Spanish dollar so it could be used as their local currency. Because the Spanish dollar was widely used in Europe, the Americas, and the Far East, it became the first world currency by the late 18th century. The Spanish dollar was the coin upon which the original United States dollar was based (at 0.7735 oz t = 24.0566 g), and it remained legal tender in the United States until the Coinage Act of 1857. Many other currencies around the world, such as the Japanese yen and the Chinese yuan, were initially based on the Spanish dollar and other 8-real coi ...
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Spanish Dollars
The Spanish dollar, also known as the piece of eight ( es, Real de a ocho, , , or ), is a silver coin of approximately diameter worth eight Spanish reales. It was minted in the Spanish Empire following a monetary reform in 1497 with content 25.563 g = 0.822 oz t fine silver. It was widely used as the first international currency because of its uniformity in standard and milling characteristics. Some countries countermarked the Spanish dollar so it could be used as their local currency. Because the Spanish dollar was widely used in Europe, the Americas, and the Far East, it became the first world currency by the late 18th century. The Spanish dollar was the coin upon which the original United States dollar was based (at 0.7735 oz t = 24.0566 g), and it remained legal tender in the United States until the Coinage Act of 1857. Many other currencies around the world, such as the Japanese yen and the Chinese yuan, were initially based on the Spanish dollar and other 8-real coins ...
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Mexican Dollar
The Spanish dollar, also known as the piece of eight ( es, Real de a ocho, , , or ), is a silver coin of approximately diameter worth eight Spanish reales. It was minted in the Spanish Empire following a monetary reform in 1497 with content 25.563 g = 0.822 oz t fine silver. It was widely used as the first international currency because of its uniformity in standard and milling characteristics. Some countries countermarked the Spanish dollar so it could be used as their local currency. Because the Spanish dollar was widely used in Europe, the Americas, and the Far East, it became the first world currency by the late 18th century. The Spanish dollar was the coin upon which the original United States dollar was based (at 0.7735 oz t = 24.0566 g), and it remained legal tender in the United States until the Coinage Act of 1857. Many other currencies around the world, such as the Japanese yen and the Chinese yuan, were initially based on the Spanish dollar and other 8-real coin ...
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Pound Sterling
Sterling (abbreviation: stg; Other spelling styles, such as STG and Stg, are also seen. ISO code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound ( sign: £) is the main unit of sterling, and the word "pound" is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. Sterling is the world's oldest currency that is still in use and that has been in continuous use since its inception. It is currently the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and Renminbi, it forms the basket of currencies which calculate the value of IMF special drawing rights. As of mid-2021, sterling is also the fourth most-held reserve currency in global reserves. The Bank of England is the central bank for sterling, issuing its own banknotes, ...
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Antigua
Antigua ( ), also known as Waladli or Wadadli by the native population, is an island in the Lesser Antilles. It is one of the Leeward Islands in the Caribbean region and the main island of the country of Antigua and Barbuda. Antigua and Barbuda became an independent state within the Commonwealth of Nations on 1 November 1981. ''Antigua'' means "ancient" in Spanish after an icon in Seville Cathedral, "" — St. Mary of the Old Cathedral.Kessler, Herbert L. & Nirenberg, David. Judaism and Christian Art: Aesthetic Anxieties from the Catacombs to Colonialism'' Accessed 23 September 2011. The name ''Waladli'' comes from the indigenous inhabitants and means approximately "our own". The island's perimeter is roughly and its area . Its population was 83,191 (at the 2011 Census). The economy is mainly reliant on tourism, with the agricultural sector serving the domestic market. Over 22,000 people live in the capital city, St. John's. The capital is situated in the north-wes ...
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Silver Crisis Of 1873
The Panic of 1873 was a financial crisis that triggered an economic depression in Europe and North America that lasted from 1873 to 1877 or 1879 in France and in Britain. In Britain, the Panic started two decades of stagnation known as the "Long Depression" that weakened the country's economic leadership. In the United States, the Panic was known as the "Great Depression" until the events of 1929 and the early 1930s set a new standard. The Panic of 1873 and the subsequent depression had several underlying causes for which economic historians debate the relative importance. American inflation, rampant speculative investments (overwhelmingly in railroads), the demonetization of silver in Germany and the United States, ripples from economic dislocation in Europe resulting from the Franco-Prussian War (1870–1871), and major property losses in the Great Chicago Fire (1871) and the Great Boston Fire (1872) helped to place massive strain on bank reserves, which, in New York Ci ...
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Gold Sovereign
The sovereign is a British gold coin with a nominal value of one pound sterling (£1) and contains 0.2354 troy oz of pure gold. Struck since 1817, it was originally a circulating coin that was accepted in Britain and elsewhere in the world; it is now a bullion coin and is sometimes mounted in jewellery. In addition, circulation strikes and proof examples are often collected for their numismatic value. In most recent years, it has borne the design of Saint George and the Dragon on the reverse; the initials () of the designer, Benedetto Pistrucci, are visible to the right of the date. The coin was named after the English gold sovereign, which was last minted about 1603, and originated as part of the Great Recoinage of 1816. Many in Parliament believed a one-pound coin should be issued rather than the 21-shilling guinea that was struck until that time. The Master of the Mint, William Wellesley Pole had Pistrucci design the new coin; his depiction was also used for oth ...
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Shilling
The shilling is a historical coin, and the name of a unit of modern currencies formerly used in the United Kingdom, Australia, New Zealand, other British Commonwealth countries and Ireland, where they were generally equivalent to 12 pence or one-twentieth of a pound before being phased out during the 20th century. Currently the shilling is used as a currency in five east African countries: Kenya, Tanzania, Uganda, Somalia, as well as the ''de facto'' country of Somaliland. The East African Community additionally plans to introduce an East African shilling. History The word ''shilling'' comes from Old English "Scilling", a monetary term meaning twentieth of a pound, from the Proto-Germanic root skiljaną meaning 'to separate, split, divide', from (s)kelH- meaning 'to cut, split.' The word "Scilling" is mentioned in the earliest recorded Germanic law codes, those of Æthelberht of Kent. There is evidence that it may alternatively be an early borrowing of Phoenic ...
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Eastern Caribbean
The Organisation of Eastern Caribbean States (OECS; French: ''Organisation des États de la Caraïbe orientale'', OECO) is an inter-governmental organisation dedicated to economic harmonisation and integration, protection of human and legal rights, and the encouragement of good governance between countries and territories in the Eastern Caribbean. It also performs the role of spreading responsibility and liability in the event of natural disaster. The administrative body of the OECS is the Commission, which is based in Castries, the capital of Saint Lucia. History OECS was created on 18 June 1981, with the Treaty of Basseterre, which was named after the capital city of St. Kitts and Nevis. OECS is the successor of the Leewards Islands' political organization known as the West Indies Associated States (WISA). One prominent aspect of OECS economic bloc has been the accelerated pace of trans-national integration among its member states. The seven protocol members of the O ...
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