Central Banks And Currencies Of Central America And South America
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Central Banks And Currencies Of Central America And South America
This is a list of central banks and currencies of the Americas (North America, Central America and South America). See also *Currency * Economy of Latin America *Economy of South America The economy of South America comprises approximately 430 million people living in twelve nations and three territories. It encompasses 6 percent of the world's population. From the 1930s to 1980s, countries of South America used Import Substitut ... {{Central banks, Lists Economy of Central America Banking in the Americas Latin America ...
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Americas
The Americas, which are sometimes collectively called America, are a landmass comprising the totality of North and South America. The Americas make up most of the land in Earth's Western Hemisphere and comprise the New World. Along with their associated islands, the Americas cover 8% of Earth's total surface area and 28.4% of its land area. The topography is dominated by the American Cordillera, a long chain of mountains that runs the length of the west coast. The flatter eastern side of the Americas is dominated by large river basins, such as the Amazon, St. Lawrence River–Great Lakes basin, Mississippi, and La Plata. Since the Americas extend from north to south, the climate and ecology vary widely, from the arctic tundra of Northern Canada, Greenland, and Alaska, to the tropical rain forests in Central America and South America. Humans first settled the Americas from Asia between 42,000 and 17,000 years ago. A second migration of Na-Dene speakers followed later fr ...
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Banco Central De Chile
The Central Bank of Chile ( es, Banco Central de Chile) is the central bank of Chile. It was established in 1925 and is incorporated into the current Chilean Constitution as an autonomous institution of constitutional rank. Its monetary policy is currently guided by an inflation targeting regime. History Starting in the mid-19th century, private banks started to thrive in Chile, spurring growing concerns over the control of payment methods and persistent inflation. To this end, the government hired a mission led by economics professor Edwin Kemmerer of Princeton University and based the nascent central bank's structure in one of the mission proposals. In August 1925, the Central Bank of Chile (CBoC) was created through Decree Law 486, which also established the bank's monopoly for issuing bank notes under a gold standard regime. A degree of independence to avoid capture by the public or private sectors was implicit in its ten-member board structure.
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Danmarks Nationalbank
Danmarks Nationalbank (in Danish often simply ''Nationalbanken'') is the central bank of the Kingdom of Denmark. It is a non-eurozone member of the European System of Central Banks ( ESCB). Since its establishment in 1818, the objective of the Nationalbank as an independent and credible institution is to issue the Danish currency, the krone, and ensure its stability. The Board of Governors holds full responsibility for the monetary policy. The building which houses the bank's headquarters was designed by the renowned architect Arne Jacobsen, in collaboration with Hans Dissing and Otto Weitling. After Jacobsen's death, his office, renamed Dissing+Weitling, has brought the construction to completion. Danmarks Nationalbank undertakes all functions related to the management of the Danish central-government debt. The division of responsibility is set out in an agreement between the Ministry of Finance of Denmark and Danmarks Nationalbank. Danish and Faroese banknotes were previo ...
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European Central Bank
The European Central Bank (ECB) is the prime component of the monetary Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's most important central banks. The ECB Governing Council makes the projects for the monetary policy for the European Union with suggestions and recommendations and to the Eurozone with more direct applications of such policies, it also administers the foreign exchange reserves of EU member states in the Eurozone, engages in foreign exchange operations, and defines the intermediate monetary aims and objectives, and also the common interest rates for the EU. The ECB Executive Board makes policies and decisions of the Governing Council, and may give direction to the national central banks, especially when doing so for the Eurozone central banks. The ECB has the exclusive right to authorise the issuance of euro banknotes. EU member states can issue their langu ...
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Euro
The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . The euro is divided into 100 cents. The currency is also used officially by the institutions of the European Union, by four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. Additionally, over 200 million people worldwide use currencies pegged to the euro. As of 2013, the euro is the second-largest reserve currency as well as the second-most traded currency in the world after the United States dollar. , with more than €1.3 trillion in circulation, the euro has one of the highest combined values of banknotes and coins in ci ...
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Government Of The Falkland Islands
The politics of the Falkland Islands takes place in a framework of a constitutional monarchy and parliamentary representative democratic dependency as set out by the constitution, whereby the Governor exercises the duties of head of state in the absence of the monarch and the Chief Executive is the head of the Civil Service, with an elected Legislative Assembly to propose new laws, national policy, approve finance and hold the executive to account. The islands, an archipelago in the southern Atlantic Ocean, are a self-governing British overseas territory. Executive power is exercised on behalf of the King by an appointed Governor, who primarily acts on the advice of the Executive Council. Legislative power is vested in both the government and the Legislative Assembly. The judiciary is independent of the executive and the legislature. The military defence and foreign policy of the islands is the responsibility of the United Kingdom. No political parties exist on the islan ...
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Falkland Islands Pound
The pound is the currency of the Falkland Islands, a British Overseas Territory in the South Atlantic Ocean. The symbol is the pound sign, £. The ISO 4217 currency code is ''FKP''. The Falkland Islands pound has always been pegged to sterling at par and banknotes of both currencies are used interchangeably on the islands (although only notes issued by banks in the United Kingdom are generally accepted in Britain itself). History The pound was introduced following the reassertion of sovereignty in the Falklands Islands by the British in 1833. Initially, sterling coin circulated, in units of a '' pound'' subdivided into 20 ''shillings'', each of 12 ''pence''. Specific issues of banknotes have been made for the Falkland Islands since 1899, authorised by the Falkland Islands Currency Notes Order 1899. In 1971, the pound was decimalised and subdivided into 100 pence. Coins have been minted specifically for the Falklands since 1974. For a more general history of currency in the S ...
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