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Pound (currency)
Pound is the name for a unit of currency. It is used in some countries today and previously was used in many others. The English word ''pound'' derives from the Latin expression , in which lībra is a noun meaning "pound" and ''pondō'' is an adverb meaning "by weight". The currency's symbol is £, a stylised form of the blackletter L (\mathfrak) (from ''libra''), crossed to indicate abbreviation. The term was adopted in England from the weight of silver used to make to 240 pennies, and eventually spread to British colonies all over the world. While silver pennies were produced seven centuries earlier, the first pound coin was minted under Henry VII in 1489. Countries and territories currently using currency units named "pound" Historical currencies * Australian pound (until 1966, replaced by the Australian dollar). The Australian pound was also used in the Gilbert and Ellice Islands, Nauru, New Hebrides and Papua and New Guinea. It was replaced in the New Hebrides/Vanuat ...
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Global Usage Of The Pound And Lira
Global means of or referring to a globe and may also refer to: Entertainment * ''Global'' (Paul van Dyk album), 2003 * ''Global'' (Bunji Garlin album), 2007 * ''Global'' (Humanoid album), 1989 * ''Global'' (Todd Rundgren album), 2015 * Bruno J. Global, a character in the anime series ''The Super Dimension Fortress Macross'' Companies and brands Television * Global Television Network, in Canada ** Global BC, on-air brand of CHAN-TV, a television station in Vancouver, British Columbia, Canada ** Global Okanagan, on-air brand of CHBC-TV, a television station in Kelowna, British Columbia, Canada ** Global Toronto, a television station in Toronto ** Global Edmonton ** Global Calgary ** Global Montreal ** Global Maritimes ** Canwest Global, former parent company of Global Television Network * Global TV (Venezuela), a regional channel in Venezuela Other industries * Global (cutlery), a Japanese brand * Global Aviation Holdings, the parent company of World Airways, Inc., and North ...
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Lebanese Pound
The pound or lira ( ar, ليرة لبنانية ''līra Libnāniyya''; French: ''livre libanaise''; abbreviation: LL in Latin, in Arabic, historically also £L, ISO code: LBP) is the currency of Lebanon. It was formerly divided into 100 piastres (or ''qirsh'' in Arabic) but because of high inflation during the Lebanese Civil War (1975–1990) the use of subunits was discontinued. The plural form of lira, as used in relation to the currency, is either ''lirat'' (ليرات ''līrāt'') or invariant, whilst there were four forms for ''qirsh'': the dual ''qirshān'' (قرشان) used with number 2, the plural ''qurush'' (قروش) used with numbers 3–10, the accusative singular ''qirshan'' (قرشا) used with 11–99, and the genitive singular ''qirshi'' (قرش) used with multiples of 100. The number determines which plural form is used. Before World War II, the Arabic spelling of the subdivision was غرش (''girsh''). All of Lebanon's coins and banknotes are bilingu ...
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Bahamian Pound
The pound was the currency of the Bahamas until 1966. It was equivalent to the pound sterling and was divided into 20 '' shillings'', each of 12 ''pence''. Standard sterling coinage circulated. Apart from a Bahamas penny coin struck in 1806, there were no special coin issues such as were found in Jamaica. History In 1825, an imperial Order-in-Council was passed for the purposes of introducing sterling coinage into all the British colonies. It wasn't immediately very effective due to unrealistic ratings, and it required a further Order-in-Council to be passed in 1838. By the middle of the nineteenth century, Sterling coinage had replaced the Spanish dollar throughout all of the British West Indies. But it was only in the Bahamas, Bermuda, and Jamaica that the pound unit of account was used. In the Eastern Caribbean territories and in British Guiana, the dollar unit of account was retained in conjunction with the British coinage at a fixed rate of one dollar to four shillings and t ...
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Vanuatu Vatu
The vatu (abbreviation: VT;The Reserve Bank of Vanuatu.Current Banknotes and Coins in Circulation" Accessed 2 March 2013. ISO code: VUV) is the currency of Vanuatu. The vatu has no subdivisions. Etymology The term ''vatu'', used in all three official languages of Vanuatu, was borrowed from the word for "stone" in some indigenous languages (such as Raga ''vatu''). Ultimately, it descends from Proto-Oceanic ''*patu'', from Proto-Malayo-Polynesian and Proto-Austronesian ''*batu'' of the same meaning. Exchange rate History The vatu was introduced in 1981, one year after independence, to replace the New Hebrides franc at par. The vatu was issued as a single unit with no subdivision, with the 1 vatu coin being the smallest denomination issued, in a similar vein to the (post-1953) Japanese yen and the Tajikistani rouble (although that had an official if theoretical, subdivision). The ISO 4217 currency code for the Vanuatu vatu is VUV. Its nationally recognized symbol V ...
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Papua And New Guinea
The Territory of Papua and New Guinea, officially the Administrative Union of the Territory of Papua and the Territory of New Guinea, was established by an administrative union between the Australian-administered territories of Territory of Papua, Papua and Territory of New Guinea, New Guinea (the latter being a United Nations trust territories, United Nations trust territory administered by Australia) in 1949. In December 1971, the name of the Territory changed to "Papua New Guinea" and in 1975 it became the Independent State of Papua New Guinea. Background Ancient history Archeological evidence suggests that humans arrived on New Guinea around 50,000 years ago. These Melanesians, Melanesian people developed stone tools and agriculture. Portuguese and Spanish navigators sailing in the South Pacific entered New Guinea waters in the early part of the 16th century and in 1526–27, Jorge de Menezes came upon the principal island "Papua". In 1545, the Spaniard Yñigo Ortiz de Ret ...
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New Hebrides
New Hebrides, officially the New Hebrides Condominium (french: link=no, Condominium des Nouvelles-Hébrides, "Condominium of the New Hebrides") and named after the Hebrides, Hebrides Scottish archipelago, was the colonial name for the island group in the Pacific Ocean, South Pacific Ocean that is now Vanuatu. Native people had inhabited the islands for three thousand years before the first Europeans arrived in 1606 from a Spanish expedition led by Portuguese navigator Pedro Fernandes de Queirós. The islands were colonised by both the British and French in the 18th century, shortly after Captain James Cook visited. The two countries eventually signed an agreement making the islands an Anglo-French Condominium (international law), condominium that divided New Hebrides into two separate communities: one English language, Anglophone and one French language, Francophone. That divide continued even after independence, with schools teaching in either one language or the other, an ...
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Nauru
Nauru ( or ; na, Naoero), officially the Republic of Nauru ( na, Repubrikin Naoero) and formerly known as Pleasant Island, is an island country and microstate in Oceania, in the Central Pacific. Its nearest neighbour is Banaba Island in Kiribati, about to the east. It further lies northwest of Tuvalu, northeast of Solomon Islands, east-northeast of Papua New Guinea, southeast of the Federated States of Micronesia and south of the Marshall Islands. With only a area, Nauru is the third-smallest country in the world behind Vatican City and Monaco, making it the smallest republic as well as the smallest island nation. Its population of about 10,000 is the world's second-smallest (not including colonies or overseas territories), after Vatican City. Settled by people from Micronesia circa 1000 BCE, Nauru was annexed and claimed as a colony by the German Empire in the late 19th century. After World War I, Nauru became a League of Nations mandate administere ...
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Gilbert And Ellice Islands
The Gilbert and Ellice Islands (GEIC as a colony) in the Pacific Ocean were part of the British Empire from 1892 to 1976. They were a protectorate from 1892 to 12 January 1916, and then a colony until 1 January 1976. The history of the colony was mainly characterized by phosphate mining on Ocean Island. In October 1975, these islands were divided by force of law into two separate colonies, and they became independent nations shortly thereafter: the Ellice Islands became Tuvalu in 1978, and the Gilbert Islands became part of Kiribati in 1979. Location The Gilbert IslandsReilly Ridgell. ''Pacific Nations and Territories: The Islands of Micronesia, Melanesia, and Polynesia.'' 3rd. Ed. Honolulu: Bess Press, 1995. p. 95. (sometimes also known as ''Kingsmill Islands''Very often, this name applied only to the southern islands of the archipelago. ''Merriam-Webster's Geographical Dictionary''. Springfield, Massachusetts: Merriam Webster, 1997. p. 594.) are a chain of sixteen atolls an ...
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Australian Dollar
The Australian dollar ( sign: $; code: AUD) is the currency of Australia, including its external territories: Christmas Island, Cocos (Keeling) Islands, and Norfolk Island. It is officially used as currency by three independent Pacific Island states: Kiribati, Nauru, and Tuvalu. It is legal tender in Australia.''Reserve Bank Act 1959'', s.36(1)
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''Currency Act 1965'', s.16
Within Australia, it is almost always abbreviated with the dollar sign ($), with A$ or AU$ sometimes used to distinguish it from other
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Australian Pound
The pound ( Sign: £, £A for distinction) was the currency of Australia from 1910 until 14 February 1966, when it was replaced by the Australian dollar. As with other £sd currencies, it was subdivided into 20 shillings (denoted by the symbol s or /–), each of 12 pence (denoted by the symbol d). History The establishment of a separate Australian currency was contemplated by section 51(xii) of the Constitution of Australia, which gave Federal Parliament the right to legislate with respect to "currency, coinage, and legal tender". Establishment Coinage The Deakin Government's ''Coinage Act 1909'' distinguished between "British coin" and "Australian coin", giving both status as legal tender of equal value. The Act gave the Treasurer the power to issue silver, bronze and nickel coins, with the dimensions, size, denominations, weight and fineness to be determined by proclamation of the Governor-General. The first coins were issued in 1910, produced by the Royal Mint in ...
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Cable (foreign Exchange)
The term cable is a slang term used by forex traders to refer to the exchange rate between the pound sterling and US dollar. The term originated in the mid-19th century, when the exchange rate between the US dollar and sterling began to be transmitted across the Atlantic by a submarine communications cable. Since that time the exchange rate has been referred to as the cable. The first Transatlantic Cable was laid under the Atlantic Ocean in 1858, but it failed after only about a month of fitful service. The first truly successful cable across the Atlantic was completed in July 1866, reliably transmitting currency prices between the London and New York City Exchanges. The first such exchange rate to be published in '' The Times'' appeared in their issue of 10 August 1866. Transatlantic communications are now mainly carried by optical fibre An optical fiber, or optical fibre in Commonwealth English, is a flexible, transparent fiber made by drawing glass (silica) or pl ...
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Syrian Pound
The Syrian pound or lira ( ar, الليرة السورية, al-līra as-sūriyya; abbreviation: LS or SP in Latin, ل.س in Arabic, historically also £S, and £Syr; ISO code: SYP) is the currency of Syria. It is issued by the Central Bank of Syria. The pound is nominally divided into 100 piastres ( ''qirsh,'' plural قروش ''qurūsh'' in Arabic, abbreviated to ), although piastre coins are no longer issued. Before 1947, the Arabic inscription of the word "qirsh" was spelled with the initial Arabic letter غ, after which the word began with ق. Until 1958, banknotes were issued with Arabic on the obverse and French on the reverse. Since 1958, English has been used on the reverses, hence the three different names for this currency. Coins used both Arabic and French until independence, then only Arabic. History During the period when Syria was a part of the Ottoman Empire, which lasted about 400 years, the Ottoman lira was its main currency. Following the fall of th ...
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