Special Agro-cheque
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Special Agro-cheque
The banknotes of Zimbabwe were physical forms of Zimbabwe's first four incarnations of the dollar ($ or Z$), from 1980 to 2009. The banknotes of the first dollar replaced those of the Rhodesian dollar at par in 1981, one year after the proclamation of independence. The Reserve Bank of Zimbabwe issued most of the banknotes and other types of currency notes in its history, including the bearer cheques and special agro-cheques ("agro" being short for agricultural) that circulated between 15 September 2003 and 31 December 2008: the Standard Chartered Bank also issued their own emergency cheques from 2003 to 2004. The obverse of Zimbabwean banknotes (including notes of the 2019-2024 dollar) featured an illustration of the Domboremari, one of the Chiremba Balancing Rocks located near Harare and Epworth: the Domboremari also appeared on bearer and agro-cheques, as part of the Reserve Bank's logo. The reverse often featured the culture or landmarks of the country. The second dolla ...
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Zimbabwean Banknote Collage, Third Dollar
Demographic features of the population of Zimbabwe include population density, ethnicity, education level, health of the populace, economic status, religious affiliations and other aspects of the population. Population The population of Zimbabwe has grown during the 20th century. This is in accordance with the model of a developing country with high birth rates and falling death rates, resulting in relatively high population growth rate (around 3% or above in the 1960s and early 1970s). After a spurt in the period 1980–1983 following independence, a decline in birth rates set in. Since 1991, however, there has been a jump in death rates from a low of 10 per 1000 in 1985 to a high of 25 per 1000 in 2002/2003. It has since subsided to just under 22 per 1000 (estimate for 2007) a little below the birth rate of around 27 per 1000. ZimStat released the 2022 Population and Housing Census Preliminary Results which showed that Zimbabwe's population had increased by 16.2% and stood at ...
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Hard Currency
In macroeconomics, hard currency, safe-haven currency, or strong currency is any globally traded currency that serves as a reliable and stable store of value. Factors contributing to a currency's ''hard'' status might include the stability and reliability of the respective state's legal and bureaucratic institutions, level of corruption, long-term stability of its purchasing power, the associated country's political and fiscal condition and outlook, and the policy posture of the issuing central bank. Safe haven currency is defined as a currency which behaves like a hedge for a reference portfolio of risky assets conditional on movements in global risk aversion. Conversely, a weak or soft currency is one which is expected to fluctuate erratically or depreciate against other currencies. Softness is typically the result of weak legal institutions and/or political or fiscal instability. Junk currency is even less trusted than soft currency, and has a very low currency value. Soft ...
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Swiss Franc
The Swiss franc, or simply the franc, is the currency and legal tender of Switzerland and Liechtenstein. It is also legal tender in the Italian exclave of Campione d'Italia which is surrounded by Swiss territory. The Swiss National Bank (SNB) issues banknotes and the federal mint Swissmint issues coins. It is also designated through currency signs ''Fr.'' (in German language), ''fr.'' (in French language, French, Italian language, Italian, Romansh languages), as well as in any other language, or internationally as ''CHF'' which stands for Franc. This acronym also serves as the ISO 4217 currency code, used by banks and financial institutions. The smaller denomination, a hundredth of a franc, is a (Rp.) in German, (c.) in French, (ct.) in Italian, and (rp.) in Romansh. The official symbols ''Fr.'' (German symbol) and ''fr.'' (Latin languages) are widely used by businesses and advertisers, also for the English language. According to ''Art. 1 SR/RS 941.101'' of the federal law ...
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Counterfeit Money
Counterfeit money is currency produced outside of the legal sanction of a state or government, usually in a deliberate attempt to imitate that currency and so as to deceive its recipient. Producing or using counterfeit money is a form of fraud or forgery, and is illegal in all jurisdictions of the world. The business of counterfeiting money is nearly as old as money itself: plated copies (known as Fourrées) have been found of Lydian coins, which are thought to be among the first Western coins. Before the introduction of paper money, the most prevalent method of counterfeiting involved mixing base metals with pure gold or silver. Another form of counterfeiting is the production of documents by legitimate printers in response to fraudulent instructions. During World War II, the Nazis forged British pounds and American dollars. Today, some of the finest counterfeit banknotes are called '' Superdollars'' because of their high quality and imitation of the real US dollar. There has ...
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Time Limit
A time limit or deadline is a narrow field of time, or a particular point in time, by which an objective or task must be accomplished. Once that time has passed, the item may be considered overdue (e.g., for work projects or school assignments). In the case of work assignments or projects that are not completed by the deadline, this may adversely affect the employee's performance rating. In the case of school assignments, essays or reports submitted after the deadline, marks or grades may be deducted from the student's assessment. In some cases, no materials can be submitted after the deadline. This may occur with Call for Proposals, calls for proposal, commercial Request for tender, tenders for bids, and application dates for universities and professional schools. For tests and examinations in schools, universities and job competitions, once the time limit for the test is up, the test-takers must put down their pens or pencils and hand in their test. In project management, deadlin ...
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Commission (remuneration)
Commissions are a form of variable-pay remuneration for services rendered or products sold. Commissions are a common way to motivate and reward salespeople. Commissions can also be designed to encourage specific sales behaviors. For example, commissions may be reduced when granting large discounts. Or commissions may be increased when selling certain products the organization wants to promote. Commissions are usually implemented within the framework on a sales incentive program, which can include one or multiple commission plans (each typically based on a combination of territory, position, or products). Payments are often calculated using a percentage of revenue, a way for firms to solve the principal–agent problem by attempting to realign employees' interests with those of the firm. However, models other than percentages are possible, such as profit-based approaches, or bonus-based approaches. Commissions allow sales personnel to be paid (in part or entirely) based on products o ...
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Traveller's Cheque
A traveller's cheque is a medium of exchange that can be used in place of the currency of a country. Each cheque is denominated in a preprinted fixed, round, amount of one of a number of major world currencies; it has two panels for a signature. The purchaser signs one panel of each cheque on receiving it; to use it, it is signed on the second panel and dated in the presence of the payee, who accepts it if the signatures match. It can then be deposited into a bank account in the same way as a normal cheque; payment was guaranteed if the signatures matched, even if a cheque had been used fraudulently, for example stolen, encouraging merchants to accept them routinely. While it was possible for the issuer to go out of business, invalidating cheques, most issuers were large, stable, businesses. Traveller's cheques were widely used from the 1850s to the 1990s by people travelling in foreign countries instead of cash, mainly before the introduction of payment cards and later elect ...
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The Herald (Zimbabwe)
''The Herald'' is a state-owned daily newspaper published in Harare Harare ( ), formerly Salisbury, is the Capital city, capital and largest city of Zimbabwe. The city proper has an area of , a population of 1,849,600 as of the 2022 Zimbabwe census, 2022 census and an estimated 2,487,209 people in its metrop ..., the capital of Zimbabwe. History Origins The newspaper's origins date back to the 19th century. Its forerunner was launched on 27 June 1891 by William Fairbridge for the Cape Argus, Argus group of South Africa. Named the ''Mashonaland Herald and Zambesian Times'', it was a weekly, hand-written news sheet produced using the Cyclostyle (copier), cyclostyle duplicating process. In October the following year it became a printed newspaper and changed its name to ''The Rhodesia Herald''. The Argus group later set up a subsidiary called the Rhodesian Printing and Publishing Company to run its newspapers in what was then Southern Rhodesia. After the white minority ...
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Standard Chartered Zimbabwe
Standard Chartered Zimbabwe (officially ''Standard Chartered Bank Zimbabwe Limited'') is a commercial bank in Zimbabwe and a subsidiary of FBC Holdings since 2024. It is licensed by the Reserve Bank of Zimbabwe, the central bank and national banking regulator. Overview Stanchart Zimbabwe is a large commercial bank, serving large corporate clients, upscale retail customers and medium to large business enterprises. As of December 2017, it had total assets that were valued at US$815.8 million with shareholders equity of US$84.6 million. The headquarters and main branch of Standard Chartered Zimbabwe are located on the First Floor of the Africa Unity Square Building, at 68 Nelson Mandela Avenue, in downtown Harare, the capital and largest city of Zimbabwe. , Standard Chartered Bank Zimbabwe employed 582 personnel. History Standard Chartered Bank Zimbabwe is the oldest financial institution in Zimbabwe, having been established as Standard Bank in 1892. The current bank was created ...
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Cargill
Cargill, Incorporated is an American multinational food corporation based in Minnetonka, Minnesota, Minnetonka, Minnesota, and incorporated in Wilmington, Delaware. Founded in 1865 by William Wallace Cargill, it is the largest privately held company in the United States in terms of revenue. Some of Cargill's major businesses are trading, purchasing and distributing cereal, grain and other agricultural commodity, commodities, such as palm oil; trading in energy, steel and transport; raising livestock and production of fodder, feed; and producing food ingredients such as starch and glucose syrup, vegetable oil, vegetable oils and fats for application in ultra-processed foods and industrial use. Cargill also has a large financial services arm, which manages financial risks in the commodity markets for the company. In 2003, it split off a portion of its financial operations into Black River Asset Management, a hedge fund with about $10 billion of assets and liabilities. It previou ...
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Purchasing Power
Purchasing power refers to the amount of products and services available for purchase with a certain currency unit. For example, if you took one unit of cash to a store in the 1950s, you could buy more products than you could now, showing that the currency had more purchasing power back then. If one's income remains constant but prices rise, their purchasing power decreases. Inflation does not always result in decreased purchasing power, especially if income exceeds price levels. A larger real income means more purchasing power, as it corresponds to the income itself. Traditionally, the purchasing power of money depended heavily upon the local value of gold and silver, but was also made subject to the availability and demand of certain goods on the market. Most modern fiat currencies, like US dollars, are traded against each other and commodity money in the secondary market for the purpose of international Balance transfer, transfer of payment for goods and services. Scottish ec ...
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Desmond Krogh
Desmond Charles Krogh was a South African banker and economist. He was the last governor of the Reserve Bank of Rhodesia, and the first governor of the Reserve Bank of Zimbabwe from 1976 to 1983. Krogh was born on 19 July 1931 in Windhoek, South West Africa (now Namibia). Krogh graduated from University of Cape Town. He was professor of economics in University of South Africa from 1962 to 1969. He was appointed as assistant economic adviser to the Prime Minister of Rhodesia in 1961. He was a member of the economic advisory council of Prime Minister Ian Smith Ian Douglas Smith (8 April 191920 November 2007) was a Rhodesian politician, farmer, and fighter pilot who served as Prime Minister of Rhodesia (known as Southern Rhodesia until October 1964 and now known as Zimbabwe) from 1964 to 1979. He w .... Krogh was appointed as deputy governor of Reserve Bank of Rhodesia from 1974 to 1976, and appointed as governor in 1976 for a term of seven years. He died in 2019. Refer ...
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