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Banknotes Of India
A banknote or bank notealso called a bill (North American English) or simply a noteis a type of paper money that is made and distributed ("issued") by a bank of issue, payable to the bearer on demand. Banknotes were originally issued by commercial banks, which were legally required to redeem the notes for legal tender (usually gold or silver coin) when presented to the chief cashier of the originating bank. These commercial banknotes only traded at face value in the market served by the issuing bank. Commercial banknotes have primarily been replaced by national banknotes issued by central banks or monetary authorities. By extension, the word "banknote" is sometimes used (including by collectors) to refer more generally to paper money, but in a strict sense notes that have not been issued by banks, e.g. government notes, are not banknotes. National banknotes are often, but not always, legal tender, meaning that courts of law are required to recognize them as satisfactory pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
North American English
North American English (NAmE) encompasses the English language as spoken in both the United States and Canada. Because of their related histories and cultures, plus the similarities between the pronunciations (accents), vocabulary, and grammar of American English, U.S. English and Canadian English, linguists often group the two together. Canadians are generally tolerant of both British and American spellings, although certain words always take British spellings (e.g., ''cheque'') and others American spellings (e.g., ''tire'' rather than ''tyre''). Dialects of English spoken by United Empire Loyalists who fled the American Revolution (1775–1783) have had a large influence on Canadian English from its early roots. Some terms in North American English are used almost exclusively in Canada and the United States (for example, the terms ''diaper'' and ''gasoline'' are widely used instead of ''nappy'' and ''petrol''). Although many English speakers from outside North America regard ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Reserve Note
Federal Reserve Notes are the currently issued banknotes of the United States dollar. The United States Bureau of Engraving and Printing produces the notes under the authority of the Federal Reserve Act of 1913 and issues them to the Federal Reserve Banks at the discretion of the Federal Reserve Board of Governors, Board of Governors of the Federal Reserve System. The Reserve Banks then circulate the notes to their member banks, at which point they become liabilities of the Reserve Banks and obligations of the United States. Federal Reserve Notes are legal tender, with the words "this note is legal tender for all debts, public and private" printed on each note. The notes are backed by financial assets that the Federal Reserve Banks pledge as collateral, which are mainly United States Treasury security, Treasury securities and agency security, mortgage agency securities that they purchase on the open market by fiat money, fiat payment. History Following the enactment of the Cons ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Board Of Commissioners Of Currency, Singapore
The Monetary Authority of Singapore or (MAS), is the central bank and Financial regulation, financial regulatory authority of Singapore. It administers the various statutes pertaining to money, banking, insurance, securities and the financial sector in general, as well as Singapore dollar, currency issuance and manages the foreign-exchange reserves. It was established in 1971 to act as the banker to and as a financial agent of the Government of Singapore. The body is duly accountable to the Parliament of Singapore through the Minister-in-charge, who is also the Incumbent Chairman of the central bank. In May 2025 the fund had United States dollar, US$629 billion in assets under management. History The Monetary Authority of Singapore (MAS) was founded in on with authority to regulate and supervise banking and finance in Singapore. It coexisted with the Board of Commissioners of Currency, Singapore established in 1967 to issue the city-state's currency, with which it eventually ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banknotes Of The Hong Kong Dollar
The issue of banknotes of the Hong Kong dollar is governed in the Special administrative region, Special Administrative Region of Hong Kong by the Hong Kong Monetary Authority (HKMA), the governmental currency board and central bank of Hong Kong. Under licence from the HKMA, three commercial banks issue their own banknotes for general circulation in the region. Notes are also issued by the HKMA itself. In most countries of the world, the issue of banknotes is handled exclusively by a single central bank or government. The arrangements in Hong Kong are unusual but not unique, as a comparable system is used in the United Kingdom where six commercial banks other than the Bank of England (the central bank of the UK) issue Banknotes of the pound sterling, banknotes (three in Scotland and three in Northern Ireland) and Macau where Macanese pataca#Banknotes, two banks issue banknotes. Hong Kong dollar banknotes in everyday circulation are issued in denominations of $10, $20, $50, $100 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
