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De Facto Currency
A de facto currency is a unit of money that is not legal tender in a country but is treated as such by most of the populace. The United States dollar and the European Union euro are the most common de facto currencies. Euro Andorra used the euro unofficially prior to June 2013, at which point the euro became its official currency. The euro remains the de facto currency in Kosovo and Montenegro. United States dollar Countries using the United States dollar as their de facto currency include Aruba and Cambodia, where most hotels, restaurants, and transportation are priced in dollars; Dominican Republic where it is acceptable in many places, including airports to pay temporary visa fees for non-US/Dominican visits; Iraq, where United States commercial, governmental and military involvement due to the Iraq War and the Iraqi Dinar's low value has made the US dollar highly preferred; Timor-Leste, Lebanon, El Salvador, Ecuador and Panama; Venezuela where they accept the USD for p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Legal Tender
Legal tender is a form of money that Standard of deferred payment, courts of law are required to recognize as satisfactory payment in court for any monetary debt. Each jurisdiction determines what is legal tender, but essentially it is anything which, when offered ("tendered") in payment of a debt, extinguishes the debt. There is no obligation on the creditor to accept the tendered payment, but the act of tendering the payment in legal tender discharges the debt. It is generally only mandatory to recognize the payment of legal tender in the discharge of a monetary debt from a debtor to a creditor. Sellers offering to enter into contractual relationship, such as a contract for the sale of goods, do not need to accept legal tender and may instead contractually require payment using electronic methods, foreign currencies or any other legally recognized object of value. Coins and banknotes are usually defined as legal tender in many countries, but personal cheque, checks, credit c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
El Salvador
El Salvador, officially the Republic of El Salvador, is a country in Central America. It is bordered on the northeast by Honduras, on the northwest by Guatemala, and on the south by the Pacific Ocean. El Salvador's capital and largest city is San Salvador. The country's population in 2024 was estimated to be 6 million according to a government census. Among the Mesoamerican nations that historically controlled the region are the Maya peoples, Maya, and then the Cuzcatlan, Cuzcatlecs. Archaeological monuments also suggest an early Olmec presence around the first millennium BC. In the beginning of the 16th century, the Spanish conquest of El Salvador, Spanish Empire conquered the Central American territory, incorporating it into the Viceroyalty of New Spain ruled from Mexico City. However, the Viceroyalty of New Spain had little to no influence in the daily affairs of the isthmus, which was colonized in 1524. In 1609, the area was declared the Captaincy General of Guatemala by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
France
France, officially the French Republic, is a country located primarily in Western Europe. Overseas France, Its overseas regions and territories include French Guiana in South America, Saint Pierre and Miquelon in the Atlantic Ocean#North Atlantic, North Atlantic, the French West Indies, and List of islands of France, many islands in Oceania and the Indian Ocean, giving it Exclusive economic zone of France, one of the largest discontiguous exclusive economic zones in the world. Metropolitan France shares borders with Belgium and Luxembourg to the north; Germany to the northeast; Switzerland to the east; Italy and Monaco to the southeast; Andorra and Spain to the south; and a maritime border with the United Kingdom to the northwest. Its metropolitan area extends from the Rhine to the Atlantic Ocean and from the Mediterranean Sea to the English Channel and the North Sea. Its Regions of France, eighteen integral regions—five of which are overseas—span a combined area of and hav ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Botswana Pula
The Pula (also known as the Botswana dollar) is the currency of Botswana. It has the ISO 4217 code ''BWP'' and is subdivided into 100 ''thebe''. ''Pula'' literally means "rain" in Setswana, because rain is very scarce in Botswana—home to much of the Kalahari Desert—and therefore valuable and a blessing. The word also serves as the national motto of the country. A sub-unit of the currency is known as ''thebe'', or "shield", and represents defence. The names were picked with the help of the public. History The pula was introduced on 23 August 1976, subsequently known as "Pula Day", replacing the South African rand, rand at par. One hundred days after the pula was introduced, the rand ceased to be legal tender in Botswana. Coins In 1976, coins were introduced in denominations of 1, 5, 10, 25 and 50 thebe. The 1 thebe was struck in aluminium, with the 5 thebe in bronze and the others in cupro-nickel. These coins were round except for the scalloped 1 pula. Bronze, dodecagonal 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South African Rand
The South African rand, or simply the rand, (currency sign, sign: R; ISO 4217, code: ZAR) is the official currency of South Africa. It is subdivided into 100 Cent (currency), cents (sign: "c"), and a comma separates the rand and cents. The South African rand is legal tender in the Common Monetary Area member states of Namibia, Lesotho, and Eswatini, with these three countries also having national currencies: (the Namibian dollar, dollar, the Lesotho loti, loti and the Swazi lilangeni, lilangeni respectively) pegged with the rand at parity and still widely accepted as substitutes. The rand was also legal tender in Botswana until 1976 when the Botswana pula, pula replaced the rand at par. The rand is legal tender in Zimbabwe as part of its multiple currency system, which also includes other currencies such as the euro, the pound sterling, the US dollar, and the Zimbabwean ZiG. Etymology The rand takes its name from the Witwatersrand ("white waters' ridge" in English, being t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hyperinflation In Zimbabwe
Hyperinflation in Zimbabwe is an ongoing period of currency instability in Zimbabwe which, using Phillip D. Cagan, Cagan's definition of Hyperinflation#Definition, hyperinflation, began in February 2007. During the height of inflation from 2008 to 2009, it was difficult to measure Zimbabwe's hyperinflation because the government of Zimbabwe stopped filing official inflation statistics. However, Zimbabwe's peak month of inflation is estimated at 79.6 billion percent month-on-month, 89.7 sextillion (8.97 \times 10^) percent year-on-year in mid-November 2008. At that time, a $100 trillion bill didn't cover a simple bus fare. In April 2009, Zimbabwe stopped printing its currency, and currencies from other countries were used. In mid-2015, Zimbabwe announced plans to have completely switched to the United States dollar by the end of that year. In June 2019, the Zimbabwean government announced the reintroduction of the Real Time Gross Settlement dollar (RTGS), to be known simply as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Russian Ruble
The ruble or rouble (; Currency symbol, symbol: ₽; ISO 4217, ISO code: RUB) is the currency of the Russia, Russian Federation. Banknotes and coins are issued by the Central Bank of Russia, which is Russia's central bank, monetary authority independent of all other government bodies.wikisource:en:Constitution of Russia#Article 75, Article 75 - Constitution of the Russian Federation (English translation) The ruble is the second-oldest currency in continuous use and the first Decimalisation, decimal currency. The ruble was the currency of the Russian Empire, which was replaced by the Soviet ruble (code: SUR) during the Soviet Union, Soviet period. Following the dissolution of the Soviet Union, by 1992, the Soviet ruble was replaced in the Russian Federation by the Russian ruble (code: RUR) Par value, at par. The Russian ruble then further continued to be used in 11 post-Soviet states, forming a "ruble zone" until 1993. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crimea
Crimea ( ) is a peninsula in Eastern Europe, on the northern coast of the Black Sea, almost entirely surrounded by the Black Sea and the smaller Sea of Azov. The Isthmus of Perekop connects the peninsula to Kherson Oblast in mainland Ukraine. To the east, the Crimean Bridge, constructed in 2018, spans the Strait of Kerch, linking the peninsula with Krasnodar Krai in Russia. The Arabat Spit, located to the northeast, is a narrow strip of land that separates the Syvash lagoons from the Sea of Azov. Across the Black Sea to the west lies Romania and to the south is Turkey. The population is 2.4 million, and the largest city is Sevastopol. The region, internationally recognized as part of Ukraine, has been under Russian occupation of Crimea, Russian occupation since 2014. Called the Tauric Peninsula until the early modern period, Crimea has historically been at the boundary between the Classical antiquity, classical world and the Pontic–Caspian steppe, steppe. Greeks in pre-Rom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South Ossetia
South Ossetia, officially the Republic of South Ossetia or the State of Alania, is a landlocked country in the South Caucasus with International recognition of Abkhazia and South Ossetia, partial diplomatic recognition. It has an officially stated population of just over 56,500 people (2022), who live in an area of , with 33,000 living in the capital city, Tskhinvali. As of 2024, only five members of the United Nations (UN) recognise South Ossetia as a sovereign stateRussia, Venezuela, Nicaragua, Nauru, and Syria. The Government of Georgia (country), Georgian government and all other UN member states regard South Ossetia as Westphalian system, sovereign territory of Georgia (country), Georgia. The political status of South Ossetia is a central issue of the Georgian–Ossetian conflict and Georgia–Russia relations. The Georgian constitution designates the area as "the former autonomous district of South Ossetia", in reference to the South Ossetian Autonomous Oblast dis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abkhazia
Abkhazia, officially the Republic of Abkhazia, is a List of states with limited recognition, partially recognised state in the South Caucasus, on the eastern coast of the Black Sea, at the intersection of Eastern Europe and West Asia. It covers and has a population of around 245,000. Its capital and largest city is Sukhumi. The political status of Abkhazia is a central issue of the Abkhazia conflict and Georgia–Russia relations. Abkhazia has been International recognition of Abkhazia and South Ossetia, recognised as an independent state only by 5 states: Russia, Venezuela, Nicaragua, Nauru, and Syria. Georgia (country), Georgia and other countries consider Abkhazia as a Georgia's sovereign territory.Olga Oliker, Thomas S. Szayna. Faultlines of Conflict in Central Asia and the South Caucasus: Implications for the U.S. Army. Rand Corporation, 2003, .Emmanuel Karagiannis. Energy and Security in the Caucasus. Routledge, 2002. . Lacking effective control over the Abkhazian territ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Venezuela
Venezuela, officially the Bolivarian Republic of Venezuela, is a country on the northern coast of South America, consisting of a continental landmass and many Federal Dependencies of Venezuela, islands and islets in the Caribbean Sea. It comprises an area of , and its population was estimated at 29 million in 2022. The capital and largest urban agglomeration is the city of Caracas. The continental territory is bordered on the north by the Caribbean Sea and the Atlantic Ocean, on the west by Colombia, Brazil on the south, Trinidad and Tobago to the north-east and on the east by Guyana. Venezuela is a presidential republic consisting of States of Venezuela, 23 states, the Venezuelan Capital District, Capital District and Federal Dependencies of Venezuela, federal dependencies covering Venezuela's offshore islands. Venezuela is among the most urbanized countries in Latin America; the vast majority of Venezuelans live in the cities of the north and in the capital. The territory o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Panama
Panama, officially the Republic of Panama, is a country in Latin America at the southern end of Central America, bordering South America. It is bordered by Costa Rica to the west, Colombia to the southeast, the Caribbean Sea to the north, and the Pacific Ocean to the south. Its capital and largest city is Panama City, whose metropolitan area is home to nearly half of the country's over million inhabitants. Before the arrival of Spanish Empire, Spanish colonists in the 16th century, Panama was inhabited by a number of different Indigenous peoples of Panama, indigenous tribes. It Independence Act of Panama, broke away from Spain in 1821 and joined the Republic of Gran Colombia, a union of Viceroyalty of New Granada, Nueva Granada, Ecuador, and Venezuela. After Gran Colombia dissolved in 1831, Panama and Nueva Granada eventually became the Republic of Colombia. With the backing of the United States, Panama seceded from Colombia in 1903, allowing the construction of the Panama Ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
