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Grenadan Dollar
The history of currency in the British colony of Grenada closely follows that of the British Eastern Caribbean territories in general. Even though Queen Anne's proclamation of 1704 brought the gold standard to the West Indies, silver pieces of eight (Spanish dollars and later Mexican dollars) continued to form a major portion of the circulating currency right into the latter half of the nineteenth century. Britain adopted the gold standard in 1821 and an imperial order-in-council of 1838 resulted in Grenada formally adopting the sterling currency in the year 1840. However, despite the circulation of British coins in Grenada, the silver pieces of eight continued to circulate alongside them and the private sector continued to use dollar accounts for reckoning. The international silver crisis of 1873 signalled the end of the silver dollar era in the West Indies and silver dollars were demonetized in Grenada in 1878. This left a state of affairs in which the British coinage circulated, ...
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Grenada
Grenada is an island country of the West Indies in the eastern Caribbean Sea. The southernmost of the Windward Islands, Grenada is directly south of Saint Vincent and the Grenadines and about north of Trinidad and Tobago, Trinidad and the South American mainland. Grenada consists of the island of Grenada itself, two smaller islands, Carriacou and Petite Martinique, and several small islands which lie to the north of the main island and are a part of the Grenadines. Its size is , with an estimated population of 114,621 in 2024. Its capital is St. George's, Grenada, St. George's. Grenada is also known as the "Island of Spice" due to its production of nutmeg and mace (spice), mace crops. Before the European colonization of the Americas, arrival of Europeans in the Americas, Grenada was inhabited by the Indigenous peoples of the Americas, indigenous peoples from South America. Christopher Columbus sighted Grenada in 1498 during his Voyages of Christopher Columbus, third voyage t ...
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Penny
A penny is a coin (: pennies) or a unit of currency (: pence) in various countries. Borrowed from the Carolingian denarius (hence its former abbreviation d.), it is usually the smallest denomination within a currency system. At present, it is the formal name of the British penny ( p) and the '' de facto'' name of the American one-cent coin (abbr. ¢). ''Penny'' is also the informal name of the cent unit of account in Canada, although the production of one-cent coins was ended in 2012. The name ''penny'' is also used in reference to various historical currencies, also derived from the Carolingian system, such as the French denier and the German pfennig. It may also be informally used to refer to any similar smallest-denomination coin, such as the euro cent or Chinese fen. The Carolingian penny was originally a 0.940-fine silver coin, weighing pound. It was adopted by Offa of Mercia and other English kings and remained the principal currency in Europe ...
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Economy Of Grenada
The economy of Grenada is largely tourism-based, small, and open economy. Between the 1980s and the 2000s, the main thrust of Grenada's economy has shifted from agriculture to services, with tourism serving as the leading foreign currency earning sector. The country's principal export crops are the spices nutmeg and mace (Grenada is the world's second-largest producer of nutmeg after Indonesia). Other crops for export include cocoa, citrus fruits, bananas, cloves, and cinnamon. Manufacturing industries in Grenada operate mostly on a small scale, including production of beverages and other foodstuffs, textiles, and the assembly of electronic components for export. Economic growth picked up in the late 1990s following slow growth and domestic fiscal adjustment in the early years of the decade. Despite an expansionary fiscal policy, the public debt remained moderate at around 50 percent of GDP as deficits were financed partly by privatization receipts. Since 2001, economic gro ...
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Modern Obsolete Currencies
Modern may refer to: History *Modern history ** Early Modern period ** Late Modern period *** 18th century *** 19th century *** 20th century ** Contemporary history * Moderns, a faction of Freemasonry that existed in the 18th century Philosophy and sociology * Modernity, a loosely defined concept delineating a number of societal, economic and ideological features that contrast with "pre-modern" times or societies ** Late modernity Art * Modernism ** Modernist poetry * Modern art, a form of art * Modern dance, a dance form developed in the early 20th century * Modern architecture, a broad movement and period in architectural history ** Moderne, multiple architectural styles ** Modernisme a.k.a. Catalan Modernism * Modern music (other) Geography *Modra, a Slovak city, referred to in the German language as "Modern" Typography * Modern (typeface), a raster font packaged with Windows XP * Another name for the typeface classification known as Didone (typography) * Modern ...
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Barclays Bank
Barclays PLC (, occasionally ) is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services. Barclays traces its origins to the goldsmith banking business established in the City of London in 1690. James Barclay became a partner in the business in 1736. In 1896, twelve banks in London and the English provinces, including Goslings Bank, Backhouse's Bank and Gurney, Peckover and Company, united as a joint-stock bank under the name Barclays and Co. Over the following decades, Barclays expanded to become a nationwide bank. In 1967, Barclays deployed the world's first cash dispenser. Barclays has made numerous corporate acquisitions, including of London, Provincial and South Western Bank in 1918, British Linen Bank in 1919, Mercantile Credit in 1975, the Woolwich in 2000 and the North American operations of Lehman Brothers in 2 ...
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Royal Bank Of Canada
Royal Bank of Canada (RBC; ) is a Canadian multinational Financial institution, financial services company and the Big Five (banks), largest bank in Canada by market capitalization. The bank serves over 20 million clients and has more than 100,000 employees worldwide. Founded in 1864 in Halifax, Nova Scotia, it maintains its corporate headquarters in Toronto and its head office in Montreal. RBC's Routing number (Canada), institution number is 003. In November 2017, RBC was added to the Financial Stability Board's List of systemically important banks, list of global systemically important banks. In Canada, the bank's personal and commercial banking operations are branded as ''RBC Royal Bank'' in English and ''RBC Banque Royale'' in French and serves approximately 11 million clients through its network of 1,284 branches. RBC Bank is a US banking subsidiary which formerly operated 439 branches across six states in the Southeastern United States, but now only off ...
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East Caribbean Dollar
The Eastern Caribbean dollar (currency symbol, symbol: EC$; ISO 4217, code: XCD) is the currency of all seven full members and one associate member of the Organisation of Eastern Caribbean States (OECS). The successor to the British West Indies dollar, it has existed since 1965, and it is normally abbreviated with the dollar sign ''$'' or, alternatively, ''EC$'' to distinguish it from other dollar-denominated currencies. The EC$ is subdivided into 100 cent (currency), cents. It has been Fixed exchange rate system, pegged to the United States dollar since 7 July 1976, at the exchange rate of = .70. Circulation Six of the states using the EC$ are independent states: Antigua and Barbuda, Dominica, Grenada, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines. The other two, Anguilla and Montserrat, are British Overseas Territories. These states are all members of the Eastern Caribbean Currency Union. Other associate members of the OECS do not use the Eastern Car ...
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British West Indies
The British West Indies (BWI) were the territories in the West Indies under British Empire, British rule, including Anguilla, the Cayman Islands, the Turks and Caicos Islands, Montserrat, the British Virgin Islands, Bermuda, Antigua and Barbuda, the Bahamas, Barbados, Dominica, Grenada, Jamaica, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, British Honduras, British Guiana and Trinidad and Tobago. The Kingdom of England first English overseas possessions, established colonies in the region during the 17th century. Financed by valuable extractive commodities such as sugar production, the colonies were also at the centre of the Atlantic slave trade, with around 2.3 million slaves being brought to the British West Indies. The colonies also served as bases to project the power of the British Empire through the Royal Navy and Britain's Merchant Marine, and to expand and protect British overseas trade. Before the decolonization of the Americas in the later ...
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British Pound
Sterling (Currency symbol, symbol: Pound sign, £; ISO 4217, currency code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound is the main unit of account, unit of sterling, and the word ''Pound (currency), pound'' is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. Sterling is the world's oldest currency in continuous use since its inception. In 2022, it was the fourth-most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and the renminbi, it forms the basket of currencies that special drawing rights#Value definition, calculate the value of IMF special drawing rights. As of late 2022, sterling is also the fourth most-held reserve currency in Foreign exchange reserves, global reserves. The Bank of England is the central bank for sterling, issui ...
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Spanish Colonial Real
The silver real () was the currency of the Spanish colonies in America and the Philippines. In the seventeenth century the silver real was established at two billon reales (''reales de vellón'') or sixty-eight '' maravedíes''. Gold '' escudos'' (worth 16 reales) were also issued. The coins circulated throughout Spain's colonies and beyond, with the eight-real piece, known in English as the Spanish dollar, becoming an international standard and spawning, among other currencies, the United States dollar. A reform in 1737 set the silver real at two and half billon reales (reales de vellón) or eighty-five maravedís. This coin, called the ''real de plata fuerte'', became the new standard, issued as coins until the early 19th century. The gold escudo was worth 16 ''reales de plata fuerte''. History Coins were produced at mints in Bogotá, Caracas, Guatemala City, Lima, Mexico City, Popayán, Potosí, Santo Domingo and Santiago. For details, see the: * Colombian reales * Me ...
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Eastern Caribbean
The Organisation of Eastern Caribbean States (OECS; French: ''Organisation des États de la Caraïbe orientale'', OECO) is an inter-governmental organisation dedicated to economic harmonisation and integration, protection of human and legal rights, and the encouragement of good governance between countries and territories in the Eastern Caribbean. It also performs the role of spreading responsibility and liability in the event of natural disaster. The administrative body of the OECS is the Commission, which is headquartered in Castries, the capital of Saint Lucia. OECS operates an economic union within the larger CARICOM economic union. Eight members operate as a currency union - the Eastern Caribbean Currency Union, using the Eastern Caribbean dollar. History OECS was created on 18 June 1981, with the Treaty of Basseterre, which was named after the capital city of St. Kitts and Nevis. OECS is the successor of the Leewards Islands' political organisation known as ...
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Spanish Dollar
The Spanish dollar, also known as the piece of eight (, , , or ), is a silver coin of approximately diameter worth eight Spanish reales. It was minted in the Spanish Empire following a monetary reform in 1497 with content fine silver. It was widely used as the first international currency because of its uniformity in standard and milling characteristics. Some countries countermarked the Spanish dollar so it could be used as their local currency. Because the Spanish dollar was widely used in Europe, the Americas, and the Far East, it became the first world currency by the 16th century. The Spanish dollar was the coin upon which the original United States dollar was based (at ), and it remained legal tender in the United States until the Coinage Act of 1857. Many other currencies around the world, such as the Japanese yen and the Chinese yuan, were initially based on the Spanish dollar and other 8-real coins. Most theories trace the origin of the "$" symbol, which origina ...
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