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Italian East African Lira
The Italian East African lira was a special banknote circulating in Italian East Africa (, AOI) between 1938 and 1941. Data When Fascist Italy imposed the Italian lira in occupied Ethiopia in 1936, it decided upon a rate of 3 lire = 1 thaler. Ethiopians were obliged by law to change their coins and banknotes but considering that the thaler was a silver coin with a value 28 times higher than the lira, they began to hide them to retain the metal value. The Italian government declared this practice illegal, but in 1938 issued a new banknotes "lira AOI" at a better rate of 4.5 lire = 1 thaler for citizens who would willingly exchange their silver coins at the Bank of Italy. Very few people accepted this and in 1939 they were offered a second possibility at a rate 5 lire = 1 thaler. In Italian Somaliland, the lira was already circulating. In occupied Ethiopia, the lira replaced the Ethiopian thaler (issued by the National Bank of Ethiopia) whilst in Italian Eritrea it replaced ...
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Italian Invasion Of British Somaliland
The Italian invasion of British Somaliland (3–19 August 1940) was part of the East African campaign (1940–1941) in which Italian, Eritrean and Somali forces entered the Somaliland Protectorate and defeated its garrison of British, Commonwealth and colonial forces supported by Somali irregulars. The Italian victory was based on mobility and speed but was hampered by the terrain, rainy weather and British resistance. At the Battle of Tug Argan (11–15 August) Italian attacks had the advantage of artillery and the outnumbered defenders were gradually worn down and slowly outflanked, until the remaining fortified hilltops were vulnerable to capture. After the failure of a counter-attack towards the Mirgo Pass, the local commander, Major-General Reade Godwin-Austen, had too few men to retrieve the situation and to keep open an escape route at the same time and was given permission to retreat towards Berbera. The British fought a rearguard action at Barkasan on 17 August a ...
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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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Currencies Of Somalia
A currency is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance; i.e., legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term ''currency'' appear in the respective synonymous articles: banknote, coin, and money. This article uses ...
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British Occupation
The British Empire comprised the dominions, colonies, protectorates, mandates, and other territories ruled or administered by the United Kingdom and its predecessor states. It began with the overseas possessions and trading posts established by England in the late 16th and early 17th centuries, and colonisation attempts by Scotland during the 17th century. At its height in the 19th and early 20th centuries, it became the largest empire in history and, for a century, was the foremost global power. By 1913, the British Empire held sway over 412 million people, of the world population at the time, and by 1920, it covered , of the Earth's total land area. As a result, its constitutional, legal, linguistic, and cultural legacy is widespread. At the peak of its power, it was described as " the empire on which the sun never sets", as the sun was always shining on at least one of its territories. During the Age of Discovery in the 15th and 16th centuries, Portugal and Spain ...
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Maria Theresa Thaler
The Maria Theresa thaler (MTT) is a silver bullion coin and a type of Conventionsthaler that has been used in world trade continuously since it was first minted in 1741. It is named after Maria Theresa who ruled Austria, Hungary, Croatia and Bohemia from 1740 to 1780 and is depicted on the coin. History In 1741, the first MTT was struck according to the standard with of a Cologne mark of fine silver, or 25.98 grams. In 1750 a new thaler was struck with a gross weight of of 1 Vienna mark of silver, fine (with a fine silver content of 23.39 grams, or of a Cologne mark). In 1751 this new standard was effectively adopted across the German-speaking world when it was accepted formally in the Bavarian monetary convention. This new, post-1751 thaler has continued as a trade coin ever since. Since the death of Maria Theresa in 1780, the coin has always been dated 1780. On 19 September 1857, Emperor Francis Joseph of Austria declared the Maria Theresa thaler to be an official t ...
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Ethiopia
Ethiopia, officially the Federal Democratic Republic of Ethiopia, is a landlocked country located in the Horn of Africa region of East Africa. It shares borders with Eritrea to the north, Djibouti to the northeast, Somalia to the east, Kenya to the south, South Sudan to the west, and Sudan to the northwest. Ethiopia covers a land area of . , it has around 128 million inhabitants, making it the List of countries and dependencies by population, thirteenth-most populous country in the world, the List of African countries by population, second-most populous in Africa after Nigeria, and the most populous landlocked country on Earth. The national capital and largest city, Addis Ababa, lies several kilometres west of the East African Rift that splits the country into the African Plate, African and Somali Plate, Somali tectonic plates. Early modern human, Anatomically modern humans emerged from modern-day Ethiopia and set out for the Near East and elsewhere in the Middle Paleolithi ...
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Eritrea
Eritrea, officially the State of Eritrea, is a country in the Horn of Africa region of East Africa, with its capital and largest city being Asmara. It is bordered by Ethiopia in the Eritrea–Ethiopia border, south, Sudan in the west, and Djibouti in the southeast. The northeastern and eastern parts of Eritrea have an extensive coastline along the Red Sea. The nation has a total area of approximately , and includes the Dahlak Archipelago and several of the Hanish Islands. Hominid remains found in Eritrea have been dated to 1 million years old and anthropological research indicates that the area may contain significant records related to the evolution of humans. The Kingdom of Aksum, covering much of modern-day Eritrea and Tigray Region, northern Ethiopia, was established during the first or second century AD.Henze, Paul B. (2005) ''Layers of Time: A History of Ethiopia'', . It adopted Eritrean Orthodox Church, Christianity around the middle of the fourth century. Beginning in ...
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Peter Symes
Peter J. Symes (born 1957) is an Australian researcher into paper money. He is the author of many articles published in the ''International Bank Note Society Journal'' and of several books. From mid 2004 to mid 2006 and from mid 2008 to mid 2012 he was the president of the International Bank Note Society Notaphily is the study and collection of paper money, currency, and banknotes. A notaphilist is a collector of banknotes or paper money, particularly as a hobby. History It is believed that people have been collecting paper money for as long as .... (IBNS). From mid 2006 to mid 2008 and from mid 2012 to mid 2016 he was the immediate past president of the IBNS, which role mainly involves advising the current president. Books *1998: ''The Bank Notes of Katanga''. 85 pp.; illus. (b & w) Canberra: published by the author *1997: ''The Bank Notes of Yemen''. 180 pp.; illus. (b & w) Canberra: published by the authors (with Murray Hanewich & Keith Street). *1999: ''Kirkwood ...
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Inflation
In economics, inflation is an increase in the average price of goods and services in terms of money. This increase is measured using a price index, typically a consumer price index (CPI). When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. The opposite of CPI inflation is deflation, a decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the annualized percentage change in a general price index. Changes in inflation are widely attributed to fluctuations in Real versus nominal value (economics), real demand for goods and services (also known as demand shocks, including changes in fiscal policy, fiscal or monetary policy), changes in available supplies such as during energy crisis, energy crises (also known as supply shocks), or changes in inflation expectations, which may be self-fulfilling. Moderat ...
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Italy
Italy, officially the Italian Republic, is a country in Southern Europe, Southern and Western Europe, Western Europe. It consists of Italian Peninsula, a peninsula that extends into the Mediterranean Sea, with the Alps on its northern land border, as well as List of islands of Italy, nearly 800 islands, notably Sicily and Sardinia. Italy shares land borders with France to the west; Switzerland and Austria to the north; Slovenia to the east; and the two enclaves of Vatican City and San Marino. It is the List of European countries by area, tenth-largest country in Europe by area, covering , and the third-most populous member state of the European Union, with nearly 59 million inhabitants. Italy's capital and List of cities in Italy, largest city is Rome; other major cities include Milan, Naples, Turin, Palermo, Bologna, Florence, Genoa, and Venice. The history of Italy goes back to numerous List of ancient peoples of Italy, Italic peoples—notably including the ancient Romans, ...
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