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Lebanese Pound
The lira or pound is the currency of Lebanon. It was formerly divided into 100 piastres (or ''qirsh'' in Arabic) but, because of high inflation during the Lebanese Civil War (1975–1990), subunits were discontinued. The plural of lira is either ''lirat'' ( ) or invariant, whilst there are four forms for ''qirsh'': the dual ''qirshān'' () used with number 2, the plural ''qurush'' () used with numbers 3–10, the accusative singular ''qirshan'' (قرشًا) used with 11–99, and the genitive singular ''qirsh'' (قرش) used with multiples of 100. The number determines which plural form is used. All of Lebanon's coins and banknotes are bilingual in Arabic and French. From December 1997 through January 2023, the exchange rate was fixed at LL 1,507.50 per US dollar. However, since the 2020 economic crisis in Lebanon, exchange at this rate was generally unavailable, and an informal currency market developed with much higher exchange rates. On 1 February 2023, the Centr ...
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Piastre
The piastre or piaster () is any of a number of units of currency. The term originates from the Italian for "thin metal plate". The name was applied to Spanish and Hispanic American pieces of eight, or pesos, by Venetian traders in the Levant in the 16th century. These pesos, minted continually for centuries, were readily accepted by traders in many parts of the world. After the countries of Latin America had gained independence, pesos of Mexico began flowing in through the trade routes, and became prolific in the Far East, taking the place of the Spanish pieces of eight which had been introduced by the Spanish at Manila, and by the Portuguese at Malacca. When the French colonised Indochina, they began issuing the new French Indochinese piastre (''piastre de commerce''), which was equal in value to the familiar Spanish and Mexican pesos. In the Ottoman Empire, the word ''piastre'' was a colloquial European name of Kuruş. Successive currency reforms by debasing the Ot ...
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Currency Peg
A fixed exchange rate, often called a pegged exchange rate, is a type of exchange rate regime in which a currency's value is fixed or pegged by a monetary authority against the value of another currency, a basket of other currencies, or another measure of value, such as gold or silver. There are benefits and risks to using a fixed exchange rate system. A fixed exchange rate is typically used to stabilize the exchange rate of a currency by directly fixing its value in a predetermined ratio to a different, more stable, or more internationally prevalent currency (or currencies) to which the currency is pegged. In doing so, the exchange rate between the currency and its peg does not change based on market conditions, unlike in a floating (flexible) exchange regime. This makes trade and investments between the two currency areas easier and more predictable and is especially useful for small economies that borrow primarily in foreign currency and in which external trade forms a large ...
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Christopher Mayhew
Christopher Paget Mayhew, Baron Mayhew (12 June 1915 – 7 January 1997) was a British politician who was a Labour Member of Parliament (MP) from 1945 to 1950 and from 1951 to 1974, when he left the Labour Party to join the Liberals. In 1981 Mayhew received a life peerage and was raised to the House of Lords as Baron Mayhew. He is most known for his central role in founding the Information Research Department (IRD), a secret wing of the Foreign Office dedicated to Cold War propaganda. Early life Christopher Paget Mayhew was born in London, the son of Sir Basil Mayhew of Felthorpe Hall, Norwich. He attended Haileybury and Christ Church, Oxford, as an exhibitioner. In 1934 he holidayed in Moscow. While he was at Oxford, he became President of the Oxford Union. He was commissioned into the Intelligence Corps in 1940, rising to the rank of Major. Political career Mayhew was elected to Parliament for the constituency of South Norfolk in the general election of 1945. In 1945 ...
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Middle East International
''Middle East International'' was a bimonthly magazine published in London from 1971 until 2005, reaching a total of 761 issues. It was established by Christopher Mayhew and a group of senior British politicians and diplomats. The original publisher was Claud Morris, a newspaper magnate, who withdrew after a boycott by advertisers and an arson attack on his printing works. Mayhew was to remain the director until his death in 1997. It has been described as having been "one of the best-informed journals of current Middle East affairs". Its aim was to "provide intelligent, authoritative, and independent news and analysis on the Middle East". Origins In 1969 the Lebanese Ambassador to London, Nadim Dimechkie, invited recently retired Ambassador to Egypt, Harold Beeley, to a meal with Christopher Mayhew.Middle East International No 543, 7 February 1997; Harold Beeley p.3 In the discussion over how to present the Arab point of view in Britain, Mayhew put forward a proposal for the cre ...
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Pound Sterling
Sterling (symbol: £; currency code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound is the main unit of sterling, and the word '' 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 calculate the value of IMF special drawing rights. As of late 2022, sterling is also the fourth most-held reserve currency in global reserves. The Bank of England is the central bank for sterling, issuing its own banknotes and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Sterling banknotes issu ...
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Nazi Germany
Nazi Germany, officially known as the German Reich and later the Greater German Reich, was the German Reich, German state between 1933 and 1945, when Adolf Hitler and the Nazi Party controlled the country, transforming it into a Totalitarianism, totalitarian dictatorship. The Third Reich, meaning "Third Realm" or "Third Empire", referred to the Nazi claim that Nazi Germany was the successor to the earlier Holy Roman Empire (800–1806) and German Empire (1871–1918). The Third Reich, which the Nazis referred to as the Thousand-Year Reich, ended in May 1945, after 12 years, when the Allies of World War II, Allies defeated Germany and entered the capital, Berlin, End of World War II in Europe, ending World War II in Europe. After Hitler was appointed Chancellor of Germany in 1933, the Nazi Party began to eliminate political opposition and consolidate power. A 1934 German referendum confirmed Hitler as sole ''Führer'' (leader). Power was centralised in Hitler's person, an ...
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French Franc
The franc (; , ; currency sign, sign: F or Fr), also commonly distinguished as the (FF), was a currency of France. Between 1360 and 1641, it was the name of coins worth 1 livre tournois and it remained in common parlance as a term for this amount of money. It was reintroduced (in French livre, decimal form) in 1795. After two centuries of inflation, it was Redenomination, redenominated in 1960, with each (NF) being worth 100 old francs. The NF designation was continued for a few years before the currency returned to being simply the franc. Many French residents, though, continued to quote prices of especially expensive items in terms of the old franc (equivalent to the new centime), up to and even after the introduction of the euro (for coins and banknotes) in 2002. The French franc was a commonly held international reserve currency of reference in the 19th and 20th centuries. Between 1998 and 2002, the conversion of francs to euros was carried out at a rate of 6.55957 franc ...
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Syrian Pound
The Syrian pound or lira (; abbreviation: LS or SP in Latin alphabet, Latin, ل.س in Arabic script, Arabic, historically also Pound sign, £S, and £Syr; ISO 4217, ISO code: SYP) is the currency of Syria. It is issued by the Central Bank of Syria. The pound is nominally divided into 100 piastres ( ''qirsh,'' plural قروش ''qurūsh'' in Arabic language, Arabic, abbreviated to ), although piastre coins are no longer issued. Before 1947, the Arabic inscription of the word "qirsh" was spelled with the initial Arabic letter غ, after which the word began with ق. Until 1958, banknotes were issued with Arabic on the obverse and French on the reverse. Since 1958, English has been used on the reverses, hence the three different names for this currency. Coins used both Arabic and French until independence, then only Arabic. History French mandate During the period when Syria was a part of the Ottoman Empire, which lasted about 400 years, the Ottoman lira, Ottoman pound was i ...
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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 ...
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Syria
Syria, officially the Syrian Arab Republic, is a country in West Asia located in the Eastern Mediterranean and the Levant. It borders the Mediterranean Sea to the west, Turkey to Syria–Turkey border, the north, Iraq to Iraq–Syria border, the east and southeast, Jordan to Jordan–Syria border, the south, and Israel and Lebanon to Lebanon–Syria border, the southwest. It is a republic under Syrian transitional government, a transitional government and comprises Governorates of Syria, 14 governorates. Damascus is the capital and largest city. With a population of 25 million across an area of , it is the List of countries and dependencies by population, 57th-most populous and List of countries and dependencies by area, 87th-largest country. The name "Syria" historically referred to a Syria (region), wider region. The modern state encompasses the sites of several ancient kingdoms and empires, including the Eblan civilization. Damascus was the seat of the Umayyad Caliphate and ...
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Egyptian Pound
The Egyptian pound ( ; abbreviations: £, E£, £E, LE, or EGP in Latin alphabet, Latin, and in Arabic script, Arabic, ISO 4217, ISO code: EGP) is the official currency of Egypt. It is divided into 100 piastres, (or qirsh, ; ''plural'' ; abbreviation: PT, short for "piastre tarif")) and was historically divided into 1,000 milliemes (  ; , abbreviated to ''m'' or ''mill''). Since July 6, 2022, the 10- and 20-pound notes have been made out of polymer plastic paper. History At the beginning of the 19th century, Ottoman Egypt, Egypt and Ottoman Empire, Turkey shared a common currency, the Ottoman piastre, divided into 40 Para (currency), paras. However, under Muhammad Ali of Egypt, Muhammad Ali, Egypt started to issue its own coinage, and in 1834, , a decree was issued, adopting an exclusively Egyptian monetary system whereby Egypt went into a silver and gold bimetallic standard based on the Maria Theresa thaler rated at 20 piastres. The Maria Theresa thaler was a popular ...
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Ottoman Lira
The pound or lira (sign: LT; ; ; ; ; ) was the currency of the Ottoman Empire from 1844 until 1927, when it was replaced by the Turkish lira. Although the Ottoman Empire was abolished in 1922, the Ottoman lira remained in circulation until the end of 1927, as the Republic of Turkey that succeeded it was not in a position to issue its own banknotes yet in its early years. The Ottoman lira replaced the () as the principal unit of currency in the Ottoman Empire, with the continuing to circulate as a subdivision of the lira, with 100 = 1 lira. The para also continued to be used, with 40 para = 1 . Until the 1930s and the Turkish alphabet reform, the Arabic script was used on Turkish coins and banknotes, with for para, for and for lira ( for 'Turkish lira'). In European languages, the was known as the , whilst the lira was known as the in French and the ''pound'' in English. English-language publications used "£T" as the sign for the currency, but it is unknown whether i ...
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