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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] |
Banknote
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 Redemption value, 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 Commercial banknotes have primarily been replaced by national banknotes issued by central banks or monetary authority, monetary authorities.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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Piet Lieftinck
Pieter "Piet" Lieftinck (30 September 1902 – 9 July 1989) was a Dutch politician of the Christian Historical Union (CHU) party and later the Labour Party (PvdA) and economist. Lieftinck applied at the Utrecht University in June 1919 majoring in Law and Economics and obtaining Bachelor of Economics and Bachelor of Laws degrees in July 1922 and worked as a student researcher before graduating with a Master of Economics and Master of Laws degree's in October 1927. Lieftinck served in the Royal Netherlands Army as a lieutenant from November 1927 until November 1928. Lieftinck applied at the Columbia University in New York City in April 1929 for a postgraduate education and obtained a Master of Financial Economics degree in December 1930 and later returned to the Utrecht University where worked as a researcher and got a doctorate as a Doctor of Philosophy in Public economics on 10 December 1931. Lieftinck worked as civil servant for the Ministry of Labour, Commerce and Indus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agostinho Neto
António Agostinho Neto (17 September 1922 – 10 September 1979) was an Angolan Communism, communist politician and poet. He served as the first president of Angola from 1975 to 1979, having led the MPLA, Popular Movement for the Liberation of Angola (MPLA) in the Angolan War of Independence, war for independence (1961–1974). Until his death, he led the MPLA in the Angolan Civil War, civil war (1975–2002). Known also for his literary activities, he is considered Angola's preeminent poet. His birthday is celebrated as Heroes' Day, National Heroes' Day, a Public holidays in Angola, public holiday in Angola. Early life Neto was born at Ícolo e Bengo, in Bengo (province), Bengo Province, Portuguese West Africa, Angola, in 1922. Neto attended high school in the capital city, Luanda; his parents were both school teachers and Methodists; his father, also called Agostinho Neto, was a Methodist pastor. After secondary school he worked in the colonial health services, before going o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
José Eduardo Dos Santos
José Eduardo Van-Dúnem dos Santos (; 28 August 1942 – 8 July 2022) was an Angolan politician and military officer who served as the second president of Angola from 1979 to 2017. As president, dos Santos was also the commander-in-chief of the Angolan Armed Forces (FAA) and president of the MPLA, People's Movement for the Liberation of Angola (MPLA), the party that has ruled Angola since it won independence in 1975. By the time he stepped down in 2017, he was the second-longest-serving president in Africa, surpassed only by Teodoro Obiang Nguema Mbasogo of Equatorial Guinea. Dos Santos joined the MPLA, then an anti-colonial movement, while still in school, and earned degrees in petroleum engineering and radar communications while studying in the Soviet Union. Following the Angolan War of Independence, Angola was constituted in 1975 as a Marxist–Leninist one-party state led by the MPLA. Dos Santos held several positions, including Minister of Foreign Affairs in the government ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MPLA
The People's Movement for the Liberation of Angola (, abbr. MPLA), from 1977–1990 called the People's Movement for the Liberation of Angola – Labour Party (), is an Angolan social democratic political party. The MPLA fought against the Portuguese Army in the Angolan War of Independence from 1961 to 1974, and defeated the National Union for the Total Independence of Angola (UNITA) and the National Liberation Front of Angola (FNLA) in the Angolan Civil War. The party has ruled Angola since the country's independence from Portugal in 1975, being the ''de facto'' government throughout the civil war and continuing to rule afterwards. Formation The articulation for the founding of the MPLA took place, mainly, within two political organizations: the Party of the United Struggle for Africans in Angola (PLUAA), founded in 1953 by Viriato da Cruz and Matias Miguéis, which operated incipiently until 1954 due to a lack of mass mobilization, being overshadowed by other anti-colo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Huambo Province
Huambo is a Provinces of Angola, province of Angola. With an area of 34,270 km2, it is one of the geographically smaller provinces, situated in the Central Region approximately 450 km south east of the capital, Luanda. The province had a population of 2,019,555 according to the 2014 census, of which 48% are in urban areas. Terrain and climate The foundation of the Central Plateau is a vast slab of primeval crystalline rock that frequently outcrops in the form of isolated rocks or massive peaks. The most prominent peak in the province is Mount Moco, Mt. Môco in Londuimbali, with 2,620 metres. The peak is the highest point in Angola. The headwaters of the Kunene River rise on the Central Plateau near Huambo town. Much of the soil in Huambo Province is of poor quality, and has been impoverished in many areas by overuse and erosion. However, it is generally of better quality than in the adjoining regions to the east, north and south. Striking differences can be observed be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Angolan Kwanza
The kwanza (sign: Kz; ISO 4217 code: ) is the currency of Angola. Four different currencies using the name kwanza have circulated since 1977. The currency derives its name from the Kwanza River (which is also written as: Cuanza, Coanza, Quanza). Overview First kwanza, AOK, 1977–1990 The kwanza was introduced following Angolan independence. It replaced the escudo at par and was subdivided into 100 ''lwei''. Its ISO 4217 code was ''AOK''. Following a change in currency, a confiscation took place. Individuals could convert up to 200,000 escudos for kwanzas and corporations up to 1,500,000 escudos. This kwanza had a remarkably stable exchange rate of 29.918 kwanzas to the U.S. dollar for the entire period. Coins The first coins issued for the kwanza currency did not bear any date of issue, although all bore the date of independence, "11 de Novembro de 1975". They were in denominations of 50 lwei, 1, 2, 5 and 10 kwanzas. 20 kwanza coins were added in 1978. The last date to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Angolan Civil War
The Angolan Civil War () was a civil war in Angola, beginning in 1975 and continuing, with interludes, until 2002. The war began immediately after Angola became independent from Portugal in November 1975. It was a power struggle between two former anti-colonial guerrilla movements, the communist MPLA, People's Movement for the Liberation of Angola (MPLA) and the anti-communist UNITA, National Union for the Total Independence of Angola (UNITA). The MPLA and UNITA had different roots in Angolan society and mutually incompatible leaderships, despite their shared aim of ending colonial rule. A third movement, the National Front for the Liberation of Angola (FNLA), having fought the MPLA with UNITA during the Angolan War of Independence, played almost no role in the Civil War. Additionally, the Front for the Liberation of the Enclave of Cabinda (FLEC), an association of separatist militant groups, fought for the independence of the province of Cabinda (province), Cabinda from Angola. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London Underground
The London Underground (also known simply as the Underground or as the Tube) is a rapid transit system serving Greater London and some parts of the adjacent home counties of Buckinghamshire, Essex and Hertfordshire in England. The Underground has its origins in the Metropolitan Railway, opening on 10 January 1863 as the world's first underground passenger railway. The Metropolitan is now part of the Circle line (London Underground), Circle, District line, District, Hammersmith & City line, Hammersmith & City and Metropolitan lines. The first line to operate underground electric locomotive, electric traction trains, the City & South London Railway in 1890, is now part of the Northern line. The network has expanded to 11 lines with of track. However, the Underground does not cover most southern parts of Greater London; there are only 33 Underground stations south of the River Thames. The system's List of London Underground stations, 272 stations collectively accommodate up ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Decimal Day
Decimal Day () in the United Kingdom and in Republic of Ireland, Ireland was Monday 15 February 1971, the day on which each country decimalised its respective £sd currency of pound sterling, pounds, Shilling (British coin), shillings, and penny, pence. Before this date, both the British pound sterling and the Irish pound (symbol "£") were subdivided into 20 shillings, each of 12 (old) pence, a total of 240 pence. With decimalisation, the pound kept its old value and name in each currency, but the shilling was abolished, and the pound was divided into 100 new pence (abbreviated to "p"). In the UK, the new coins initially featured the word “new”, but in due course this was dropped. Each new penny was worth 2.4 old pence ("d.") in each currency. Coins of half a new penny were introduced halfpenny (British decimal coin) , in the UK and Halfpenny (Irish decimal coin), in Ireland to maintain the approximate granularity of the old penny, but these were dropped in the UK in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
