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Barter Rings
Barter rings ( Tagalog: ''panika'') are ring-shaped gold ingots used as currency in the Philippines until the 16th century. These barter rings are bigger than a doughnut in size and are made of nearly pure gold. Description The early Filipinos traded ''piloncitos'' along with barter rings. Barter rings varies in thickness with a dual purpose: round hollow circlets of gold used as earrings or anklets by ''kadatuan'' and high-ranking nobility, aside for money. They are also very similar to the first coins invented in the Kingdom of Lydia in present-day Turkey. Barter rings were circulated in the Philippines up to the 16th century. As the discovery of gold deposits were seen by the locals, the precious metal was mined and worked in the Philippines, evidenced by many Spanish accounts like one in 1586 that stated: See also * ''Piloncitos'' and Siamese '' photduang'' * History of Philippine money * Philippine peso, the currency of the modern Philippines. * Philippine real * List o ...
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Piloncitos Ang Gold Rings
Piloncitos (also known as bulawan, and as "granitos de oro" in very early records) are small "bead-like" pieces of gold which were used as currency during the Philippines' Archaic period and in the earliest years of the country's Spanish colonial period. These gold pieces have been excavated from sites throughout the Philippine archipelago: Mandaluyong, Bataan, the banks of the Pasig River, Batangas, and Marinduque in Luzon; Samar and Leyte in the Visayas; and in some areas in Mindanao. The term "Piloncitos" is a contemporary word, used by modern day antique collectors, who thought that the cone-shaped pieces looked like a pilon of sugar. Early historical descriptions of the term include the spanish "granitas de oro" (small grains of gold), or simply by whatever local language terms were used to mean "gold" in those times, such as "bulawan." Piloncitos are presumably an offshoot of silver coinage and may have evolved into the bullet or pod duang coinage of Sukhothai in Thailand ...
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Bullet Money
Bullet money or bullet coins, known in Thai as ' ( th, พดด้วง, also spelled ''pod duang'', etc.), were a type of coinage historically used in Siam (now Thailand) and its predecessor kingdoms. They were almost exclusively made of silver, in the form of a bar bent into a roundish shape, and stamped with certain marks. ''Photduang'' were issued according to the ''baht'' system of weights, known among Westerners as the ''tical'', which is the basis of the modern Thai currency. Their earliest common use is from the Sukhothai Kingdom (13th–15th centuries), and they were used by Ayutthaya and its successor kingdoms Thonburi and Rattanakosin up until 27 October 1904, when their use was discontinued in favour of flat coinage. Gallery File:Ramathibodi II era Pod Duang.jpg, King Ramathibodi II (1491-1529 CE) File:Maha Chakkraphat era Pod Duang.jpg, Maha Chakkraphat (1548-1569 CE) File:Maha Thammarachathirat era Pod Duang.jpg, Maha Thammarachathirat (1569-1590 CE) File:Nar ...
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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 * 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, a generic font family name for fixed-pitch serif and sans serif fonts (f ...
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Medieval Currencies
In the history of Europe, the Middle Ages or medieval period lasted approximately from the late 5th to the late 15th centuries, similar to the post-classical period of global history. It began with the fall of the Western Roman Empire and transitioned into the Renaissance and the Age of Discovery. The Middle Ages is the middle period of the three traditional divisions of Western history: classical antiquity, the medieval period, and the modern period. The medieval period is itself subdivided into the Early, High, and Late Middle Ages. Population decline, counterurbanisation, the collapse of centralized authority, invasions, and mass migrations of tribes, which had begun in late antiquity, continued into the Early Middle Ages. The large-scale movements of the Migration Period, including various Germanic peoples, formed new kingdoms in what remained of the Western Roman Empire. In the 7th century, North Africa and the Middle East—most recently part of the Eastern Roman ...
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Ancient Currencies
Ancient history is a time period from the beginning of writing and recorded human history to as far as late antiquity. The span of recorded history is roughly 5,000 years, beginning with the Sumerian cuneiform script. Ancient history covers all continents inhabited by humans in the period 3000 BCAD 500. The three-age system periodizes ancient history into the Stone Age, the Bronze Age, and the Iron Age, with recorded history generally considered to begin with the Bronze Age. The start and end of the three ages varies between world regions. In many regions the Bronze Age is generally considered to begin a few centuries prior to 3000 BC, while the end of the Iron Age varies from the early first millennium BC in some regions to the late first millennium AD in others. During the time period of ancient history, the world population was already exponentially increasing due to the Neolithic Revolution, which was in full progress. While in 10,000 BC, the world population stood at ...
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Cowrie
Cowrie or cowry () is the common name for a group of small to large sea snails, marine gastropod mollusks in the family Cypraeidae, the cowries. The term ''porcelain'' derives from the old Italian term for the cowrie shell (''porcellana'') due to their similar appearance. Shells of certain species have historically been used as currency in several parts of the world, as well as being used, in the past and present, very extensively in jewelry, and for other decorative and ceremonial purposes. The cowrie was the shell most widely used worldwide as shell money. It is most abundant in the Indian Ocean, and was collected in the Maldive Islands, in Sri Lanka, along the Indian Malabar coast, in Borneo and on other East Indian islands, in Maluku in the Pacific, and in various parts of the African coast from Ras Hafun to Mozambique. Cowrie shell money was important in the trade networks of Africa, South Asia, and East Asia. In the United States and Mexico, cowrie species inhabit the ...
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Barter
In trade, barter (derived from ''baretor'') is a system of exchange in which participants in a transaction directly exchange goods or services for other goods or services without using a medium of exchange, such as money. Economists distinguish barter from gift economies in many ways; barter, for example, features immediate reciprocal exchange, not one delayed in time. Barter usually takes place on a bilateral basis, but may be multilateral (if it is mediated through a trade exchange). In most developed countries, barter usually exists parallel to monetary systems only to a very limited extent. Market actors use barter as a replacement for money as the method of exchange in times of monetary crisis, such as when currency becomes unstable (such as hyperinflation or a deflationary spiral) or simply unavailable for conducting commerce. No ethnographic studies have shown that any present or past society has used barter without any other medium of exchange or measurement, and an ...
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List Of Historical Currencies
This is a list of historical currencies. Greece * Aeginian stater (gold) * Corinthian stater (silver) * Aurous * Athenian drachma (silver) *Stater (silver) *Tetradrachm (silver) *Drachma (silver) ** Alexandrian coinage ** Ptolemaic coinage **Seleucid coinage ** Bactrian coinage Ancient Lebanon *Tyrian shekel Ancient Lydia *Stater (electrum and silver) * Trite (coin) (electrum third of a stater) * Hekte (electrum sixth of a stater) **Lydian coin Ancient Persia *Daric (gold) *Sigloi (silver) ** Persian coinage ** Persis coinage **Parthian coinage **Sassanian coinage ** Elymais coinage Ancient Rome *Antoninianus *Argenteus (silver) * As (copper) *Aureus (gold) *Denarius (silver) *Dupondius (bronze) *Follis *Sestertius (bronze) *Solidus (gold) * Talent (silver, gold) *Tremissis (gold) **Roman currency **Roman Imperial currency **Roman Republican currency Ancient Europe *Potin *Stater *Gold coin *Silver coin *Écu *Florin Ancient Israel * Ma'ah (silver) *Prutah (bronze/copper) ** ...
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Philippine Real
The Philippine real was the currency of the Philippines during the Spanish Colonial Era. Brought over in large quantities by the Manila galleons, eight silver reales made up a silver peso or a dollar. 16 silver real were equal to one gold escudo. History Pre-Hispanic Period Trade among the early Filipinos and with traders from the neighboring islands was conducted through barter. The inconvenience of barter later led to the use of some objects as a medium of exchange. Gold, which was plentiful in many parts of the islands, invariably found its way into these objects that included the piloncitos, small bead-like gold bits considered by the local numismatists as the earliest coin of the ancient Filipinos, and gold barter rings. Spanish Colonial Period Spanish-American coins minted to the currency system of 8 reales = 1 peso were brought over by the Manila galleons between the 16th and 19th centuries. The first coins brought over were odd-shaped silver cobs called macuquinas or h ...
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Philippine Peso
The Philippine peso, also referred to by its Tagalog name ''piso'' (Philippine English: , , plural pesos; tl, piso ; sign: ₱; code: PHP), is the official currency of the Philippines. It is subdivided into 100 ''sentimo'', also called centavos. The Philippine peso sign is denoted by the symbol "₱", introduced under American rule in place of the original peso sign "$" used throughout Spanish America. Alternative symbols used are "PHP", "PhP", "Php", or just "P". The monetary policy of the Philippines is conducted by the Bangko Sentral ng Pilipinas (BSP), established on July 3, 1993, as its central bank. It produces the country's banknotes and coins at its Security Plant Complex, which is set to move to New Clark City in Capas, Tarlac."Overview of the BSP"
Bangko Sentral ng Pilipinas (BSP) Official Website. Retrieved on October 1, ...
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History Of Philippine Money
The history of Philippine money covers currency in use before the Hispanic era with gold Piloncitos and other commodities in circulation, as well as the adoption of the peso during the Hispanic era and afterwards. The Philippine peso is ultimately derived from the Spanish peso or pieces of eight brought over in large quantities by the Manila galleons of the 16th to 19th centuries. From the same Spanish peso or dollar is derived the various pesos of Latin America, the dollars of the US and Hong Kong, as well as the Chinese yuan and the Japanese yen. History Long before the Spaniards came to the Philippines in 1521, the Filipinos had established trade relations with neighboring lands like China, Java, Borneo, Thailand and other settlements. Barter was a system of trading commonly practiced throughout the world and adopted by the Philippines. The inconvenience of the barter system led to the adoption of a specific medium of exchange – the cowry shells. Cowries produced in gold, ...
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Siam
Thailand ( ), historically known as Siam () and officially the Kingdom of Thailand, is a country in Southeast Asia, located at the centre of the Mainland Southeast Asia, Indochinese Peninsula, spanning , with a population of almost 70 million. The country is Template:Borders of Thailand, bordered to the north by Myanmar and Laos, to the east by Laos and Cambodia, to the south by the Gulf of Thailand and Malaysia, and to the west by the Andaman Sea and the extremity of Myanmar. Thailand also shares maritime borders with Vietnam to the southeast, and Indonesia and India to the southwest. Bangkok is the nation's capital and largest city. Tai peoples migrated from southwestern China to mainland Southeast Asia from the 11th century. Greater India, Indianised kingdoms such as the Mon kingdoms, Mon, Khmer Empire and Monarchies of Malaysia, Malay states ruled the region, competing with Thai states such as the Kingdoms of Ngoenyang, Sukhothai Kingdom, Sukhothai, Lan Na and Ayuttha ...
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