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Cash Rounding
Cash rounding or Swedish rounding (New Zealand English) occurs when the minimum unit of account is smaller than the lowest physical denomination of currency. The amount payable for a cash transaction is rounded to the nearest multiple of the minimum currency unit available, whereas transactions paid in other ways are not rounded (for example electronic funds transfer like credit cards, or negotiable instruments like cheques). Cash rounding typically occurs when low-denomination coins are removed from circulation owing to inflation. Cash rounding may be a compulsory legal requirement if such coins are no longer legal tender, or a voluntary practice where they remain in circulation but are scarce or impractical. Cash rounding ("öre rounding", ) was introduced in Sweden in 1972 when 1 and 2 öre coins were withdrawn from circulation, and has continued to be applied at incremental levels as smaller denomination coins have been withdrawn. The current level of cash rounding in Sweden ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ireland Cash Rounding Wobbler
Ireland ( ; ga, Éire ; Ulster-Scots: ) is an island in the North Atlantic Ocean, in north-western Europe. It is separated from Great Britain to its east by the North Channel, the Irish Sea, and St George's Channel. Ireland is the second-largest island of the British Isles, the third-largest in Europe, and the twentieth-largest on Earth. Geopolitically, Ireland is divided between the Republic of Ireland (officially named Ireland), which covers five-sixths of the island, and Northern Ireland, which is part of the United Kingdom. As of 2022, the population of the entire island is just over 7 million, with 5.1 million living in the Republic of Ireland and 1.9 million in Northern Ireland, ranking it the second-most populous island in Europe after Great Britain.The 2022 population of the Republic of Ireland was 5,123,536 and that of Northern Ireland in 2021 was 1,903,100. These are Census data from the official governmental statistics agencies in the respective juri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swedish Krona
The krona (; plural: ''kronor''; sign: kr; code: SEK) is the official currency of the Kingdom of Sweden. Both the ISO code "SEK" and currency sign "kr" are in common use; the former precedes or follows the value, the latter usually follows it but, especially in the past, it sometimes preceded the value. In English, the currency is sometimes referred to as the Swedish crown, as means "crown" in Swedish. The Swedish krona was the ninth-most traded currency in the world by value in April 2016. One krona is subdivided into 100 ''öre'' (singular; plural ''öre'' or ''ören'', where the former is always used after a cardinal number, hence "50 öre", but otherwise the latter is often preferred in contemporary speech). However, all öre coins were discontinued from 30 September 2010. Goods can still be priced in ''öre'', but all sums are rounded to the nearest krona when paying with cash. The word ''öre'' is ultimately derived from the Latin word for gold (''aurum''). History ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jiao (currency)
A jiao (; ), or mao () (Cantonese: hou []), is a unit of currency used in Greater China, including the People's Republic of China (Mainland China), the Republic of China (Taiwan), Hong Kong and Macao. One jiao is equal to of a yuan or 10 fēn (分). * The Renminbi has coins of 1, 2 and 5 jiao. * The New Taiwan dollar has coins of 5 jiao (rarely used). * The Hong Kong dollar has coins of 1, 2 and 5 hou (known as 10, 20 and 50 cents). * The Macanese pataca has coins of 1, 2 and 5 hou (known as 10, 20 and 50 avos). Gallery See also * Fen (currency) * Chinese yuan The renminbi (; symbol: ¥; ISO code: CNY; abbreviation: RMB) is the official currency of the People's Republic of China and one of the world's most traded currencies, ranking as the fifth most traded currency in the world as of April 202 ... References Currencies of China {{taiwan-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and borders fourteen countries by land, the most of any country in the world, tied with Russia. Covering an area of approximately , it is the world's third largest country by total land area. The country consists of 22 provinces, five autonomous regions, four municipalities, and two Special Administrative Regions (Hong Kong and Macau). The national capital is Beijing, and the most populous city and financial center is Shanghai. Modern Chinese trace their origins to a cradle of civilization in the fertile basin of the Yellow River in the North China Plain. The semi-legendary Xia dynasty in the 21st century BCE and the well-attested Shang and Zhou dynasties developed a bureaucratic political system to serve hereditary monarchies, or dyna ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chinese Swedish Rounding
Chinese can refer to: * Something related to China * Chinese people, people of Chinese nationality, citizenship, and/or ethnicity **''Zhonghua minzu'', the supra-ethnic concept of the Chinese nation ** List of ethnic groups in China, people of various ethnicities in contemporary China ** Han Chinese, the largest ethnic group in the world and the majority ethnic group in Mainland China, Hong Kong, Macau, Taiwan, and Singapore ** Ethnic minorities in China, people of non-Han Chinese ethnicities in modern China ** Ethnic groups in Chinese history, people of various ethnicities in historical China ** Nationals of the People's Republic of China ** Nationals of the Republic of China ** Overseas Chinese, Chinese people residing outside the territories of Mainland China, Hong Kong, Macau, and Taiwan * Sinitic languages, the major branch of the Sino-Tibetan language family ** Chinese language, a group of related languages spoken predominantly in China, sharing a written script (Chinese c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Independent
''The Independent'' is a British online newspaper. It was established in 1986 as a national morning printed paper. Nicknamed the ''Indy'', it began as a broadsheet and changed to tabloid format in 2003. The last printed edition was published on Saturday 26 March 2016, leaving only the online edition. The newspaper was controlled by Tony O'Reilly's Irish Independent News & Media from 1997 until it was sold to the Russian oligarch and former KGB Officer Alexander Lebedev in 2010. In 2017, Sultan Muhammad Abuljadayel bought a 30% stake in it. The daily edition was named National Newspaper of the Year at the 2004 British Press Awards. The website and mobile app had a combined monthly reach of 19,826,000 in 2021. History 1986 to 1990 Launched in 1986, the first issue of ''The Independent'' was published on 7 October in broadsheet format.Dennis Griffiths (ed.) ''The Encyclopedia of the British Press, 1422–1992'', London & Basingstoke: Macmillan, 1992, p. 330 It was produc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Woerden
Woerden () is a city and a municipality in central Netherlands. Due to its central location between Amsterdam, Rotterdam, The Hague, and Utrecht, and the fact that it has rail and road connections to those cities, it is a popular town for commuters who work in those cities. History The river Oude Rijn used to flow through the city center of Woerden, but in 1960 the old river was diverted around the city center. The city has a long and rich history in cheese making and trading; for years Gouda cheese for domestic and international use has been produced in this region. Woerden still holds its authentic (since 1885) cheese market at the market place in its center. Roman castellum Woerden is situated on the river Oude Rijn, near the confluence with the former stream. The lower stretch of the Linschoten stream from Montfoort and Linschoten to Woerden silted up a long time ago and its flow was diverted through the Lek and Hollandse IJssel rivers, but at one time it was an im ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Istituto Poligrafico E Zecca Dello Stato
The Italian Istituto Poligrafico e Zecca dello Stato (IPZS) (State Mint and Polygraphic Institute), founded in 1928, is situated at the via Salaria 691 in Rome. As well as producing coins, passports, and postage stamps for Italy, it serves the micro-states of the Vatican City, San Marino, and the Sovereign Military Order of Malta. It also publishes books under the imprint Libreria dello Stato. The O.C.V. (''Officina Carte Valori'') and traditional productions factory, the multimedial production institute and the Mint are also located in the capital. Other factories are located in Verrès, Val d'Aosta, and Foggia, Apulia. Banknotes are produced by the Bank of Italy. In 2002, IPZS became a public limited company (''società per azioni'' or SpA) with the Italian Ministry of Economy and Finance (''Ministero dell'Economia e delle Finanze'') as sole shareholder. History On 27 December 1911, the Italian mint was officially inaugurated by king Victor Emmanuel III in the seat located i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wexford
Wexford () is the county town of County Wexford, Ireland. Wexford lies on the south side of Wexford Harbour, the estuary of the River Slaney near the southeastern corner of the island of Ireland. The town is linked to Dublin by the M11/N11 National Primary Route; and to Rosslare Europort, Cork and Waterford by the N25. The national rail network connects it to Dublin and Rosslare Europort. It had a population of 20,188 according to the 2016 census. History The town was founded by the Vikings in about 800 AD. They named it ''Veisafjǫrðr'', meaning "inlet of the mudflats", and the name has changed only slightly into its present form. According to a story recorded in the ''Dindsenchas'', the name "Loch Garman" comes from a man named '' Garman mac Bomma Licce'' who was chased to the river mouth and drowned as a consequence of stealing the queen's crown from Temair during the feast of Samhain. For about three hundred years it was a Viking town, a city-state, largely independ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euro
The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . The euro is divided into 100 cents. The currency is also used officially by the institutions of the European Union, by four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. Additionally, over 200 million people worldwide use currencies pegged to the euro. As of 2013, the euro is the second-largest reserve currency as well as the second-most traded currency in the world after the United States dollar. , with more than €1.3 trillion in circulation, the euro has one of the highest combined values of banknotes and coins in c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Croatian Kuna
The kuna is the currency of Croatia, in use since 1994 (sign: kn; code: HRK). It is subdivided into 100 lipa. The kuna is issued by the Croatian National Bank and the coins are minted by the Croatian Mint. The plural form of the word kuna in Croatian can be ''kuna'' or ''kune'' (e.g. ''2 kune'', ''10 kuna'') because of different number declension rules. 2022 will be the final year for the kuna as Croatia will replace it with the euro (€, EUR) on 1 January 2023. All Croatian bank accounts and credit cards will automatically be converted to euros and kuna cash may be exchanged for euros at no charge. The word ''kuna'' means " marten" in Croatian, referring to the historical use of marten pelts as units of value in medieval trading. The word ''lipa'' means " linden (lime) tree", a species that was traditionally planted around marketplaces in Croatia and other lands under Habsburg monarchy rule during the early modern period. History and etymology During Roman times, in the pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chronic Inflation
Chronic inflation is an economic phenomenon occurring when a country experiences high inflation for a prolonged period (several years or decades) due to continual increases in the money supply among other things. In countries with chronic inflation, inflation expectations become 'built-in', and it becomes extremely difficult to reduce the inflation rate because the process of reducing inflation by, for example, slowing down the growth rate of the money supply, will often lead to high unemployment until inflationary expectations have adjusted to the new situation. Chronic inflation is distinct from hyperinflation. Occurrence Even more so than hyperinflation, chronic inflation is a 20th-century phenomenon, being first observed by Felipe Pazos in 1972. High inflation can only be sustained with unbacked paper currencies over long periods, and before World War II unbacked paper currencies were rare except in countries affected by war – which often produced extremely high inflati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
