Eritrean Nakfa
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Eritrean Nakfa
The nakfa ( ISO 4217 code: ''ERN''; ''naḳfa'', or or نقفة ''nākfā'') is the currency of Eritrea and was introduced on 15 November 1998 to replace the Ethiopian birr at par. The currency takes its name from the Eritrean town of Nakfa, site of the first major victory of the Eritrean War of Independence. The nakfa is divided into 100 cents. The nakfa is pegged to the US dollar at a fixed rate of US$1 = ERN 15. At earlier times, it was officially pegged at US$1 = ERN 13.50. The currency is not fully convertible, so black market rates available on the streets typically offered a rate of 15 nakfas per dollar. Between 18 November and 31 December 2015, the Bank of Eritrea began replacement of all nakfa banknotes. The banknote replacement initiative was designed to combat counterfeiting, the informal economy but primarily Sudanese human traffickers who had accepted payments in nakfa banknotes in exchange for transporting would-be migrants primarily to Europe. A consequenc ...
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United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ...
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European Migrant Crisis
The 2015 European migrant crisis, also known internationally as the Syrian refugee crisis, was a period of significantly increased movement of refugees and migrants into Europe in 2015, when 1.3 million people came to the continent to request asylum, the most in a single year since World War II. Those requesting asylum in Europe in 2015 were mostly Syrians, but also included significant numbers of Afghans, Nigerians, Pakistanis, Iraqis and Eritreans, as well as economic migrants from the Balkans. Europe had already begun registering increased numbers of refugee arrivals in 2010 due to a confluence of conflicts in parts of the Middle East, Asia and Africa, particularly the wars in Syria, Iraq and Afghanistan, but also terrorist insurgencies in Nigeria and Pakistan, and long-running human rights abuses in Eritrea, all contributing to refugee flows. Many millions initially sought refuge in comparatively stable countries near their origin, but while these countries were largely ...
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Massawa
Massawa ( ; ti, ምጽዋዕ, məṣṣəwaʿ; gez, ምጽዋ; ar, مصوع; it, Massaua; pt, Maçuá) is a port city in the Northern Red Sea region of Eritrea, located on the Red Sea at the northern end of the Gulf of Zula beside the Dahlak Archipelago.Matt Phillips, Jean-Bernard Carillet, ''Lonely Planet Ethiopia and Eritrea'', (Lonely Planet: 2006), p.340. It has been a historically important port for many centuries. Massawa was the capital of the Italian Colony of Eritrea until the seat of the colonial government was moved to Asmara in 1897. Massawa has an average temperature of nearly , which is one of the highest experienced in the world, and is "one of the hottest marine coastal areas in the world." History Massawa was originally a small seaside village, lying in lands coextensive with the Kingdom of Axum—also known as Kingdom of Zula in antiquity—and overshadowed by the nearby port of Adulis about to the south. Massawa has been ruled or occupied by a successi ...
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Ficus Sycomorus
''Ficus sycomorus'', called the sycamore fig or the fig-mulberry (because the leaves resemble those of the mulberry), sycamore, or sycomore, is a fig species that has been cultivated since ancient times. The term ''sycamore'' spelled with an A has also been used for unrelated trees: the great maple, ''Acer pseudoplatanus'', or plane trees, ''Platanus''. The spelling "sycomore", with an O rather than an A as the second vowel is, if used, specific to ''Ficus sycomorus''. Distribution ''Ficus sycomorus'' is native to Africa south of the Sahel and north of the Tropic of Capricorn, also excluding the central-west rainforest areas. It also grows naturally in Lebanon; in the southern Arabian Peninsula; in Cyprus; in very localised areas in Madagascar; and in Israel, Palestine and Egypt. In its native habitat, the tree is usually found in rich soils along rivers and in mixed woodlands. Description ''Ficus sycomorus'' grows to 20 m tall and has a considerable spread, with a dense roun ...
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Banknotes
A banknote—also called a bill (North American English), paper money, or simply a note—is a type of negotiable instrument, negotiable promissory note, made by a bank or other licensed authority, 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. National banknotes are often – but not always – legal tender, meaning that courts of law are required to recognize them as satisfactory payment of money debts. Historically, banks sought to ensure that they could always pay customers in coins when they presented banknotes for payment. This p ...
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2006 Eritrea Five Nakfa Tree
6 (six) is the natural number following 5 and preceding 7. It is a composite number and the smallest perfect number. In mathematics Six is the smallest positive integer which is neither a square number nor a prime number; it is the second smallest composite number, behind 4; its proper divisors are , and . Since 6 equals the sum of its proper divisors, it is a perfect number; 6 is the smallest of the perfect numbers. It is also the smallest Granville number, or \mathcal-perfect number. As a perfect number: *6 is related to the Mersenne prime 3, since . (The next perfect number is 28.) *6 is the only even perfect number that is not the sum of successive odd cubes. *6 is the root of the 6-aliquot tree, and is itself the aliquot sum of only one other number; the square number, . Six is the only number that is both the sum and the product of three consecutive positive numbers. Unrelated to 6's being a perfect number, a Golomb ruler of length 6 is a "perfect ruler". Six is a con ...
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Bureau Of Engraving And Printing
The Bureau of Engraving and Printing (BEP) is a government agency within the United States Department of the Treasury that designs and produces a variety of security products for the United States government, most notable of which is Federal Reserve Notes (paper money) for the Federal Reserve, the nation's central bank. In addition to paper currency, the BEP produces Treasury securities; military commissions and award certificates; invitations and admission cards; and many different types of identification cards, forms, and other special security documents for a variety of government agencies. The BEP does not produce coins; all coinage is produced by the United States Mint. With production facilities in Washington, D.C., and Fort Worth, Texas, the Bureau of Engraving and Printing is the largest producer of government security documents in the United States. History The Bureau of Engraving and Printing has its origins in legislation enacted to help fund the Civil War. In J ...
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Reeding
Reeding is a technique wherein a number of narrow ridges called "reeds" are carved or milled into a surface. __NOTOC__ Numismatics In numismatics, reeded edges are often referred to as "ridged" or "grooved" (American usage), or "milled" (British usage). Some coins, such as Quarter (United States coin), United States quarters and Dime (United States coin), dimes, 1 euro coin, 1 euro, Coins of the Australian dollar, Australian 5, 10, 20 cents, 1 and 2 dollars, as well many other current coins, have reeded edges. One reason for having reeded edges was to prevent counterfeiting. Some gold and silver coins were reeded to discourage Methods of coin debasement#Coin clipping, clipping, i.e. scraping off the precious metals from the edge of the coin, to maintain its stated value in precious metal. This practice was made more difficult through the implementation of reeding by Isaac Newton in 1698, during his time as Warden of the Mint, warden of the Royal Mint. Another benefit of certain ...
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Coin
A coin is a small, flat (usually depending on the country or value), round piece of metal or plastic used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order to facilitate trade. They are most often issued by a government. Coins often have images, numerals, or text on them. ''Obverse'' and its opposite, ''reverse'', refer to the two flat faces of coins and medals. In this usage, ''obverse'' means the front face of the object and ''reverse'' means the back face. The obverse of a coin is commonly called ''heads'', because it often depicts the head of a prominent person, and the reverse ''tails''. Coins are usually made of metal or an alloy, or sometimes of man-made materials. They are usually disc shaped. Coins, made of valuable metal, are stored in large quantities as bullion coins. Other coins are used as money in everyday transactions, circulating alongside banknotes. Usually the highest va ...
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Steel
Steel is an alloy made up of iron with added carbon to improve its strength and fracture resistance compared to other forms of iron. Many other elements may be present or added. Stainless steels that are corrosion- and oxidation-resistant typically need an additional 11% chromium. Because of its high tensile strength and low cost, steel is used in buildings, infrastructure, tools, ships, trains, cars, machines, electrical appliances, weapons, and rockets. Iron is the base metal of steel. Depending on the temperature, it can take two crystalline forms (allotropic forms): body-centred cubic and face-centred cubic. The interaction of the allotropes of iron with the alloying elements, primarily carbon, gives steel and cast iron their range of unique properties. In pure iron, the crystal structure has relatively little resistance to the iron atoms slipping past one another, and so pure iron is quite ductile, or soft and easily formed. In steel, small amounts of carbon, other ...
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Nickel
Nickel is a chemical element with symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel is a hard and ductile transition metal. Pure nickel is chemically reactive but large pieces are slow to react with air under standard conditions because a passivation layer of nickel oxide forms on the surface that prevents further corrosion. Even so, pure native nickel is found in Earth's crust only in tiny amounts, usually in ultramafic rocks, and in the interiors of larger nickel–iron meteorites that were not exposed to oxygen when outside Earth's atmosphere. Meteoric nickel is found in combination with iron, a reflection of the origin of those elements as major end products of supernova nucleosynthesis. An iron–nickel mixture is thought to compose Earth's outer and inner cores. Use of nickel (as natural meteoric nickel–iron alloy) has been traced as far back as 3500 BCE. Nickel was first isolated and classified as an e ...
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