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Guyanese Dollar
The Guyanese dollar (currency sign: $, G$ and GY$; ISO: GYD) has been the unit of account in Guyana (formerly British Guiana) since 29 January 1839. Originally it was intended as a transitional unit to facilitate the changeover from the Dutch guilder system of currency to the British pound sterling system. The Spanish dollar was already prevalent throughout the West Indies in general, and from 1839, the Spanish dollar unit operated in British Guiana in conjunction with British sterling coins at a standard conversion rate of one dollar for every four shillings and twopence. In 1951 the British sterling coinage was replaced with a new decimal coinage which was simultaneously introduced through all the British territories in the Eastern Caribbean. When sterling began to depreciate in the early 1970s, a switch to a US dollar peg became increasingly attractive as an anti-inflationary measure and the Eastern Caribbean Currency Authority (of which Guyana was a member) made the switch in O ...
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Banknote
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 Commercial banknotes have primarily been replaced by national banknotes issued by central banks or monetary authority, monetary authorities.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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Essequibo (colony)
Essequibo ( nl, Kolonie Essequebo, ) was a colony and later county on the Essequibo River in the Guiana region on the north coast of South America. It was a colony of the Dutch West India Company between 1616 and 1792 and a colony of the Dutch state from 1792 until 1815. It was merged with Demerara in 1812 by the British who took control. It formally became a British colony in 1815 till Demerara-Essequibo was merged with Berbice to form the colony of British Guiana in 1831. In 1838, it became a county of British Guiana till 1958. In 1966, British Guiana gained independence as Guyana and in 1970 it became a republic as the Co-operative Republic of Guyana. It was located around the lower course of the Demerara River, and its main settlement was Georgetown. History Essequibo was founded by colonists from the first Zeelandic colony, Pomeroon conquered in 1581, which had been destroyed by Spaniards and local warriors around 1596. Led by Joost van der Hooge, the Zeelanders trave ...
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Cupronickel
Cupronickel or copper-nickel (CuNi) is an alloy of copper that contains nickel and strengthening elements, such as iron and manganese. The copper content typically varies from 60 to 90 percent. (Monel is a nickel-copper alloy that contains a minimum of 52 percent nickel.) Despite its high copper content, cupronickel is silver in colour. Cupronickel is highly resistant to corrosion by salt water, and is therefore used for piping, heat exchangers and condensers in seawater systems, as well as for marine hardware. It is sometimes used for the propellers, propeller shafts, and hulls of high-quality boats. Other uses include military equipment and chemical, petrochemical, and electrical industries. Another common 20th-century use of cupronickel was silver-coloured coins. For this use, the typical alloy has 3:1 copper to nickel ratio, with very small amounts of manganese. In the past, true silver coins were debased with cupronickel, such as coins of the pound sterling from 1947 onwar ...
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Nickel Silver
Nickel silver, Maillechort, German silver, Argentan, new silver, nickel brass, albata, alpacca, is a copper alloy with nickel and often zinc. The usual formulation is 60% copper, 20% nickel and 20% zinc. Nickel silver does not contain the element silver. It is named for its silvery appearance, which can make it attractive as a cheaper and more durable substitute. It is also well suited for being plated with silver. A naturally occurring ore composition in China was smelted into the alloy known as or () ("white copper" or cupronickel). The name "German Silver" refers to the artificial recreation of the natural ore composition by German metallurgists.Joseph Needham, Ling Wang, Gwei-Djen Lu, Tsuen-hsuin Tsien, Dieter Kuhn, Peter J Golas''Science and civilisation in China'' Cambridge University Press: 1974, , pp. 237–250 All modern, commercially important, nickel silvers (such as those standardized under ASTM B122) contain significant amounts of zinc and are sometimes considered ...
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Britannia
Britannia () is the national personification of Britain as a helmeted female warrior holding a trident and shield. An image first used in classical antiquity, the Latin ''Britannia'' was the name variously applied to the British Isles, Great Britain, and the Roman province of Britain during the Roman Empire. Typically depicted reclining or seated with spear and shield since appearing thus on Roman coins of the 2nd century AD, the classical national allegory was revived in the early modern period. On coins of the pound sterling issued by Charles II of England, Scotland, and Ireland, Britannia appears with her shield bearing the Union Flag. To symbolise the Royal Navy's victories, Britannia's spear became the characteristic trident in 1797, and a helmet was added to the coinage in 1825. By the 1st century BC, Britannia replaced Albion as the prevalent Latin name for the island of Great Britain. After the Roman conquest in 43 AD, ''Britannia'' also came to refer to the Roman ...
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Maundy Money
Royal Maundy is a religious service in the Church of England held on Maundy Thursday, the day before Good Friday. At the service, the British monarch or a royal official ceremonially distributes small silver coins known as "Maundy money" (legally, "the King's Maundy money") as symbolic alms to elderly recipients. The coins are technically legal tender, but typically do not circulate due to their silver content and numismatic value. A small sum of ordinary money is also given in lieu of gifts of clothing and food that the sovereign once bestowed on Maundy recipients. The name "Maundy" and the ceremony itself derive from an instruction, or , of Jesus Christ at the Last Supper that his followers should love one another. In the Middle Ages, English monarchs washed the feet of beggars in imitation of Jesus, and presented gifts and money to the poor. Over time, additional money was substituted for the clothing and other items that had once been distributed. Beginning in 1699 the mona ...
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British Guiana Guilder
The guilder was the currency of British Guiana (initially known as Essequibo and Demerara) between 1796 and 1839. History The Guianan guilder replaced the Dutch guilder at par after the colonies were captured by the British from the Dutch. The guilder was initially subdivided into 20 ''Stuivers'', in English stivers. Brazilian peças (6,400 réis gold coins), known locally as ''joes'', circulated at a value of 22 guilders. The exchange rate to the British pound was initially fixed at 1 pound = 12 guilders (1 guilder = 20 pence). In 1836, the guilder was reduced in value to 16 pence and, in 1839, the British pound and British Guiana dollar replaced the guilder as the currency of British Guiana, at the rates of £1 = 15 guilders and $1 = guilders (thus £1 = $4.8; $1 = 4 s 2 d, or 50d). Coins The first issue of coins from 1798 and 1799 were overstamps on Brazilian pecas. These were followed in 1808 by an issue which consisted of holed Spanish dollars, worth 3 guilders, and the ...
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British Pounds
Sterling (abbreviation: stg; Other spelling styles, such as STG and Stg, are also seen. ISO code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound ( sign: £) 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 that is still in use and that has been in continuous use since its inception. It is currently 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 Renminbi, it forms the basket of currencies which calculate the value of IMF special drawing rights. As of mid-2021, sterling is also the fourth most-held reserve currency in Foreign exchange reserves, global reserves. The Bank of England is the central bank for sterling, issuing it ...
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Penny
A penny is a coin ( pennies) or a unit of currency (pl. pence) in various countries. Borrowed from the Carolingian denarius (hence its former abbreviation d.), it is usually the smallest denomination within a currency system. Presently, it is the formal name of the British penny ( p) and the ''de facto'' name of the American one-cent coin (abbr. ¢) as well as the informal Irish designation of the 1 cent euro coin (abbr. c). It is the informal name of the cent unit of account in Canada, although one-cent coins are no longer minted there. The name is used in reference to various historical currencies, also derived from the Carolingian system, such as the French denier and the German pfennig. It may also be informally used to refer to any similar smallest-denomination coin, such as the euro cent or Chinese fen. The Carolingian penny was originally a 0.940-fine silver coin, weighing pound. It was adopted by Offa of Mercia and other English kings and remaine ...
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Shilling
The shilling is a historical coin, and the name of a unit of modern currencies formerly used in the United Kingdom, Australia, New Zealand, other British Commonwealth countries and Ireland, where they were generally equivalent to 12 pence or one-twentieth of a pound before being phased out during the 20th century. Currently the shilling is used as a currency in five east African countries: Kenya, Tanzania, Uganda, Somalia, as well as the ''de facto'' country of Somaliland. The East African Community additionally plans to introduce an East African shilling. History The word ''shilling'' comes from Old English "Scilling", a monetary term meaning twentieth of a pound, from the Proto-Germanic root skiljaną meaning 'to separate, split, divide', from (s)kelH- meaning 'to cut, split.' The word "Scilling" is mentioned in the earliest recorded Germanic law codes, those of Æthelberht of Kent. There is evidence that it may alternatively be an early borrowing of Phoenician ...
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Pieces Of Eight
The Spanish dollar, also known as the piece of eight ( es, Real de a ocho, , , or ), is a silver coin of approximately diameter worth eight Spanish reales. It was minted in the Spanish Empire following a monetary reform in 1497 with content 25.563 g = 0.822 oz t fine silver. It was widely used as the first international currency because of its uniformity in standard and milling characteristics. Some countries countermarked the Spanish dollar so it could be used as their local currency. Because the Spanish dollar was widely used in Europe, the Americas, and the Far East, it became the first world currency by the late 18th century. The Spanish dollar was the coin upon which the original United States dollar was based (at 0.7735 oz t = 24.0566 g), and it remained legal tender in the United States until the Coinage Act of 1857. Many other currencies around the world, such as the Japanese yen and the Chinese yuan, were initially based on the Spanish dollar and other 8-real coins ...
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United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland, and many smaller islands within the British Isles. Northern Ireland shares a land border with the Republic of Ireland; otherwise, the United Kingdom is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. The total area of the United Kingdom is , with an estimated 2020 population of more than 67 million people. The United Kingdom has evolved from a series of annexations, unions and separations of constituent countries over several hundred years. The Treaty of Union between the Kingdom of England (which included Wales, annexed in 1542) and the Kingdom of Scotland in 170 ...
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