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Jetha Lila
Jetha Lila was a private bank established in Zanzibar that traced its origins to 1880. It was an anomaly in East Africa in that it was local in origin, all other banks being foreign with headquarters outside the region, primarily in the United Kingdom. In 1880, Jetha Liladhar, a merchant of a Bombay Bhatia family, founded the firm to operate as commission agents. The firm added money-changing to its activities in 1910. In 1920 the Westminster Bank appointed Jetha Lila its agent to represent its interests in Zanzibar. Finally, in 1933 the Zanzibar government issued Jetha Lila a trading licence to permit it to operate as a bank. The bank continued to operate through the 1964 revolution in Zanzibar that led to the overthrow of Sultan Jamshid bin Abdullah and a subsequent merger with Tanganyika to form the nation of Tanzania Tanzania (; ), officially the United Republic of Tanzania ( sw, Jamhuri ya Muungano wa Tanzania), is a country in East Africa within the African Great ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Bank
Private banks are banks owned by either the individual or a general Partner (business rank), partner(s) with limited partner(s). Private banks are not incorporation (business), incorporated. In any such case, creditors can look to both the "entirety of the bank's assets" as well as the entirety of the sole-proprietor's/general-partners' assets. These banks have a long tradition in Switzerland, dating back to at least the Revocation of the Edict of Nantes#The Revocation of the Edict of Nantes, Revocation of the Edict of Nantes (1685). Private banks also have a long tradition in the UK where C. Hoare & Co. has been in business since 1672. Notable private banks This list contains two types of banks: * Unincorporated banks owned by either an individual or a general partner(s) with limited partner(s). * Incorporated banks specialized in wealth management for high-net-worth individuals. China *Bank of Communications, founded in 1908 *China Merchants Bank France * Compagnie Fin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zanzibar
Zanzibar (; ; ) is an insular semi-autonomous province which united with Tanganyika in 1964 to form the United Republic of Tanzania. It is an archipelago in the Indian Ocean, off the coast of the mainland, and consists of many small islands and two large ones: Unguja (the main island, referred to informally as Zanzibar) and Pemba Island. The capital is Zanzibar City, located on the island of Unguja. Its historic centre, Stone Town, is a World Heritage Site. Zanzibar's main industries are spices, raffia and tourism. In particular, the islands produce cloves, nutmeg, cinnamon, and black pepper. For this reason, the Zanzibar Archipelago, together with Tanzania's Mafia Island, are sometimes referred to locally as the "Spice Islands". Tourism in Zanzibar is a more recent activity, driven by government promotion that caused an increase from 19,000 tourists in 1985, to 376,000 in 2016. The islands are accessible via 5 ports and the Abeid Amani Karume International Airport, w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bombay
Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second-most populous city in India after Delhi and the eighth-most populous city in the world with a population of roughly 20 million (2 crore). As per the Indian government population census of 2011, Mumbai was the most populous city in India with an estimated city proper population of 12.5 million (1.25 crore) living under the Brihanmumbai Municipal Corporation. Mumbai is the centre of the Mumbai Metropolitan Region, the sixth most populous metropolitan area in the world with a population of over 23 million (2.3 crore). Mumbai lies on the Konkan coast on the west coast of India and has a deep natural harbour. In 2008, Mumbai was named an alpha world city. It has the highest number of millionaires and billionaires among all cities i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bhatia (caste)
Bhatia is a group of people and a caste found in Punjab, Sindh and Gujarat. Traditionally, they have been a trading and merchant community. The Bhatias primarily live in Northwestern India and Pakistan.Tribalism in India, pp 160, By Kamaladevi Chattopadhyaya, Edition: illustrated, Published by Vikas, 1978, Original from the University of Michigan. The Bhatias, Lohanas and Khatris were similar communities and were known to intermarry. The Bhatias recruit Saraswat Brahmins as priests. History The Bhatias are a mercantile community - traditionally they were merchants and traders. The Bhatias primarily live in Northwestern India and Pakistan. According to B.N. Puri, Bhatias are a part of the Khatri community but them along with Aroras and Soods maintained a distinct identity. Before their traditional occupation of traders, both the Lohanas and Bhatia were involved in the profession of Agriculture. Historian Goswami states that their ritual position was "ambiguous", and, "they ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Exchange Market
The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the credit market. The main participants in this market are the larger international banks. Financial centers around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends. Since currencies are always traded in pairs, the foreign exchange market does not set a currency's absolute value but rather determines its relative value by setting the market price of one currency if paid for with another. Ex: USD 1 is worth X CAD, or CHF, or JPY, etc. The foreign exchange market works thro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Westminster Bank
Westminster Bank was a British retail bank which operated in England and Wales from 1834 until its merger into the National Westminster Bank in 1970; it continued to exist as a dormant registered non-trading company until 4 July 2017 when it was dissolved. Considered one of the Big Five, it expanded during the nineteenth and twentieth centuries and took over a number of smaller banking companies. History London and Westminster Bank In 1834, the London and Westminster Bank was the first firm founded under the auspices of the Bank Charter Act 1833, which allowed joint-stock banks to be established in the capital. For various reasons, the press, private banking concerns, and the Bank of England were so hostile to the Bank Charter Act that London and Westminster's management was primarily concerned with defending the company's right to exist rather than setting up an extensive branch network. As a result, the bank opened only six London branches in its first three years and no ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jamshid Bin Abdullah
Sultan Sir Jamshid bin Abdullah Al Said, ( ar, جمشيد بن عبد الله; born 16 September 1929), is a Zanzibari royal who was the last reigning Sultan of Zanzibar before being deposed in the 1964 Zanzibar Revolution. Biography Jamshid ruled Zanzibar from 1 July 1963 to 12 January 1964. On 10 December 1963, Zanzibar received its independence from the United Kingdom as a constitutional monarchy within the Commonwealth under Jamshid. This state of affairs was short lived and he was overthrown by the Zanzibar Revolution. He fled into exile firstly to Oman but was not allowed to settle permanently. He later moved to the United Kingdom, settling in Portsmouth with his wife and children. While his children and siblings all settled in Oman in the 1980s, the Omani government continually denied Jamshid's requests to join them, citing security reasons. Their stance changed in September 2020 when after over 50 years in the United Kingdom, Jamshid's request to live in Oman was g ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tanganyika (1961–1964)
Tanganyika () was a sovereign state, comprising the mainland part of present-day Tanzania, that existed from 1961 until 1964. It first gained independence from the United Kingdom on 9 December 1961 as a state headed by Queen Elizabeth II before becoming a republic within the Commonwealth of Nations a year later. After signing the Articles of Union on 22 April 1964 and passing an Act of Union on 25 April, Tanganyika officially joined with the People's Republic of Zanzibar to form the United Republic of Tanganyika and Zanzibar on Union Day, 26 April 1964. The new state changed its name to the United Republic of Tanzania within a year. History Tanganyika originally consisted of the Tanganyika Territory, the British share of German East Africa, which the British took under a League of Nations Mandate in 1922, and which was later transformed into a United Nations Trust Territory after World War II. The next largest share of German East Africa was taken into Belgian trusteeship, ev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tanzania
Tanzania (; ), officially the United Republic of Tanzania ( sw, Jamhuri ya Muungano wa Tanzania), is a country in East Africa within the African Great Lakes region. It borders Uganda to the north; Kenya to the northeast; Comoro Islands and the Indian Ocean to the east; Mozambique and Malawi to the south; Zambia to the southwest; and Rwanda, Burundi, and the Democratic Republic of the Congo to the west. Mount Kilimanjaro, Africa's highest mountain, is in northeastern Tanzania. According to the United Nations, Tanzania has a population of million, making it the most populous country located entirely south of the equator. Many important hominid fossils have been found in Tanzania, such as 6-million-year-old Pliocene hominid fossils. The genus Australopithecus ranged across Africa between 4 and 2 million years ago, and the oldest remains of the genus ''Homo'' are found near Lake Olduvai. Following the rise of '' Homo erectus'' 1.8 million years ago, humanity spread ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Zanzibar
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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