Malagasy Franc
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Malagasy Franc
The franc (ISO 4217 code ''MGF'') was the currency of Madagascar until January 1, 2005. It was subdivided into 100 centimes. In Malagasy the corresponding term for the franc is ''iraimbilanja'', and five Malagasy francs is called ''ariary''. History The first francs to circulate in Madagascar were French francs. These were supplemented during the First World War by emergency issues, including issues of postage stamps fixed to pieces of card in denominations of 0.05 up to 2 francs. The Banque de Madagascar was created on July 1, 1925, by the French government. The currency was issued by the government-owned ''Banque de Madagascar'' and was pegged at par to the French franc. Only banknotes were issued with French coins continuing to circulate. When the Comoro Islands became a separate French territory, the name of the issuing bank was changed to Banque de Madagascar et des Comores. The Madagascar-Comores CFA franc (XMCF) replaced the franc of Madagascar on December 26, 1945, with ...
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Madagascar
Madagascar (; mg, Madagasikara, ), officially the Republic of Madagascar ( mg, Repoblikan'i Madagasikara, links=no, ; french: République de Madagascar), is an island country in the Indian Ocean, approximately off the coast of East Africa across the Mozambique Channel. At Madagascar is the world's List of island countries, second-largest island country, after Indonesia. The nation is home to around 30 million inhabitants and consists of the island of Geography of Madagascar, Madagascar (the List of islands by area, fourth-largest island in the world), along with numerous smaller peripheral islands. Following the prehistoric breakup of the supercontinent Gondwana, Madagascar split from the Indian subcontinent around 90 million years ago, allowing native plants and animals to evolve in relative isolation. Consequently, Madagascar is a biodiversity hotspot; over 90% of wildlife of Madagascar, its wildlife is endemic. Human settlement of Madagascar occurred during or befo ...
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Institut D'Émission Malgache
The Central Bank of Madagascar ( mg, Banky Foiben'i Madagasikara; french: Banque Centrale de Madagascar, BCM) is the central bank of Madagascar. The bank's mission is to, in collaboration with the general government, and in observation of the laws of finance, to maintain the general political economy of Madagascar; and to maintain the national monetary reserves. The offices of the bank are located in Antananarivo. The Central Bank of Madagascar is active in developing financial inclusion policy and is a member of the Alliance for Financial Inclusion. History The Banque Centrale de Madagascar has origins in the Banque de Madagascar, which issued the Madagascar-Comores CFA franc, beginning in 1925, as Madagascar's currency. In 1945, after the creation of Territory of Comoros, the Banque de Madagascar et des Comores was formed ; concurrent with the creation of many other African franc currencies. After Madagascar's independence from France in 1960, Madagascar began issuing the Mal ...
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Aluminum
Aluminium (aluminum in American and Canadian English) is a chemical element with the symbol Al and atomic number 13. Aluminium has a density lower than those of other common metals, at approximately one third that of steel. It has a great affinity towards oxygen, and forms a protective layer of oxide on the surface when exposed to air. Aluminium visually resembles silver, both in its color and in its great ability to reflect light. It is soft, non-magnetic and ductile. It has one stable isotope, 27Al; this isotope is very common, making aluminium the twelfth most common element in the Universe. The radioactivity of 26Al is used in radiodating. Chemically, aluminium is a post-transition metal in the boron group; as is common for the group, aluminium forms compounds primarily in the +3 oxidation state. The aluminium cation Al3+ is small and highly charged; as such, it is polarizing, and bonds aluminium forms tend towards covalency. The strong affinity towards ox ...
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Cross Of Lorraine
The Cross of Lorraine (french: Croix de Lorraine, link=no), known as the Cross of Anjou in the 16th century, is a heraldic two-barred cross, consisting of a vertical line crossed by two shorter horizontal bars. In most renditions, the horizontal bars are "graded" with the upper bar being the shorter, though variations with the bars of equal length are also seen. The ''Lorraine'' name has come to signify several cross variations, including the patriarchal cross with its bars near the top. Design The Cross of Lorraine consists of one vertical and two horizontal bars. In most renditions, the horizontal bars are "graded" with the upper bar being the shorter, though variations with the bars of equal length are also seen. History The Cross of Lorraine came from the Kingdom of Hungary to the Duchy of Lorraine. In Hungary, Béla III was the first monarch to use the two-barred cross as the symbol of royal power in the late 12th century. He probably adopted it from the Byzantine Em ...
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Bronze
Bronze is an alloy consisting primarily of copper, commonly with about 12–12.5% tin and often with the addition of other metals (including aluminium, manganese, nickel, or zinc) and sometimes non-metals, such as phosphorus, or metalloids such as arsenic or silicon. These additions produce a range of alloys that may be harder than copper alone, or have other useful properties, such as ultimate tensile strength, strength, ductility, or machinability. The three-age system, archaeological period in which bronze was the hardest metal in widespread use is known as the Bronze Age. The beginning of the Bronze Age in western Eurasia and India is conventionally dated to the mid-4th millennium BCE (~3500 BCE), and to the early 2nd millennium BCE in China; elsewhere it gradually spread across regions. The Bronze Age was followed by the Iron Age starting from about 1300 BCE and reaching most of Eurasia by about 500 BCE, although bronze continued to be much more widely used than it is in mod ...
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Free French
Free France (french: France Libre) was a political entity that claimed to be the legitimate government of France following the dissolution of the Third Republic. Led by French general , Free France was established as a government-in-exile in London in June 1940 after the Fall of France during World War II and fought the Axis as an Allied nation with its Free French Forces (). Free France also supported the resistance in Nazi-occupied France, known as the French Forces of the Interior, and gained strategic footholds in several French colonies in Africa. Following the defeat of the Third Republic by Nazi Germany, Marshal Philippe Pétain led efforts to negotiate an armistice and established a German puppet state known as Vichy France. Opposed to the idea of an armistice, de Gaulle fled to Britain, and from there broadcast the Appeal of 18 June () exhorting the French people to resist the Nazis and join the Free French Forces. On 27 October 1940, the Empire Defense Council ...
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1948 Madagascar 1 Franc Coin
Events January * January 1 ** The General Agreement on Tariffs and Trade (GATT) is inaugurated. ** The Constitution of New Jersey (later subject to amendment) goes into effect. ** The railways of Britain are nationalized, to form British Railways. * January 4 – Burma gains its independence from the United Kingdom, becoming an independent republic, named the ''Union of Burma'', with Sao Shwe Thaik as its first President, and U Nu its first Prime Minister. * January 5 ** Warner Brothers shows the first color newsreel (''Tournament of Roses Parade'' and the ''Rose Bowl Game''). ** The first Kinsey Reports, Kinsey Report, ''Sexual Behavior in the Human Male'', is published in the United States. * January 7 – Mantell UFO incident: Kentucky Air National Guard pilot Thomas Mantell crashes while in pursuit of an unidentified flying object. * January 12 – Mahatma Gandhi begins his fast-unto-death in Delhi, to stop communal violence during the Partition of India. * ...
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Zebu
The zebu (; ''Bos indicus'' or ''Bos taurus indicus''), sometimes known in the plural as indicine cattle or humped cattle, is a species or subspecies of domestic cattle originating in the Indian sub-continent. Zebu are characterised by a fatty hump on their shoulders, a large dewlap, and sometimes drooping ears. They are well adapted to withstanding high temperatures, and are farmed throughout the tropical countries, both as pure zebu and as hybrids with taurine cattle, the other main type of domestic cattle. Zebu are used as draught and riding animals, dairy cattle, and beef cattle, as well as for byproducts such as hides and dung for fuel and manure. Some small breeds such as the miniature zebu are also kept as pets. In 1999, researchers at Texas A&M University successfully cloned a zebu. In some regions, such as parts of India, cattle, especially zebu, have significant religious meaning. Taxonomy and name The scientific name ''Bos indicus'' was introduced by Carl Linnae ...
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Marianne
Marianne () has been the national personification of the French Republic since the French Revolution, as a personification of liberty, equality, fraternity and reason, as well as a portrayal of the Goddess of Liberty. Marianne is displayed in many places in France and holds a place of honour in town halls and law courts. She is depicted in the ''Triumph of the Republic'', a bronze sculpture overlooking the Place de la Nation in Paris, as well as represented with another Parisian statue on the Place de la République. Her profile stands out on the official government logo of the country, appears on French euro coins and on French postage stamps. She was also featured on the former franc currency and is officially used on most government documents. Marianne is a significant republican symbol; her French monarchist equivalent is often Joan of Arc. As a national icon Marianne represents opposition to monarchy and the championship of freedom and democracy against all forms of ...
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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 ...
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Floating Currency
In macroeconomics and economic policy, a floating exchange rate (also known as a fluctuating or flexible exchange rate) is a type of exchange rate regime in which a currency's value is allowed to fluctuate in response to foreign exchange market events. A currency that uses a floating exchange rate is known as a ''floating currency'', in contrast to a ''fixed currency'', the value of which is instead specified in terms of material goods, another currency, or a set of currencies (the idea of the last being to reduce currency fluctuations). In the modern world, most of the world's currencies are floating, and include the most widely traded currencies: the United States dollar, the euro, the Swiss franc, the Indian rupee, the pound sterling, the Japanese yen, and the Australian dollar. However, even with floating currencies, central banks often participate in markets to attempt to influence the value of floating exchange rates. The Canadian dollar most closely resembles a pure flo ...
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Devaluation
In macroeconomics and modern monetary policy, a devaluation is an official lowering of the value of a country's currency within a fixed exchange-rate system, in which a monetary authority formally sets a lower exchange rate of the national currency in relation to a foreign reference currency or currency basket. The opposite of devaluation, a change in the exchange rate making the domestic currency more expensive, is called a ''revaluation''. A monetary authority (e.g., a central bank) maintains a fixed value of its currency by being ready to buy or sell foreign currency with the domestic currency at a stated rate; a devaluation is an indication that the monetary authority will buy and sell foreign currency at a lower rate. However, under a floating exchange rate system (in which exchange rates are determined by market forces acting on the foreign exchange market, and not by government or central bank policy actions), a decrease in a currency's value relative to other major curren ...
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