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National Bank Of Romania
The National Bank of Romania ( ro, Banca Națională a României, BNR) is the central bank of Romania and was established in April 1880. Its headquarters are located in the capital city of Bucharest. The National Bank of Romania is responsible for the issue of the Romanian leu and as such it sets the monetary policy, holds the currency reserves and manages the exchange rate. History The bank's first governor was Ion Câmpineanu. Eugeniu Carada is associated to the National Bank, as he was the founder of the bank and he was elected director of the bank, but he never accepted the role of Governor. In 1916, in the wake of the Central Powers' invasion, the valuables of the National Bank of Romania, together with many other valuables (the Romanian Treasure) were sent to Moscow for safekeeping, but were never returned (except for the Pietroasele treasure - now on display at the National Museum of Romanian History, the numismatic collection of the National Bank, some paintings and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Ownership
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a state-owne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ioanid Gang
The Ioanid Gang ( ro, Banda Ioanid) is the name given by Communist propaganda to a group in Communist Romania named after two of its members, Alexandru and Paul Ioanid. They were accused of carrying out on 28 July 1959 the most famous bank robbery in a Communist state. Timeline An armed group of six Jewish Romanian intellectuals and Communist Party cadres (Alexandru Ioanid, Paul Ioanid, Igor Sevianu, Monica Sevianu, Sașa Mușat, and Haralambie Obedeanu) were alleged to have stolen 1,600,000 Romanian lei (about 250,000 US dollars in 1959) from an armoured car of the National Bank of Romania in 1959. The first five were alleged to have been in a getaway car, while Obedeanu was alleged to have been in a telephone cabin, keeping the bank's phone line busy. The case was investigated by the Securitate, Communist Romania's secret police, and the supposed perpetrators were arrested within two months. They were rounded up in night-time raids, tried behind closed doors, and all but one s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European System Of Central Banks
The European System of Central Banks (ESCB) is an institution that comprises the European Central Bank (ECB) and the national central banks (NCBs) of all 27 member states of the European Union (EU). Its objective is to ensure price stability throughout the EU, and improve monetary and financial cooperation between eurozone and non-eurozone member states of the EU. Organization The process of decision-making in the Eurosystem is centralized through the decision-making bodies of the ECB, namely the Governing Council and the Executive Board. As long as there are EU member states which have not adopted the euro, a third decision-making body, the General Council, shall also exist. The NCBs of the Member States that do not participate in the euro area are members of the ESCB with a special statuswhile they are allowed to conduct their respective national monetary policies, they do not take part in the decision-making with regard to the single monetary policy for the euro area and th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Banks
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base. Most central banks also have supervisory and regulatory powers to ensure the stability of member institutions, to prevent bank runs, and to discourage reckless or fraudulent behavior by member banks. Central banks in most developed nations are institutionally independent from political interference. Still, limited control by the executive and legislative bodies exists. Activities of central banks Functions of a central bank usually include: * Monetary policy: by setting the official interest rate and controlling the money supply; *Financial stability: acting as a government's banker and as the bankers' bank ("lender of last resort"); * Reserve management: managing a country's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Bank Of Romania
The National Bank of Romania ( ro, Banca Națională a României, BNR) is the central bank of Romania and was established in April 1880. Its headquarters are located in the capital city of Bucharest. The National Bank of Romania is responsible for the issue of the Romanian leu and as such it sets the monetary policy, holds the currency reserves and manages the exchange rate. History The bank's first governor was Ion Câmpineanu. Eugeniu Carada is associated to the National Bank, as he was the founder of the bank and he was elected director of the bank, but he never accepted the role of Governor. In 1916, in the wake of the Central Powers' invasion, the valuables of the National Bank of Romania, together with many other valuables (the Romanian Treasure) were sent to Moscow for safekeeping, but were never returned (except for the Pietroasele treasure - now on display at the National Museum of Romanian History, the numismatic collection of the National Bank, some paintings and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World War I
World War I (28 July 1914 11 November 1918), often abbreviated as WWI, was one of the deadliest global conflicts in history. Belligerents included much of Europe, the Russian Empire, the United States, and the Ottoman Empire, with fighting occurring throughout Europe, the Middle East, Africa, the Pacific, and parts of Asia. An estimated 9 million soldiers were killed in combat, plus another 23 million wounded, while 5 million civilians died as a result of military action, hunger, and disease. Millions more died in genocides within the Ottoman Empire and in the 1918 influenza pandemic, which was exacerbated by the movement of combatants during the war. Prior to 1914, the European great powers were divided between the Triple Entente (comprising France, Russia, and Britain) and the Triple Alliance (containing Germany, Austria-Hungary, and Italy). Tensions in the Balkans came to a head on 28 June 1914, following the assassination of Archduke Franz Ferdin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Russian Empire
The Russian Empire was an empire and the final period of the Russian monarchy from 1721 to 1917, ruling across large parts of Eurasia. It succeeded the Tsardom of Russia following the Treaty of Nystad, which ended the Great Northern War. The rise of the Russian Empire coincided with the decline of neighbouring rival powers: the Swedish Empire, the Polish–Lithuanian Commonwealth, Qajar Iran, the Ottoman Empire, and Qing China. It also held colonies in North America between 1799 and 1867. Covering an area of approximately , it remains the third-largest empire in history, surpassed only by the British Empire and the Mongol Empire; it ruled over a population of 125.6 million people per the 1897 Russian census, which was the only census carried out during the entire imperial period. Owing to its geographic extent across three continents at its peak, it featured great ethnic, linguistic, religious, and economic diversity. From the 10th–17th centuries, the land ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold Reserves
A gold reserve is the gold held by a national central bank, intended mainly as a guarantee to redeem promises to pay depositors, note holders (e.g. paper money), or trading peers, during the eras of the gold standard, and also as a store of value, or to support the value of the national currency. The World Gold Council estimates that all the gold ever mined, and that is accounted for, totalled 190,040 metric tons in 2019How much gold has been mined? , World Gold Council but other independent estimates vary by as much as 20%. At a price of US, reached on 16 August 2017, one metric ton of gold has a value of approximately $40.2 million. The total value of all gold ever mined, and that is accounted for, would exceed $7.5 trillion at that valuation and using WGC 2017 estimates. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Romania
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. How ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corinthian Columns
The Corinthian order (Greek: Κορινθιακός ρυθμός, Latin: ''Ordo Corinthius'') is the last developed of the three principal classical orders of Ancient Greek architecture and Roman architecture. The other two are the Doric order which was the earliest, followed by the Ionic order. In Ancient Greek architecture, the Corinthian order follows the Ionic in almost all respects other than the capitals of the columns. When classical architecture was revived during the Renaissance, two more orders were added to the canon: the Tuscan order and the Composite order. The Corinthian, with its offshoot the Composite, is the most ornate of the orders. This architectural style is characterized by slender fluted columns and elaborate capitals decorated with acanthus leaves and scrolls. There are many variations. The name ''Corinthian'' is derived from the ancient Greek city of Corinth, although the style had its own model in Roman practice, following precedents set by the Templ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Interwar Period
In the history of the 20th century, the interwar period lasted from 11 November 1918 to 1 September 1939 (20 years, 9 months, 21 days), the end of the World War I, First World War to the beginning of the World War II, Second World War. The interwar period was relatively short, yet featured many significant social, political, and economic changes throughout the world. Petroleum-based energy production and associated mechanisation led to the prosperous Roaring Twenties, a time of both social mobility and economic mobility for the middle class. Automobiles, electric lighting, radio, and more became common among populations in the developed world. The indulgences of the era subsequently were followed by the Great Depression, an unprecedented worldwide economic downturn that severely damaged many of the world's largest economies. Politically, the era coincided with the rise of communism, starting in Russia with the October Revolution and Russian Civil War, at the end of World War I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Șerban Cantacuzino
Șerban Cantacuzino (), (1634/1640 – 29 October 1688) was a Prince of Wallachia between 1678 and 1688. Life and career Cantacuzino took part in the Ottoman campaign which ended in their defeat at the Battle of Vienna. According to Gaster (1911) it was alleged that he conceived the plan of marching on Constantinople to drive the Turks out of Europe, the western powers having promised him their moral support. Cantacuzino introduced maize to Wallachia and present-day Romania, in time the staple food—it was not yet extensively cultivated during his reign. He agreed to the establishment of various printing presses, and ordered the famous Romanian edition of the Bible (the ''Cantacuzino Bible''), first published in Bucharest (1688). Through his influence also the Slavonic language was officially and finally abolished from the liturgy and the Romanian language substituted for it. He also founded the first Romanian school in Bucharest. His son Gheorghe Cantacuzino later ruled as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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