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Patacón (bond)
The Patacón (officially called ''Letra de Tesorería para Cancelación de Obligaciones de la Provincia de Buenos Aires'') was a Bond (finance), bond issued by the government of the Provinces of Argentina, province of Buenos Aires Province, Buenos Aires, Argentina, during 2001. The ''patacones'' were used to pay government bills, including state employees' salaries during a period when the Argentine economic crisis, economic crisis caused regular currency (Argentine pesos) to be scarce. ''Patacones'' then circulated in the economy in much the same way as pesos. First issued during the peso/U.S. dollar convertibility regime, just like other complementary currency Patacones could be attractive due to a revenue scheduled for payment in 2003 in pesos (practically equivalent to dollars). When the convertibility was abandoned amid fears of hyperinflation, the attractiveness of this revenue practically disappeared. The basis for the acceptability of complementary currency shifted to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peso
The peso is the monetary unit of several countries in the Americas, and the Philippines. Originating in the Spanish Empire, the word translates to "weight". In most countries the peso uses the Dollar sign, same sign, "$", as many currencies named "dollar". The sign "Philippine peso sign, ₱" is used in the Philippines. The silver ''peso'' worth eight ''Spanish real, reales'' was also known in English as a Spanish dollar or "piece of eight" and was a widely used international trade coin from the 16th to the 19th century. Origin and history 1537–1686 piece of eight The name peso was given to the 8-Spanish real, real silver coin introduced in 1497, minted at 8 pesos to a Castilian mark (230.0465 grams) of silver 134/144 fine (25.56 g fine silver). It was minted in large quantities after the discovery of silver in Mexico, Peru and Bolivia in the 16th century, and immediately became a coin of worldwide importance in international trade between Europe, Asia and North America. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bonds (finance)
Bond or bonds may refer to: Common meanings * Bond (finance), a type of debt security * Bail bond, a commercial third-party guarantor of surety bonds in the United States * Chemical bond, the attraction of atoms, ions or molecules to form chemical compounds People * Bond (surname) * Bonds (surname) * Mr. Bond (musician), Austrian rapper Arts and entertainment * James Bond, a series of works about the eponymous fictional character * James Bond (literary character), a British secret agent in a series of novels and films * Bond (band), an Australian/British string quartet ** '' Bond: Video Clip Collection'', a video collection from the band * Bond (Canadian band), a Canadian rock band in the 1970s * ''The Bond'' (2007 book), an American autobiography written by The Three Doctors * ''The Bond'', a 1918 film by Charlie Chaplin supporting Liberty bonds * Bond International Casino, a former music venue in New York City Places Antarctica * Bond Glacier, at the head of Vincennes B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currencies Of Argentina
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound Sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$)) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance - i.e. legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term "curre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Argentine Argentino
The golden Argentino was the only official golden coins made by the argentine Casa de Moneda from 1881 to 1896, according to law N° 1130, sanctioned in 1881 during Julio Argentino Roca's presidency. Gold currency The Argentino was an Argentine currency equal to 5 pesos oro sellado. The argentino coin was issued in 1881 and 1884 and it weighs 4.0322 grams. The argentino coin was issued from 1881 to 1896 and it weighs 8.0645 grams. Both were made of gold 0.900. Planned currency The Argentino was a complementary currency in Argentina announced by then-president Adolfo Rodríguez Saá on December 26, 2001 during the Argentine economic crisis. It would have circulated alongside the peso and the dollar. He resigned on December 30, 2001 and this plan was never implemented. The currency was to replace the Patacón, the LECOP The LECOP was a bond issued by Argentine national government. ''LECOP'' (sometimes written as a common word, ''Lecop''), stands for Letra de Cancelación de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
LECOP
The LECOP was a bond issued by Argentine national government. ''LECOP'' (sometimes written as a common word, ''Lecop''), stands for Letra de Cancelación de Obligaciones Provinciales ("Letter of Cancellation of Provincial Obligations"). These bonds were circulated at a substantial discount from their face value, so anybody accepting was bound to experience devaluation (or inflation). While LECOPs were intended as a means to replace legal currency (Argentine pesos) at a time when cash was scarce, there were occasions in which LECOPs were not accepted as valid means of payment — most notably, most taxes could only be paid in pesos, or only partly paid in LECOPs. Public utility companies generally restricted the percentage acceptable to a 70-30 ratio, sometimes further limiting LECOP usage to 15% of the total bill. Other complementary currencies A complementary currency is a currency or medium of exchange that is not necessarily a national currency, but that is thought of as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crédito
The Crédito was a local currency started on 1 May 1995 in Bernal, province of Buenos Aires, Argentina, on a garage sale, which was the first of many neighbourhood barter markets (''mercados de trueque'') that emerged in Argentina during the economic crisis. The operator of this currency was the ''Red Global de Clubes de Trueque Multirecíproco'' (RGT), literally "Global Network of Multi-Reciprocal Exchange Clubs" or more simply the "Global Exchange Network" (GEN). The currency started as a Local Exchange Trading Systems (LETS) system but was soon replaced by a number of printed currencies and, after further experimentation with a LETS called ''nodine'' (from ''no dinero'', "not money"), finally became the ''Crédito'', a printed currency again. The RGT was organized as a chaordic network of barter clubs, which had a clientele from a well-educated middle class that had fallen into unemployment during the Argentine recession of the late 1990s. The clubs of the RGT had no cent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Patoruzú
Patoruzú is a comic character created in 1928 by Dante Quinterno and is considered the most popular hero of Argentine comics. Patoruzú is a wealthy Tehuelche '' cacique'' with great estate properties in Patagonia, and possesses both superhuman physical strength and a charitable yet naive heart. He was originally only a side character in Quinterno's series "Don Gil Contento", but became so popular with readers that the comic was renamed after him. History Patoruzú first appeared on October 19, 1928, in the ''Las Aventuras de Don Gil Contento'' strip in the ''Crítica'' newspaper, under the name of ''Curugua Curuguagüigua''; ''last cacique of the giant Tehuelches'', of whom ''Don Gil'' becomes tutor. The name was deemed too difficult to pronounce and was soon changed to Patoruzú, after the then-popular candy ''Pasta de Orozú''. Nevertheless, the strip was canceled by the newspaper after only a few days. Later that year Dante Quinterno started working for '' La Razón'' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Complementary Currency
A complementary currency is a currency or medium of exchange that is not necessarily a national currency, but that is thought of as supplementing or complementing national currencies. Complementary currencies are usually not legal tender and their use is based on agreement between the parties exchanging the currency. According to Jérôme Blanc of Laboratoire d'Économie de la Firme et des Institutions, complementary currencies aim to protect, stimulate or orientate the economy. They may also be used to advance particular social, environmental, or political goals. When speaking about complementary currencies, a number of overlapping and often interchangeable terms are in use: local or community currencies are complementary currencies used within a locality or other form of community (such as business-based or online communities); regional currencies are similar to local currencies, but are used within a larger geographical region; and sectoral currencies are complementary curren ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Argentine Peso
The peso (established as the ''peso convertible'') is the currency of Argentina, identified by the symbol $ preceding the amount in the same way as many countries using peso or dollar currencies. It is subdivided into 100 '' centavos''. Its ISO 4217 code is ARS. The Argentine currency has experienced severe inflation, with periods of hyperinflation, since the mid-20th century, with periodic change of the currency to a new version at a rate ranging from 100:1 to 10,000:1. The peso introduced in 1992 was worth 10,000,000,000,000 (ten trillion) of the pesos in use until 1970. Since the early 21st century, the Argentine peso has experienced a substantial rate of devaluation, reaching over 51% year-on-year inflation rate in 2021. The official exchange rate for the United States dollar commenced at 1:1 at the peso's introduction in 1992; it then hovered around 3:1 from 2002 to 2008, before climbing from 6:1 to 10:1 between 2009 and 2015. In July 2022, the value exchange rate with the U ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Argentine Economic Crisis
Argentines (mistakenly translated Argentineans in the past; in Spanish (masculine) or (feminine)) are people identified with the country of Argentina. This connection may be residential, legal, historical or cultural. For most Argentines, several (or all) of these connections exist and are collectively the source of their being ''Argentine''. Argentina is a multiethnic and multilingual society, home to people of various ethnic, religious, and national origins, with the majority of the population made up of Old World immigrants and their descendants. As a result, Argentines do not equate their nationality with ethnicity, but with citizenship and allegiance to Argentina. Aside from the indigenous population, nearly all Argentines or their ancestors immigrated within the past five centuries. Among countries in the world that have received the most immigrants in modern history, Argentina, with 6.6 million, ranks second to the United States (27 million), and ahead of other immigr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
