Paul Vinelli
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Paul Vinelli
Paul Vinelli (November 7, 1922 – February 18, 1997) was an Italian-American-Honduran economist and banker. He was sent to Honduras in 1949 by the International Monetary Fund (IMF) to advise the government on banking and tax legislation. He was instrumental in the creation of the Central Bank of Honduras and the National Bank for Agricultural Development in 1950. He remained working as an economic advisor to the Honduran government for six years. In future years he continued to be one of the strongest guides of Honduran economic policy. In 1957 he joined Banco Atlántida, then one of the largest banks in Honduras, which during the 1960s and 1970s was a correspondent bank of Chase Manhattan Bank. He was Chief Executive Officer from 1978 to 1995, and chairman of the board from 1978 until his death in 1997. He helped establish the School of Economics at the Universidad Nacional Autónoma de Honduras where he taught for twenty-five years. In 1996 he was named Honduran Ambassador t ...
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Naples
Naples (; it, Napoli ; nap, Napule ), from grc, Νεάπολις, Neápolis, lit=new city. is the regional capital of Campania and the third-largest city of Italy, after Rome and Milan, with a population of 909,048 within the city's administrative limits as of 2022. Its province-level municipality is the third-most populous metropolitan city in Italy with a population of 3,115,320 residents, and its metropolitan area stretches beyond the boundaries of the city wall for approximately 20 miles. Founded by Greeks in the first millennium BC, Naples is one of the oldest continuously inhabited urban areas in the world. In the eighth century BC, a colony known as Parthenope ( grc, Παρθενόπη) was established on the Pizzofalcone hill. In the sixth century BC, it was refounded as Neápolis. The city was an important part of Magna Graecia, played a major role in the merging of Greek and Roman society, and was a significant cultural centre under the Romans. Naples served a ...
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American Security And Trust Company Building
The American Security and Trust Company Building is a Neoclassical bank office in Washington, D.C., designed by the architectural firm of York and Sawyer. It was listed on the National Register of Historic Places in 1973. Design The neoclassical exterior closely matches that of the Riggs National Bank building next door, also designed by York and Sawyer and completed in 1902, so that they are sometimes taken to be a single building. The east facade of the building presents a multiple bay arrangement with two plain bays flanking a hexastyle portico of six Ionic columns and entablature, while the narrower and plainer south face has a single bay with two plain Doric pilasters flanking the entrance in a shallow recess. The parapet conceals three skylights. Although the exterior has two rows of windows, the interior is in fact a single floor, also decorated in the neoclassical style; it was remodeled in 1931–1932 but retained essentially the same form excepting the removal of ...
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Tallinn
Tallinn () is the most populous and capital city of Estonia. Situated on a bay in north Estonia, on the shore of the Gulf of Finland of the Baltic Sea, Tallinn has a population of 437,811 (as of 2022) and administratively lies in the Harju ''maakond'' (county). Tallinn is the main financial, industrial, and cultural centre of Estonia. It is located northwest of the country's second largest city Tartu, however only south of Helsinki, Finland, also west of Saint Petersburg, Russia, north of Riga, Latvia, and east of Stockholm, Sweden. From the 13th century until the first half of the 20th century, Tallinn was known in most of the world by variants of its other historical name Reval. Tallinn received Lübeck city rights in 1248,, however the earliest evidence of human population in the area dates back nearly 5,000 years. The medieval indigenous population of what is now Tallinn and northern Estonia was one of the last " pagan" civilisations in Europe to adopt Christianit ...
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World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In the 1970s, it focused on loans to developing world countries, shifting away from that mission in the 1980s. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its loan strategy is influenced by the Sustainable Development Goals as well as environmental and social safeguards. , the World Bank is run by a president and 25 executive directors, as well as 29 various vice ...
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David Rockefeller
David Rockefeller (June 12, 1915 – March 20, 2017) was an American investment banker who served as chairman and chief executive of Chase Manhattan Corporation. He was the oldest living member of the third generation of the Rockefeller family, and family patriarch from July 2004 until his death in March 2017. Rockefeller was the fifth son and youngest child of John D. Rockefeller Jr. and Abby Aldrich Rockefeller, and a grandson of John D. Rockefeller and Laura Spelman Rockefeller. He was noted for his wide-ranging political connections and foreign travel, in which he met with many foreign leaders. His fortune was estimated at $3.3 billion at the time of his death in March 2017. Early life Rockefeller was born in New York City. He grew up in an eight-story house at 10 West 54th Street, the tallest private residence ever built in the city. Rockefeller was the youngest of six children born to financier John Davison Rockefeller Jr. and socialite Abigail Greene "Abby" Aldrich. ...
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Chase Bank
JPMorgan Chase Bank, N.A., doing business as Chase Bank or often as Chase, is an American national bank headquartered in New York City, that constitutes the consumer and commercial banking subsidiary of the U.S. multinational banking and financial services holding company, JPMorgan Chase. The bank was known as Chase Manhattan Bank until it merged with J.P. Morgan & Co. in 2000. Chase Manhattan Bank was formed by the merger of the Chase National Bank and the Manhattan Company in 1955. The bank merged with Bank One Corporation in 2004 and in 2008 acquired the deposits and most assets of Washington Mutual. Chase offers more than 5,100 branches and 17,000 ATMs nationwide. JPMorgan Chase & Co. has 250,355 employees (as of 2016) and operates in more than 100 countries. JPMorgan Chase & Co. had assets of $3.31 trillion in 2022, which makes it the largest bank in the United States as well as the bank with the most branches in the United States and the only bank with a presence in a ...
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Honduran Military Junta Of 1956–1957
The Military Junta of 1956–1957 was a military triumvirate composed by General Roque Jacinto Rodríguez Herrera (Director of the "Francisco Morazán" Military Academy), Roberto Gálvez Barnes (an engineer who was Minister during Lozano's Government) and Héctor Caraccioli Moncada (chief of the Honduran Armed Forces). It was in power October 21, 1956 – December 21, 1957. They led a peaceful military coup against the unpopular President Julio Lozano Díaz in 1956. This is recorded as the first coup d'état in Honduras. After many months of ruling over the Honduran people, problems along the "Junta Militar" started, causing the reorganization of the Junta. After this reorganization General Roque Rodriguez and Roberto Galvez Barnes left the Junta and Oswaldo López Arellano entered. The Honduran Military allowed free and popular elections in 1957 for a Constituent Assembly which elected President for a 6-year term Ramón Villeda Morales José Ramón Adolfo Villed ...
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Julio Lozano Díaz
Julio Lozano Díaz (27 March 1885 – 20 August 1957), was first Vice President of Honduras (1949–1954) and then President of Honduras, from 5 December 1954 until 21 October 1956. He was born in Tegucigalpa, Honduras, and worked as an accountant for the Rosario Mining Company. He was Minister of Finance of Honduras from 1934 to 1936. Lozano assumed presidential authority on 16 November 1954 while President Juan Manuel Gálvez was out of the country seeking medical attention. In December, citing a constitutional crisis over the stalemated presidential elections, he proclaimed himself the chief of state and he began instituting his own policies. Generally unpopular, and in ill health, Lozano was forced to resign by the military. He won a democratic election in 1956, but the result was deemed illegitimate and was annulled by the military junta. Lozano Diaz died the following year in Miami, Florida Miami ( ), officially the City of Miami, known as "the 305", "The Magic Ci ...
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Seigniorage
Seigniorage , also spelled seignorage or seigneurage (from the Old French ''seigneuriage'', "right of the lord (''seigneur'') to mint money"), is the difference between the value of money and the cost to produce and distribute it. The term can be applied in two ways: * Seigniorage derived from specie (metal coins) is a tax added to the total cost of a coin (metal content and production costs) that a customer of the mint had to pay, and which was sent to the sovereign of the political region. * Seigniorage derived from notes is more indirect; it is the difference between interest earned on securities acquired in exchange for banknotes and the cost of printing and distributing the notes. "Monetary seigniorage" is where sovereign-issued securities are exchanged for newly printed banknotes by a central bank, allowing the sovereign to "borrow" without needing to repay. Monetary seigniorage is sovereign revenue obtained through routine debt monetization, including expansion of the money ...
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Honduran Lempira
The lempira (, sign: L, ISO 4217 code: HNL;) is the currency of Honduras. It is subdivided into 100 centavos. Etymology The lempira was named after the 16th-century '' cacique'' Lempira, a ruler of the indigenous Lenca people, who is renowned in Honduran folklore for leading the local native resistance against the Spanish '' conquistador'' forces. He is a national hero and is honored on both the 1 lempira note and the 20 and 50 centavos coins. History The lempira was introduced in 1931, replacing the peso at par. In the late 1980s, the exchange rate was two lempiras to the United States dollar (the 20-centavos coin is called a ''daime'' as it was worth the same as a U.S. dime). As of April 4, 2022, the lempira was quoted at 24.40 HNL to US$1. Coins In 1931, coins were introduced in denominations of 5, 20 & 50 centavos, and 1 lempira. One, 2 and 10 centavos coins were added in 1935, 1939 and 1932, respectively. The silver 1 lempira coins ceased production in 1937, with ...
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International Bank For Reconstruction And Development
The International Bank for Reconstruction and Development (IBRD) is an international financial institution, established in 1944 and headquartered in Washington, D.C., United States, that is the lending arm of World Bank Group. The IBRD offers loans to middle-income developing countries. The IBRD is the first of five member institutions that compose the World Bank Group. The initial mission of the IBRD in 1944, was to finance the reconstruction of European nations devastated by World War II. The IBRD and its concessional lending arm, the International Development Association (IDA), are collectively known as the World Bank as they share the same leadership and staff. Following the reconstruction of Europe, the Bank's mandate expanded to advancing worldwide economic development and eradicating poverty. The IBRD provides commercial-grade or concessional financing to sovereign states to fund projects that seek to improve transportation and infrastructure, education, domestic polic ...
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