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Portuguese Timorese Pataca
The pataca was a monetary unit of account used in Portuguese Timor between 1894 and 1958, except for the period 1942–1945, when the occupying Japanese forces introduced the Netherlands Indies gulden and the roepiah. As in the case of the Macanese pataca which is still in use today, the East Timor unit was based on the silver Mexican dollar coins which were prolific in the wider region in the 19th century. These Mexican dollar coins were in turn the lineal descendants of the Spanish pieces of eight which had been introduced to the region by the Portuguese through Portuguese Malacca, and by the Spanish through the Manila Galleon trade. History The pataca was first introduced in Portuguese Macau and Portuguese Timor in the year 1894, but only as a unit of account for the silver Mexican dollar coins that circulated widely in the region at that time. In 1894, Macau and Portuguese Timor constituted one single administrative entity, but in 1896 Portuguese Timor became autonomous from ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Portuguese Timor
Portuguese Timor ( pt, Timor Português) was a colonial possession of Portugal that existed between 1702 and 1975. During most of this period, Portugal shared the island of Timor with the Dutch East Indies. The first Europeans to arrive in the region were the Portuguese in 1515.West, p. 198. Dominican friars established a presence on the island in 1556, and the territory was declared a Portuguese colony in 1702. Following the beginning of the Carnation Revolution (a Lisbon-instigated decolonisation process) in 1975, East Timor was invaded by Indonesia. However, the invasion was not recognized as legal by the United Nations (UN), which continued to regard Portugal as the legal Administering Power of East Timor. The independence of East Timor was finally achieved in 2002 following a UN-administered transition period. History Early colonialists Prior to the arrival of European colonial powers, the island of Timor was part of the trading networks that stretched between India and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Netherlands East Indies
The Dutch East Indies, also known as the Netherlands East Indies ( nl, Nederlands(ch)-Indië; ), was a Dutch colony consisting of what is now Indonesia. It was formed from the nationalised trading posts of the Dutch East India Company, which came under the administration of the Dutch government in 1800. During the 19th century, the Dutch possessions and hegemony expanded, reaching the greatest territorial extent in the early 20th century. The Dutch East Indies was one of the most valuable colonies under European rule, and contributed to Dutch global prominence in spice and cash crop trade in the 19th to early 20th centuries. The colonial social order was based on rigid racial and social structures with a Dutch elite living separate from but linked to their native subjects. The term ''Indonesia'' came into use for the geographical location after 1880. In the early 20th century, local intellectuals began developing the concept of Indonesia as a nation state, and set the stage ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Modern Obsolete Currencies
Modern may refer to: History * Modern history ** Early Modern period ** Late Modern period *** 18th century *** 19th century *** 20th century ** Contemporary history * Moderns, a faction of Freemasonry that existed in the 18th century Philosophy and sociology * Modernity, a loosely defined concept delineating a number of societal, economic and ideological features that contrast with "pre-modern" times or societies ** Late modernity Art * Modernism ** Modernist poetry * Modern art, a form of art * Modern dance, a dance form developed in the early 20th century * Modern architecture, a broad movement and period in architectural history * Modern music (other) Geography *Modra, a Slovak city, referred to in the German language as "Modern" Typography * Modern (typeface), a raster font packaged with Windows XP * Another name for the typeface classification known as Didone (typography) * Modern, a generic font family name for fixed-pitch serif and sans serif fonts (f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of East Timor
The economy of East Timor is a low-income economy as ranked by the World Bank. It is placed 133rd on the Human Development Index, indicating a medium level of human development. 20% of the population is unemployed,East Timor ''''. . and 52.9% live on less than $1.25 a day. About half of the population is |
Currencies Of East Timor
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound Sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$)) 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] |
US Dollar
The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, its equi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indonesian Invasion Of East Timor
The Indonesian invasion of East Timor, known in Indonesia as Operation Lotus ( id, Operasi Seroja), began on 7 December 1975 when the Indonesian National Armed Forces, Indonesian military (ABRI/TNI) invaded East Timor under the pretext of anti-colonialism and anti-communism to overthrow the Fretilin regime Carnation Revolution, that had emerged in 1974. The overthrow of the popular and briefly Fretilin-led government sparked a violent Indonesian occupation of East Timor, quarter-century occupation in which approximately 100,000–180,000 soldiers and civilians are estimated to have been killed or starved to death. The Commission for Reception, Truth and Reconciliation in East Timor documented a minimum estimate of 102,000 conflict-related deaths in East Timor throughout the entire period 1974 to 1999, including 18,600 violent killings and 84,200 deaths from disease and starvation; Indonesian forces and their auxiliaries combined were responsible for 70% of the killings. During th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Portuguese Timor Escudo
The escudo was the currency of Portuguese Timor between 1959 and 1976. It replaced the pataca at a rate of 5.6 escudos = 1 pataca and was equivalent to the Portuguese escudo. It was replaced by the Indonesian rupiah at an unknown exchange rate following East Timor's occupation by Indonesia. The escudo was subdivided into 100 ''centavos''. East Timor (formerly Portuguese Timor) now uses the United States dollar banknotes and has its own coins in circulation. Coins The first coins issued, dated 1958, were in denominations of 10, 30 and 60 centavos, 1, 3 and 6 escudos. The unusual denominations (see also the banknotes, below) may have been due to the exchange rate from the previous currency. The 10 and 30 centavos were struck in bronze, the 60 centavos and 1 escudo in cupro-nickel, and the 3 and 6 escudos in silver. In 1964, a silver 10 escudos was introduced, followed, in 1970, by more conventional denominations of 20 and 50 centavos, 1, , 5 and 10 escudos. The 20 and 50 centav ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Portuguese Escudo
The Portuguese escudo was the currency of Portugal from May 22nd 1911 until the introduction of the euro on January 1st 2002. The escudo was subdivided into 100 . The word derives from the scutum shield. Amounts in escudos were written as with the as the decimal separator (for example: means , means ). Because of the conversion rate of 1,000 = , three decimal places were initially used ( = ). History The currency replaced by the escudo in 1911 was denominated in Portuguese reals (plural: ) and worth 1,000 . The was equivalent to 2.0539 grams fine gold from 1688 to 1800, and 1.62585 g from 1854 to 1891. Gold worth 1.6 (or ; not to be confused with the 20th-century currency) were issued from 1722 to 1800 in denominations of , 1, 2, 4 and 8 . The escudo (gold) was again introduced on 22 May 1911, after the 1910 Republican revolution, to replace the real at the rate of 1,000 to 1 . The term (thousand ) remained a colloquial synonym of up to the 1990s. One million w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold Exchange Standard
A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold. The gold standard was the basis for the international monetary system from the 1870s to the early 1920s, and from the late 1920s to 1932 as well as from 1944 until 1971 when the United States unilaterally terminated convertibility of the US dollar to gold, effectively ending the Bretton Woods system. Many states nonetheless hold substantial gold reserves. Historically, the silver standard and bimetallism have been more common than the gold standard. The shift to an international monetary system based on a gold standard reflected accident, network externalities, and path dependence. Great Britain accidentally adopted a ''de facto'' gold standard in 1717 when Sir Isaac Newton, then-master of the Royal Mint, set the exchange rate of silver to gold too low, thus causing silver coins to go out of circulation. As Great Britain became the world's leading financial ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Straits Dollar
The Straits dollar was the currency of the Straits Settlements from 1898 until 1939. At the same time, it was also used in the Federated Malay States, the Unfederated Malay States, Kingdom of Sarawak, Brunei, and British North Borneo. History In the early nineteenth century, the most common currency used in the East Indies was the Spanish dollar, including issues both from Spain and from the new world Spanish colonies, which for the East Indies emanated from the Philippines in the Spanish East Indies originating from Mexico and Peru as part of the Spanish colonial empire. Locally issued coinages included the Kelantan and Trengganu keping, and the Penang dollar. In 1826, the Indian rupee was made the sole official currency in the Straits Settlements, as it was administered as part of India. However, the Indian Rupee was unsuitable for trade and Spanish dollars continued to be used for trade. 1844 saw the authorization of copper coinage for the Straits Settlements using a syste ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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