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Security Printing And Minting Organization
Security Printing and Minting Organization (SPMO; fa, سازمان تولید اسکناس و مسکوک, sāzmān-e towlid-e eskenās va maskuk, lit=Bills and Coins Production Organization) is a subsidiary of the Central Bank of Iran responsible for design, production and elimination of banknotes and coinage in Iran under the exclusive authority. Founded in 1877 as the sole national mint (''zarrabḵana'') of Iran, it replaced multiple provincial mints. It was constructed at the place of a former cotton factory in northern Tehran, and used French machinery while the original building was built by the Belgians. Senior Münze Österreich official, Franz Pechan von Prägenberg, contributed to technically operate the mint. In 1931, Germans provided the mint with new machinery. Iranian banknotes were not printed by the organization until 1982; instead they were outsourced abroad to Bradbury Wilkinson and Company, Waterlow and Sons, American Bank Notes Co and De La Rue. Koenig & Baue ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State-owned Enterprise
A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (economics), profit for the Government, government, control monopoly of the Private sector, private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of Profit (economics), financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Austrian Mint
The Austrian Mint (german: Münze Österreich) is located in Vienna and is responsible for minting Austrian coins. Since 1989 it has been a public limited company (''Aktiengesellschaft'') and a subsidiary of Austria's central bank Oesterreichische Nationalbank, which also has its headquarters in Vienna. The Austrian Mint carries out both the design and stamping of the coins it produces. Until 2002 it was only responsible for minting the coins of the Austrian schilling; since then it has been responsible for producing the Austrian euro coins. The mint also produces other coins, such as gold bullion coins, as well as commemorative issues: the Vienna Philharmonic coins and the Maria Theresa thaler are produced by the Austrian mint, for example. The mint also supplies circulation coins and blanks to many other countries across the world. History In 1194, Duke Leopold V of Austria was paid 15 tonnes of silver by Richard the Lionheart. On his way back from the crusades Richard had ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1877 Establishments In Iran
Events January–March * January 1 – Queen Victoria is proclaimed ''Empress of India'' by the ''Royal Titles Act 1876'', introduced by Benjamin Disraeli, the Prime Minister of the United Kingdom . * January 8 – Great Sioux War of 1876 – Battle of Wolf Mountain: Crazy Horse and his warriors fight their last battle with the United States Cavalry in Montana. * January 20 – The Conference of Constantinople ends, with Ottoman Turkey rejecting proposals of internal reform and Balkan provisions. * January 29 – The Satsuma Rebellion, a revolt of disaffected samurai in Japan, breaks out against the new imperial government; it lasts until September, when it is crushed by a professionally led army of draftees. * February 17 – Major General Charles George Gordon of the British Army is appointed Governor-General of the Sudan. * March – ''The Nineteenth Century'' magazine is founded in London. * March 2 – Compromise of 1877: The 1876 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bullion Dealers
Bullion is non-ferrous metal that has been refined to a high standard of elemental purity. The term is ordinarily applied to bulk metal used in the production of coins and especially to precious metals such as gold and silver. It comes from the Anglo-Norman term for a melting-house where metal was refined, and earlier from French , "boiling". Although precious metal bullion is no longer used to make coins for general circulation, it continues to be held as an investment with a reputation for stability in periods of economic uncertainty. To assess the purity of gold bullion, the centuries-old technique of fire assay is still employed, together with modern spectroscopic instrumentation, to accurately determine its quality. As investment The specifications of bullion are often regulated by market bodies or legislation. In the European Union, the minimum purity for gold to be referred to as "bullion", which is treated as investment gold with regard to taxation, is 99.5% for gold ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mints (currency)
A mint or breath mint is a food item often consumed as an after-meal refreshment or before business and social engagements to improve breath odor. Mints are commonly believed to soothe the stomach given their association with natural byproducts of the plant genus ''Mentha''. Mints sometimes contain derivatives from plants such as peppermint oil or spearmint oil, or wintergreen from the plant genus ''Gaultheria''. However, many of the most popular mints citing these natural sources contain none in their ingredient list or contain only trace amounts. History The production of mints as a discrete food item can be traced back to the 18th century with the invention of Altoids. The popularity of mints took off in the early 20th century, with the advent of mass urbanization and mass marketing. Advertising for mints focused on their convenience, and on the socially isolating effects of bad breath. These advertisements targeted young people generally, and young women particularly. Mints ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banknote Printing Companies
A banknote—also called a bill (North American English), paper money, or simply a note—is a type of negotiable promissory note, made by a bank or other licensed authority, payable to the bearer on demand. Banknotes were originally issued by commercial banks, which were legally required to redeem the notes for legal tender (usually gold or silver coin) when presented to the chief cashier of the originating bank. These commercial banknotes only traded at face value in the market served by the issuing bank. Commercial banknotes have primarily been replaced by national banknotes issued by central banks or monetary authorities. National banknotes are often – but not always – legal tender, meaning that courts of law are required to recognize them as satisfactory payment of money debts. Historically, banks sought to ensure that they could always pay customers in coins when they presented banknotes for payment. This practice of "backing" notes with something of substance is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Koenig & Bauer
Koenig & Bauer AG (; ) is a German company that makes printing presses based in Würzburg. It was founded by Friedrich Koenig and Andreas Friedrich Bauer in Würzburg in 1817, making it the oldest printing press manufacturer in the world still in service. 95% of the banknotes used in the world are printed on printers made by Koenig & Bauer Banknote Solutions SA, a division of Koenig & Bauer. History Founded in 1817, by the 20th century Koenig and Bauer had become a major company and the world's leading manufacturer of security printing equipment. In 1951, the firm began to suffer from the age of the designs of the machines it was selling, some of which dated from the early 1920s, and its chairman, Hans Bolza, faced up to the need to come to terms with Gualtiero Giori, an Italian printer and inventor with a company in Lausanne who had made great advances in intaglio printing. Bolza established an immediate rapport with Giori, and the deal they signed in 1952 led to a long-te ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
De La Rue
De La Rue plc (, ) is a British company headquartered in Basingstoke, England, that designs and produces banknotes, secure polymer substrate and banknote security features (including security holograms, security threads and security printed products) for central banks and currency issuing authorities. It is listed on the London Stock Exchange. History The company was founded by Thomas de la Rue, who moved from Guernsey to London in 1821 and set up in business as a 'Leghorn' straw hat maker, then as a stationer and printer. In 1831 he secured his business a Royal Warrant to produce playing cards. In 1855 it started printing postage stamps and in 1860 banknotes. The company's first banknotes were made for Mauritius. In 1896, the family partnership was converted into a private company. In 1921, the de la Rue family sold their interests. The company was first listed on the London Stock Exchange in 1947. Then called ''Thomas De La Rue & Company, Limited'', it changed its nam ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ABCorp (American Banknote Corporation)
ABCorp is an American corporation providing contract manufacturing and related services to the authentication, payment and secure access business sectors. Its history dates back to 1795 as a secure engraver and printer, and assisting the newly formed First Bank of the United States to design and produce more counterfeit resistant currency. The company has facilities in the United States, Canada, Australia, and New Zealand. The American Bank Note Company is a wholly owned subsidiary of ABCorp. Origins Robert Scot, the first official engraver of the young U.S. Mint, began the company that would eventually grow into a high security engraving and printing firm, the American Bank Note Company. Founded in 1795 as Murray, Draper, Fairman & Company after Scot's three partners, the company prospered as United States population expanded and financial institutions proliferated. Its products included stock and bond certificates, paper currency for the nation's thousands of state-chartere ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Waterlow And Sons
Waterlow and Sons Limited was a major worldwide engraver of currency, postage stamps, stocks and bond certificates based in London, Watford and Dunstable in England. The company was founded as a family business in 1810. It was acquired in 1961 by De La Rue. Early history Waterlow and Sons originated from the business of James Waterlow, who began producing lithographic copies of legal documents at Birchin Lane in London in 1810. The company gradually grew; it began printing stamps in 1852, and Waterlow's sons Alfred, Walter, Sydney and Albert joined the business. James Waterlow died in 1876, and the company became a limited-liability company. In 1877, due to a family dispute, the company split, and Alfred and his sons formed Waterlow Bros. & Layton. The two companies later reunited in 1920. In 1924, the company printed 1, 5 and 10 toman banknotes that bore the watermark of Lion and Sun for the first time. Portuguese banknote crisis Waterlow's, under the leader ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bradbury Wilkinson And Company
Bradbury Wilkinson & Co were an English engraver and printer of banknotes, postage stamps and share certificates. History The original company was established in the 1850s by Henry Bradbury and begun printing banknotes in 1856. Bradbury then died in 1860. In 1873–74, the firm built an imposing six-storey workshop, for engraving printing plates, in Holborn, London at 25 and 27 Farringdon Road, which is now a Grade II-listed building. The company printed the first series of the Imperial Bank of Persia banknotes that were issued in 1890. In 1903, the company was acquired by the American Bank Note Company. In 1917, it moved to New Malden in Surrey still operating as Bradbury-Wilkinson as a wholly owned subsidiary of ABNC. In 1983, Bradbury Wilkinson created a form of polymer banknote using Du Pont's Tyvek material; this was marketed as Bradvek and used to print 1-pound banknotes for the Isle of Man. In 1986 the company was acquired by De La Rue. The site is now occupied by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mint (facility)
A mint is an industrial facility which manufactures coins that can be used as currency. The history of mints correlates closely with the history of coins. In the beginning, hammered coinage or cast coinage were the chief means of coin minting, with resulting production runs numbering as little as the hundreds or thousands. In modern mints, coin dies are manufactured in large numbers and planchets are made into milled coins by the billions. With the mass production of currency, the production cost is weighed when minting coins. For example, it costs the United States Mint much less than 25 cents to make a quarter (a 25 cent coin), and the difference in production cost and face value (called seigniorage) helps fund the minting body. Conversely, a U.S. penny ($0.01) cost $0.015 to make in 2016. History The first minted coins The earliest metallic money did not consist of coins, but of unminted metal in the form of rings and other ornaments or of weapons, which were used for th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
