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Somalo
The Somalo (plural: Somali, صومالي) was the currency of the Trust Territory of Somaliland administered by Italy between 1950 and 1960. The "Somalo" remained officially in use in the newly created Somali Republic until 1962. It was subdivided into 100 ''centesimi'' (singular: ''centesimo''). History The "Somalo" was authorized by Trusteeship Administration Ordinance No. 14 of 16 May 1950. A currency exchange was scheduled to last from 16 May until 22 July, but was eventually extended until 22 August. The somalo replaced the East African shilling at par and remained equal to it. It replaced the small amount of Italian lire in circulation at 1 Somalo = IT₤87.49. It was given an IMF parity of 124.414 mg fine gold, equal to one shilling sterling. Internationally, this currency became known as the Somali shilling when Somalia became independent on 1 July 1960. The Somalo/shilling was replaced at par on 15 December 1962 (along with the East African shilling circulat ...
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Trust Territory Of Somaliland
The Trust Territory of Somaliland, officially the "Trust Territory of Somaliland under Italian administration" ( it, Amministrazione fiduciaria italiana della Somalia), was a United Nations Trust Territory situated in present-day Somalia. Its capital was Mogadishu and was administered by Italy from 1950 to 1960, following the dissolution of the former British Military Administration. It gained independence in 1960. Background In 1941, Italian Somaliland was occupied by British and South African troops as part of the East African Campaign of World War II. The British continued to administer the area until 1 April 1950. On that date, Italian Somaliland was made a Trust Territory, as stipulated by United Nations General Assembly Resolution 289 of 21 November 1949. This was the only case of a trusteeship being assigned to a defeated Second World War power. Indro Montanelli, a defender of Italian colonial rule, wrote in the late 1990s (when Somalia was devastated by civil war) tha ...
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Somali Shilling
The Somali shilling (sign: Sh.So.; so, shilin; ar, شلن; it, scellino; ISO 4217: SOS) is the official currency of Somalia. It is subdivided into 100 ''senti'' (Somali, also ), ''cents'' (English) or (Italian). Overview Early history The shilling has been the currency of parts of Somalia since 1921, when the East African shilling was introduced to the former British Somaliland protectorate. Following the 1960 independence and unification of the former territories of British Somaliland and Italian Somaliland, their respective currencies, the East African shilling and somalo (which were equal in value) were replaced at par in 1962 by the Somali shilling. Names used for its denominations were cent (singular: centesimo; plural: centesimi) and سنت (plural: سنتيمات), along with shilling (singular: scellino; plural: scellini) and شلن. Banknotes On 15 October 1962, the Banca Nazionale Somala (National Bank of Somalia) issued notes denominated as 5, 10, 20 and 100 sce ...
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Italian Language In Somalia
Italian Somalis ( it, Italo-Somali) are Somali descendants from Italian colonists, as well as long-term Italian residents in Somalia. History In 1892, the Italian explorer Luigi Robecchi Bricchetti for the first time labeled as ''Somalia'' the region in the Horn of Africa referred to as '' Benadir''. The area was at the time under the joint control of the Somali Geledi Sultanate (who, also holding sway over the Shebelle region in the interior, was at the height of its power) and the Omani Sultan of Zanzibar. Italian Somaliland In April 1905, the Italian government acquired control (from a private Italian company called ''SACI'') of this coastal area around Mogadishu, and created the colony of Italian Somaliland. From the outset, the Italians signed protectorate agreements with the local Somali authorities.Mariam Arif Gassem, ''Somalia: clan vs. nation'', (s.n.: 2002), p.4 In doing this, the Kingdom of Italy was spared bloody rebellions like those launched by the Dervish kin ...
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Italy
Italy ( it, Italia ), officially the Italian Republic, ) or the Republic of Italy, is a country in Southern Europe. It is located in the middle of the Mediterranean Sea, and its territory largely coincides with the homonymous geographical region. Italy is also considered part of Western Europe, and shares land borders with France, Switzerland, Austria, Slovenia and the enclaved microstates of Vatican City and San Marino. It has a territorial exclave in Switzerland, Campione. Italy covers an area of , with a population of over 60 million. It is the third-most populous member state of the European Union, the sixth-most populous country in Europe, and the tenth-largest country in the continent by land area. Italy's capital and largest city is Rome. Italy was the native place of many civilizations such as the Italic peoples and the Etruscans, while due to its central geographic location in Southern Europe and the Mediterranean, the country has also historically been home ...
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Somali Republic
The Somali Republic ( so, Jamhuuriyadda Soomaaliyeed; it, Repubblica Somala; ar, الجمهورية الصومالية, Jumhūriyyat aṣ-Ṣūmālīyyah) was a sovereign state composed of Somalia and Somaliland, following the unification of the Trust Territory of Somaliland (the former Italian Somalia) and the State of Somaliland (the former British Somaliland). A government was formed by Abdullahi Issa Mohamud and Muhammad Haji Ibrahim Egal and other members of the trusteeship and protectorate administrations, with Haji Bashir Ismail Yusuf as President of the Somali National Assembly and Aden Abdullah Osman Daar as President of the Somali Republic. On 22 July 1960, Daar appointed Abdirashid Ali Shermarke as Prime Minister. On 20 July 1961 and through a popular referendum, Somalia ratified a new constitution, which was first drafted in 1960. The new constitution was rejected by Somaliland. The administration lasted until 1969, when the Supreme Revolutionary Council (SRC ...
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Centesimo
''Centesimo'' (plural centesimi) is the Italian word for " cent", derived from the Latin ''centesimus'' meaning "hundredth". In Italy it was the division of the Italian lira. Currencies that have centesimo as subunits include: Circulating * Swiss franc (in Italian, see Rappen) * Euro cent (in Italian, see Cent (currency)) Obsolete * Italian lira * Papal lira * Parman lira * Sammarinese lira * Sardinian lira * Vatican lira The lira (plural ''lire''; abbreviation: VAL) was the currency of the Vatican City between 1929 and 2002. It was not a separate currency but an issue of the Italian lira; the Banca d'Italia produced coins specifically for Vatican City. History ... References Coins of Italy {{Money-unit-stub ...
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Bretton Woods System
The Bretton Woods system of monetary management established the rules for commercial and financial relations among the United States, Canada, Western European countries, Australia, and Japan after the 1944 Bretton Woods Agreement. The Bretton Woods system was the first example of a fully negotiated monetary order intended to govern monetary relations among independent states. The Bretton Woods system required countries to guarantee convertibility of their currencies into U.S. dollars to within 1% of fixed parity rates, with the dollar convertible to gold bullion for foreign governments and central banks at US$35 per troy ounce of fine gold (or 0.88867 gram fine gold per dollar). It also envisioned greater cooperation among countries in order to prevent future competitive devaluations, and thus established the International Monetary Fund (IMF) to monitor exchange rates and lend reserve currencies to nations with balance of payments deficits. Preparing to rebuild the interna ...
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British Somaliland
British Somaliland, officially the Somaliland Protectorate ( so, Dhulka Maxmiyada Soomaalida ee Biritishka), was a British Empire, British protectorate in present-day Somaliland. During its existence, the territory was bordered by Italian Somalia, French Somali Coast and Ethiopian Empire, Abyssinia (temporarily Italian Ethiopia). From 1940 to 1941, it was occupied by the Kingdom of Italy, Italians and was part of Italian East Africa. On 26 June 1960, British Somaliland declared independence as the State of Somaliland. Five days later, on 1 July 1960, the State of Somaliland voluntarily political union, united with the Trust Territory of Somalia (the former Italian Somalia) to form the Somali Republic. The government of Somaliland, a self-declared sovereign state that is internationally Diplomatic recognition, recognised as an autonomous region of Somalia, regards itself as the successor state to British Somaliland. History Treaties and establishment In the late 19th centur ...
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Rome
, established_title = Founded , established_date = 753 BC , founder = King Romulus (legendary) , image_map = Map of comune of Rome (metropolitan city of Capital Rome, region Lazio, Italy).svg , map_caption = The territory of the ''comune'' (''Roma Capitale'', in red) inside the Metropolitan City of Rome (''Città Metropolitana di Roma'', in yellow). The white spot in the centre is Vatican City. , pushpin_map = Italy#Europe , pushpin_map_caption = Location within Italy##Location within Europe , pushpin_relief = yes , coordinates = , coor_pinpoint = , subdivision_type = Country , subdivision_name = Italy , subdivision_type2 = Region , subdivision_name2 = Lazio , subdivision_type3 = Metropolitan city , subdivision_name3 = Rome Capital , government_footnotes= , government_type = Strong Mayor–Council , leader_title2 = Legislature , leader_name2 = Capitoline Assemb ...
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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 ...
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