Tumin (currency)
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Tumin (currency)
Túmin is an alternative currency used in the municipality of Espinal, Veracruz, Mexico. Its name means "money" in the Totonac language. (Note that this word in Totonac is borrowed from the old Spanish coin the "tomín" ww.rae.es. Espinal is a municipality of some 2600 inhabitants, 19% of whom are indigenous Totonac people. Used as a complementary currency, the Tumin was first put in circulation in 2010 as a student project at the Intercultural University of Veracruz, where students were trying to find ways of strengthening the local economy. In Espinal the access to cash is scarce as most people work for the minimum wage. The project creators analyzed the economy of the area and concluded that there were sufficient goods and demand, but that a medium of exchange was lacking. The creators designed bills and started promoting its use as a kind of exchange coupon among locals in Espinal, in order to support a barter economy. The bills are decorated with the likenesses of Emiliano Zapa ...
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Alternative 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 ...
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Veracruz
Veracruz (), formally Veracruz de Ignacio de la Llave (), officially the Free and Sovereign State of Veracruz de Ignacio de la Llave ( es, Estado Libre y Soberano de Veracruz de Ignacio de la Llave), is one of the 31 states which, along with Mexico City, comprise the 32 Federal Entities of Mexico. It is located in eastern Mexico and is bordered by seven states, which are Tamaulipas, San Luis Potosí, Hidalgo, Puebla, Oaxaca, Chiapas, and Tabasco. Veracruz is divided into 212 municipalities, and its capital city is Xalapa-Enríquez. Veracruz has a significant share of the coastline of the Gulf of Mexico on the east of the state. The state is noted for its mixed ethnic and indigenous populations. Its cuisine reflects the many cultural influences that have come through the state because of the importance of the port of Veracruz. In addition to the capital city, the state's largest cities include Veracruz, Coatzacoalcos, Córdoba, Minatitlán, Poza Rica, Boca Del Río and Or ...
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Mexico
Mexico (Spanish: México), officially the United Mexican States, is a country in the southern portion of North America. It is bordered to the north by the United States; to the south and west by the Pacific Ocean; to the southeast by Guatemala, Belize, and the Caribbean Sea; and to the east by the Gulf of Mexico. Mexico covers ,Mexico
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making it the world's 13th-largest country by are ...
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Totonac Language
Totonac is a Totonacan language cluster of Mexico, spoken across a number of central Mexican states by the Totonac people. It is a Mesoamerican language and shows many of the traits which define the Mesoamerican Linguistic Area. Along with some 62 other indigenous languages, it is recognised as an official language of Mexico, though as a single language. History The Totonac people are an indigenous group native to Totonacapan along the Gulf of Mexico. The Gulf of Mexico stretches from the Texan border to the Yucatán Peninsula. It includes the greatest topographic diversity in the country and contains a great variety of ecozones as well as microhabitats. The Totonac people share their territory with the Nahua, Otomí, and Tepehua (not to be confused with the Tepehuano language), all of which have communities within the region. Totonacapan is located in east central Mexico between present day Puebla and Veracruz. The people of Totonac have migrated to various cities such as ...
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Totonac People
The Totonac are an indigenous people of Mexico who reside in the states of Veracruz, Puebla, and Hidalgo. They are one of the possible builders of the pre-Columbian city of El Tajín, and further maintained quarters in Teotihuacán (a city which they claim to have built). Until the mid-19th century they were the world's main producers of vanilla. Etymology The term "totonac" refers to the people living in Totonacapan. There is no agreement as to the origin of the term. Some authors have translated the term "totonac" as a Nahuatl word meaning "People of Hot Land". The translation for this word in the Totonac Language, according to sources, is "toto-nacu" meaning "three hearts" signifying their three cities or cultural centers: Cempoala, Tajin and Teayo. Evidence, however, is inconclusive. Geography and traditional lifestyle In the 15th century, the Aztecs labeled the region of the Totonac "Totonacapan"; which then extended roughly from Papantla in the north to Cempoala in ...
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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 ...
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Emiliano Zapata
Emiliano Zapata Salazar (; August 8, 1879 – April 10, 1919) was a Mexican revolutionary. He was a leading figure in the Mexican Revolution of 1910–1920, the main leader of the people's revolution in the Mexican state of Morelos, and the inspiration of the agrarian movement called ''Zapatismo''. Zapata was born in the rural village of Anenecuilco in Morelos, in an era when peasant communities came under increasing repression from the small-landowning class who monopolized land and water resources for sugarcane production with the support of dictator Porfirio Díaz (President from 1877 to 1880 and 1884 to 1911). Zapata early on participated in political movements against Díaz and the landowning '' hacendados'', and when the Revolution broke out in 1910 he became a leader of the peasant revolt in Morelos. Cooperating with a number of other peasant leaders, he formed the Liberation Army of the South, of which he soon became the undisputed leader. Zapata's forces contributed to ...
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Diego Rivera
Diego María de la Concepción Juan Nepomuceno Estanislao de la Rivera y Barrientos Acosta y Rodríguez, known as Diego Rivera (; December 8, 1886 – November 24, 1957), was a prominent Mexican painter. His large frescoes helped establish the mural movement in Mexican and international art. Between 1922 and 1953, Rivera painted murals in, among other places, Mexico City, Chapingo, and Cuernavaca, Mexico; and San Francisco, Detroit, and New York City, United States. In 1931, a retrospective exhibition of his works was held at the Museum of Modern Art in New York; this was before he completed his 27-mural series known as ''Detroit Industry Murals''. Rivera had four wives and numerous children, including at least one natural daughter. His first child and only son died at the age of two. His third wife was fellow Mexican artist Frida Kahlo, with whom he had a volatile relationship that continued until her death. His fourth and final wife was his agent. Due to his importance ...
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Grupo Financiero Banamex
Grupo Financiero Banamex S.A. de C.V. has its origins and is the owner of the Banco Nacional de México or Citibanamex (formerly Banamex). It is the second-largest bank in Mexico. The Banamex Financial Group was purchased by Citigroup in August 2001 for $12.5 billion USD. It continues to operate as a Citigroup subsidiary. History Banamex was formed on 2 June 1884 from the merger of two banks, Banco Nacional Mexicano and Banco Mercantil Mexicano, which had operated since the beginning of 1882. The newly founded bank had branches in Mérida, Veracruz, Puebla, Guanajuato and San Luis Potosí, and opened a branch in Guadalajara. After the start of World War I, the French managers of the bank left Mexico. After 10 years, Agustín Legorreta Ramírez who served as acting president managed to revive the bank. Following its reorganization, the bank collaborated with Banco de Mexico and US government officials. By 1937, 36 out of 50 bank branches in Mexico were owned by Banamex. Banamex ...
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Mexican Peso
The Mexican peso (Currency symbol, symbol: $; ISO 4217, code: MXN) is the currency of Mexico. Modern peso and dollar currencies have a common origin in the 16th–19th century Spanish dollar, most continuing to use dollar sign, its sign, "$". The current ISO 4217 code for the peso is ''MXN''; prior to the #Nuevo peso, 1993 revaluation, the code ''MXP'' was used. The peso is subdivided into 100 , represented by "cent sign, ¢". The Mexican peso is the 15th most traded currency in the world, the third most traded currency from the Americas (after the United States dollar and Canadian dollar), and the most traded currency from Latin America. , the peso's exchange rate was $20.50 per euro, $19.80 per U.S. dollar, and $15.50 per Canadian dollar. History Etymology The name was first used in reference to ('gold weights') or ('silver weights'). The Spanish word means 'weight'. Compare the British pound sterling. Other countries that use are Argentine peso, Argentina, Chilean pes ...
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Alternative Currencies
A complementary currency is a currency or medium of exchange that is not necessarily a national currency, but that is thought of as supplementing or complementing national currencies. Complementary currencies are usually not legal tender and their use is based on agreement between the parties exchanging the currency. According to Jérôme Blanc of Laboratoire d'Économie de la Firme et des Institutions, complementary currencies aim to protect, stimulate or orientate the economy. They may also be used to advance particular social, environmental, or political goals. When speaking about complementary currencies, a number of overlapping and often interchangeable terms are in use: local or community currencies are complementary currencies used within a locality or other form of community (such as business-based or online communities); regional currencies are similar to local currencies, but are used within a larger geographical region; and sectoral currencies are complementary curren ...
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Currencies Of Mexico
A currency, "in circulation", from la, Wikt:currens, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or currency in circulation, circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, Pound sterling, the British Pound Sterling (£), euros (€), Japanese yen (¥), and United States dollar, U.S. dollars (US$)) are examples of (government-issued) fiat currencies. Currencies may act as store of value , 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 uni ...
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