United Arab Emirates Dirham
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United Arab Emirates Dirham
The dirham (; ar, درهم إماراتي, abbreviation: د.إ in Arabic, Dh (singular) and Dhs (plural) or DH in Latin; ISO code: AED) is the official currency of the United Arab Emirates. The dirham is subdivided into 100 . History The name ''dirham'' is a loan from greek δραχμή (drakhmé). Due to centuries of trade and usage of the currency, ''dirham'' survived through the Ottoman Empire. Before 1966, all the emirates that now form the UAE used the Gulf rupee, which was pegged at parity to the Indian rupee. On 6 June 1966, India decided to devalue the Gulf rupee against the Indian rupee. Not accepting the devaluation, several of the states still using the Gulf rupee adopted their own or other currencies. All the Trucial States except Abu Dhabi adopted the Qatar and Dubai riyal, which was equal to the Gulf rupee prior to the devaluation. These emirates briefly adopted the Saudi riyal during the transition from the Gulf rupee to the Qatar and Dubai riyal. Abu Dhabi ...
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United States 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, it ...
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Pakistani Rupee
The Pakistani rupee ( ur, / ALA-LC: ; sign: Re (singular) and Rs (plural); ISO code: PKR) is the official currency of Pakistan since 1948. The coins and notes are issued and controlled by the central bank, namely State Bank of Pakistan. In Pakistani English, large values of rupees are counted in thousands; lakh (100,000); crore (ten-millions); Arab (billions); kharab (100 billion). Numbers are still grouped in thousands (123,456,789 rather than 12,34,56,789 as written in India) History The word ''rūpiya'' is derived from the Sanskrit word ''rūpya'', which means "wrought silver, a coin of silver", in origin an adjective meaning "shapely", with a more specific meaning of "stamped, impressed", whence "coin". It is` derived from the noun ''rūpa'' "shape, likeness, image". ''Rūpaya'' was used to denote the coin introduced by Sher Shah Suri during his reign from 1540 to 1545 CE. The Pakistani rupee was put into circulation in Pakistan after the dissolution of the ...
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Slug (coin)
A slug is a counterfeit coin that is used to make illegal purchases from a coin-operated device, such as a vending machine, payphone, parking meter, transit farebox, copy machine, coin laundry, gaming machine, or arcade game. By resembling various features of a genuine coin, including the weight, size, and shape, a slug is designed to trick the machine into accepting it as a real coin. Losses caused to vendors by slug usage may be the result of the loss of sales, the absence of revenue following the distribution of merchandise that was obtained at the vendor's expense, or the loss of cash that is distributed by the machine for overpayment with slugs. Honest customers may also suffer losses when change returned for overpayment is in the form of a slug rather than a genuine coin. Though slug usage is illegal in the United States and elsewhere, prosecution for slug usage is rare due to the low value of the theft and the difficulty in identifying the offender. Offenders in casi ...
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Philippine Peso
The Philippine peso, also referred to by its Tagalog name ''piso'' (Philippine English: , , plural pesos; tl, piso ; sign: ₱; code: PHP), is the official currency of the Philippines. It is subdivided into 100 ''sentimo'', also called centavos. The Philippine peso sign is denoted by the symbol "₱", introduced under American rule in place of the original peso sign "$" used throughout Spanish America. Alternative symbols used are "PHP", "PhP", "Php", or just "P". The monetary policy of the Philippines is conducted by the Bangko Sentral ng Pilipinas (BSP), established on July 3, 1993, as its central bank. It produces the country's banknotes and coins at its Security Plant Complex, which is set to move to New Clark City in Capas, Tarlac."Overview of the BSP"
Bangko Sentral ng Pilipinas (BSP) Official Website. Retrieved on October 1, ...
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Dallah (coffee Pot)
A dallah ( ar, دَلَّة) is a traditional Arabic coffee pot used for centuries to brew and serve Qahwa (gahwa), an Arabic coffee or Gulf coffee made through a multi-step ritual, and Khaleeji, a spicy, bitter coffee traditionally served during feasts like Eid al-Fitr. It is commonly used in the coffee tradition of the Arabian peninsula and of the Bedouins. Old Bedouins used the ritual of coffee preparation, serving and drinking as a sign of hospitality, generosity and wealth. In much of the Middle East, it is still connected to socializing with friends, family and business partners, so it is typically present in the main rites of passage, such as births, marriages and funerals and some business meetings. Dallah has a distinctive form, featuring a bulbous body that tapers to a "waistline" in the middle and flares out at the top, covered by a spire-shaped lid topped with a tall finial and held by a sinuous handle. The most distinctive feature is a long spout with a crescent-sh ...
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Drilling Rig
A drilling rig is an integrated system that drills wells, such as oil or water wells, or holes for piling and other construction purposes, into the earth's subsurface. Drilling rigs can be massive structures housing equipment used to drill water wells, oil wells, or natural gas extraction wells, or they can be small enough to be moved manually by one person and such are called augers. Drilling rigs can sample subsurface mineral deposits, test rock, soil and groundwater physical properties, and also can be used to install sub-surface fabrications, such as underground utilities, instrumentation, tunnels or wells. Drilling rigs can be mobile equipment mounted on trucks, tracks or trailers, or more permanent land or marine-based structures (such as oil platforms, commonly called 'offshore oil rigs' even if they don't contain a drilling rig). The term "rig" therefore generally refers to the complex equipment that is used to penetrate the surface of the Earth's crust. Small to medi ...
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Gregorian Calendar
The Gregorian calendar is the calendar used in most parts of the world. It was introduced in October 1582 by Pope Gregory XIII as a modification of, and replacement for, the Julian calendar. The principal change was to space leap years differently so as to make the average calendar year 365.2425 days long, more closely approximating the 365.2422-day 'tropical' or 'solar' year that is determined by the Earth's revolution around the Sun. The rule for leap years is: There were two reasons to establish the Gregorian calendar. First, the Julian calendar assumed incorrectly that the average solar year is exactly 365.25 days long, an overestimate of a little under one day per century, and thus has a leap year every four years without exception. The Gregorian reform shortened the average (calendar) year by 0.0075 days to stop the drift of the calendar with respect to the equinoxes.See Wikisource English translation of the (Latin) 1582 papal bull '' Inter gravissimas''. Second, ...
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Lunar Hijri Calendar
The Hijri calendar ( ar, ٱلتَّقْوِيم ٱلْهِجْرِيّ, translit=al-taqwīm al-hijrī), also known in English as the Muslim calendar and Islamic calendar, is a lunar calendar consisting of 12 lunar months in a year of 354 or 355 days. It is used to determine the proper days of Islamic holidays and rituals, such as the annual fasting and the annual season for the great pilgrimage. In almost all countries where the predominant religion is Islam, the civil calendar is the Gregorian calendar, with Syriac month-names used in the Levant and Mesopotamia (Iraq, Syria, Jordan, Lebanon and Palestine) but the religious calendar is the Hijri one. This calendar enumerates the Hijri era, whose epoch was established as the Islamic New Year in 622 CE. During that year, Muhammad and his followers migrated from Mecca to Medina and established the first Muslim community (''ummah''), an event commemorated as the Hijrah. In the West, dates in this era are usually denoted AH ...
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Commemorative Coins Of The United Arab Emirates Dirham
Since 1900s, the Central Bank of the United Arab Emirates has minted several commemorative coins. These coins celebrate events, personalities, and rulers of the UAE. References Central Bank of the United Arab EmiratesCommemorative Coin CollectioTime Out Abu DhabiNew dirham coin in UAE {{Portal bar, Money, Numismatics, United Arab Emirates United Arab E Economy of the United Arab Emirates ...
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Commemorative Coin
Commemorative coins are coins issued to commemorate some particular event or issue with a distinct design with reference to the occasion on which they were issued. Many coins of this category serve as collectors items only, although some countries also issue commemorative coins for regular circulation. Subcategories Commemorative coins can be seen as being of one of three types: *'' Regular issue coinage'' are the normal coins intended to be used in commerce every day and are typically issued with the same design for several years, e.g. euro coins. *''Circulating commemoratives'' are intended to be used for commerce, but the design will only be issued for a limited time to commemorate an event, anniversary, person or location, among other items. Examples include the €2 commemorative coins and U.S. 50 State Quarters. *''Non-circulating legal tender (NCLT)'' are coins which are legal tender, and thus can in theory be used to purchase goods or services, but are not intended to b ...
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Currency Board Of The United Arab Emirates
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 " ...
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