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Fábrica De Moneda
The Fábrica de Moneda (Spanish for Coin Factory) is the national mint of Colombia responsible for producing coinage to conduct commerce and trade. The mint is located in the city of Ibagué and it's wholly owned and managed by the Bank of the Republic, the nation's central bank. History By 1980, the Casa de Moneda de Bogotá imported planchets, or blanks, into the country at an annual cost of over USD 11 million. For that reason, Luis Guillermo Correa, the then director of the mint in Bogotá proposed for the central bank to acquire the necessary technology for the planchets to be produced in Colombia. The bank determined that it was a good financial decision, and in 1982 the Fábrica de Moneda de Ibagué was established. With the bank's decentralization policy to move away production from the nation's capital, and its proximity to other urban centers, the city of Ibagué was chosen as the location of the mint. From its establishment, the mint provided planchets to the Casa d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Picaleña (Ibagué)
Picaleña is an area of the city of Ibagué, Colombia, about 10 kilometres from the city centre where the Tolima Museum of the Plastic Arts (''Museo de Artes Plasticas del Tolima'') is located. It is one of the largest residential areas of the city. History Soon after the city's founding on June 25, 1550 by Andrés López de Galarza y Francisco de Trejo at the present site of the town of Cajamarca, the city was moved 100 mi away to its current location due to constant attacks from the indigenous Pijao people, who were the native inhabitants of the region. This was the situation until the Pijao were exterminated during the Spanish conquest to secure the gold routes to the Magdalena river. In 1650, the rapid expansion of Ibagué, at that time a small community of about 5000 people, forced the Spanish administration to allocate more land to incoming people from Spain. The solution was to clear open grassland to build a residential area that could not only be settled by the poor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank
A central bank, reserve bank, national bank, or monetary authority is an institution that manages the monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base. Many central banks also have supervisory or regulatory powers to ensure the stability of commercial banks in their jurisdiction, to prevent bank runs, and, in some cases, to enforce policies on financial consumer protection, and against bank fraud, money laundering, or terrorism financing. Central banks play a crucial role in macroeconomic forecasting, which is essential for guiding monetary policy decisions, especially during times of economic turbulence. Central banks in most developed nations are usually set up to be institutionally independent from political interference, even though governments typically have governance rights over them, legislative bodies exercise scrutiny, and central banks frequently do show resp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1982 Establishments In Colombia
__NOTOC__ Year 198 (CXCVIII) was a common year starting on Sunday of the Julian calendar. At the time, it was known as the Year of the Consulship of Sergius and Gallus (or, less frequently, year 951 ''Ab urbe condita''). The denomination 198 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire *January 28 **Publius Septimius Geta, son of Septimius Severus, receives the title of Caesar. **Caracalla, son of Septimius Severus, is given the title of Augustus. China *Winter – Battle of Xiapi: The allied armies led by Cao Cao and Liu Bei defeat Lü Bu; afterward Cao Cao has him executed. By topic Religion * Marcus I succeeds Olympianus as Patriarch of Constantinople (until 211). Births * Lu Kai, Chinese official and general (d. 269) * Quan Cong, Chinese general and advisor (d. 249) Deaths * Li Jue, Chinese warlord and regent * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Mints
Mints designed for the manufacture of coins have been commonplace since coined currency was first developed around 600 BC by the Lydian people of modern-day Turkey. The popularity of coins spread across the Mediterranean so that by the 6th century BC nearby regions of Athens, Aegina, Corinth and Persia had all developed their own coins. Methods used at mints to produce coins have changed as technology has developed, with early coins either being cast using moulds to produce cast coins or being struck between two dies to produce hammered coin. Around the middle of the 16th century machine-made milled coins were developed, allowing coins of a higher quality to be made. National currencies are generally minted by a country's central bank or on its behalf by an independent mint. For example, the coins of the New Zealand Dollar are minted jointly by the Royal Mint in the United Kingdom and the Royal Canadian Mint for the Reserve Bank of New Zealand. Also national mints are some ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Spain
The government of Spain () is the central government which leads the executive branch and the General State Administration of the Kingdom of Spain. The Government consists of the Prime Minister and the Ministers; the prime minister has the overall direction of the Ministers and can appoint or terminate their appointments freely. The ministers also belong to the supreme decision-making body, known as the Council of Ministers. The Government is responsible before the Parliament (), and more precisely before the Congress of the Deputies, a body which elects the Prime Minister or dismisses them through a motion of censure. This is because Spain is a parliamentary system established by the Constitution of 1978. Its fundamental regulation is placed in Title IV of the Constitution, as well as in Title V of that document, with respect to its relationship with the , and in Law 50/1997, of 27 November, of the Government. According to Article 97 of the Constitution and Article 1.1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of Chile
The Central Bank of Chile () is the central bank of Chile. It was established in 1925 and is incorporated into the current Chilean Constitution as an autonomous institution of constitutional rank. Its monetary policy is currently guided by an inflation targeting regime. History Starting in the mid-19th century, private banks started to thrive in Chile, spurring growing concerns over the control of payment methods and persistent inflation. To this end, the government hired a mission led by economics professor Edwin Kemmerer of Princeton University and based the nascent central bank's structure in one of the mission proposals. In August 1925, the Central Bank of Chile (CBoC) was created through Decree Law 486, which also established the bank's monopoly for issuing bank notes under a gold standard regime. A degree of independence to avoid capture by the public or private sectors was implicit in its ten-member board structure. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ecuador
Ecuador, officially the Republic of Ecuador, is a country in northwestern South America, bordered by Colombia on the north, Peru on the east and south, and the Pacific Ocean on the west. It also includes the Galápagos Province which contains the Galapagos Islands in the Pacific, about west of the mainland. The country's Capital city, capital is Quito and its largest city is Guayaquil. The land that comprises modern-day Ecuador was once home to several groups of Indigenous peoples in Ecuador, indigenous peoples that were gradually incorporated into the Inca Empire during the 15th century. The territory was Spanish colonization of the Americas, colonized by the Spanish Empire during the 16th century, achieving independence in 1820 as part of Gran Colombia, from which it emerged as a sovereign state in 1830. The legacy of both empires is reflected in Ecuador's ethnically diverse population, with most of its million people being mestizos, followed by large minorities of Europe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Costa Rica
Costa Rica, officially the Republic of Costa Rica, is a country in Central America. It borders Nicaragua to the north, the Caribbean Sea to the northeast, Panama to the southeast, and the Pacific Ocean to the southwest, as well as Maritime boundary, maritime border with Ecuador to the south of Cocos Island. It has a population of around five million in a land area of nearly . An estimated people live in the capital and largest city, San José, Costa Rica, San José, with around two million people in the surrounding metropolitan area. The sovereign state is a Presidential system, presidential republic. It has a long-standing and stable Constitution of Costa Rica, constitutional democracy and a highly educated workforce. The country spends roughly 6.9% of its budget (2016) on education, compared to a global average of 4.4%. Its economy, once heavily dependent on agriculture, has diversified to include sectors such as finance, corporate services for foreign companies, pharmaceut ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Legal Tender
Legal tender is a form of money that Standard of deferred payment, courts of law are required to recognize as satisfactory payment in court for any monetary debt. Each jurisdiction determines what is legal tender, but essentially it is anything which, when offered ("tendered") in payment of a debt, extinguishes the debt. There is no obligation on the creditor to accept the tendered payment, but the act of tendering the payment in legal tender discharges the debt. It is generally only mandatory to recognize the payment of legal tender in the discharge of a monetary debt from a debtor to a creditor. Sellers offering to enter into contractual relationship, such as a contract for the sale of goods, do not need to accept legal tender and may instead contractually require payment using electronic methods, foreign currencies or any other legally recognized object of value. Coins and banknotes are usually defined as legal tender in many countries, but personal cheque, checks, credit c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coining (mint)
Minting, coining or coinage is the process of manufacturing coins using a kind of stamping, the process used in both hammered coinage and milled coinage. This "stamping" process is different from the method used in cast coinage. A coin die (archaically spelt dye) is one of the two metallic pieces that are used to strike a coin, one per each side of the coin. A die contains an inverse version of the image to be ''struck'' on the coin. ''Striking'' a coin refers to pressing an image into the blank metal disc, or planchet, and is a term descended from the days when the dies were struck with hammers to deform the metal into the image of the dies. Modern dies made out of hardened steel are capable of producing many hundreds of thousands of coins before they are retired and defaced. Scissel is the scrap produced in the punching of coin blanks from a continuous strip of metal. Ancient coin dies Prior to the modern era, coin dies were manufactured individually by hand by arti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Colombian Peso
The Colombian peso (currency sign, sign: $; ISO 4217, code: COP) is the currency of Colombia. Its ISO 4217 code is ''COP''. The official sign is $, with ''Col$''. also being used to distinguish it from other peso- and dollar-denominated currencies. One peso is divided into one hundred ''centavos''; however, because of high inflation in the 1970s and 1980s, Colombia ceased issuing centavo coins for circulation in 1984. It remains customary to write monetary amounts with centavos, although it is rare in daily lives and general contexts. The 50 peso coins are still legal tender, but due to its low value and circulation, most cash transactions are rounded to the nearest 100 pesos; while electronic transactions and banking statements are still processed to the centavo, centavos have practically no purchasing power. Outside Colombia, the currency sees widespread acceptance and daily use in the Venezuelan border state of Táchira. History Colombia used ''Spanish colonial real'' until ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Decentralization
Decentralization or decentralisation is the process by which the activities of an organization, particularly those related to planning and decision-making, are distributed or delegated away from a central, authoritative location or group and given to smaller factions within it. Concepts of decentralization have been applied to group dynamics and management science in private businesses and organizations, political science, law and public administration, technology, economics and money. History The word "''centralisation''" came into use in France in 1794 as the post-French Revolution, Revolution French Directory leadership created a new government structure. The word "''décentralisation''" came into usage in the 1820s. "Centralization" entered written English in the first third of the 1800s; mentions of decentralization also first appear during those years. In the mid-1800s Alexis de Tocqueville, Tocqueville would write that the French Revolution began with "a push towards ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
