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IR£
The pound ( Irish: ) was the currency of Ireland until 2002. Its ISO 4217 code was IEP, and the symbol was £ (or £Ir for distinction.) The Irish pound was replaced by the euro on 1 January 1999. Euro currency did not begin circulation until the beginning of 2002. First pound The earliest Irish coinage was introduced in the late 10th century, with an £sd system of one pound divided into twenty shillings, each of twelve silver pence. Parity with sterling was established by King John around 1210, so that Irish silver could move freely into the English economy and help to finance his wars in France. However, from 1460, Irish coins were minted with a different silver content than those of England, so that the values of the two currencies diverged. During the Williamite War of 1689–1691, King James II, no longer reigning in England and Scotland, issued an emergency base-metal coinage known as gun money. In 1701, a proclamation stated one English shilling was equal to ...
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One Pound (Irish Coin)
The one pound (£1) () coin, worth one Irish pound, was used in Republic of Ireland, Ireland from 20 June 1990 until the formal adoption of euro currency in 2002. The last issue was minted in 2000. The coin was the largest Irish coin since decimalisation: its diameter was and it weighed . The coin was almost identical in dimensions to the Penny (Irish pre-decimal coin), old penny coin that circulated until 1971, and was similar in diameter to, but thinner than, the Half crown (Irish coin), half-crown coin. The edge was milled, and a dotted line ran along the edge of each face. Unlike some previous Irish coins, it was very different from its One pound (British coin), British equivalent, as the Irish pound separated from the British pound in 1979. The design on the obverse and reverse, reverse was of a red deer, by Irish artist Tom Ryan, based on photographs taken by Sean Ryan''The Wild Red Deer of Killarney'', Sean Ryan, of that species from the Irish national deer herd in Killarn ...
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Central Intelligence Agency
The Central Intelligence Agency (CIA; ) is a civilian foreign intelligence service of the federal government of the United States tasked with advancing national security through collecting and analyzing intelligence from around the world and conducting covert operations. The agency is headquartered in the George Bush Center for Intelligence in Langley, Virginia, and is sometimes metonymously called "Langley". A major member of the United States Intelligence Community (IC), the CIA has reported to the director of national intelligence since 2004, and is focused on providing intelligence for the president and the Cabinet. The CIA is headed by a director and is divided into various directorates, including a Directorate of Analysis and Directorate of Operations. Unlike the Federal Bureau of Investigation (FBI), the CIA has no law enforcement function and focuses on intelligence gathering overseas, with only limited domestic intelligence collection. The CIA is responsibl ...
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Fixed Exchange Rate System
A fixed exchange rate, often called a pegged exchange rate, is a type of exchange rate regime in which a currency's value is fixed or pegged by a monetary authority against the value of another currency, a basket of other currencies, or another measure of value, such as gold or silver. There are benefits and risks to using a fixed exchange rate system. A fixed exchange rate is typically used to stabilize the exchange rate of a currency by directly fixing its value in a predetermined ratio to a different, more stable, or more internationally prevalent currency (or currencies) to which the currency is pegged. In doing so, the exchange rate between the currency and its peg does not change based on market conditions, unlike in a floating (flexible) exchange regime. This makes trade and investments between the two currency areas easier and more predictable and is especially useful for small economies that borrow primarily in foreign currency and in which external trade forms a large ...
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Guinea (coin)
The guinea (; commonly abbreviated gn., or gns. in plural) was a coin, minted in Great Britain between 1663 and 1814, that contained approximately one-quarter of an ounce of gold. The name came from the Guinea region in West Africa, from where much of the gold used to make the coins was sourced. It was the first English machine-struck gold coin, originally representing a value of 20 shillings in sterling specie, equal to one pound, but rises in the price of gold relative to silver caused the value of the guinea to increase, at times to as high as thirty shillings. From 1717 to 1816, its value was officially fixed at twenty-one shillings. In the Great Recoinage of 1816, the guinea was demonetised and replaced by the gold sovereign. Following the Great Recoinage, the word "guinea" was retained as a colloquial or specialised term, even though the coins were no longer in use; the term ''guinea'' also survived as a unit of account in some fields. Notable usages included professio ...
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English Shilling
The English shilling was a silver coin of the Kingdom of England, when first introduced known as the testoon. A shilling was worth twelve pence, and there were 20 shillings to the pound sterling. The English shilling was introduced in the 16th century and remained in circulation until it became the British shilling as the result of the Union of England and Scotland to form the Kingdom of Great Britain in 1707. Name The word ''shilling'' comes from the Old English '' scilling'' (meaning to separate), an accounting term dating back to Anglo-Saxon times, to mean a 20th of a pound, although there was no specific coin of that value. A common misconception is that the word is a Norse loanword into English; however, it can be found in English laws many years before Norse incursions into Britain, for example the Law of Æthelberht, of Kent. History Testoon In the Kingdom of England, during the reign of Henry VII, the forerunner of the shilling, the testoon, was introduced. This co ...
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Gun Money
Gun money () was an issue of coins made by the forces of James II during the Williamite War in Ireland between 1689 and 1691. They were minted in base metal (copper, brass or pewter), and were designed to be redeemed for silver coins following a victory by James II and consequently bore the date in months to allow a gradual replacement. As James lost the war, that replacement never took place, although the coins were allowed to circulate at much reduced values before the copper coinage was resumed. They were mostly withdrawn from circulation in the early 18th century. The name "gun money" stems from the idea that they were minted from melted down guns. However, many other brass objects, such as church bells, were also used. There were two issues. The first "large" issue consisted of sixpences, shillings and half crowns (2½ shillings). The second, "small" issue consisted of shillings, halfcrowns and crowns (5 shillings). Some of the second issue were overstruck on large issue ...
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James II Of England
James II and VII (14 October 1633 – 16 September 1701) was King of England and Monarchy of Ireland, Ireland as James II and King of Scotland as James VII from the death of his elder brother, Charles II of England, Charles II, on 6 February 1685, until he was deposed in the 1688 Glorious Revolution. The last Catholic monarch of Kingdom of England, England, Kingdom of Scotland, Scotland, and Kingdom of Ireland, Ireland, his reign is now remembered primarily for conflicts over religion. However, it also involved struggles over the principles of Absolute monarchy, absolutism and divine right of kings, with his deposition ending a century of political and civil strife by confirming the primacy of the English Parliament over the Crown. James was the second surviving son of Charles I of England and Henrietta Maria of France, and was created Duke of York at birth. He succeeded to the throne aged 51 with widespread support. The general public were reluctant to undermine the principle ...
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Williamite War
The Williamite War in Ireland took place from March 1689 to October 1691. Fought between Jacobite supporters of James II and those of his successor, William III, it resulted in a Williamite victory. It is generally viewed as a related conflict of the 1688 to 1697 Nine Years' War. The November 1688 Glorious Revolution replaced the Catholic James with his Protestant daughter Mary II and her husband William, who ruled as joint monarchs of England, Ireland, and Scotland. However, James retained considerable support in largely Catholic Ireland, where it was hoped he would address long-standing grievances on land ownership, religion, and civic rights. The war began in March 1689 with a series of skirmishes between James's Irish Army, which had stayed loyal in 1688, and Protestant militia. Fighting culminated in the siege of Derry, where the Jacobites failed to regain control of one of the north's key towns. This enabled William to land an expeditionary force, which defeated the ma ...
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John, King Of England
John (24 December 1166 – 19 October 1216) was King of England from 1199 until his death in 1216. He lost the Duchy of Normandy and most of his other French lands to King Philip II of France, resulting in the collapse of the Angevin Empire and contributing to the subsequent growth in power of the French Capetian dynasty during the 13th century. The First Barons' War, baronial revolt at the end of John's reign led to the sealing of Magna Carta, a document considered a foundational milestone in English and later British constitution of the United Kingdom, constitutional history. John was the youngest son of King Henry II of England and Duchess Eleanor of Aquitaine. He was nicknamed John Lackland () because, as a younger son, he was not expected to inherit significant lands. He became Henry's favourite child following the failed revolt of 1173–1174 by his brothers Henry the Young King, Richard I of England, Richard, and Geoffrey II, Duke of Brittany, Geoffrey against their ...
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Pound Sterling
Sterling (symbol: £; currency code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound is the main unit of sterling, and the word '' pound'' is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. Sterling is the world's oldest currency in continuous use since its inception. In 2022, it was the fourth-most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and the renminbi, it forms the basket of currencies that calculate the value of IMF special drawing rights. As of late 2022, sterling is also the fourth most-held reserve currency in global reserves. The Bank of England is the central bank for sterling, issuing its own banknotes and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Sterling banknotes issu ...
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Silver Penny
A penny is a coin (: pennies) or a unit of currency (: pence) in various countries. Borrowed from the Carolingian denarius (hence its former abbreviation d.), it is usually the smallest denomination within a currency system. At present, it is the formal name of the British penny ( p) and the '' de facto'' name of the American one-cent coin (abbr. ¢). ''Penny'' is also the informal name of the cent unit of account in Canada, although the production of one-cent coins was ended in 2012. The name ''penny'' is also used in reference to various historical currencies, also derived from the Carolingian system, such as the French denier and the German pfennig. It may also be informally used to refer to any similar smallest-denomination coin, such as the euro cent or Chinese fen. The Carolingian penny was originally a 0.940-fine silver coin, weighing pound. It was adopted by Offa of Mercia and other English kings and remained the principal currency in Europe over ...
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Shilling
The shilling is a historical coin, and the name of a unit of modern currency, currencies formerly used in the United Kingdom, Australia, New Zealand, other British Commonwealth countries and Ireland, where they were generally equivalent to 12 pence or one-twentieth of a Pound (currency), pound before being phased out during the 1960s and 1970s. Currently the shilling is used as a currency in five east African countries: Kenyan shilling, Kenya, Tanzanian shilling, Tanzania, Ugandan shilling, Uganda, Somali shilling, Somalia, and the ''de facto'' country of Somaliland shilling, Somaliland. The East African Community additionally plans to introduce an East African shilling. History The word ''shilling'' comes from Anglo-Saxon language, Anglo-Saxon phrase "Scilling", a monetary term meaning literally "twentieth of a pound", from the Proto-Germanic root :wikt:Reconstruction:Proto-Germanic/skiljaną, skiljaną meaning literally "to separate, split, divide", from :wikt:Reconstr ...
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