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Norwegian Krone
The krone (, currency sign, abbreviation: kr (also NKr for distinction); ISO 4217, code: NOK), plural ''kroner'', is the currency of the Kingdom of Norway (including List of possessions of Norway, overseas territories and dependencies). It was traditionally known as the Norwegian Crown (currency), crown in English; however, this has fallen out of common usage. It is nominally subdivided into 100 ''øre'', although the last coins denominated in øre were withdrawn in 2012. The krone was the thirteenth-most-traded currency in the world by value in April 2010, down three positions from 2007. The Norwegian krone is also informally accepted in many shops in Sweden and Finland that are close to the Norwegian border, and also in some shops in the Danish ferry ports of Hirtshals and Frederikshavn. Norwegians spent 14.1 billion NOK on border trade, border shopping in 2015 compared to 10.5 billion NOK spent in 2010. Border shopping is a fairly common practice amongst Norwegians, though i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consumer Price Index
A consumer price index (CPI) is a statistical estimate of the level of prices of goods and services bought for consumption purposes by households. It is calculated as the weighted average price of a market basket of Goods, consumer goods and Service (economics), services. Changes in CPI track changes in prices over time. The items in the basket are updated periodically to reflect changes in consumer spending habits. The prices of the goods and services in the basket are collected (often monthly) from a sample of retail and service establishments. The prices are then adjusted for changes in quality or features. Changes in the CPI can be used to track inflation over time and to compare inflation rates between different countries. While the CPI is not a perfect measure of inflation or the cost of living, it is a useful tool for tracking these economic indicators. It is one of several Price index, price indices calculated by many national statistical agencies. Overview A CPI is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold Standard
A gold standard is a backed currency, monetary system in which the standard economics, economic unit of account is based on a fixed quantity of gold. The gold standard was the basis for the international monetary system from the 1870s to the early 1920s, and from the late 1920s to 1932 as well as from 1944 until 1971 when the United States unilaterally terminated convertibility of the US dollar to gold, effectively ending the Bretton Woods system. Many states nonetheless hold substantial gold reserves. Historically, the silver standard and bimetallism have been more common than the gold standard. The shift to an international monetary system based on a gold standard reflected accident, network externalities, and path dependence. Great Britain accidentally adopted a ''de facto'' gold standard in 1717 when Isaac Newton, then-master of the Royal Mint, set the exchange rate of silver to gold too low, thus causing silver coins to go out of circulation. As Great Britain became the w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Order Of St
Order, ORDER or Orders may refer to: * A socio-political or established or existing order, e.g. World order, Ancien Regime, Pax Britannica * Categorization, the process in which ideas and objects are recognized, differentiated, and understood * Heterarchy, a system of organization wherein the elements have the potential to be ranked a number of different ways * Hierarchy, an arrangement of items that are represented as being "above", "below", or "at the same level as" one another * an action or inaction that must be obeyed, mandated by someone in authority People * Orders (surname) Arts, entertainment, and media * ''Order'' (film), a 2005 Russian film * ''Order'' (album), a 2009 album by Maroon * "Order", a 2016 song from '' Brand New Maid'' by Band-Maid * ''Orders'' (1974 film), a film by Michel Brault * "Orders" (''Star Wars: The Clone Wars'') Business * Blanket order, a purchase order to allow multiple delivery dates over a period of time * Money order or postal orde ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fowl
Fowl are birds belonging to one of two biological orders, namely the gamefowl or landfowl ( Galliformes) and the waterfowl ( Anseriformes). Anatomical and molecular similarities suggest these two groups are close evolutionary relatives; together, they form the fowl clade which is scientifically known as Galloanserae or Galloanseres (initially termed Galloanseri) (Latin ''gallus'' ("rooster") + ''ānser'' ("goose")). This clade is also supported by morphological and DNA sequence data as well as retrotransposon presence/absence data. Terminology As opposed to "fowl", " poultry" is a term for any kind of domesticated bird or bird captive-raised for meat, eggs, or feathers; ostriches, for example, are sometimes kept as poultry, but are neither gamefowl nor waterfowl. In colloquial speech, however, the term "fowl" is often used near-synonymously with "poultry", and many languages do not distinguish between "poultry" and "fowl". Nonetheless, the fact that the Galliformes and An ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harald V Of Norway
Harald V (, ; born 21 February 1937) has been King of Norway since 1991. A member of the House of Glücksburg, Harald was the third child and only son of King Olav V of Norway and Princess Märtha of Sweden. He was second in the Succession to the Norwegian throne, line of succession at the time of his birth, behind his father. In 1940, as a result of the German occupation of Norway, German occupation during World War II, the royal family went into exile. Harald spent part of his childhood in Sweden and the United States. He returned to Norway in 1945, and subsequently studied for periods at the University of Oslo, the Norwegian Military Academy, and Balliol College, Oxford. Following the death of his grandfather King Haakon VII in 1957, Harald became crown prince as his father became king. Harald became king following his father's death in 1991. He married Sonja Haraldsen in 1968, their relationship having initially been controversial due to her status as a commoner. They have t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cupronickel
Cupronickel or copper–nickel (CuNi) is an alloy of copper with nickel, usually along with small quantities of other metals added for strength, such as iron and manganese. The copper content typically varies from 60 to 90 percent. ( Monel is a nickel–copper alloy that contains a minimum of 52 percent nickel.) Despite its high copper content, cupronickel is silver in colour. Cupronickel is highly resistant to corrosion by salt water, and is therefore used for piping, heat exchangers and condensers in seawater systems, as well as for marine hardware. It is sometimes used for the propellers, propeller shafts, and hulls of high-quality boats. Other uses include military equipment and chemical industry, petrochemical industry, and electrical industries. In decorative use, a cupronickel alloy called nickel silver is common, although it contains additional zinc but no silver. Another common 20th-century use of cupronickel was silver-coloured coins. For this use, the typical alloy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Withdrawal Of Low-denomination Coins
The withdrawal of a country's lowest-denomination coins from circulation (usually a one- cent coin or equivalent) may either be through a decision to remove the coins from circulation, or simply through ceasing minting. Reasons This withdrawal may be due to the high cost of production, since the coin may be worth less than its cost of production. For example, when Canada phased out its penny in 2012, its production cost was 1.6 cents per penny. Other reasons include low purchasing power and low utility. Often coins are withdrawn after their purchasing power has been eroded after decades of inflation. In Switzerland, the 1 Rappen coin had fallen into disuse by the early 1980s, but was still produced until 2006, albeit in ever decreasing quantities. Conversely, the British Treasury department initially argued for the retention of the ''decimal'' halfpenny, on the grounds that its withdrawal would drive up inflation. In some countries, such as New Zealand, withdrawn coins are decl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Second World War
World War II or the Second World War (1 September 1939 – 2 September 1945) was a World war, global conflict between two coalitions: the Allies of World War II, Allies and the Axis powers. World War II by country, Nearly all of the world's countries participated, with many nations mobilising all resources in pursuit of total war. Tanks in World War II, Tanks and Air warfare of World War II, aircraft played major roles, enabling the strategic bombing of cities and delivery of the Atomic bombings of Hiroshima and Nagasaki, first and only nuclear weapons ever used in war. World War II is the List of wars by death toll, deadliest conflict in history, causing World War II casualties, the death of 70 to 85 million people, more than half of whom were civilians. Millions died in genocides, including the Holocaust, and by massacres, starvation, and disease. After the Allied victory, Allied-occupied Germany, Germany, Allied-occupied Austria, Austria, Occupation of Japan, Japan, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Skilling (Scandinavian Monetary Unit)
The skilling (pronounced ''shilling'' in English) was the Scandinavian equivalent of the shilling. It was used as a subdivision of the various kinds of currencies named rigsdaler in use throughout Scandinavia, including the Danish rigsdaler, the Norwegian rigsdaler, and the Swedish riksdaler. Denmark The skilling began to be minted in Denmark in the 1440s under Christopher of Bavaria. From 1625 to 1873, one Danish skilling () was equivalent to of a rigsdaler. King Christian IX abolished the rigsdaler and skilling in favor of the kroner and ører in 1873. The word is still used colloquially for a small but unspecified amount of money ("lille skilling"). Norway The skilling began to be minted in Norway in the 1510s. From 1816, the Norwegian skilling () was equivalent to of a speciedaler, and before that of a rigsdaler specie, or of a rigsdaler courant. It was introduced in Norway in the early 16th century and was abolished 1875. Sweden During the 19th century, one ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Floating Exchange Rate
In macroeconomics and economic policy, a floating exchange rate (also known as a fluctuating or flexible exchange rate) is a type of exchange rate regime in which a currency's value is allowed to fluctuate in response to foreign exchange market events. A currency that uses a floating exchange rate is known as a ''floating currency''. In contrast, a '' fixed currency'' is one where its value is specified in terms of material goods, another currency, or a set of currencies. The idea of a fixed currency is to reduce currency fluctuations. In the modern world, most of the world's currencies are floating, and include the most widely traded currencies: the United States dollar, the euro, the Japanese yen, the pound sterling, the Australian dollar, and the Swiss franc. However, even with floating currencies, central banks sometimes participate in markets to attempt to influence the value of floating exchange rates. The Canadian dollar has not seen interference by the Canadian nationa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
German Reichsmark
The (; sign: ℛ︁ℳ︁; abbreviation: RM) was the currency of Germany from 1924 until the fall of Nazi Germany in 1945, and in the American, British and French occupied zones of Germany, until 20 June 1948. The Reichsmark was then replaced by the Deutsche Mark, to become the currency of West Germany and then all of Germany after the 1990 reunification. The Reichsmark was used in the Soviet occupation zone of Germany until 23 June 1948, where it was replaced by the East German mark. The Reichsmark was subdivided into 100 (Rpf or ℛ︁₰). The Mark is an ancient Germanic weight measure, traditionally a half pound, later used for several coins; (''realm'' in English) comes from the official name for the German state from 1871 to 1945, . History The Reichsmark was introduced in 1924 as a permanent replacement for the ''Papiermark''. This was necessary due to the 1920s German inflation which had reached its peak in 1923. The exchange rate between the old ''Papiermark'' an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
