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Banknotes

In 1882, the government began issuing small-value paper money bearing the title "Biglietto di Stato". To begin with, there were 5- and 10-lira notes, to which 25-lira notes were occasionally added from 1895. The government also issued notes titled "Buono di Cassa" between 1893 and 1922 in denominations of 1 and 2 lire. Production of Biglietti di Stato ceased in 1925 but resumed in 1935 with notes for 1, 2, 5 and 10 lire being introduced by 1939.

The Bank of Italy began producing paper money in 1896. To begin with, 50-, 100-, 500- and 1,000-lira notes were issued. In 1918–1919, 25-lira notes were also issued but no other denominations were introduced until after the Second World War.

In 1943, the invading Allies introduced notes in denominations of 1, 2, 5, 10, 50, 100, 500 and 1,000 lire. These were followed in 1944 by a series of Biglietti di Stato for 1, 2, 5 and 10 lire, which circulated until replaced by coins in the late 1940s. In 1945, the Bank of Italy introduced 5,000- and 10,000-lira notes.

In 1951, the government again issued notes, this time simply bearing the title "Repubblica Italiana". Denominations were of 50 and 100 lire (replacing the Bank of Italy notes) and they circulated until coins of these denominations were introduced in the mid-1950s. In 1966, 500-lira notes were introduced (again replacing Bank of Italy notes) which were produced until replaced in 1982 by a coin.

50,000- and 100,000-lira notes were introduced by the Bank of Italy in 1967, followed by 2,000 lire in 1973, 20,000 lire in 1975 and 500,000 lire in 1997.

In the mid-1970s, when coinage was in short supply, Italian banks printed "miniassegni" in 50- and 100-lira amounts. Technically bearer checks, they were printed in the form of banknotes and were generally accepted as substitute legal currency.

Source: https://en.wikipedia.org/wiki/Italian_lira

B.V.B Pick S132a 5 Pesos Banco Chihuahua Mexico 1913 aUNC

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Chihuahua (state)

Chihuahua, officially the Free and Sovereign State of Chihuahua, is one of the 32 states of Mexico. Its capital city is Chihuahua City.

It is located in Northwestern Mexico and is bordered by the states of Sonora to the west, Sinaloa to the southwest, Durango to the south, and Coahuila to the east. To the north and northeast, it has a long border with the U.S. adjacent to the U.S. states of New Mexico and Texas.

Chihuahua is the largest state in Mexico by area, with an area of 247,455 square kilometres (95,543 sq mi), it is slightly larger than the United Kingdom. The state is consequently known under the nickname El Estado Grande ("The Big State").

Although Chihuahua is primarily identified with the Chihuahuan Desert for namesake, it has more forests than any other state in Mexico, with the exception of Durango. Due to its variant climate, the state has a large variety of fauna and flora. The state is mostly characterized by rugged mountainous terrain and wide river valleys. The Sierra Madre Occidental mountain range, an extension of the Rocky Mountains, dominates the state's terrain and is home to the state's greatest attraction, Las Barrancas del Cobre, or Copper Canyon, a canyon system larger and deeper than the Grand Canyon. On the slope of the Sierra Madre Occidental mountains (around the regions of Casas Grandes, Cuauhtémoc and Parral), there are vast prairies of short yellow grass, the source of the bulk of the state's agricultural production. Most of the inhabitants live along the Rio Grande Valley and the Conchos River Valley.

The etymology of the name Chihuahua has long been disputed by historians and linguists. The most accepted theory explains that the name was derived from the Nahuatl language meaning "The place where the water of the rivers meet" (i.e., "confluence", cf. Koblenz).

Chihuahua has a diversified state economy. The three most important economic centers in the state are: Ciudad Juárez, an international manufacturing center; Chihuahua, the state capital; and Delicias, the state's main agriculture hub. Today Chihuahua serves as an important commercial route prospering from billions of dollars from international trade as a result of NAFTA. On the other hand the state suffers the fallout of illicit trade and activities especially at the border.

Economy

The state has the 12th-largest state economy in Mexico, accounting for 2.7% of the country’s GDP. Chihuahua has the fifth highest manufacturing GDP in Mexico and ranks second for the most factories funded by foreign investment in the country. As of 2011, the state had an estimated 396 billion pesos (31.1 billion dollars) of annual GDP. According to official federal statistical studies, the service sector accounted for the largest portion of the state economy at 59.28%; the manufacturing and industrial sector is estimated to account for 34.36% of the state's GDP, with the agricultural sector accounting for 6.36% of the state's GDP. Manufacturing sector was the principal foreign investment in the state followed by the mining sector. In 2011, the state received approximately 884 million dollars in remittances from the United States, which was 4.5% of all remittances from the United States to Mexico.

During the 1990s after NAFTA was signed, industrial development grew rapidly with foreign investment. Large factories known as maquiladoras were built to export manufactured goods to the United States and Canada. Today, most of the maquiladoras produce electronics, automobile, and aerospace components. There are more than 406 companies operating under the federal IMMEX or Prosec program in Chihuahua. The large portion of the manufacturing sector of the state is 425 factories divided into 25 industrial parks accounting for 12.47% of the maquiladoras in Mexico, which employ 294,026 people in the state. While export-driven manufacturing is one of the most important components of the state's economy, the industrial sector is quite diverse and can be broken down into several sectors, which are: electronics, agro-industrial, wood base manufacturing, mineral, and biotech. Similar to the rest of the country, small businesses continue to be the foundation of the state’s economy. Small business employs the largest portion of the population. As of 2007, the state's economy employed 786,758 people, which accounted for 3.9% of the country's workforce with annual GDP per capita of 136,417 pesos (12,338 dollars). The average employee wage in Chihuahua is approximately 193 pesos per day. The minimum wage in the state is 61.38 pesos (4.66 dollars) per day except for the municipalities of Guadalupe, Ciudad Juárez, and Praxedis G. Guerrero, which have a minimum wage of 64.76 Mexican pesos (4.92 dollars).

Agriculture is a relatively small component of the state's economy and varies greatly due to the varying climate across the state. The state ranked first in Mexico for the production of the following crops: oats, chile verde, cotton, apples, pecans, and membrillo. The state has an important dairy industry with large milk processors throughout the state. Delicias is home to Alpura, the second-largest dairy company in Mexico. The state has a large logging industry ranking second in oak and third in pine in Mexico. The mining industry is a small but continues to produce large amounts of minerals. The state ranked first place in the country for the production of lead with 53,169 metric tons. Chihuahua ranked second in Mexico for zinc at 150,211 metric tons, silver at 580,271 kg, and gold at 15,221.8 kg.

Source: https://en.wikipedia.org/wiki/Chihuahua_(state)#Economy

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Mérida, Yucatán

Mérida is the capital and largest city of the Mexican state of Yucatán as well as the largest city of the Yucatán Peninsula. It is located in the northwest part of the state, about 35 kilometres (22 miles) from the Gulf of Mexico coast. The city is also the municipal seat of the Municipality of Mérida, which includes the city and the areas around it.

According to the 2010 census, the population of Mérida was 970,377, ranking 12th among the most populous Mexican metropolitan areas. The municipality's area is 858.41 km² (331.43 sq mi). The metropolitan area includes the municipalities of Mérida, Umán and Kanasín and had a population of 1,035,238 in the same 2010 census. It is the largest of the four cities of the world that share the name Mérida, the other three being in Spain, Venezuela, and the Philippines.

The city, like much of the state, has heavy Mayan, Spanish, French, British, and to a lesser extent Dutch influences. Mérida has the highest percentage of indigenous persons of any large city in Mexico with approximately 60% of all inhabitants being of the Maya ethnicity.

History

There were three Spanish conquistadors named "Francisco de Montejo": Francisco de Montejo "el Adelantado" ("The Lieutenant", the eldest); Francisco de Montejo y León "el Mozo" ("The Boy", his son); and Francisco de Montejo "el Sobrino" ("The Nephew"). Mérida was founded in 1542 by Montejo y León ("el Mozo") and named after the town of Mérida in Extremadura, Spain. It was built on the site of the Maya city of T'hó (/d̥ʼχøʼ/), which was also called Ichkanzihóo or Ichcaanzihó (/isʃkan'siχœ/; "City of Five Hills") in reference to its pyramids. T'ho had been a center of Mayan culture and activity for centuries: because of this, some historians consider Mérida the oldest continually-occupied city in the Americas.

Carved Maya stones from ancient T'ho were widely used to build the Spanish colonial buildings that are plentiful in downtown Mérida, and are visible, for instance, in the walls of the main cathedral. Much of Mérida's architecture from the colonial period through the 18th century and 19th century is still standing in the centro historico of the city. From colonial times through the mid-19th century, Mérida was a walled city intended to protect the Peninsular and Criollo residents from periodic revolts by the indigenous Maya. Several of the old Spanish city gates survive, but modern Mérida has expanded well beyond the old city walls.

Late in the 19th century and the early 20th Century, the area surrounding Mérida prospered from the production of henequén. For a brief period, around the turn of the 20th century, Mérida was said to house more millionaires than any other city in the world. The result of this concentration of wealth can still be seen today. Many large and elaborate homes still line the main avenue called Paseo de Montejo, though few are occupied today by individual families. Many of these homes have been restored and now serve as office buildings for banks and insurance companies. Korean immigration to Mexico began in 1905 when more than a thousand people arrived in Yucatan from the city of Incheon. These first Korean migrants settled around Merida as workers in henequen plantations.

Mérida has one of the largest centro histórico districts in the Americas (surpassed only by Mexico City and Havana, Cuba). Colonial homes line the city streets to this day, in various states of disrepair and renovation; the historical center of Mérida is currently undergoing a minor renaissance as more and more people are moving into the old buildings and reviving their former glory.

In August 1993, Pope John Paul II visited the city on his third trip to Mexico. The city has been host to two bilateral United States – Mexico conferences, the first in 1999 (Bill Clinton – Ernesto Zedillo) and the second in 2007 (George W. Bush – Felipe Calderón).

In June 2007, Mérida moved its city museum to the renovated Post Office building next to the downtown market. The Museum of the City of Mérida houses important artifacts from the city's history, as well as an art gallery. Mérida hosted the VI Summit of Association of Caribbean States, in 2014.

Mérida is the cultural and financial capital of the Yucatán Peninsula, as well as the capital city of the state of Yucatán. In recent years, important science competitions and World events have been held in Mérida – FITA Archery World Cup Finals, the International Cosmic Ray Conference, a Physics Olympiad, etc.

Source: https://en.wikipedia.org/wiki/M%C3%A9rida,_Yucat%C3%A1n

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Source: HISTORY OF MEXICO'S RAILROAD

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Euthenia

Euthenia was the ancient Greek female spirit of prosperity. Her opposite was Penia and her sisters entailed Eucleia, Philophrosyne, and Eupheme. Along with her siblings, she was regarded as a member of the younger Charites. According to the Orphic fragments, her parents were Hephaestus and Aglaea.

Grupo Financiero Banamex

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. The bank was reorganized in 1926, becoming a financing bank and establishing the first agency of a Latin American bank in New York City.

Banamex gradually introduced several financial product innovations to the Mexican market including savings accounts (in 1929), personal credit lines (in 1958), credit cards (in 1968), and ATM banking (in 1972). In 1981, Banamex acquired the California Commerce Bank.

For the next four years Banamex and the rest of the Mexican private banks presided over an unprecedented expansion of private credit in Mexico. This expansion occurred in an environment characterized by: i) the lack of a credit culture at the newly privatized banks, which had been bought at rich multiples by individuals and organizations without lending experience, and ii) lax oversight by regulatory authorities, which led in some instances to the occurrence of irregular transactions (such as related party transactions).In the midst of a severe economic crisis (1982), President José López Portillo announced a major devaluation of the peso and nationalized all private banks in Mexico. For the next nine years Banamex operated as a government owned national credit association. In 1991, Banamex was reprivatized and it established Grupo Financiero Banamex–Accival with the investment bank Acciones y Valores de México (Accival).

The result of this aggressive expansion of credit was to strain the bank's balance sheet (loan portfolio quality ratios and capitalization ratios). The December 1994 macro-devaluation of the Mexican pesos (see the December Mistake) and the ensuing significant increase in domestic interest rates coupled with a dramatic economic recession, caused Banamex's and much of the rest of the privatized banks to essentially become insolvent.

From 1997 to 2001 Roberto Hernández Ramírez was the CEO. In 1997, Afore Banamex was created to access the newly created private pension fund market.In order to avoid the potentially catastrophic effects of generalized bank bankruptcies, the Ernesto Zedillo administration decided to rescue the troubled banks through a government fund (Instituto de Protección al Ahorro Bancario or IPAB, later called Fondo Bancario de Protección al Ahorro or Fobaproa). IPAB enticed the banks' shareholders to inject fresh equity into the banks by pledging to buy from the banks non-performing loans in a two to one (or in some cases greater) ratio with respect to the newly injected fresh capital in exchange for a long-dated government note with capitalized interest. Banamex eventually sold $_ worth of non-performing loans to IPAB, and its shareholders injected $_ of fresh equity. The combination of these measures coupled with a recovery of the Mexican economy helped clean up the bank's balance sheet.

On August 6, 2001, Citigroup Inc. acquired Grupo Financiero Banamex-Accival for US$12.5 billion, which became Grupo Financiero Banamex. This was the largest-ever U.S.-Mexico corporate merger. Grupo Financiero Banamex's operations were integrated with Citibank's relatively small existing Mexico business under the Banamex brand name.

In October 2014, allegations were made that employees had taken millions of dollars in kickbacks from vendors. Authorities in Mexico and the United States are investigating the allegations. Citigroup encouraged Manuel Medina-Mora to resign.

Source:

https://en.wikipedia.org/wiki/Grupo_Financiero_Banamex

https://en.wikipedia.org/wiki/Euthenia

B.V.B Obsolete Currency $5 Dollar. Bank of Washtenaw Michigan 1835 CV: 250 $ XF

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Washtenaw

The word Washtenaw is a variant of the Ojibwe word: "Wash-ten-ong," the Ojibwe name for the Grand River in Michigan.

Ann Arbor, Michigan

Ann Arbor is a city in the U.S. state of Michigan and the county seat of Washtenaw County. The 2010 census recorded its population to be 113,934, making it the sixth largest city in Michigan. The city's population was estimated at 117,070 as of July 2015 by the U.S. Census Bureau. The Ann Arbor Metropolitan Statistical Area (MSA) includes all of Washtenaw County, which had a population of 344,791 as of 2010. The city is also part of the larger Detroit–Ann Arbor–Flint, MI Combined Statistical Area (CSA) with a population of 5,318,744.

Ann Arbor was founded in 1824, named for wives of the village's founders and the stands of Bur Oak trees. The University of Michigan moved from Detroit to Ann Arbor in 1837, and the city grew at a rapid rate in the early to mid-20th century. During the 1960s and 1970s, the city gained a reputation as a center for left-wing politics. Ann Arbor became a focal point for political activism and anti-Vietnam War movement, as well as various student movements.

Ann Arbor is home to the University of Michigan, one of the foremost research universities in the United States. The university shapes Ann Arbor's economy significantly as it employs about 30,000 workers, including about 12,000 in the medical center. The city's economy is also centered on high technology, with several companies drawn to the area by the university's research and development infrastructure, and by its graduates.

In about 1774, the Potawatomi founded two villages in the area of what is now Ann Arbor.

Ann Arbor was founded in 1824 by land speculators John Allen and Elisha Walker Rumsey. On 25 May 1824, the town plat was registered with Wayne County as "Annarbour;" this represents the earliest known use of the town's name. Allen and Rumsey decided to name it for their wives, both named Ann, and for the stands of Bur Oak in the 640 acres (260 ha) of land they purchased for $800 from the federal government at $1.25 per acre. The local Ojibwa named the settlement kaw-goosh-kaw-nick, after the sound of Allen's sawmill.

Since the university's establishment in the city in 1837, the histories of the University of Michigan and Ann Arbor have been closely linked. The town became a regional transportation hub in 1839 with the arrival of the Michigan Central Railroad, and a north—south railway connecting Ann Arbor to Toledo and other markets to the south was established in 1878. Throughout the 1840s and the 1850s settlers continued to come to Ann Arbor. While the earlier settlers were primarily of British ancestry, the newer settlers also consisted of Germans, Irish, and African-Americans. In 1851, Ann Arbor was chartered as a city, though the city showed a drop in population during the Depression of 1873. It was not until the early 1880s that Ann Arbor again saw robust growth, with new immigrants coming from Greece, Italy, Russia, and Poland. Ann Arbor saw increased growth in manufacturing, particularly in milling. Ann Arbor's Jewish community also grew after the turn of the 20th century, and its first and oldest synagogue, Beth Israel Congregation, was established in 1916. Ann Arbor became the seat of Washtenaw County in 1827, and was incorporated as a village in 1833. The Ann Arbor Land Company, a group of speculators, set aside 40 acres (16 ha) of undeveloped land and offered it to the state of Michigan as the site of the state capital, but lost the bid to Lansing. In 1837, the property was accepted instead as the site of the University of Michigan, which moved from Detroit.

Following a 1956-vote, the city of East Ann Arbor merged with Ann Arbor to encompass the eastern sections of the city. During the 1960s and 1970s, the city gained a reputation as an important center for liberal politics. Ann Arbor also became a locus for left-wing activism and anti-Vietnam War movement, as well as the student movement. The first major meetings of the national left-wing campus group Students for a Democratic Society took place in Ann Arbor in 1960; in 1965, the city was home to the first U.S. teach-in against the Vietnam War. During the ensuing 15 years, many countercultural and New Left enterprises sprang up and developed large constituencies within the city. These influences washed into municipal politics during the early and mid-1970s when three members of the Human Rights Party (HRP) won city council seats on the strength of the student vote. During their time on the council, HRP representatives fought for measures including pioneering antidiscrimination ordinances, measures decriminalizing marijuana possession, and a rent-control ordinance; many of these remain in effect in modified form. Alongside these liberal and left-wing efforts, a small group of conservative institutions were born in Ann Arbor. These include Word of God (established in 1967), a charismatic inter-denominational movement; and the Thomas More Law Center (established in 1999), a religious-conservative advocacy group.

In the past several decades, Ann Arbor has grappled with the effects of sharply rising land values, gentrification, and urban sprawl stretching into outlying countryside. On 4 November 2003, voters approved a greenbelt plan under which the city government bought development rights on agricultural parcels of land adjacent to Ann Arbor to preserve them from sprawling development. Since then, a vociferous local debate has hinged on how and whether to accommodate and guide development within city limits. Ann Arbor consistently ranks in the "top places to live" lists published by various mainstream media outlets every year. In 2008, it was ranked by CNNMoney.com 27th out of 100 "America's best small cities". And in the year 2010, Forbes listed Ann Arbor as one of the most liveable cities in the United States of America.

SOURCE:

https://en.wikipedia.org/wiki/Washtenaw

https://en.wikipedia.org/wiki/Ann_Arbor,_Michigan

B.V.B Pick 122a USA 1863 PMG 64. 10 Cents Fracctional Currency Fr 1264. PMG 64.

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Fractional currency (United States)

Fractional currency, also referred to as shinplasters, was introduced by the United States federal government following the outbreak of the Civil War. These fractional notes were in use between 21 August 1862 and 15 February 1876, and issued in 3, 5, 10, 15, 25, and 50 cent denominations across five issuing periods.The complete type set below is part of the National Numismatic Collection, housed at the National Museum of American History, part of the Smithsonian Institution.

The Civil War economy catalyzed a shortage of United States coinage —gold and silver coins were hoarded given their intrinsic bullion value relative to irredeemable paper currency at the time. In late 1861, to help finance the Civil War, the U.S. government borrowed gold coin from New York City banks in exchange for Seven-thirties treasury notes and the New York banks sold them to the public for gold to repay the loan. In December 1861, the Trent Affair shook public confidence with the threat of war on a second front. The United States Department of the Treasury suspended specie payments and banks in New York City stopped redeeming paper money for gold and silver. In the absence of gold and silver coin, the premium for specie began to devalue paper currency. After the New York banks suspended specie payments (quickly followed by Boston and Philadelphia) the premium on gold rose from 1–3% over paper in early January 1862 to 9% over paper in June 1862, by which time one paper dollar was worth 91.69 cents in gold. This fueled currency speculation (e.g., redeeming banknotes for silver coin which was then sold at a premium as bullion), and created significant disruption across businesses and trade. Alternate methods of providing small change included the reintroduction of Spanish quarter dollars in Philadelphia, cutting dollar bills in quarters or halves, refusing to provide change (without charging a premium for providing silver coins), or the issuance of locally issued shinplasters (i.e., those issued by businesses or local municipalities) was forbidden by law in many states.

The design of the First Issue (postage currency) was directly based on Spinner’s original handmade examples. Some varieties even had perforated stamp-like edge. While not actually legal tender, postage currency could be exchanged for United States Notes in $5 lots and were receivable in payment of all dues to the United States, up to $5. Subsequent issues would no longer include images of stamps and were referred to as Fractional Currency. Despite the July 1862 legislation, postage stamps remained a form of currency until postage currency gained momentum in the spring of 1863. In 1863, Secretary Chase asked for a new fractional currency that was harder to counterfeit than the postage currency. The new fractional currency notes were different from the 1862 postage currency issues. They were more colorful with printing on the reverse, and several anti-counterfeiting measures were employed: experimental paper, adding surcharges, overprints, blue end paper, silk fibers, and watermarks to name a few. Fractional currency shields which had single sided specimens were sold to banks to provide a standard for comparison for detecting counterfeits. Postage and fractional currency remained in use until 1876, when Congress authorized the minting of fractional silver coins to redeem the outstanding fractional currency. Treasurer of the United States Francis E. Spinner has been credited with finding the solution to the shortage of coinage: he created postage currency (which led into the use of Fractional currency). Postage (or postal) currency was the first of five issues of US Post Office fractional paper money printed in 5-cent, 10-cent, 25-cent, and 50-cent denominations and issued from 21 August 1862 through 27 May 1863. Spinner proposed using postage stamps, affixed to Treasury paper, with his signature on the bottom (see illustration below). Based on this initiative, Congress supported a temporary solution involving fractional currency and on 17 July 1862 President Lincoln signed the Postage Currency Bill into law. The intent, however, was not that stamps should be a circulating currency.

B.V.B Pick 6 Syria 1 Piastre 1920 XF.

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Syrian pound

In 1919, the Banque de Syrie introduced notes for 5, 25 and 50 qirsha, 1 and 5 livres. These were followed, in 1920, by notes for 1 qirsh and 10, 25, 50 and 100 livres. In 1925, the Banque de Syrie et du Grand-Liban began issuing notes and production of denominations below 25 qirsha ceased. Notes below 1 livre were not issued from 1930. In 1939, the issuing body again changed its name, to the Banque de Syrie et du Liban.

Between 1942 and 1944, the government introduced notes for 5, 10, 25 and 50 qirsha. In the early 1950s, undated notes were issued by the Institut d'Emission de Syrie in denominations of 1, 5, 10, 25, 50 and 100 livres, followed by notes dated 1955 for 10 and 25 livres. The Banque Centrale de Syrie took over paper money issuance in 1957, issuing the same denominations as the Institut d'Emission.

In 1958, the French language was removed from Syrian banknotes and replaced by English. Notes were issued for 1, 5, 10, 25, 50, 100 and 500 pounds. In 1966, the design of the 25, 50, and 100 pound notes was changed. In 1976 and 1977, the designs changed for all the denominations except the 500-pound note. In 1997 and 1998, a new series of notes was introduced in denominations of 50, 100, 200, 500 and 1000 pounds, with the lower denominations replaced by coins. In 2009, the 50, 100, and 200 pound notes were changed with an entirely new design. In 2014 a new 500 pound note has been released.

The Syrian pound (Arabic: الليرة السورية‎‎ al-līra as-sūriyya; French: livre syrienne; sign: LS or £S; code: SYP) is the currency of Syria and is issued by the Central Bank of Syria. The pound is subdivided into 100 qirsh (Arabic: قرش plural: قروش, qurūsh, piastres in English or French), although coins in qirsh are no longer issued.

Before 1947, the word qirsh was spelled with the initial Arabic letter غ, after which the word began with ق. Until 1958, banknotes were issued with Arabic on the obverse and French on the reverse. After 1958, English has been used on the reverses, hence the three different names for this currency. Coins used both Arabic and French until Syrian independence, then only Arabic.

The standard abbreviation for the Syrian pound is SYP. On 5 December 2005, the selling rate quoted by the Commercial Bank of Syria was 58.4 SYP to the US dollar. A rate of about 50 pounds to one dollar has been usual in the early 2000s, but the exchange rate is subject to fluctuations. Since the start of the Syrian civil war against president Bashar al-Assad in 2011, the exchange rate of the Syrian pound has deteriorated quickly from 47 SYP for US$1 in March 2011 to over 200 SYP for US$1 in June 2013.

Hard currencies such as the USD, CAD, GBP or Euro cannot be bought from banks or exchange companies; the black market is the only source of foreign currencies available to Syrian businessmen, students and those who want to travel abroad. The maximum amount that is allowed to be taken out with the Syrian traveler is US$3,000 per flight per year. Any amount in excess of US$3,000 is confiscated by the authorities and the Syrian traveler will risk spending a long time in what is called an "economic affairs court". The Syrian pound is not a hard currency, and there are restrictions on its export (the maximum amount is 2,500 SYP per person).

Source: https://en.wikipedia.org/wiki/Syrian_pound

B.V.B Pick 3a Rwanda and Burundi 20 Francs 1960 XF. Make your best offer! RARE

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Rwanda-Burundi Franc

The Ruanda-Urundi franc was a currency issued for the Belgian mandate territory of Ruanda-Urundi (modern-day Rwanda and Burundi) in East Africa between 1960 and 1964. The currency replaced the Belgian Congo franc which had also circulated in Ruanda-Urundi from 1916 until 1960 when the Belgian Congo became independent, leaving Ruanda-Urundi as the sole Belgian colonial possession in Africa. With the independence of Rwanda and Burundi in 1962, the shared Ruanda-Urundi franc continued to circulate until 1964 when it was eventually replaced by two separate national currencies.

The franc became the currency of Rwanda and Burundi in 1916, when the two countries were occupied by Belgium and the Belgian Congo franc replaced the German East African rupie. In 1960, the Belgian Congo franc was replaced by the Ruanda-Urundi franc, issued by the Banque d’Emission du Rwanda et du Burundi (Issuing Bank of Rwanda and Burundi) or BERB. This circulated after independence until January 1964, when Rwanda and Burundi introduced their own currencies, the Burundian franc and the Rwandan franc.

From 1960 to 1963, the BERB issued notes in denominations of 5, 10, 20, 50, 100, 500 and 1000 francs. In 1964, Burundi overprinted all of these denominations for use in Burundi, whilst Rwanda overprinted all but the 5 and 10 franc notes for use in Rwanda.

Source: https://en.wikipedia.org/wiki/Ruanda-Urundi_franc

B.V.B Pick 92b Fance 20 Francs 1940 aUNC. WWII. CV 300$ GOOD OPPORTUNITY!

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Bank of France

The Bank of France known in French as the Banque de France, headquartered in Paris, is the central bank of France; it is linked to the European Central Bank (ECB). Founded in 1800, it helped resolve the financial crisis of 1848 and emerged as a powerful central bank. Its main charge is to implement the interest rate policy of the European System of Central Banks (ESCB).

In 1800, financial power in France was in the hands of about ten to fifteen banking houses whose founders, in most cases, came from Switzerland in the second half of the eighteenth century. These bankers, mostly Protestant, were deeply involved in the agitations leading up to the French Revolution. When the revolutionary violence got out of hand, they orchestrated the rise of Napoleon, whom they regarded as the restorer of order. As a reward for their support, Napoleon, in 1800, gave the bankers a monopoly over French finance by giving them control of the new Bank of France. For the first fifteen years it was the sole issuer of bank notes in Paris, and this privilege was extended to other financially important towns and the rest of the country by 1848.

Source: https://en.wikipedia.org/wiki/Bank_of_France

B.V.B Pick 3 Germany 5 Mark 1948 UNC. Soviet Occupation. Post WWII. STAMP. RARE

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Soviet occupation zone

The Soviet Occupation Zone (German: Sowjetische Besatzungszone (SBZ) or Ostzone; Russian: Советская оккупационная зона Германии, Sovetskaya okkupatsionnaya zona Germanii, "Soviet Occupation Zone of Germany") was the area of central Germany occupied by the Soviet Union from 1945 on, at the end of World War II. On 7 October 1949 the German Democratic Republic (GDR), which became commonly referred to as East Germany, was established in the Soviet Occupation Zone.

The SMAD allowed four political parties to develop, though they were all required to work together under an alliance known as the "Democratic Bloc" (later the National Front). In April 1946, the Social Democratic Party of Germany (SPD) and the Communist Party of Germany (KPD) merged to form the Socialist Unity Party (which later became the governing party of East Germany).The SBZ was one of the four Allied occupation zones of Germany created at the end of World War II. According to the Potsdam Agreement, the Soviet Military Administration in Germany (German initials: SMAD) was assigned responsibility for the (present-day) eastern portion of Germany. By the time forces of the United States and Britain began to meet Soviet forces, forming a Line of contact, significant areas of what would become the Soviet zone of Germany were outside of Soviet control. After several months of occupation these gains by the British and Americans were ceded to the Soviets, by July 1945, according to the previously agreed upon occupation zone boundaries.

The SMAD set up ten "special camps" for the detention of Germans, making use of some former Nazi concentration camps.

In 1945, the Soviet occupation zone consisted primarily of the central portions of Prussia. After Prussia was dissolved by the Allied powers in 1947, the area was divided between the German states (Länder) of Brandenburg, Mecklenburg, Saxony, Saxony-Anhalt and Thuringia. On 7 October 1949, the Soviet zone became the German Democratic Republic, usually referred to in English as East Germany. In 1952, the Länder were dissolved and realigned into 14 districts (Bezirke), plus the district of East Berlin.

In 1952, with the Cold War political confrontation well underway, Joseph Stalin sounded out the Western Powers about the prospect of a united Germany which would be non-aligned (the "Stalin Note"). The West's disinterest in this proposal helped to cement the Soviet Zone's identity as the GDR for the next four decades.

"Soviet zone" and derivatives (or also, "the so-called GDR") remained official and common names for East Germany in West Germany, which refused to acknowledge the existence of a state in East Germany until 1972, when the government of Willy Brandt extended a qualified recognition under its Ostpolitik initiative.

Source: https://en.wikipedia.org/wiki/Soviet_occupation_zone

B.V.B Pick 277 Costa Rica 2009 PMG 65. 10000 Colones. SLOTH. Unique PMG known!!!

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José Figueres Ferrer

José María Hipólito Figueres Ferrer (25 September 1906 – 8 June 1990), served as President of Costa Rica on three occasions: 1948–1949, 1953–1958, and 1970–1974.

During his first term in office, he abolished the country's army, nationalized its banking sector, and granted women and blacks the right to vote. He was a good friend of the Governor of Puerto Rico, Luis Muñoz Marín, praising his political achievements in one of his essays.

Figueres was born on 25 September 1906 in San Ramón in Alajuela province. The locations are significant, according to his best biographer, because his parents came from a world of wide ambition that most Costa Ricans envied, and he was born in a nation that put a high value on his impeccable Spanish background. Figueres was the eldest of the four children of a Catalan doctor and his wife, a teacher, who had recently immigrated from Catalonia to San Ramón in west-central Costa Rica.

Figueres first language was Catalan, as he talked to his parents in this language.

After four years of work and study in the United States, Figueres returned to the country in 1928 and bought a farm in Tarrazú. He named the farm, with a certain degree of foresight, La Lucha sin Fin (the struggle without an end).

Figueres became a successful coffee grower and rope manufacturer, employing more than 1,000 sharecroppers and factory laborers. Describing himself as a "farmer-socialist", he built housing and provided medical care and recreation for his workers and established a community vegetable farm and a dairy with free milk for workers' children.

His sharecroppers could either sell hemp grown on his plantation to him at market price for use in his rope factory, or sell it elsewhere if they were offered a better price.

SOURCE: https://en.wikipedia.org/wiki/Jos%C3%A9_Figueres_Ferrer