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Topic: Highest valued currency unit

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Least valued currency unit

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	Online Encyclopedia and Dictionary - Least valued currency unit
		The least valued currency unit is the currency in which a single unit buys the least number of any given other currency or the smallest amount of a given good.
		Since the introduction of the New Turkish Lira, the title is now held by the Romanian leu, valued at approximately 27500 lei per USD (as of 04/2005).
		The currency most likely to hold title after the revaluation of the leu is the Vietnamese dong.
	www.fact-archive.com /encyclopedia/Least_valued_currency_unit (213 words)

	Great Britain Pound
		British pound, having the currency code GBP and numeric code 826 as per the ISO 4217 standard, is the official currency of the countries England, Scotland, Wales and Northern Ireland that form the Great Britain.
		The facts that it is the oldest currency currently being used and also a highly valued currency among the major currencies of the world help it earn a third place with Japanese yen in the list of the most heavily traded currencies of the world.
		Elizabeth I and her group of advisors launched pound sterling as a currency in 1560-61 to counter the inflation that arose due to the debasement of the silver coins that had been hampering the value of the currency.
	www.crnindia.com /currency/pound.html (1335 words)

	HIGHEST VALUED CURRENCY UNIT : Encyclopedia Entry
		The highest valued currency unit is the currency in which a single unit buys the highest number of any given other currency or the largest amount of a given good.
		At a pegged value of US$6.00 per luigino, it is considered to be the world's highest valued currency.
		However, since the locality that issued it from 1994-1996, Seborga, is not recognized by any nation, the currency is not officially traded out of the locale and has no value outside of it, although it has been recognized by the International Bank.
	www.bibleocean.com /OmniDefinition/Highest_valued_currency_unit (211 words)

	The Value of Money in Colonial America
		The result was the value of these units (pence, shilling and pound) were not on par with Britain and, to add to the confusion, their value differed in different colonies.
		The value of each major foreign silver coin was calculated based on the fineness of the silver and the weight of the coin in relation to the value of one troy ounce (480 grains) of sterling silver, which was 62d (5s2d).
		In 1709 Pennsylvania valued the Spanish dollar back to 72d (6s), which was the proclamation rate of 33.33% over sterling, however by the 1742 the dollar was trading at 90d (7s6d), a 66.66% increase over sterling.
	www.coins.nd.edu /ColCurrency/CurrencyIntros/IntroValue.html (1860 words)

	UK currency - UKcurrency
		The old 1/ and 2/ coins were equivalent in value to 5p and 10p respectively, and as such these coins remained valid within the decimal system until the 5p and 10p coins were each later replaced with smaller versions in the early 1990s.
		Sterling (with a basic currency unit of the Tealby penny, rather than the pound) was introduced as the English currency by King Henry II in 1158, though the name sterling wasn't acquired until later.
		The value of the index in 1750 was 5.1, increasing to a peak of 16.3 in 1813 before declining very soon after the end of the Napoleonic Wars to around 10.0 and remaining in the range 8.5-10.0 at the end of the nineteenth century.
	www.kopete.org /UK-currency.html (2784 words)

	Kuwaiti Dinar
		Unlike those currencies that are divided into 100 equal subunits, the Kuwaiti dinar consists of 1000 equal fils, fils being the subunit of the currency.
		One interesting aspect related to the currency of Kuwait is that during the Iraqi invasion into the country, many of the dinar notes that were not yet put into circulation at that time were stolen from the vaults of the central bank.
		The second issue of the currency was made by the Central Bank of Kuwait instead of the Kuwaiti Currency Board with new dinar notes of the denominations ¼, ½, 1, 5 and 10 KD in the years 1970 and 1971.
	www.crnindia.com /currency/dinar.html (1037 words)

	Wages and Currency
		After the United Kingdom of the Netherlands established the guilder as the unit of its new decimal monetary system (in 1816) a variety of older currencies and coinages remained in circulation as legal tender.
		Initially the unit was run on the basis of a contract with a master reeler but later the Company decided to assume the entrepreneurial responsibilities itself and arranged for the payment of wages in cash under its direct supervision.
		In the paper for the Wages and Currency symposium I propose to trace the development of the various monetary spheres of medieval Venice with special attention to how the state was able to impose and enforce the separate circulation on the various sectors of the economy: domestic, colonial and international.
	www.iisg.nl /research/currencypapers.php (16971 words)

	Bloomberg.com: Financial Glossary
		For example, a simple value screen would sort all stocks by their price-to-book ratio and pick the stocks with the lowest ratios as candidates for the value portfolio.
		Theory that the value of an investment to an individual is not dependent on consumption preferences.
		A discountbroker who charges per sharetraded, and reduces the per unit charge as the number of sharestraded increases, as opposed to a dealer who charges a percentage of the dollar amount of the trade.
	www.bloomberg.com /analysis/glossary/bfgloss.htm (6384 words)

	Least_valued_currency_unit (Site not responding. Last check: 2007-11-03)
		The currency most likely to hold title after the revaluation of the leu is the Mozambique metical at approximately 24400 meticais per USD (as of 06/2005).
		It should be further noted that many currencies are not permitted to float on the foreign exchange market, to prevent capital flight or for political reasons.
		The least valued currency of any OECD member state is the South Korean won (KRW).
	www.yournursery.com /search.php?title=Least_valued_currency_unit (314 words)

	International Economics Glossary: O
		An obligation to take or make delivery of an asset or currency in the future without cover, that is, without a matching obligation in the other direction that protects them from effects of change in the price of the asset or currency.
		The opportunity cost to a country of producing a unit more of a good, such as for export or to replace an import, is the quantity of some other good that could have been produced instead.
		The situation of a currency whose value on the exchange market is higher than is believed to be sustainable.
	www-personal.umich.edu /~alandear/glossary/o.html (1549 words)

	CNW Group
		The increase in number of units outstanding is mainly attributable to the 3.9 million units issued pursuant to the DRIP during 2006 at an average price of $24.67 per unit.
		The normalized production per unit is a key measure as it indicates the ability to generate cash flow from core operations which in turn impacts the level of cash that may be distributed to unitholders.
		The increase is attributed to the DRIP factor whereby one trust unit purchased on January 1, 2002 would have grown to 1.81 trust units on December 31, 2006.
	www.newswire.ca /en/releases/archive/February2007/22/c2881.html (9318 words)

	British Pound, GBP, United Kingdom, Information on the Currency of the UK
		It is the highest valued of the major currency units.
		To avoid confusion between the unit of currency and the unit of weight, the pound is referred to more formally as the "pound sterling" or simply "sterling." Less formally, the slang term "quid" is also used in conversation.
		It is the ultimate legislative authority in the United Kingdom, according to the doctrine of parliamentary sovereignty.
	www.gocurrency.com /countries/united_kingdom.htm (1546 words)

	Sovereign Exploration Associates International Inc.
		The King’s minted coins could be assigned values in terms of “money of account”, (such as an overall term of ‘Livre’), and were henceforth referred to as “money of exchange” and could fluctuate in value based on such factors as inflation, war or a positive/negative balance of trade.
		The écu was the highest unit silver coin equal to six livres Tournois (Tournois pounds) or 120 sols, and equal to the Spanish Piece-of-Eight and the later ‘Pillar Dollar’.
		The equal value of this currency amount in British Pounds for this same period would be equal to about 2.3 million Pounds Sterling, (as explained earlier, all of these financial terms; ‘Peso’, ‘Pound’ and ‘Livre’, were considered “monies of account” – far different from “monies of exchange”).
	www.sea-int.com /AboutFrenchCurrency.asp (748 words)

	OANDA FX Trading System: Glossary
		Selling Short Selling a currency pair that involves being short the base currency and long the quote currency, with the intent of buying the currency pair at a later time when prices are lower in order to make a profit.
		Unconvertible Currency A currency that cannot be exchanged for another because of foreign exchange regulations.
		Value Date The settlement date for a currency contract which is usually two business days.
	fxtrade.oanda.com /help/glossary/glossaryS_Z.html (1656 words)

	COESfx makes currency trading simple. Our exchange based Forex Trading Platform gives you direct access to the foreign ...
		When the base currency in the pair is bought, the position is said to be long.
		The settlement of currency trades may or may not involve the actual physical exchange of one currency for another.
		When the base currency in the pair is sold, the position is said to be short.
	www.coesfx.com /fx-glossary.aspx (3253 words)

	Romanian leu Information
		The current RON acronym for the currency might sound potentially obsolete in the future, but Romania is expecting to join the European Union and switch to euro long before any other currency reform might be needed.
		In 1867, a bimetallic currency was adopted, the leu of 100 bani.
		The Romanian leu briefly held the dubious distinction of being the world's least valued currency unit, from January (when the Turkish lira dropped six zeros) to July 2005.
	www.bookrags.com /wiki/Romanian_leu (1557 words)

	Where Should the Money Go? Aligning Policies with Preferences - AmberWaves - June 2006 (Site not responding. Last check: 2007-11-03)
		While it is difficult to compare the value of preventing diverse health outcomes, such as renal disease and paralysis, it is even more difficult to make these comparisons when diseases afflict children and adults at different rates.
		WTP estimates are an ex-ante measure of the value individuals place on reducing the risk of a particular injury, illness, or death.
		The practice of using a single value derived from compensating wage studies to estimate WTP values flies in the face of empirical evidence.
	www.ers.usda.gov /AmberWaves/June06/Features/Money.htm (2824 words)

	Forex Market Currency Trading
		This is a set of transactions among forex market agents involving exchange of specified sums of money in a currency unit of any given nation for currency of another nation at an agreed rate as of any specified date.
		During exchange, the exchange rate of one currency to another currency is determined simply: by supply and demand – exchange to which both parties agree.
		The scope of transactions in the global currency market is constantly growing, which is due to development of international trade and abolition of currency restrictions in many nations.
	www.forex-market.net /forex.htm (2194 words)

	News \| TimesDaily.com \| TimesDaily \| Florence, AL (Site not responding. Last check: 2007-11-03)
		Sub-units are generally not considered when looking for the least valued currency: for example, while one would consider a British pound sterling, one would not consider a British penny.
		It should be noted that many currencies are not permitted to float on the foreign exchange market, to prevent capital flight or for political reasons.
		As of February 12, 2007, the list of the least valued currencies included 26 currencies for which 1 USD was worth more than (or almost, in the case of South Korean won) 1,000 currency units.
	www.timesdaily.com /apps/pbcs.dll/section?category=NEWS&template=wiki&text=least_valued_currency_unit (423 words)

	Maltese lira (Site not responding. Last check: 2007-11-03)
		The Maltese lira, known in the Maltese language as the Lira Maltija, is the currency of Malta.
		After the Kuwaiti Dinar, it is the second highest valued currency unit in the world being worth US$3.11006 as of January 3, 2005.
		The currency entered the Exchange Rate Mechanism II on May 2, 2005, and its value must be maintained within a 15% band around the pivot value of 0.429300 LM per Euro.
	www.abcworld.net /Maltese_lira.html (419 words)

	Vegetarians in Paradise/Barley History/Barley Nutrition/Barley Folklore/Barley Recipe (Site not responding. Last check: 2007-11-03)
		Today, pearl barley is a favorite of the Japanese, while the grain is highly valued in Tibet and surrounding areas of the Himalayas for its ability to grow successfully in those high altitudes where weather conditions are extreme.
		The animals receive the healthiest of barley's by-products: hay, straw, green fodder, bran and pearlings (the outer layers of the barley that are removed to create pearl barley), barley malt sprouts, the grains that are left after brewers and distillers finish their process, and the hops and yeast left over after brewing beer.
		To illustrate the high value placed on barley during that period, farming communities relied on this grain as a unit of measurement as well as weight.
	www.vegparadise.com /highestperch410.html (4983 words)

	Currency and Measures of Gor
		- a unit of measure equalling 10 ah-il, or approx.
		A common unit of currency, with a rather high monetary value owing to the
		value of such items is entirely relative, owing greatly to the quality of the stones,
	members.tripod.com /Sar_Rarius/CurrencyMeasures.html (686 words)

	gloss
		The total market value of all goods and services produced within the political boundaries of an economy during a given period of time, usually one year.
		The treaty reflected the intention of the EC nations to broaden the scale of monetary and economic union and begin serious consideration of joint policies in regard to defense, citizenship, and the protection of the environment.
		It called for the eventual creation of a single currency, the European Currency Unit (ECU), and a central bank, which would coordinate the monetary policies of the central banks of the respective nations.
	www.trincoll.edu /classes/econ331-28-Ireland/gloss.htm (663 words)

	Brazil's Booming Agriculture Faces Obstacles - Amber Waves - November 2006 (Site not responding. Last check: 2007-11-03)
		To halt inflation, a new currency, the real, was introduced, which was initially pegged to the U.S. dollar and later followed a “crawling peg” policy of nominal depreciation of the real against the dollar.
		With the devaluation, prices of commodities in local currency increase whereas all costs measured in foreign currency decrease, leading to higher profit margins and increased revenues.
		The accumulated devaluation between 1999 and the peak nominal rate in mid-2002 was 217 percent and through the end of 2005, the accumulated depreciation was 82 percent.
	www.ers.usda.gov /AmberWaves/November06/Features/Brazil.htm (3272 words)

	Grover Cleveland and Sound Currency [Mackinac Center for Public Policy]
		This inconvertible paper currency begets the delusion that the remedy for private pecuniary distress is in legislative measures and makes the people unmindful of the fact that the true remedy is in greater production and less spending, and that real prosperity comes only from individual effort and thrift.
		In Hayes’s belief, "A currency worth less than it purports to be worth will in the end defraud not only creditors, but all who are engaged in legitimate business, and none more surely than those who are dependent on their daily labor for their daily bread."[9]
		In 1878, the bullion value of that much silver was about 89 cents; by 1890 it dropped to 81 cents; by 1893, it was worth 60 cents; and by 1895 it plummeted to a mere 50 cents.
	www.mackinac.org /8083 (4936 words)

	NewsMine.org - united nation pushing world currency.txt
		Keynes argued that the value of the currency ought not to be determined "in an unpredictable and irrelevant manner as, for example, by the technical progress of the gold industry....
		The European Currency Unit, or Ecu, was a composite of 12 European currencies designed to function as a single money, which was supposed to happen through an eventual fixing of exchange rates among currencies.
		Every country had its own individual currency, of course, but if that country wanted to be part of the international division of labor, it had to define its currency in terms of gold.
	newsmine.org /archive/cabal-elite/international-banking/currency/united-nation-pushing-world-currency.txt (3506 words)

	Highest_valued_currency_unit (Site not responding. Last check: 2007-11-03)
		The highest valued currency unit is the currency in which a single unit buys the highest number of any given other currency or the smallest amount of a given good.
		By way of comparison, the highest valued currency unit is the Kuwaiti dinar, valued at US$3.39248 as of January 3, 2005, with the Maltese Lira coming in a close second at US$3.11006.
		As of June 2005, the list of the highest valued currency units (all currencies for which 1 currency unit is worth more than 1 EUR) looks like this (numbers given as EUR per 1 currency unit):
	www.yournursery.com /search.php?title=Highest_valued_currency_unit (129 words)

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