XPayIndustry WIKIBack to home
XPAY KNOWLEDGE

Industry WIKI

Digital assets and currencies

Understand assets, networks and trading mechanics with sources you can check.

Fiat currencies

AM-Lira

The AM-lira (Allied-Military Currency) was the currency issued in Italy by Allied Military Government for Occupied Territories (AMGOT) after the Allied invasion of Sicily in 1943. 100 AM-lire were worth 1 US dollar.

Fiat currencies

Decimalisation

Decimalisation or decimalization (see spelling differences) is the conversion of a system of currency or of weights and measures to units related by powers of 10.

Fiat currencies

East African shilling

The East African shilling was the sterling unit of account in British-controlled areas of East Africa from 1921 until 1969. It was issued by the East African Currency Board. It is also the proposed name for a common currency that the East African Community plans to introduce.

Banking

Euro short-term rate

The Euro Short-Term Rate (€STR) is a reference rate for the euro. This interest rate can be used as the rate referenced in financial contracts that involve the euro. €STR is administered and calculated by the European Central Bank (ECB), based on the money market statistical reporting of the Eurosystem. According to the indications of the working group on euro risk-free rates, €STR repla

Trading basics

Lebanese pound

Lebanese pound or Lebanese lira is the currency of Lebanon. It was formerly divided into 100 piastres (Arabic: قرش qirsh) but, because of high inflation during the Lebanese Civil War (1975–1990), subunits were discontinued.

Fiat currencies

List of currencies in Europe

There are 26 currencies currently used in the 50 countries of Europe. All de facto present currencies in Europe, and an incomplete list of the preceding currency, are listed here.

Fiat currencies

Mill (currency)

The mill (American English), mil (Commonwealth English, except Canada), or millieme (from French) is a subunit of currency, used in several countries as 1⁄1000 of the base unit. It is symbolized as ₥ (U+20A5 ₥ MILL SIGN).

Fiat currencies

New Guinean pound

The pound was the currency of the Australian Territory of New Guinea between 1915 and 1966, and replaced the New Guinean mark when Australia occupied the former German colony at the end of World War I. The New Guinean pound was subdivided into 20 shillings, each of 12 pence, and was equal to the Australian pound.

Banking

New Zealand pound

The pound (symbol £, £N.Z. for distinction) was the currency of New Zealand from 1933 until 1967, when it was replaced by the New Zealand dollar. Prior to this, New Zealand used the pound sterling since the Treaty of Waitangi in 1840. Like the pound sterling, it was subdivided into 20 shillings (abbreviation s or /) each of 12 pence (symbol d).

Fiat currencies

Peruvian sol

The sol (Spanish pronunciation: [sol]; plural: soles; currency sign: S/) is the currency of Peru; it is subdivided into 100 céntimos ("cents"). The ISO 4217 currency code is PEN.

Fiat currencies

Peruvian sol (1863–1985)

The sol, later sol de oro (English: gold sol), was the currency of Peru between 1863 and 1985. It had the ISO 4217 currency code PES. It was subdivided into 10 dineros or 100 centavos. It also had two different superunits over its circulation life, the inca (1881–1882) and later the gold pound (1898–1931, abbreviated Lp.), both worth 10 soles.

Fiat currencies

Piastre

The piastre or piaster (English: ) is any of a number of units of currency. The term originates from the Italian for "thin metal plate". The name was applied to Spanish and Hispanic American pieces of eight, or pesos, by Venetian traders in the Levant in the 16th century.

Fiat currencies

Pound (currency)

Pound is a name of various base units of currency, and the name of some of those currencies by extension. It is used in some countries today and previously was used in many others. The English word pound derives from the Latin expression lībra pondō, 'a pound by weight', in which lībra means 'scale' or 'balance' and pondō means 'pound' or 'weight'. The currency's symbol is £, a stylised

Fiat currencies

Pound sign

The pound sign (£) is the symbol for the pound, the modern unit of account of sterling (the currency of the United Kingdom) and of other currencies such as the Egyptian and Syrian pounds. The sign may be drawn with one or two bars depending on personal preference, but the Bank of England has used the one-bar style exclusively on banknotes since 1975.

Fiat currencies

Redenomination

In monetary economics, redenomination is the process of changing the face value of banknotes and coins in circulation. It may be done because inflation has made the currency unit so small that only large denominations of the currency are in circulation. In such cases the name of the currency may change or the original name may be used with a temporary qualifier such as "new". Redenominat

Fiat currencies

Shilling

The shilling is a historical coin and the name of a unit of modern currencies formerly used in the United Kingdom, Australia, New Zealand, other British Commonwealth countries and Ireland. It was generally equivalent to 12 pence, one-twentieth of a pound (worth 240 pence before decimalization), and was largely phased out during the 1960s and 1970s.

Fiat currencies

Snake in the tunnel

The snake in the tunnel was a system of European monetary cooperation in the 1970s which aimed at limiting fluctuations between different European currencies. It was the first attempt at European monetary cooperation. It attempted to create a single currency band for the European Economic Community (EEC), essentially pegging all the EEC currencies to one another.

Banking

South African pound

The pound (Afrikaans: pond; symbol £, £SA for distinction) was the currency of the Union of South Africa from the formation of the country as a British dominion in 1910. It was replaced by the rand in 1961 when South Africa decimalised.