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A reserve currency is a foreign currency that is held in significant quantities by central banks or other monetary authorities as part of their foreign exchange reserves. [citation needed] The reserve currency can be used in international transactions, international investments and all aspects of the global economy.
In 1998, economic historian J. Bradford DeLong estimated the total GWP in 1990 U.S. dollars for the main years between one million years BCE and 2000 CE (shown in the table below). [6] Estimates from 2000 onwards are based on world GDP, PPP estimates in 2021 constant international dollars from the World Bank and subsequently converted to 1990 US$.
After 1800, a rate of 5/– for 8 reales was used. The Bank then issued silver tokens for 5/– (struck over Spanish dollars) in 1804, followed by tokens for 1/6d and 3/– between 1811 and 1816. In 1816, a new silver coinage was introduced in denominations of 6d, 1/–, 2/6d (half-crown) and 5/– (crown). The crown was only issued ...
The Lockheed Martin/Boeing F-22 Raptor is an American twin-engine, all-weather, supersonic stealth fighter aircraft.As a product of the United States Air Force's Advanced Tactical Fighter (ATF) program, the aircraft was designed as an air superiority fighter, but also incorporates ground attack, electronic warfare, and signals intelligence capabilities.
Marrakesh or Marrakech (/ m ə ˈ r æ k ɛ ʃ, ˌ m ær ə ˈ k ɛ ʃ /; [3] Arabic: مراكش, romanized: murrākuš, pronounced [murraːkuʃ]) is the fourth-largest city in Morocco. [2] It is one of the four imperial cities of Morocco and is the capital of the Marrakesh–Safi region.
Bailouts came in the form of trillions of dollars of loans, asset purchases, guarantees, and direct spending. [49] Significant controversy accompanied the bailouts, such as in the case of the AIG bonus payments controversy , leading to the development of a variety of "decision making frameworks", to help balance competing policy interests ...
In the 21st century, Brazil became the eighth largest economy in the world. Originally, its exports were basic raw and primary goods, such as sugar, rubber and gold. Today, 84% of exports are of manufactured and semi-manufactured products. The period of great economic transformation and growth occurred between 1875 and 1975. [166]
The name for Sweden is generally agreed to derive from the Proto-Indo-European root *s(w)e, meaning "one's own", referring to one's own tribe from the tribal period. [15] [16] [17] The native Swedish name, Sverige (a compound of the words Svea and rike, first recorded in the cognate Swēorice in Beowulf), [18] translates as "realm of the Swedes", which excluded the Geats in Götaland.