query: what is the currency in france?

title: Reserve currency

text: the undisputed reserve currency of the world allows the United States to impose unilateral sanctions against actions performed between other countries, for example the American fine against BNP Paribas for violations of U.S. sanctions that were not laws of France or the other countries involved in the transactions. In 2014 Beijing and Moscow signed a 150 billion yuan central bank liquidity swap line agreement to get around American sanctions on their behaviors. The euro is currently the second most commonly held reserve currency, comprising about a quarter of allocated holdings. After World War II and the rebuilding of the German

title: Currency board

text: Currency board A currency board is a monetary authority which is required to maintain a fixed exchange rate with a foreign currency. This policy objective requires the conventional objectives of a central bank to be subordinated to the exchange rate target. The main qualities of an orthodox currency board are: The currency board in question will no longer issue fiat money but instead will only issue one unit of local currency for each unit (or decided amount) of foreign currency it has in its vault (often a hard currency such as the U.S. dollar or the euro). The surplus on

title: Currency pair

text: a dot or a dash. A widely traded currency pair is the relation of the euro against the US dollar, designated as EUR/USD. The quotation "EUR/USD 1.2500" means that one euro is exchanged for 1.2500 US dollars. Here, EUR is the base currency and USD is the quote currency(counter currency). This means that 1 Euro can be exchangeable to 1.25 US Dollars. The most traded currency pairs in the world are called the "Majors". They involve the currencies euro, US dollar, Japanese yen, pound sterling, Australian dollar, Canadian dollar, and the Swiss franc. Currency quotations use the abbreviations for currencies

title: Currency substitution

text: in a context of stable macroeconomic fundamentals and long-standing unofficial currency substitution. The eurozone adopted the euro (€) as its common currency and sole legal tender in 1999, which might be considered a variety of full-commitment regime similar to full currency substitution despite some evident differences from other currency substitutions. For more on dollarisation, cf. Fields, David, and Matías Vernengo. "Dollarization." The Wiley-Blackwell Encyclopedia of Globalization (2013). There are two common indicators of currency substitution. The first measure is the share of foreign currency deposits (FCD) in the domestic banking system in the broad money including FCD. The second is

title: What Is the What

text: That Happens Will Happen Today". Tom Tykwer plans to adapt the novel into a film. In 2009, the novel received the Prix Médicis étranger in France. What Is the What What Is the What: The Autobiography of Valentino Achak Deng is a 2006 novel written by Dave Eggers. It is based on the life of Valentino Achak Deng, a Sudanese child refugee who immigrated to the United States under the Lost Boys of Sudan program. It was a finalist for the National Book Award. As a boy, Achak is separated from his family during the Second Sudanese Civil War when

title: What The Fuck France?

text: created What the Fuck France. In 2018 he followed the program with a documentary entitled Stereotrip. The videos take a tongue-in-cheek look at quintessential parts of French culture. Telerama deemed the series "excellent". The Local reported that some viewers deemed the series lighthearted humour, while others thought it was French bashing. What The Fuck France? What The Fuck France (aka What's Up France) is a Franglais YouTube channel created by Paul Taylor, in which he comments on French culture and language. Paul Taylor has Anglo-Irish ancestry, and spends his time between England, France, Quebec and Spain. Prior to creating the

title: What The Fuck France?

text: What The Fuck France? What The Fuck France (aka What's Up France) is a Franglais YouTube channel created by Paul Taylor, in which he comments on French culture and language. Paul Taylor has Anglo-Irish ancestry, and spends his time between England, France, Quebec and Spain. Prior to creating the series, Taylor worked at Apple. In 2016, Taylor started a standup called Franglais, where he spoke about his experiences as an expatriate in France. Then, he wrote a YouTube skit called La Bise, about the French kiss, which racked up 3 million hits. Subsequently, he was contacted by Canal+ who together

title: Currency board

text: Helena continue to operate currency boards, backing their locally printed currency notes with pound sterling reserves. A gold standard is a special case of a currency board where the value of the national currency is linked to the value of gold instead of a foreign currency. For a precise definition of what constitutes a currency board, including past examples, see: Currency board A currency board is a monetary authority which is required to maintain a fixed exchange rate with a foreign currency. This policy objective requires the conventional objectives of a central bank to be subordinated to the exchange rate

title: Local currency

text: in Canada and over 400 in the United Kingdom. Australia, France, New Zealand, and Switzerland have similar systems. Kenya: Senegal: South Africa: Japan: Hong Kong: Indonesia: Malaysia: Bangladesh [Chandpur Chittagonj Dhaka] Australia: Canada: "See List of Canadian community currencies"<br> Mexico: United States: "See List of community currencies in the United States" Argentina: Brazil: Venezuela: Austria: Belgium: Czech Republic: Denmark: France: Germany: Hungary: Greece: Italy: Latvia: Malta: Netherlands: Russia: Slovakia: Spain: Switzerland: Ukraine: United Kingdom: [[Category:Local currencies| ]] [[Category:Freiwirtschaft]] [[Category:Localism (politics)]] [[Category:Monetary reform]] [[Category:Community building]] Local currency In economics, a local currency is a currency that can be spent in a

title: What Is the What

text: What Is the What What Is the What: The Autobiography of Valentino Achak Deng is a 2006 novel written by Dave Eggers. It is based on the life of Valentino Achak Deng, a Sudanese child refugee who immigrated to the United States under the Lost Boys of Sudan program. It was a finalist for the National Book Award. As a boy, Achak is separated from his family during the Second Sudanese Civil War when the Arab militia, referred to as "murahaleen" (which is Arabic for the deported), wipes out his Dinka village, Marial Bai. During the assault, he loses sight

title: What Is the Third Estate?

text: What Is the Third Estate? What Is the Third Estate? () is a political pamphlet written in January 1789, shortly before the outbreak of the French Revolution, by the French thinker and clergyman Abbé Emmanuel Joseph Sieyès (1748–1836). The pamphlet was Sieyès' response to finance minister Jacques Necker's invitation for writers to state how they thought the Estates-General should be organized. In the pamphlet, Sieyès argues that the third estate – the common people of France – constituted a complete nation within itself and had no need of the "dead weight" of the two other orders, the first and second

title: Currency analytics

text: to forecasted cash flows and don’t allow hedging economic risk. Currency analytics allow companies to mitigate cash flow risk by uncovering accounting exposures to match the economic exposures so the company can hedge the accounting exposure as a proxy. Currency analytics enable what/if scenario analysis so companies can model how volatility in particular currencies could impact their revenue and expenses in the future. Currency analytics Companies that do business in more than one currency are exposed to exchange rate risk – that is, changes in the value of one currency versus another. Exchange rate risk (also known as foreign exchange

title: International Convention for the Suppression of Counterfeiting Currency

text: International Convention for the Suppression of Counterfeiting Currency The International Convention for the Suppression of Counterfeiting Currency () is a 1929 League of Nations treaty whereby states agree to criminalise acts of currency counterfeiting. It remains the principal international agreement on currency counterfeiting. States that ratify the Convention agree to criminalise the creation, use, and exportation or importation of counterfeit currency. Under the agreement, no distinction is to be made as to what currency is the subject of the crime. Under the treaty, currency counterfeiting is an extraditable offence. States also agree to establish a central office that will forward

title: What Is a Nation?

text: What Is a Nation? "What is a Nation?" ("Qu'est-ce qu'une nation?") is an 1882 lecture by French historian Ernest Renan (1823–1892), known for the statements that a nation is "a daily referendum", and that nations are based as much on what the people jointly forget, as what they remember. It is frequently quoted or anthologized in works of history or political science pertaining to nationalism and national identity. Renan wrote "What is a Nation" in order to symbolize the nationalism which was born in France as a result of the French Revolution of 1789. Renan begins his essay by noting

title: Currency symbol

text: its new currency symbol, ₹ () on 15 July 2010. It is a blend of the Latin letter 'R' with the Devanagari letter 'र' (ra). When writing currency amounts, the location of the symbol varies by currency. Many currencies in the English-speaking world and Latin America place it before the amount (e.g., R$50,00). The Cape Verdean escudo places its symbol in the decimal separator position (i.e., 20$00). In many European countries such as France, Germany, Greece, Scandinavian countries, the symbol is usually placed after the amount (e.g., 20,50 €). The decimal separator also follows local countries' standards. For instance, the

title: Currency union

text: Currency union A currency union (also known as monetary union) involves two or more states sharing the same currency without them necessarily having any further integration (such as an economic and monetary union, which would have, in addition, a customs union and a single market). Three types of currency unions exist: The theory of the optimal currency area addresses the question of how to determine what geographical regions should share a currency in order to maximize economic efficiency. Note: Every customs and monetary union and economic and monetary union also has a currency union. Additionally the autonomous and dependent territories,

title: What Is a Nation?

text: French citizen has to have forgotten the massacre of Saint Bartholomew, or the massacre that took place in the South in the thirteenth century. While many nations, such as France, begin with a feudal regime such as a monarchy, others, such as the United States and Switzerland, are formed by acts of consensual aggregation. France and many others, however, survived their feudal roots while maintaining their identity. Renan inquires what is the organizing principle? It can't be race, because France is "Celt, Iberian, German...The most noble countries, England, France and Italy, are the ones where the blood is most mixed."

title: Currency Act

text: the debt from King William’s War. Other colonies quickly followed suit, and by 1715 ten of the thirteen had resorted to the issuance of paper currency. Economist Stanley Finkelstein highlights the advantage of paper currency, “that unless it is backed by specie it is cost free currency.” The paper currency depreciated quickly because the colonies printed more than what was taxed out of circulation. By 1740, Rhode Island bills of exchange were only four percent of face value and those of Massachusetts were eleven percent. The money supply was growing at a much faster rate than that of the overall

title: What Is Love

text: at number two in the United Kingdom and Germany and hit number one in 13 other countries: Austria, Belgium, Denmark, Finland, France, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Switzerland and Zimbabwe. Debuting at number 87 on 28 August 1993, the song reached number 11 on the Hot 100 in the United States. The song also peaked at number 12 in Australia. By March 1994, worldwide sales of "What Is Love" had already reached 2.6 million. When asked about the meaning of "What Is Love" in a 2015 interview, Haddaway said: "Billboard" wrote about the song: "Glorious pop/house ditty recently topped

title: Currency swap

text: who will pass it on to the American company so it can pay its U.S. bondholders. At maturity, the American company will pay £100 million to the swap bank who will pass it on to the British company so it can pay its British bondholders. It is well recognized that traditional "textbook" theory does not price cross currency (basis) swaps correctly, because it assumes the funding cost in each currency to be equal to its floating rate, thus always giving a zero cross currency spread. This is clearly contrary to what is observed in the market. In reality, market participants

title: What Is the What

text: writes: "Over the course of many years, Dave and I have collaborated to tell my story... I told [him] what I knew and what I could remember, and from that material he created this work of art." The book is typical of Eggers' style: blending non-fictional and fictional elements into a non-fiction novel or memoir. By classifying the book a novel, Eggers says, he freed himself to re-create conversations, streamline complex relationships, add relevant detail and manipulate time and space in helpful ways—all while maintaining the essential truthfulness of the storytelling. However, not all critics were impressed. Lee Siegel sees

title: Occitan (local currency)

text: started his career in Pézenas. To maintain an individual bill's validity, a "scrip" corresponding to 2% of the banknote value must be paid every six months. (This system, called demurrage, is a form of currency circulation tax and was invented by Silvio Gesell.) Occitan (local currency) Occitan is the name of a community currency started in 2010 in Pézenas, Languedoc-Roussillon, France. It is named after the Occitan language. The Occitan program is intended to promote local commerce. The Occitan operates with a fixed exchange rate: = There is a fixed commission of 4% for members (shops) and 6% for individuals.

title: Abeille (local currency)

text: reverse. To maintain an individual bill's validity, a "scrip" corresponding to 2% of the banknote value must be paid every six months. (This system, called demurrage, is a form of currency circulation tax and was invented by Silvio Gesell.) Abeille (local currency) Abeille is the name of a community currency started in 2010 in Villeneuve-sur-Lot, France. It is named after the French word for bee. The Abeille program is intended to promote local commerce. The Abeille operates with a fixed exchange rate: = An initiative of a local NGO, "Agir pour le vivant" (Act for the living), the Abeille is

title: Somewhere In France Is the Lily

text: M. Witmark & Sons in New York City in 1917. The song uses the imagery of the rose and the lily to represent England and France respectively, and emphasizes the cooperation and closeness of the two countries in World War I. Cover art for the composition shows that the sheet music was priced at US$0.50, and in 1918, a phonograph of the song (coupled with "My Sweetheart is Somewhere in France" sung by Elizabeth Spencer) could be purchased through Victor Records for $0.75. The score went through approximately seven printings. Somewhere In France Is the Lily "Somewhere In France Is

title: Currency-counting machine

text: Currency-counting machine A currency-counting machine is a machine that counts money—either stacks of banknotes or loose collections of coins. Counters may be purely mechanical or use electronic components. The machines typically provide a total count of all money, or count off specific batch sizes for wrapping and storage. Currency counters are commonly used in vending machines to determine what amount of money has been deposited by customers. In some modern automated teller machines, currency counters allow for cash deposits without envelopes, since they can identify which bills have been inserted instead of just how many. The user is given the

title: What is Living and What is Dead in Indian Philosophy

text: What is Living and What is Dead in Indian Philosophy What is Living and What is Dead in Indian Philosophy is a 1976 book by Debiprasad Chattopadhyaya. Explaining the relationship between the soul and consciousness in the Nyaya-Vaisesika philosophy, Debiprasad Chattopadhyaya makes three points. First, consciousness in this view is knowledge (jnana) in an empirical sense. Second, consciousness is one of the multiple qualities of the soul. Third, consciousness is a transient quality, not a permanent quality. By itself, the soul is without consciousness; consciousness is produced in the soul only when it is conjoined with certain other entities. Hiriyanna,

text: commenting on this point, notes: Hiriyanna expresses his perplexity in reviewing the Nyaya-Vaisesika view of consciousness, and then comes out with a comment equating this view with the Charvaka view of consciousness: What is Living and What is Dead in Indian Philosophy What is Living and What is Dead in Indian Philosophy is a 1976 book by Debiprasad Chattopadhyaya. Explaining the relationship between the soul and consciousness in the Nyaya-Vaisesika philosophy, Debiprasad Chattopadhyaya makes three points. First, consciousness in this view is knowledge (jnana) in an empirical sense. Second, consciousness is one of the multiple qualities of the soul. Third,

title: Currency

text: a circulating medium could only be as sound as the forces that defended that store. Trade could only reach as far as the credibility of that military. By the late Bronze Age, however, a series of treaties had established safe passage for merchants around the Eastern Mediterranean, spreading from Minoan Crete and Mycenae in the northwest to Elam and Bahrain in the southeast. It is not known what was used as a currency for these exchanges, but it is thought that ox-hide shaped ingots of copper, produced in Cyprus, may have functioned as a currency. It is thought that the

title: Digital currency

text: addition, over 90 central banks are engaged in DLT discussions, including implications of a central bank issued digital currency. In March 2018, the Marshall Islands became the first country to issue their own cryptocurrency and certify it as legal tender; the currency is called the "sovereign". Canada The Bank of Canada have explored the possibility of creating a version of its currency on the blockchain. The Bank of Canada teamed up with the nation’s five largest banks — and the blockchain consulting firm R3 — for what was known as Project Jasper. In a simulation run in 2016, the central

title: Europa (currency)

text: Europa (currency) The europa was a token coinage created in 1928 by Joseph Archer, a politician and industrialist from the Nièvre region of France. The currency was promoted by Philibert Besson, the elected deputy for the Haute-Loire who, along with Archer, was an important figure in the early European federalist movement. The coins were minted in the name of a hypothetical "Federated States of Europe" ("États Fédérés d'Europe"). Unlike contemporary currencies that were based on the gold standard, the europa derived its notional value from labour. The currency never circulated except unofficially between federalists of the Nièvre region. Two denominations

title: Virtual currency law in the United States

text: or statute. Virtual currency law in the United States United States virtual currency law is financial regulation as applied to transactions in virtual currency in the U.S. The Commodity Futures Trading Commission has regulated and may continue to regulate virtual currencies as commodities. The Securities and Exchange Commission also requires registration of any virtual currency traded in the U.S. if it is classified as a "security" and of any trading platform that meets its definition of an exchange. The regulatory structure also includes tax regulations and FINCEN transparency regulations between financial exchanges and the individuals and corporations with whom they

text: Virtual currency law in the United States United States virtual currency law is financial regulation as applied to transactions in virtual currency in the U.S. The Commodity Futures Trading Commission has regulated and may continue to regulate virtual currencies as commodities. The Securities and Exchange Commission also requires registration of any virtual currency traded in the U.S. if it is classified as a "security" and of any trading platform that meets its definition of an exchange. The regulatory structure also includes tax regulations and FINCEN transparency regulations between financial exchanges and the individuals and corporations with whom they conduct business.

title: Currency

text: relative values of the different currencies. Currencies in this sense are defined by governments, and each type has limited boundaries of acceptance. Other definitions of the term "currency" are discussed in their respective synonymous articles banknote, coin, and money. The latter definition, pertaining to the currency systems of nations, is the topic of this article. Currencies can be classified into two monetary systems: fiat money and commodity money, depending on what guarantees the value (the economy at large vs. the government's physical metal reserves). Some currencies are legal tender in certain political jurisdictions. Others are simply traded for their economic

title: The World Is What It Is

text: The World Is What It Is The World Is What It Is: The Authorized Biography of V. S. Naipaul is a biography of the Nobel Prize-winning author V. S. Naipaul by Patrick French. It was published in 2008 (by Picador in the UK and Knopf in the USA). The title is a quotation from Naipaul's book "A Bend in the River". "The world is what it is; men who are nothing, who allow themselves to become nothing, have no place in it." French deals with Naipaul's family background and his life from his birth in 1932 until his second marriage

title: New France livre

text: New France livre The livre was the currency of New France, the French colony in modern-day Canada. It was subdivided into 20 "sols", each of 12 "deniers". The New France livre was a French colonial currency, distinguished by the use of paper money. After an initial period during which barter prevailed, the French livre began to circulate. In order to encourage coins into the colony, those circulating in New France were valued at a premium, creating a "monnoye de pays" (monnaie de pays in Modern French) worth less than the French currency ("monnoye de France", monnaie de France in Modern

title: Occitan (local currency)

text: Occitan (local currency) Occitan is the name of a community currency started in 2010 in Pézenas, Languedoc-Roussillon, France. It is named after the Occitan language. The Occitan program is intended to promote local commerce. The Occitan operates with a fixed exchange rate: = There is a fixed commission of 4% for members (shops) and 6% for individuals. An initiative of a local shopkeeper organization, ACA, the Occitan is intended to stimulate of local economy. They have a 1-year validity. Bills of 1, 2, 5, and 10 Occitans are issued. They feature an Occitan cross and the portrait of Molière who

text: 38.1% in 2013. This Internet growth is characterized by a consumer demand for a decentralized Internet experience that is not limited or dependent on traditional institutions and governments. This movement aims to create an Internet based on the idea of Virtual, Distributed Parallel (VDP) States, "acting as a kind of organizational counterpoint to that State's governing bodies". Crypto-currency and other virtual currencies are the VDP movements' currency alternative to traditional currency and traditional financial institutions. The current amount of VC use in the global market is unlikely to significantly affect the Federal Reserve's ability to conduct monetary policy; however, if

title: Currency Act

text: than what was taxed out of circulation, the currency depreciated in relation to the British pound sterling. The resultant inflation was harmful to merchants in Great Britain, who were forced to accept the depreciated currency from colonists for payment of debts. The Act limited the future issue of bills of credit to certain circumstances. It allowed the existing bills to be used as legal tender for public debts (i.e. paying taxes), but disallowed their use for private debts (e.g. for paying merchants). The Currency Act 1764 (4 Geo. III c. 34) extended the 1751 Act to all of the British

title: Abeille (local currency)

text: Abeille (local currency) Abeille is the name of a community currency started in 2010 in Villeneuve-sur-Lot, France. It is named after the French word for bee. The Abeille program is intended to promote local commerce. The Abeille operates with a fixed exchange rate: = An initiative of a local NGO, "Agir pour le vivant" (Act for the living), the Abeille is intended to: Bills of 1, 2, 5, and 10 Abeille are issued. They feature drawings from the painter Jean-Claude Maurel on the obverse, and a photograph of a bee on a flower by the photographer Christian Aymé on the

title: Somewhere In France Is the Lily

text: Somewhere In France Is the Lily "Somewhere In France Is the Lily" is a World War I march composed in 1918 by Joseph E. Howard with lyrics written by Philander Chase Johnson. It became a hit twice in 1918, charting when released by Charles Hart and by Henry Burr. The song presents a young couple separated by war but held together by love and the sentimental value of lily flowers. The lyrics and cover art are in the public domain. The song was originally sung and composed by Joseph E. Howard, with words by Philander Johnson. It was published by

title: Currency pair

text: Currency pair A currency pair is the quotation of the relative value of a currency unit against the unit of another currency in the foreign exchange market. The currency that is used as the reference is called the counter currency, quote currency or currency and the currency that is quoted in relation is called the base currency or transaction currency. Currency pairs are generally written by concatenating the ISO currency codes (ISO 4217) of the base currency and the counter currency, and then separating the two codes with a slash. Alternatively the slash may be omitted, or replaced by either

title: British currency in the Middle East

text: by the British authorities in 1927, the Palestine pound was introduced, equal in value to the Pound sterling. The Palestine pound was also declared a legal tender in the Transjordan Emirate, which was technically a part of the British Mandate, though having an autonomous local administration. The body which governed the issue of the currency was the Palestine Currency Board, which was subject to the British Colonial Office. The Currency Board was dissolved in May 1948, as the British Mandate ended. The area in which the Palestine pound circulated was divided into several political entities: the State of Israel, the

title: British currency in the Middle East

text: until after the Indian mutiny of 1857. Hence the imperial-order-of-council of 1825 did not apply to India. As such, the already circulating silver rupee continued to be the currency of India for the entire duration of the British Raj, and afterwards into independence. The Indian rupee was not only the currency of India but also the currency of an extended region beyond, which stretched across the Indian Ocean to the east coast of Africa, up through the horn of Africa, through Aden and Muscat in Southern Arabia and Eastern Arabia, and along the Arabian coast of the Persian Gulf, extending

title: Currency substitution

text: currency substitution by adopting the US dollar as legal tender in 1904. This type of currency substitution is also known as de jure currency substitution. Currency substitution can be used semiofficially (or officially bimonetary systems), where the foreign currency is legal tender alongside the domestic currency. In literature, there is a set of related definitions of currency substitution such as external liability currency substitution, domestic liability currency substitution, banking sector's liability currency substitution or deposit currency substitution, and credit dollarlization. External liability currency substitution measures total external debt (private and public) denominated in foreign currencies of the economy. Deposit currency

title: Europa (currency)

text: were produced, both depicting Louis Pasteur and a map of Europe on the obverse and reverse respectively: one valued at 1 europa and another at 1/10 of a europa. Europa (currency) The europa was a token coinage created in 1928 by Joseph Archer, a politician and industrialist from the Nièvre region of France. The currency was promoted by Philibert Besson, the elected deputy for the Haute-Loire who, along with Archer, was an important figure in the early European federalist movement. The coins were minted in the name of a hypothetical "Federated States of Europe" ("États Fédérés d'Europe"). Unlike contemporary currencies

title: Currency war

text: suggested a new currency war may be beneficial for countries suffering from trade deficits, noting that in the 1930s it was the big surplus countries that were severely impacted once competitive devaluation began. He also suggested that overly confrontational tactics may backfire on the US as they may damage the status of the dollar as a global reserve currency. Ben Bernanke, chairman of the US Federal Reserve, also drew a comparison with competitive devaluation in the inter-war period, referring to the sterilisation of gold inflows by France and America which helped them sustain large trade surpluses, but which also caused

title: The World Is What It Is

text: in 1996. The biography has been extensively reviewed: the reviewers include Paul Theroux, who wrote an earlier book about Naipaul. The biography was selected by the editors of the "New York Times Book Review" as one of the "Times"' "10 Best Books of 2008". It won the 2008 National Book Critics Circle Award in Biography, and the British literary award the Hawthornden Prize. The World Is What It Is The World Is What It Is: The Authorized Biography of V. S. Naipaul is a biography of the Nobel Prize-winning author V. S. Naipaul by Patrick French. It was published in

title: This Is What You Came For

text: France, Hungary, Italy, the Netherlands, Norway, Portugal and Slovakia. The song has reached the top 10 in all except three of the countries it has charted in. Taylor Swift performed "This is What You Came For" on the piano for the first time live at the United States Grand Prix in Austin, Texas, on 22 October 2016. Swift then performed an acoustic guitar version at the DirecTV Super Saturday Night in Houston, Texas, on 4 February 2017. This Is What You Came For "This Is What You Came For" is a song by Scottish DJ and record producer Calvin Harris,

title: What Is the Fastest Thing in the World?

text: What Is the Fastest Thing in the World? What Is the Fastest Thing in the World? is a Greek fairy tale collected by Georgios A. Megas in "Folktales of Greece". It is Aarne-Thompson type 875 and has many Greek and Slavic variants, generally revolving about the exchange of clever answers. This type of tale is the commonest European tale dealing with witty exchanges. In ballad form, the clever answers to the riddles, and the winning of a husband by them, are found in Child ballad 1, "Riddles Wisely Expounded". A brother argue over how they should split their land, some

title: British currency in the Middle East

text: today and the currency that is used in the United Kingdom. British currency in the Middle East British involvement in the Middle East began with the Aden Settlement in 1839. The British East India Company established an anti-piracy station in Aden to protect British shipping that was sailing to and from India. The Trucial States were similarly brought into the British Empire as a base for suppressing sea piracy in the Persian Gulf. Involvement in the region expanded to Egypt because of the Suez canal, as well as to Bahrain, Qatar, and Muscat. Kuwait was added in 1899 because of

title: British currency in the Middle East

text: British West Indies. East Africa and the Middle East were late additions to the British Empire, and by then, the British government had already learned from experience in Canada, India and Hong Kong that it is highly impractical to impose a new currency in the place of already existing practices. In the history of Britain's involvement in the Middle East region, the sterling coinage never formed a part of the circulating currency. The sterling unit of account, however, entered the region through Palestine in 1927, in the form of the Palestine pound. The Palestine pound was introduced into Palestine in

title: Currency war

text: export unemployment. However, because the effects of a devaluation would soon be offset by a corresponding devaluation and in many cases retaliatory tariffs or other barriers by trading partners, few nations would gain an enduring advantage. The exact starting date of the 1930s currency war is open to debate. The three principal parties were Britain, France, and the United States. For most of the 1920s the three generally had coinciding interests; both the US and France supported Britain's efforts to raise Sterling's value against market forces. Collaboration was aided by strong personal friendships among the nations' central bankers, especially between

title: British currency in the Middle East

text: is said that the British Empire had three currency zones, and that the three currencies were the pound sterling, the dollar, and the rupee. The situation in the British territories of the Middle East was however somewhat complicated, because it involved a situation in which Indian rupees, Turkish piastres, and Egyptian piastres gradually gave way to systems based on units of the sterling system, but without ever involving the introduction of the full sterling coinage. The situation as regards currency in the British territories in the Middle East was quite different from the situation as regards the currencies of the

title: What Is Love (V. Bozeman song)

text: is brief and melancholy, but it’s long enough for the Los Angeles-born vocalist to turn heads and establish herself as a rising star. The music video was released on January 14, 2015. "What is Love" has not entered the "Billboard" Hot 100 but has charted at number 12 on the Bubbling Under Hot 100 Singles, the song has entered at number 39 in the US R&B songs and at number 13 in the US Hot R&B/Hip-Hop Songs. It has also entered at number 67 in France. What Is Love (V. Bozeman song) "What is Love" is a song recorded by

title: Currency substitution

text: the share of all foreign currency deposits held by domestic residents at home and abroad in their total monetary assets. Unofficial currency substitution or de facto currency substitution is the most common type of currency substitution. Unofficial currency substitution occurs when residents of a country choose to hold a significant share of their financial assets in foreign currency, even though the foreign currency is not legal tender there. They hold deposits in the foreign currency because of a bad track record of the local currency, or as a hedge against inflation of the domestic currency. Official currency substitution or full

title: Currency analytics

text: Currency analytics Companies that do business in more than one currency are exposed to exchange rate risk – that is, changes in the value of one currency versus another. Exchange rate risk (also known as foreign exchange risk, FX risk, or currency risk) is especially high in periods of high currency volatility. Currency analytics are technology tools that enable global companies to manage the risk associated with currency volatility. Currency analytics often involve automation that helps companies access and validate currency exposure data and make decisions that mitigate currency risk. Currency volatility can impact a company’s balance sheet and/or cash

title: What Is the What

text: "we really hadn’t decided whether I was just helping Valentino write his own book, or if I was writing a book about him." Valentino points out that, "I thought I might want to write my own book, but I learned that I was not ready to do this. I was still taking classes in basic writing at Georgia Perimeter College." Dave Eggers discusses the difficulties in writing a book of this nature: "For a long while there, we continued doing interviews, and I gathered the material. But all along, I really didn’t know exactly what form it would finally take—whether

title: Reserve currency

text: Reserve currency A reserve currency (or anchor currency) is a currency that is held in significant quantities by governments and institutions as part of their foreign exchange reserves. The reserve currency is commonly used in international transactions, international investments and all aspects of the global economy. It is often considered a hard currency or safe-haven currency. People who live in a country that issues a reserve currency can purchase imports and borrow across borders more cheaply than people in other nations because they do not need to exchange their currency to do so. By the end of the 20th century,

title: Currency lads and lasses

text: of illegality, inferior quality, and subordination. By analogy, native-born colonials came to be known as "currency", in contrast to the British-born "sterling". The first reference in print to the native-born being called "currency" was in the "Sydney Gazette" of 13 September 1822, in a letter signed by "Lydia Languish" calling for more social events to be organised for "currency lasses". As applied to people rather money, the term originally had derogatory connotations – by the early 1820s, "currency had stuck for male and female native-born and everyone knew what it implied". However, it was soon reclaimed by the native-born as

title: Local currency

text: Local currency In economics, a local currency is a currency that can be spent in a particular geographical locality at participating organisations. A regional currency is a form of local currency encompassing a larger geographical area. A local currency acts as a complementary currency to a national currency, rather than replacing it, and aims to encourage spending within a local community, especially with locally owned businesses. The currency may not be backed by a national government or be legal tender. About 300 complementary currencies, including local currencies, are listed in the Complementary Currency Resource Center worldwide database. Some definitions: The

title: Currency overlay

text: is generally increased by adding currency exposure, yet there is no risk premium earned for that added volatility in the long term. Thus investors with international portfolios often hedge their currency risk, normally using forward currency contracts, currency swaps, currency futures contracts, or currency options. Currency hedging can be done passively or actively. The stream of returns from passive currency overlay is negatively correlated with international equities, has an expected return of zero, and does not employ any capital. The overlay manager uses forward contracts to match the portfolio’s currency exposures in such a way as to insure against exchange

title: What Is the Fastest Thing in the World?

text: owner. She called out which was the rightful owner, and the king said she had meddled and must go home. She asked him to eat one last meal with her, and then she drugged it. When he was asleep, she put him in the carriage and went home. When the king woke, she told him she was entitled to him, because she valued him most of everything in the castle. The king took her back to the castle and gave her the right to judge all his affairs. What Is the Fastest Thing in the World? What Is the Fastest

title: Hard currency

text: Hard currency Hard currency, safe-haven currency or strong currency is any globally traded currency that serves as a reliable and stable store of value. Factors contributing to a currency's "hard" status might include the long-term stability of its purchasing power, the associated country's political and fiscal condition and outlook, and the policy posture of the issuing central bank. Safe haven currency is defined as a currency which behaves like a hedge for a reference portfolio of risky assets conditional on movements in global risk aversion. Conversely, a soft currency indicates a currency which is expected to fluctuate erratically or depreciate

title: Card money in New France

text: Card money in New France Card money was in use in New France in the seventeenth and eighteenth centuries. The growth of French colonization, which began about the middle of the 17th century, was accompanied by continual difficulty in finding sufficient currency for the needs of settlers, merchants and government establishments. The government of France, involved in almost continuous financial difficulties on its own account, was extremely hard pressed to finance the support and development of its outposts in New France (Bank of Canada, 1966, p. 6). In 1685, the colonial authorities in New France found themselves particularly insolvent. A

title: Currency substitution

text: displaced by a stable currency. At the beginning of this process, the store-of-value function of the domestic currency is replaced by the foreign currency. Then, the unit-of-account function of the domestic currency is displaced when many prices are quoted in a foreign currency. A prolonged period of high inflation will induce the domestic currency to lose its function as medium of exchange when the public carries out many transactions in foreign currency. Ize and Levy-Yeyati (1998) examine the determinants of deposit and credit currency substitution, concluding that currency substitution is driven by the volatility of inflation and the real exchange

title: What She Is (Is a Woman in Love)

text: What She Is (Is a Woman in Love) "What She Is (Is a Woman in Love)" is a song written by Bob McDill and Paul Harrison and recorded by American country music artist Earl Thomas Conley. It was released in February 1988 as the lead single from the album, "The Heart of It All". The song was Earl Thomas Conley's fifteenth number one on the country chart. The single went to number one for one week and spent a total of thirteen weeks on the country chart. "What She Is (Is a Woman in Love)" debuted on the U.S. "Billboard"

title: Currency

text: mostly paper, but Australia's Commonwealth Scientific and Industrial Research Organisation developed the world's first polymer currency in the 1980s that went into circulation on the nation's bicentenary in 1988. Now used in some 22 countries (over 40 if counting commemorative issues), polymer currency dramatically improves the life span of banknotes and prevents counterfeiting. Currency use is based on the concept of lex monetae; that a sovereign state decides which currency it shall use. Currently, the International Organization for Standardization has introduced a three-letter system of codes (ISO 4217) to define currency (as opposed to simple names or currency signs), in

title: Monarchism in France

text: the dynastic succession in the Kingdom of France to an international treaty. What would become of the sovereignty of the royal family of France against the foreign powers? Legal Issues: What is the value of the commitment of France in signing treaties if it considers it invalid? To oppose the treaties themselves (with the renunciations contained in the appendix) with the body of fundamental laws of France and Spain is putting them on the same level as internal constitutional acts, even if France did not yet have a constitution at the time, and bilateral treaties acting on a foreign policy.

title: What She Is (Is a Woman in Love)

text: Hot Country Singles for the week of March 12, 1988. What She Is (Is a Woman in Love) "What She Is (Is a Woman in Love)" is a song written by Bob McDill and Paul Harrison and recorded by American country music artist Earl Thomas Conley. It was released in February 1988 as the lead single from the album, "The Heart of It All". The song was Earl Thomas Conley's fifteenth number one on the country chart. The single went to number one for one week and spent a total of thirteen weeks on the country chart. "What She Is

title: Here Is What Is

text: Here Is What Is Here Is What Is is the fifth studio album by Canadian songwriter and record producer Daniel Lanois. It was first released in December 2007 as a high-quality download, and later released on CD on March 18, 2008. The album is the result of the same project that led to the 2007 documentary "Here Is What Is" that premiered at the 2007 Toronto International Film Festival in September. The movie documents the aesthetics and creative process behind Lanois' approach to music making and recording. The album has been presented as a direct soundtrack to this film, and

title: What Is the Fastest Thing in the World?

text: of which was good and some bad. The king set riddles to them: whoever guessed the riddles would get good land. The first riddle was what was the fastest thing in the world. The stupid brother's daughter told him what to say; his brother guessed a bird or a horse, and the stupid brother said the mind. The second riddle was what was the heaviest thing in the world; the clever brother guessed stone or iron, and the stupid brother repeated his daughter's answer: fire because no one could lift it. The third was what was the most important thing

title: Currency strength

text: Currency strength Currency strength expresses the value of currency. For economists, it is often calculated as purchasing power, while for financial traders, it can be described as an indicator, reflecting many factors related to the currency; for example, fundamental data, overall economic performance or interest rates. It can also be calculated from currency in relation to other currencies, usually using a pre-defined currency basket. A typical example of this method is the U.S. Dollar Index. The current trend in currency strength indicators is to combine more currency indexes in order to make forex movements easily visible. For the calculation of

title: What Is History?

text: observation." Carr attributes the developing complexity with the ideas made popular during the French Revolution, and from that stems the ideas and search of liberty. For his planned second edition, Carr authored a new preface, which was posthumously found among his papers. In this short text, he contrasted what he saw as the optimism of the 1960s, when he originally authored the text, with the pessimism of the 1980s, when he was putting together the second edition. The former, he argued, was marked by the dissolution of the British Empire, the economic recovery of France, Germany and Japan following the

title: Mutilated currency

text: Mutilated currency Mutilated currency is a term used by the United States Bureau of Engraving and Printing (BEP) to describe currency which is damaged to the point where it is difficult to determine the value of the currency, or where it is not clear that at least half of the note is present. Common causes of damage are fire, water, chemicals, explosives, animals or damage from extended burying of the currency. Replacement of mutilated currency is a free public service provided by the Bureau of Engraving and Printing. In general, mutilated U.S. paper currency can be submitted for evaluation. If

title: Circulation (currency)

text: Circulation (currency) In monetary economics, circulation is the continuing use of individual units of a currency for transactions. Thus currency in circulation is the total value of currency (coins and paper currency) that has ever been issued minus the amount that has been removed from the economy by the central bank. More broadly, money in circulation is the total money supply of a country, which can be defined in various ways always including currency and also including some types of bank deposits. Standard money is the basic currency circulating within a monetary system. It has legal recognition for prices and

title: Khaleeji (currency)

text: union in 2001 and 2003. The terms of what would be called the "GCC Monetary Agreement" followed shortly after that, with the convergence criteria of the single currency being decided in 2005. Oman became the first state to pull out of the union, in 2006, and the UAE, in 2009, the second and so far last state to withdraw from this tentative agreement to create a single Gulf currency. Originally slated for adoption in 2010, Nasser al-Kaud, deputy assistant general for economic affairs at the GCC, admitted on March 24, 2009, that this deadline for establishment of the monetary union

title: Currency substitution

text: effect of this regulation on the pattern of currency substitution depends on the public's expectations of macroeconomic stability and the sustainability of the foreign exchange regime. Currency substitution Currency substitution or dollarization is the use of a foreign currency in parallel to or instead of the domestic currency. Currency substitution can be full or partial. Most, if not all, full currency substitution has taken place after a major economic crisis, for example, Ecuador and El Salvador in Latin America and Zimbabwe in Africa. Some small economies, for whom it is impractical to maintain an independent currency, use those of their

title: Currency strength

text: on moves in correlated instruments (for example CAD/OIL or AUD/GOLD); look for a strong trend in one currency; and observe most of the forex market in one chart. Typical examples of indicators based on currency strength are relative currency strength and absolute currency strength (percentage). Their combination is called the "Forex Flow indicator", because you are able to see the whole currency flow across the forex market. Currency strength Currency strength expresses the value of currency. For economists, it is often calculated as purchasing power, while for financial traders, it can be described as an indicator, reflecting many factors related

title: Currency substitution

text: Currency substitution Currency substitution or dollarization is the use of a foreign currency in parallel to or instead of the domestic currency. Currency substitution can be full or partial. Most, if not all, full currency substitution has taken place after a major economic crisis, for example, Ecuador and El Salvador in Latin America and Zimbabwe in Africa. Some small economies, for whom it is impractical to maintain an independent currency, use those of their larger neighbours; for example Liechtenstein uses the Swiss Franc. Partial currency substitution occurs when residents of a country choose to hold a significant share of their

title: Khaleeji (currency)

text: on November 23, 2009, statements by the UAE Central Bank Governor Sultan bin Nasser al-Suweidi stated that the greatest obstacle was the lack of a precursor unit of account. The currency, if adopted, would be the sole legal tender in Saudi Arabia, Kuwait, Bahrain and Qatar. Oman and the UAE have announced that they will not adopt the new currency until further notice. It would be seen as a further step in the expanding remit of what was originally intended as an organization for security cooperation between the GCC states, which then grew into an economic agreement and a customs

title: Currency crisis

text: Currency crisis A currency crisis is a situation in which serious doubt exists as to whether a country's central bank has sufficient foreign exchange reserves to maintain the country's fixed exchange rate. The crisis is often accompanied by a speculative attack in the foreign exchange market. A currency crisis results from chronic balance of payments deficits, and thus is also called a balance of payments crisis. Often such a crisis culminates in a devaluation of the currency. A currency crisis is a type of financial crisis, and is often associated with a real economic crisis. A currency crisis raises the

title: Functional currency

text: Functional currency Functional currency refers to the main currency used by a business or unit of a business. It is the monetary unit of account of the principal economic environment in which an economic entity operates. International Accounting Standards (IAS) and U.S. Generally Accepted Accounting Principles (GAAP) provide rules for translation of foreign currency transactions and financial statements. SFAS 52 introduced the concept of functional currency, defined as "the currency of the primary economic environment in which the entity operates; normally, that is, the currency of the environment in which an entity primarily generates and expends cash." Businesses may enter

title: Currency manipulator

text: Currency manipulator Currency manipulator is a popular term used to indicate countries that manipulate the rate of exchange for purposes of preventing effective balance of payments adjustment or gaining unfair competitive advantage in international trade or simply a country that intervenes in its foreign exchange market. Currency manipulation or currency intervention is a monetary policy operation which occurs when a government or central bank buys or sells foreign currency in exchange for their own domestic currency, generally with the intention of influencing the exchange rate and trade policy. Policymakers may have different reasons for currency manipulation, such as controlling inflation,

title: Mutilated currency

text: not considered mutilated and can be traded in at any bank from where they will eventually be processed out of circulation. Mutilated currency Mutilated currency is a term used by the United States Bureau of Engraving and Printing (BEP) to describe currency which is damaged to the point where it is difficult to determine the value of the currency, or where it is not clear that at least half of the note is present. Common causes of damage are fire, water, chemicals, explosives, animals or damage from extended burying of the currency. Replacement of mutilated currency is a free public

title: Foreign currency mortgage

text: Foreign currency mortgage A foreign currency mortgage is a mortgage which is repayable in a currency other than the currency of the country in which the borrower is a resident. Foreign currency mortgages can be used to finance both personal mortgages and corporate mortgages. The interest rate charged on a Foreign currency mortgage is based on the interest rates applicable to the currency in which the mortgage is denominated and not the interest rates applicable to the borrower's own domestic currency. Therefore, a Foreign currency mortgage should only be considered when the interest rate on the foreign currency is significantly

title: Japanese government-issued currency in the Dutch East Indies

text: that, as of 11 March 1942, the only valid currency in the region were military banknotes and existing colonial gulden. Soon, however, they had begun replacing the pre-war currency at par. They soon required that all extant Dutch currency be exchanged for the occupation issue. This policy, however, was not implemented very strictly, and pre-war currency was widely hoarded, even in the internment camps. In March 1943, the Japanese occupation government ceased issuing military notes; at the time, military currency to the value of 353 million gulden was in circulation. Printing operations were moved to Kolff in Batavia (now Jakarta),

title: Currency converter

text: is useful when: Currency converters are often used as a means of checking the relative value of a currency before exchanging it into another currency. This is useful for the traveler because the traveler can check the value of a foreign county’s currency before exchanging money. These programs list the value of a foreign country’s currency relative to the traveler’s own currency. The currency conversion software calculates the rates as decimal point numbers with typically 4 decimals after the comma. Some may calculate the conversion rates with more decimals internally but only 4 are displayed. This is related to precision,

title: Currency

text: of tax evasion. Local currencies can also come into being when there is economic turmoil involving the national currency. An example of this is the Argentinian economic crisis of 2002 in which IOUs issued by local governments quickly took on some of the characteristics of local currencies. One of the best examples of a local currency is the original LETS currency, founded on Vancouver Island in the early 1980s. In 1982, the Canadian Central Bank’s lending rates ran up to 14% which drove chartered bank lending rates as high as 19%. The resulting currency and credit scarcity left island residents

title: Demurrage (currency)

text: Demurrage (currency) Demurrage is the cost associated with owning or holding currency over a given period. It is sometimes referred to as a carrying cost of money. For commodity money such as gold, demurrage is the cost of storing and securing the gold. For paper currency, it can take the form of a periodic tax, such as a stamp tax, on currency holdings. Demurrage is sometimes cited as economically advantageous, usually in the context of complementary currency systems. While demurrage is a natural feature of private commodity money, it has at various times been deliberately incorporated into currency systems as

title: World currency

text: a single world currency is unnecessary, because the U.S. dollar is providing many of the benefits of a world currency while avoiding some of the costs. If the world does not form an optimum currency area, then it would be economically inefficient for the world to share one currency. In the present world, nations are not able to work together closely enough to be able to produce and support a common currency. There has to be a high level of trust between different countries before a true world currency could be created. A world currency might even undermine national sovereignty

title: Currency converter

text: and sell at a high rate, while a traveler could wait to exchange money at home in a favorable market. 3. Currency Converter Currency converter A currency converter is software code that is designed to convert one currency into another in order to check its corresponding value. The code is generally a part of a web site or it forms a mobile app and it is based on current market or bank exchange rates. In order to convert one currency into another, a user enters an amount of money (e.g. '1000') and chooses the currency he/she wishes to check the

title: What is Philosophy? (Deleuze and Guattari)

text: The physicists Alan Sokal and Jean Bricmont, writing in "Fashionable Nonsense" (1997), state that "What is Philosophy" became a best-seller in France in 1991. They argue that in attempting to show how philosophy and science are distinct, Deleuze and Guattari use scientific terms such as "chaos" in incorrect or misleading ways, and that while in some passages they seem to discuss serious problems in the philosophy of science and mathematics, these passages prove to be largely meaningless on close inspection. The philosopher Roger Scruton, writing in "Fools, Frauds and Firebrands: Thinkers of the New Left" (2016), criticized "What is Philosophy?",

title: Currency strength

text: indexes of this kind, major currencies are usually used because they represent up to 90% of the whole forex market volume. Currency strength is calculated from the U.S. Dollar Index, which is used as a reference for other currency indexes. The basic idea behind indicators is "to buy strong currency and to sell weak currency". If is X/Y currency pair is up trend, you are able to determine whether this happens due to X's strength or Y's weakness. With indicators of this kind one is able to choose the most valuable pair to trade; see the reactions of each currency

title: Currency

text: with few options other than to create a local currency. The following table are estimates of the 15 most frequently used currencies in world payments from 2012 to 2018 by SWIFT. Related concepts Accounting units Lists Currency A currency (from , "in circulation", from ), in the most specific use of the word, refers to money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins. A more general definition is that a currency is a "system of money" (monetary units) in common use, especially in a nation. Under this definition,

title: Currency

text: Currency A currency (from , "in circulation", from ), in the most specific use of the word, refers to money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins. A more general definition is that a currency is a "system of money" (monetary units) in common use, especially in a nation. Under this definition, US dollars, British pounds, Australian dollars, European euros and Russian ruble are examples of currency. These various currencies are recognized as stores of value and are traded between nations in foreign exchange markets, which determine the

title: British currency in the Middle East

text: already risen in value against the pound sterling as a result of sterling's devaluation in 1967, and so the new Omani rial was not equal in value to the dinars in the nearby territories. The currency units that are used in Israel, Jordan, Iraq, Kuwait, Bahrain, Oman, and the Yemen are all descended from the pound sterling unit, while the currency units that are used in Saudi Arabia, Qatar, and the United Arab Emirates are all descended from the Maria Theresa Thaler. This largely explains the factor of ten difference in value on average between Bahrain, Kuwait and Oman on

title: British currency in the Middle East

text: Indian Rupee in Aden by 1951. Meanwhile, in 1927 a new Palestine pound at par with the pound sterling was introduced in the mandated territories of Palestine and Transjordan to replace the Turkish and Egyptian currencies. The East African Shilling in Aden was replaced in 1965 with the South Arabian Dinar at par with the pound sterling. For nearly four hundred years, silver Spanish dollars (pieces of eight) had served as the international currency, and most of these coins were minted in Mexico City, Lima, and Potosi in the New World. The policy of introducing the sterling currency into all

title: British currency in the Middle East

text: and called δεκάρα in Greek and the -piastre coin was equal to 20 para and called εικοσάρα. The introduction of the British currency into Cyprus was controversial from its inception in 1879 as technically the island remained a province of the Ottoman Empire and the right to issue currency within the Ottoman Empire rested solely with the Ottoman Sultan. A question on the legality of introducing the pound in Cyprus was raised by the British Member of Parliament, Mr. Thomson Hankey, in the United Kingdom parliament in 1879, but concerns were dismissed by the British government, and they ceased to

title: British currency in the Middle East

text: Chairman of the Cyprus Currency Board was held by the Accountant General, also known as the Auditor General, of the British colonial Government of Cyprus. The Board could issue notes and coins, initially denominated in the Cypriot pound, shillings and piastres, and later, following decimalization in 1955, in Cyprus pounds and mils. However, the local currency remained pegged at one Cyprus pound to one pound sterling meaning ultimate fiscal control still rested with the Bank of England in London and the Government of the United Kingdom. This link was maintained by the requirement that for every Cyprus pound issued by

title: Virtual currency

text: to its regulations defining currency as "the coin and paper money of the United States or of any other country that [i] is designated as legal tender and that [ii] circulates and [iii] is customarily used and accepted as a medium of exchange in the country of issuance", also called "real currency" by FinCEN, defined virtual currency as "a medium of exchange that operates like a currency in some environments, but does not have all the attributes of real currency". In particular, virtual currency does not have legal tender status in any jurisdiction. In 2014, the European Banking Authority defined