Annual salary in national currency: 16.7 million krónur
> Time in office: 2 years 9 months
> GDP per capita: $44,029
> Annual salary in national currency: 140,904 euros
> Time in office: 9 months
> GDP per capita: $40,661
Archives of “united states dollar” tag
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Explaining "Real" Money To Your Children
Money is a very important part of all our lives. The understanding of money, how it works, and how we treat it can dramatically improve or diminish our quality of life.
Based on my writings and videos on YouTube, you might think my definition of money is gold and silver, but it’s not. Money is simply a medium of exchange. It can be represented by everything from gold to horse manure. Okay, maybe not horse manure, but it’s not a far stretch with the most popular form of money today being central bank notes loaned out into existence.
The state would love to have you believe that money can only originate from itself, yet people have organically started to use bitcoins and other crypto-currencies as a medium of exchange. Nevertheless, our culture continues to worship fiat currency as if it is the only type of money. I can’t change the fact that at this moment in time the U.S. dollar is the measuring stick for goods and services when it comes to prices. Trying to disprove and dispute this fact was something I struggled with early on when I used to teach my children that only gold and silver were money.
Today, I simply teach them about money as a medium of exchange. (more…)
Where did the ‘$’ sign come from?
Whilst the origins of the term ‘Dollar’ and its transformation to common usage in the US appear to follow a well laid-out path. The evolution of the $ sign itself is somewhat more uncertain. There are a number of competing theories, each of which are seemingly possible, though some with more credence than others.
The most likely is the theory that it comes from a handwritten ‘ps’, an abbreviation used in correspondence as a plural form of ‘Peso’. Manuscripts from the late 18th and early 19th century show the ‘s’ gradually being written over the ‘p’, and the upward stroke of the ‘p’gaining dominance over the curved upper part. This eventually developed into something resembling the ‘$’ sign. (see below)
The most likely is the theory that it comes from a handwritten ‘ps’, an abbreviation used in correspondence as a plural form of ‘Peso’. Manuscripts from the late 18th and early 19th century show the ‘s’ gradually being written over the ‘p’, and the upward stroke of the ‘p’gaining dominance over the curved upper part. This eventually developed into something resembling the ‘$’ sign. (see below)
The ‘ps’ symbol first occurs in the 1770s, in manuscript documents of English-Americans who had business dealings with Spanish-Americans, and it starts to appear in print more commonly after 1800. – This does not however explain why sometimes the $ sign is drawn with 2 lines running through it.
The Dollar Surge is a Sign of Emerging Market Troubles.
A strong dollar doesn’t worry me, but a dollar that is THIS strong is a sign that something worrisome could be going on. Historically, substantial year over year increases in the dollar have been consistent with a flight to safety. With the recent European and Emerging Market turmoil we’re seeing huge demand for dollars as a good deal of foreign debt is dollar denominated. The current surge in the dollar is a sign that there’s a flight to safety occurring and more turmoil in the financial markets than many might presume.
Rouble hits 58 per dollar for first time since July 2015.Last Hope at 55.68
The rouble climbed to its strongest level since July 2015 on Monday morning, as the Russian Central Bank’s pledge to weaken the currency struggles to convince markets.
The rouble had already been appreciating as oil prices have recovered over the last twelve months, and growing optimism since Donald Trump’s victory in the US election has helped it become the best-performing emerging market currency since the vote, up just shy of 10 per cent.
President Trump’s calls for a normalisation of relations with Russia raised hopes of a relaxation of economic sanctions and encouraged international investors to return to the country.
The central bank has promised to spend more than Rbs113bn ($1.9bn) on foreign currency purchases this month to help slow the rouble’s climb, in an effort to boost the government’s spending power.
However, economists have been sceptical the bank would be able to have a big impact on the currency, and it has continued to rise a further 1.6 per cent since the announcement, including a 0.5 per cent rise this morning to take it to 57.99 per dollar.
Euro surpasses US dollar as the currency of online casinos
At the dawn of the online gambling industry in the 1990s, the U.S. dollar was the major currency accepted in online casinos, but those days are over. The euro has replaced USD and is now the most popular currency. According to the latest research by KeyToCasino, the euro is currently accepted in 79% of all existing online casinos.
The use of the U.S. dollar changed after the Unlawful Internet Gambling Enforcement Act (UIGEA), legislation regulating online gambling, was passed in the United States. The UIGEA has prohibited all gambling sites from accepting deposits online, forcing U.S.-oriented casinos out of business. At the same time, online gaming business in Europe has flourished, and many online casinos re-oriented their business towards European customers.
It has been 10 years since UIGEA, and many new online casinos have opened throughout this period. They have never considered targeting the U.S. market and never planned to include USD as a currency that is available for deposits. Players from countries with economically unstable currencies were forced to use the euro for their casino transactions.
American currency is not completely out of the gaming business however. It remains the second most popular currency in online casinos, followed by the British pound, which is accepted in 58% of online casinos. However, the overall popularity of Scandinavian currencies, which include the Norwegian krone, Swedish krona, and Danish krone, beats the pound because Norway, Sweden, and Denmark have the highest population ratio when it comes to casino popularity.
Among the other currencies that have become prevalent on online gaming market, there are the South African rand, South Korean won, and Russian ruble. The least popular are the Japanese yen and Chinese yuan. The Australian dollar beats the Canadian dollar in popularity because unlike in Australia, the legality of online casinos in Canada is uncertain, which results in the Canadian dollar not being widely accepted at online casinos.