Tag: silver

SAR (Saudi Riyal) definition explanation

What is SAR (Saudi Riyal)?
The currency abbreviation the Saudi riyal (SAR), the currency for Saudi Arabia. The Saudi riyal is made up of 100 halala or 20 ghirsh, and is often presented with the symbol SR. The Saudi riyal is pegged to the U.S. dollar at about 3.75 SAR. Read more for examples and further explanation including related video clips and also comments
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Bank Of Japan – BoJ definition explanation

What is Bank Of Japan – BoJ?
Headquartered in the business district of Nihonbashi in Tokyo, the Bank of Japan is the Japanese central bank. The bank is responsible for issuing and handling currency and treasury securities, implementing monetary policy, maintaining the stability of the Japanese financial system, and providing settling and clearing services.

Like most central banks, the Bank of Japan also compiles and aggregates economic data and produces economic research and analysis. Read more for examples and further explanation including related video clips and also comments
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MXN (Mexican Peso) definition explanation

What is MXN (Mexican Peso)?
The currency abbreviation for the Mexican peso (MXN), the currency for Mexico. The Mexican peso is made up of 100 centavos and is often presented with the symbol $ or Mex$. The name peso comes from the Mexican word “”pesos””, which means “”weights””, and refers to gold or silver weights. Read more for examples and further explanation including related video clips and also comments
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MVR (Maldivian Rufiyaa) definition explanation

What is MVR (Maldivian Rufiyaa)?
The currency abbreviation for the Maldivian rufiyaa (MVR), the currency for the Maldives. The Maldivian rufiyaa is made up of 100 laari and is often presented with the symbol Rf or MRF. The name rufiyaa is based on the Hindi word “”rupaya””, which comes from the Sanskrit word “”rupya”” and can be translated to mean “”wrought silver””. Read more for examples and further explanation including related video clips and also comments
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Silver Thursday definition explanation

What is Silver Thursday?
A steep fall in the price of silver that occurred on Thursday March 27, 1980. The sharp drop, on Silver Thursday, was triggered by a failed attempt to corner the silver market and it led to massive panic in other commodities. Read more for examples and further explanation including related video clips and also comments
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MAD (Moroccan Dirham) definition explanation

What is MAD (Moroccan Dirham)?
The currency abbreviation for the Moroccan dirham (MAD), the currency for Morocco and the de facto currency of the Western Sahara region. The Moroccan dirham is made up of 100 santimat (plural); popular language often refers to five santimat as a “”rial””, and one santim as a “”franc””. Read more for examples and further explanation including related video clips and also comments
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Continentals definition explanation

What is Continentals?
A form of paper currency used in the United States during the time of the revolutionary war (1775-1783). The paper money was used to help finance the cost of the war, but it quickly lost value because it was not backed by a physical asset such as gold or silver, sparking the term “”not worth a Continental””. Read more for examples and further explanation including related video clips and also comments
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