Blogs are all posted by Monica Johnston.
It has been some time since I last updated my personal site. I've been taking notary and loan signing classes (and exams) and have finally started a business called Notary Services by Monica. Kids are back in school and back to the normal routine. Trevor is already ready for it to be summer again :| I LOVE fall, so he'll have to wait :) Hopefully soon I'll have my garden together and can post pictures. It's getting close...
The Great British Pound, pound sterling, pound, also called greenback, is the currency in the United Kingdom, Jersey, Guernsey, Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. It is also a fiat money, where the value is derived from government regulation set forth by the Monetary Policy Committee, supply & demand, trade sentiment on the foreign exchange market, and financial stability based on employment situation, inflation/deflation, and imports/exports. The central bank is the Bank of England and issues its legal tender through the Royal Mint. GBP is the 4th most traded currency in the forex market.
Japanese Yen is the 3rd most traded currency. The Bank of Japan (BOJ), Nippon Ginko, or Nichigin, established the Yen. It is also a fiat money where the value is derived from government regulation, supply & demand, trade sentiment on the foreign exchange market, and financial stability based on employment situation, import/exports, and inflation/deflation.
The Euro was established in 1999 through the European Central Bank (ECB) by a Monetary Union and controls a monetary policy, which strives to maintain price stability. This EuroZone represents 19 countries: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. Germany is the largest populated country to be a part of this union and has the strongest economy in that mix. Greece, Ireland, Portugal, Cyprus, and Spain have received bailout funds to pay for their debts. It is rumored that Italy might be next. Euro is the 2nd most traded currency in the forex market.
The United States Mint was created by Congress under the Coinage Act of 1792 and became part of the Department of Treasury in 1873. The Mint manufactures all legal tender for the United States, including the US Dollar (USD) and coins for trade and to collect uncirculated. The Act gave a specific value of silver to a dollar and gold to an eagle. Further, it made the value of an eagle at 10 dollars and the dollar at 1/10 of an eagle. It made 90% silver alloy coins in denominations of 1, ½ ¼ and 1/10 eagles. The US Dollar is no longer backed by gold, silver, or other precious metals.