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The word was originally used to refer to serrated edges. The first European coins to circulate widely in the region were Spanish "pieces of eight" or "cob", their crude appearance resembling stones, hence the word jagged. [10] The availability and circulation of this Spanish currency were due to the Spanish controlling nearby Philippines. [11]
Though the dollar came under the gold standard de jure only after 1900, the bimetallic era was ended de facto when the Coinage Act of 1873 suspended the minting of the standard silver dollar of 412.5 Troy grains = 26.73 g; 0.859 ozt, the only fully legal tender coin that individuals could convert bullion into in unlimited (or Free silver ...
Poverty incidence of Surigao City 10 20 30 40 50 2006 32.40 2009 40.08 2012 21.54 2015 29.36 2018 24.70 2021 24.91 Source: Philippine Statistics Authority In 1983, MMIC ceased commercial operations due to financial losses and heavy debt as a result of plummeting prices of nickel and high operating costs. Copra prices similarly fell and made copra processing unsustainable for the Surigao ...
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