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In 1903 the 50-centavo coin equivalent to 1/4th a U.S. dollar was minted for the Philippines, weighing 13.48 grams of 0.9 fine silver. Its specifications were reduced from 1907 to 10.0 grams of 0.75 fine silver; this was minted until 1945.
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.
The hectare (/ ˈ h ɛ k t ɛər,-t ɑːr /; SI symbol: ha) is a non-SI metric unit of area equal to a square with 100-metre sides (1 hm 2), that is, 10,000 square metres (10,000 m 2), and is primarily used in the measurement of land. There are 100 hectares in one square kilometre. An acre is about 0.405 hectares and one hectare contains about ...
The New Generation Currency (NGC) Series is the name used to refer to the Philippine peso currency series conceptualized from 2007 to 2010, and banknotes issued since 2010 and coins issued since 2017. [1] The series uses the Myriad and Twentieth Century typefaces.
The Philippine peso is derived from the Spanish dollar or pieces of eight brought over in large quantities by the Manila galleons of the 16th to 19th centuries. From the same Spanish peso or dollar is derived the various pesos of Latin America, the dollars of the US and Hong Kong, as well as the Chinese yuan and the Japanese yen.
The official exchange rate was ₱2 against the U.S. dollar from 1946 to 1962, devalued to ₱3.90 in 1962, and devalued again to ₱6.43 in 1970. Black market exchange rates during these periods, however, were nearly always higher than official rates. Several depreciations followed:
This was an official unit of measurement in South Africa until the 1970s, and was defined in November 2007 by the South African Law Society as having a conversion factor of 1 morgen = 0.856 532 hectares. [28] This unit of measure was also used in the Dutch colonial province of New Netherland (later New York and parts of New England). [29] [30]
The Philippines is an archipelago that comprises 7,641 islands, [8] and with a total land area of 300,000 square kilometers (115,831 sq mi), it is the world's fifth largest island country.