Search results
Results from the WOW.Com Content Network
Although the word "markka" predates the currency by several centuries, the currency was established before being named "markka". A competition was held for its name, and some of the other entries included " sataikko " (meaning "having a hundred parts"), " omena " (apple) and " suomo " (from " Suomi ", the Finnish name for Finland).
The Mint of Finland has produced the euro coins of Estonia, [2] Greece, Luxembourg, Slovenia, Cyprus and Republic of Ireland [3] as well as the coins of the Swedish crown since 2008, which ended the more than thousand-year-old minting tradition in Sweden. [4] Since 2017 it has also held the contract for minting coins of the Danish krone. [5] [6]
All de facto present currencies in Europe, and an incomplete list of the preceding currency, are listed here. In Europe, the most commonly used currency is the euro (used by 26 countries); any country entering the European Union (EU) is expected to join the eurozone [1] when they meet the five convergence criteria. [2]
Bank of Finland strong box which moved to Helsinki with the bank when it relocated from Turku Sederholm House [] in Helsinki, the Bank's seat from 1819 to 1824 Government Palace in Helsinki, the Bank's home from 1824 until relocation to its current building in 1883 The Bank's current head office completed in 1883, with statue of J.V. Snellman by sculptor Emil Wikström in front
The Constitution of Finland defines the political system; Finland is a parliamentary republic within the framework of a representative democracy. The Prime Minister is the country's most powerful person. Citizens can run and vote in parliamentary, municipal, presidential, and European Union elections.
The alternative to a commodity money system is fiat money which is defined by a central bank and government law as legal tender even if it has no intrinsic value. Originally fiat money was paper currency or base metal coinage, but in modern economies it mainly exists as data such as bank balances and records of credit or debit card purchases, [3] and the fraction that exists as notes and coins ...
Human capital or human assets is a concept used by economists to designate personal attributes considered useful in the production process. It encompasses employee knowledge, skills, know-how, good health, and education. [1] Human capital has a substantial impact on individual earnings. [2]
An international monetary system is a set of internationally agreed rules, conventions and supporting institutions that facilitate international trade, cross border investment and generally the reallocation of capital between states that have different currencies. [1]