A mint is an industrial facility which manufactures coins that can be used as currency.
The history of mints correlates closely with the history of coins. In the beginning, hammered coinage or cast coinage were the chief means of coin minting, with resulting production runs numbering as little as the hundreds or thousands. In modern mints, coin dies are manufactured in large numbers and planchets are made into milled coins by the billions.
___United_States_dollar_q.jpg)
The United States dollar (symbol: $; currency code: USD) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color.
The U.S. dollar was originally defined under a bimetallic standard of 371.25 grains (24.057 g) (0.7734375 troy ounces) fine silver or, from 1834, 23.22 grains (1.505 g) fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, its equivalence to gold was revised to $35 per troy ounce. In 1971 all links to gold were repealed. The U.S. dollar became an important international reserve currency after the First World War, and displaced the pound sterling as the world's primary reserve currency by the Bretton Woods Agreement towards the end of the Second World War. The dollar is the most widely used currency in international transactions, and a free-floating currency. It is also the official currency in several countries and the de facto currency in many others, with Federal Reserve Notes (and, in a few cases, U.S. coins) used in circulation.
The first government of ancient Macedonia was established by the Argead dynasty of Macedonian kings during the Archaic period (8th–5th centuries BC). The early history of the ancient kingdom of Macedonia is obscure because of shortcomings in the historical record; little is known of governmental institutions before the reign of Philip II during the late Classical period (480–336 BC). These bureaucratic organizations evolved in complexity under his successor Alexander the Great and the subsequent Antipatrid and Antigonid dynasties of Hellenistic Greece (336–146 BC). Following the Roman victory in the Third Macedonian War over Perseus of Macedon in 168 BC, the Macedonian monarchy was abolished and replaced by four client state republics. After a brief revival of the monarchy in 150–148 BC, the Fourth Macedonian War resulted in another Roman victory and the establishment of the Roman province of Macedonia.
It is unclear if there was a formally established constitution dictating the laws, organization, and divisions of power in ancient Macedonia's government, although some tangential evidence suggests this. The king (basileus) served as the head of state and was assisted by his noble companions and royal pages. Kings served as the chief judges of the kingdom, although little is known about Macedonia's judiciary. The kings were also expected to serve as high priests of the nation, using their wealth to sponsor various religious cults. The Macedonian kings had command over certain natural resources such as gold from mining and timber from logging. The right to mint gold, silver, and bronze coins was shared by the central and local governments.
A coin is a small object, usually round and flat, used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order to facilitate trade. They are most often issued by a government. Coins often have images, numerals, or text on them. The faces of coins or medals are sometimes called the obverse and the reverse, referring to the front and back sides, respectively. The obverse of a coin is commonly called heads, because it often depicts the head of a prominent person, and the reverse is known as tails.
The first metal coins – invented in the ancient Greek world and disseminated during the Hellenistic period – were precious metal–based, and were invented in order to simplify and regularize the task of measuring and weighing bullion (bulk metal) carried around for the purpose of transactions. They carried their value within the coins themselves, but the stampings also induced manipulations, such as the clipping of coins to remove some of the precious metal.
Bimetallism, also known as the bimetallic standard, is a monetary standard in which the value of the monetary unit is defined as equivalent to certain quantities of two metals, creating a fixed rate of exchange between them. In all known historical cases, the metals are gold and silver.
For scholarly purposes, "proper" bimetallism is sometimes distinguished as permitting that both gold and silver money are legal tender in unlimited amounts and that gold and silver may be taken to be coined by the government mints in unlimited quantities. This distinguishes it from "limping standard" bimetallism, where both gold and silver are legal tender but only one is freely coined (e.g. the monies of France, Germany, and the United States after 1873), and from "trade" bimetallism, where both metals are freely coined but only one is legal tender and the other is used as "trade money" (e.g. most monies in western Europe from the 13th to 18th centuries). Economists also distinguish legal bimetallism, where the law guarantees these conditions, and de facto bimetallism, where gold and silver coins circulate at a fixed rate.
The Kingdom of Africa was an extension of the frontier zone of the Kingdom of Sicily in the former Roman province of Africa (Ifrīqiya in Arabic), corresponding to Tunisia and parts of Algeria and Libya today. The main primary sources for the kingdom are Arabic (Muslim); the Latin (Christian) sources are scanter.
The Sicilian conquest of Africa began under Roger II in 1146–1148. Sicilian rule consisted of military garrisons in the major towns, exactions on the local Muslim population, protection of Christians, and the minting of coin. The local aristocracy was largely left in place, and Muslim princes controlled the civil government under Sicilian oversight. Economic connections between Sicily and Africa, which were strong before the conquest, were strengthened, while ties between Africa and northern Italy were expanded. Early in the reign of William I, the Kingdom of Africa fell to the Almohad Caliphate (1158–1160). Its most enduring legacy was the realignment of Mediterranean powers brought about by its demise and the Siculo-Almohad peace finalised in 1180.
The Bengal Sultanate (Middle Bengali: শাহী বাঙ্গালাহ্, Classical Persian: سلطنت بنگاله) was a late medieval sultanate based in the Bengal region in eastern South Asia between the 14th and 16th century. It was the dominant power of the Ganges-Brahmaputra Delta, with a network of mint towns spread across the region. The Bengal Sultanate had a circle of vassal states in the Indian subcontinent and Southeast Asia, including parts of Odisha in the southwest, parts of Bihar in the northwest, parts of Assam in the northeast, Arakan in the southeast, and Tripura in the east.
The Bengal Sultanate controlled large parts of eastern South Asia during its five dynastic periods, reaching its peak under Jalaluddin Muhammad Shah. Its raids and conquests reached Nepal in the north, Brahmaputra Valley (modern-day Assam) in the east, and Jaunpur and Varanasi in the west. It was reputed as a thriving trading nation. Its decline began with an interregnum by the Sur Empire, followed by Mughal conquest and disintegration into petty kingdoms. The Bengal Sultanate was a Sunni Muslim monarchy with Bengali, Turco-Persian, Afghan and Abyssinian elites. The most prominent dynasties were the Ilyas Shahi, House of Ganesha and Hussain Shahi. The kingdom was known for its religious pluralism where non-Muslim communities co-existed peacefully. While Persian was used as the primary official, diplomatic and commercial language, it was under the Sultans that Bengali first received court recognition as an official language. The cities of the Bengal Sultanate are termed as Mint Towns where the historical taka was minted. These cities were adorned with stately medieval buildings. In 1500, the royal capital of Gaur was the fifth-most populous city in the world. Other notable cities included the initial royal capital of Pandua, the economic hub of Sonargaon, the Mosque City of Bagerhat, and the seaport and trading hub of Chittagong. The Bengal Sultanate was connected to states in Asia, Africa, the Indian Ocean, and Europe through maritime links and overland trade routes. The Bengal Sultanate was a major trading center on the coast of the Bay of Bengal. It attracted immigrants and traders from different parts of the world. Bengali ships and merchants traded across the region, including in Malacca, China, and the Maldives.
Chittagong (/ˈtʃɪtəɡɒŋ/ CHIT-ə-gong), officially Chattogram (Bengali: চট্টগ্রাম, romanized: Côṭṭôgrām, IPA: [ˈt͡ʃɔʈːoɡram] , traditionally Bengali: চাটগাঁও, romanized: Cāṭgão; Chittagonian: চিটাং/সিটাং, romanized: Sitang), is the second-largest city in Bangladesh. Home to the Port of Chittagong, it is the busiest port in Bangladesh and the Bay of Bengal. The city is also the business capital of Bangladesh. It is the administrative seat of an eponymous division and district. The city is located on the banks of the Karnaphuli River between the Chittagong Hill Tracts and the Bay of Bengal. In 2022, the Chittagong District had a population of approximately 9.2 million according to a census conducted by the government of Bangladesh. In 2022, the city area had a population of more than 5.6 million. The city is home to many large local businesses and plays an important role in the Bangladeshi economy.
One of the world's oldest ports with a functional natural harbor for centuries, Chittagong appeared on ancient Greek and Roman maps, including on Ptolemy's world map. It was located on the southern branch of the Silk Road. In the 9th century, merchants from the Abbasid Caliphate established a trading post in Chittagong. The port fell to the Muslim conquest of Bengal during the 14th century. It was the site of a royal mint under the Delhi Sultanate, Bengal Sultanate and Mughal Empire. Between the 15th and 17th centuries, Chittagong was also a centre of administrative, literary, commercial and maritime activities in Arakan, a narrow strip of land along the eastern coast of the Bay of Bengal which was under strong Bengali influence for 350 years. During the 16th century, the port became a Portuguese trading post and João de Barros described it as "the most famous and wealthy city of the Kingdom of Bengal". The Mughal Empire expelled the Portuguese and Arakanese in 1666.