Showing posts with label money. Show all posts
Showing posts with label money. Show all posts

Saturday, May 24, 2014

The kuna

The thing I learned today is that the unit of currency of Croatia is the kuna.  As of mid-2014, the kuna is worth about one-fifth of a dollar.  The word kuna means "marten" in Croatian!

Friday, March 31, 2006

Agio

Agio is a term used in commerce for exchange rate, discount or premium.  In the context of currency exchange, "agio" refers to the premium or fee that is charged when converting one currency into another.  For example, if a bond with a face value of $1,000 is sold for $1,050, the $50 difference is considered the "agios."

Saturday, January 14, 2006

In 2010, the reverse of the U.S. one penny coin was changed from the Lincoln Memorial to a Union Shield with a scroll reading "one cent" superimposed on it.