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The legend is inscribed with "KRUGERRAND" and the gold weight. The Krugerrand ( / ˈkruːɡərænd /; [ 1] Afrikaans: [ˈkry.ərˌrant]) is a South African coin, first minted on 3 July 1967 to help market South African gold and produced by Rand Refinery and the South African Mint. [ 2][ 3] The name is a compound of Paul Kruger, the former ...
The 1978 series began with denominations of 2, 5, 10, and 20 rand, with a 50 rand introduced in 1984. This series had only one language variant for each denomination of note. Afrikaans was the first language on the 2, 10, and 50 rand, while English was the first on the 5 and 20 rand. A coin replaced the 1 rand note.
For example, if one owns a share in a gold mine where the costs of production are US$300 per troy ounce ($9.6 per gram) and the price of gold is $600 per troy ounce ($19/g), the mine's profit margin will be $300. A 10% increase in the gold price to $660 per troy ounce ($21/g) will push that margin up to $360, which represents a 20% increase in ...
A Province of Canada one-dollar note issued by the Colonial Bank of Canada, 1859. In 1841, the Province of Canada adopted a new system based on the Halifax rating. The new Canadian pound was equal to four US dollars (92.88 grains gold), making £1 sterling equal to £1.4 s .4 d. Canadian.
Canada's fertility rate hit a record low of 1.4 children born per woman in 2020, [32] below the population replacement level, which stands at 2.1 births per woman. In 2020, Canada also experienced the country's lowest number of births in 15 years, [ 32 ] also seeing the largest annual drop in childbirths (−3.6%) in a quarter of a century. [ 32 ]
In the past 20 years Romania has also grown into a major center for mobile technology, information security, and related hardware research. The country is a regional leader in fields such as IT and motor vehicle production. [49] [50] [51] Bucharest, the capital city, is one of the leading financial and industrial centres in Eastern Europe.
US$122.9 billion (July 2024) [ 32][ 33] All values, unless otherwise stated, are in US dollars. The economy of Canada is a highly developed mixed economy, [ 34][ 35][ 36] with the world's tenth-largest economy as of 2023, and a nominal GDP of approximately US$ 2.117 trillion. [ 6] Canada is one of the world's largest trading nations, with a ...
As mentioned above the value of the U.S. dollar is normally inversely related to the value of gold, this is because gold is dollar-denominated. [133] When the U.S. dollar is stronger it tends to keep the price of gold lower and controlled and when there is a weaker U.S. dollar the price of gold is likely to increase as well as the demand for it ...