What is the Philippine Peso (PHP)? The Philippine Peso refers to the Philippines’s official currency and is represented by ISO code PHP. The Bangko Sentral ng Pilipinas (BSP), the Philippines’ central bank, mints and prints the banknotes and the coins at its complex in Quezon City. PHP is also called piso, a Filipino name. Since…
What is the Afghan Afghani (AFN)? Afghan Afghani refers to the official currency of Afghanistan and is represented by ISO code AFN. It is issued by Da Afghanistan Bank, the country’s central bank, which aims to minimize the likelihood of inflation while retaining a floating exchange rate system. In recent decades, Afghanistan experienced many modifications…
What is a Quiet Period? A quiet period refers to, essentially, a blackout of information time period for communications from publicly traded companies, a practice that is required by the Securities and Exchange Commission (SEC) in the United States. So-called “quiet periods” actually exist in reference to two situations for companies that issue public stock…
What is the Jamaican Dollar (JMD)? The Jamaican Dollar is the official currency of the Caribbean Sea nation of Jamaica, which was part of the British West Indies prior to becoming an independent country in 1962. The Jamaican dollar, designated as J$ or JA$, is divided into 100 cents. However, the country’s central bank –…
What is the Indonesian Rupiah (IDR)? The Indonesian rupiah – denoted with the symbol Rp – is the official currency of the sovereign Republic of Indonesia. Indonesia’s currency is authorized and issued by the Republic’s central bank, Bank Indonesia. In some instances, Indonesians will casually refer to the rupiah as “peak,” which translates as “silver.”…
What is the Danish Krone (DKK)? The Danish Krone is the legal tender of the Kingdom of Denmark – and also of the Faroe Islands and Greenland, two Danish territories. The krone is sometimes referred to by its translation into English – “crown.” It is subdivided into 100 øre, which are comparable to cents in…
What is the Argentine Peso (ARS)? The Argentine Peso is the official currency of the Argentine Republic, which is the largest (by area) Spanish-speaking country in the world. The peso, which is divided into 100 centavos, is designated simply with an ordinary dollar sign. The foreign exchange market symbol for the Argentine peso is ARS….
What is the Heads of Agreement? The heads of agreement, also known as the head of terms, is a document summarizing the terms of a proposed agreement like a property sale, partnerships, joint ventures, etc. Typically, a heads of agreement is non-binding, which means that neither party is obligated to agree to the terms listed…
What is Headline Inflation? Headline inflation is the total inflation in an economy. The headline inflation figure includes inflation in a basket of goods that includes commodities like food and energy. It is different from core inflation, which excludes food and energy prices while calculating inflation. Food and energy are not included in core inflation…
