Gold coins included the half-crown, crown, angel, half-sovereign (10/) and sovereign (1). Struck in 22carat gold, it contained 113 grains or 7.32238g (0.235420ozt) of fine gold and replaced the guinea as the standard British gold coin without changing the gold standard. The symbol for the shilling was "s." not from the first letter of "shilling", but from the Latin solidus. The pound sterling (symbol: ; ISO code: GBP), known in some contexts simply as the pound or sterling,[2] is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, Gibraltar, South Georgia and the South Sandwich Islands, the British Antarctic Territory,[3][4] and Tristan da Cunha. It was nice knowing you". 0 references. These notes included the unusual denominations of 30/ and 3. (Only the year before, it had been US$4.86. This debasement was halted in 1552, and new silver coinage was introduced, including coins for 1d, 2d, 3d, 4d and 6d, 1/, 2/6d and 5/. The table shows that from 1971 to 2018 1sterling. [12] Because the League's money was not frequently debased like that of England, English traders stipulated to be paid in pounds of the "Easterlings", which was contracted to "'sterling". The same amount could be stated as 32s. The ISO 4217 currency code for sterling is "GBP", formed from the ISO 3166-1 alpha-2 code for the United Kingdom, "GB", and the first letter of "pound". The pound ( Sign: , A [1] for distinction) was the currency of Australia from 1910 until 14 February 1966, when it was replaced by the Australian dollar. [92], The Conservative Party was elected to office in 1979, on a programme of fiscal austerity. Pound Sterling: The Label is called London Hustle. The gang was started for Haitians to make easy money committing criminal acts. The Bank then issued silver tokens for 5/ (struck over Spanish dollars) in 1804, followed by tokens for 1/6d and 3/ between 1811 and 1816. On 8 October 1990 the Conservative government (Third Thatcher ministry) decided to join the European Exchange Rate Mechanism (ERM), with 1 set at DM2.95. The reduction in the English penny approximately matched those with the French sol Parisis and the Flemish stuiver; furthermore, from 1469 to 1475 an agreement between England and the Burgundian Netherlands made the English groat (4-pence) mutually exchangeable with the Burgundian double patard (or 2-stuiver) minted under Charles the Rash. The Bank of England is the central bank for sterling, issuing its own banknotes, and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Store norske leksikon ID. Silver/cupro-nickel sixpences, shillings (from any period after 1816) and florins (2 shillings) remained legal tender after decimalisation (as 2p, 5p and 10p respectively) until 1980, 1990 and 1993 respectively, but are now officially demonetised. Blind Eye Mac Zoe Rozay Black Russian Black Prince Black Godson Street Monstaz Zoe Pound started in the 1980s in Lil Haiti section of Miami. In 1801, Great Britain and the Kingdom of Ireland were united to form the United Kingdom of Great Britain and Ireland. Additionally, pound can be used to refer to the weight of transaction documents using the symbol "lb.". Here is a summary of changes to its value in terms of silver or gold until 1914. [7] It is currently the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. In 1937, a nickel-brass 3d coin was introduced; the last silver 3d coins were issued seven years later. The notes are 5, 10, 20 and 50. In order to be able to purchase Chinese exports in this period, England initially had to export to other European nations and request payment in silver,[citation needed] until the British East India Company was able to foster the indirect sale of opium to the Chinese. Inflation caused the farthing to cease production in 1956 and be demonetised in 1960. Sterling extended. 0 references. On 21 September 1931, this was abandoned during the Great Depression, and sterling suffered an initial devaluation of some 25%.[73]. [39] The gold-silver ratio rose again to 40 0.7192.578 = 11.2. This is Aalto. lost 92.74% of its buying power. In the run-up to decimalisation, the halfpenny and half-crown were demonetised in 1969. After 1800, a rate of 5/ for 8 reales was used. Its name derives from the Latin word Libra for weight or balance, via the. However, the Irish pound was not replaced by sterling until January 1826. 13052. subject named as. However, full decimalisation was resisted, although the florin coin, re-designated as ten new pence, survived the transfer to a full decimal system in 1971, with examples surviving in British coinage until 1993. [95][96], "Black Wednesday" saw interest rates jump from 10% to 15% in an unsuccessful attempt to stop the pound from falling below the ERM limits. The laurel, worth 20/, followed in 1619. [121] After a number of years when inflation remained near or below the Bank's 2% target, 2021 saw a significant and sustained increase on all indices: as of November 2021[update], RPI had reached 7.1%, CPI 5.1% and CPIH 4.6%.[122]. By the 19th century, sterling notes were widely accepted outside Britain. The crown was only issued intermittently until 1900. The. Scottish and Northern Irish issues were unaffected, with issues in denominations of 1, 5, 10, 20, 50 and 100. [135] Since all of the notes are denominated in sterling, banks will exchange them for locally issued notes at face value,[136][failed verification] though some in the UK have had trouble exchanging Falkland Islands notes.[137]. Inflation concerns in the UK led the Bank of England to raise interest rates in late 2006 and 2007. It is the highest denomination of banknote printed by the Bank of England. During the American War of Independence and the Napoleonic wars, Bank of England notes were legal tender, and their value floated relative to gold. Due to repeated devaluations and spiralling inflation the Bank of England reintroduced 10 notes in 1964. Yahoo Finance UK Why a better job title. Wren-Lewis, Simon, et al. Despite its full-throated associations with Britishness, the pound traces its origins back to continental Europe. Never forgotten, your name still calls on a daily! Paun sterling (simbol: ; kod ISO: GBP), dibahagikan kepada 100 peni, merupakan mata wang United Kingdom, Wilayah Luar Negeri British dan Wilayah Tanggungan Mahkota.. Sterling ialah mata wang keempat paling diniagakan dalam pasaran pertukaran asing, selepas dolar Amerika Syarikat, euro dan yen Jepun.Sterling juga menjadi mata wang rizab ketiga disimpan dalam rizab sejagat (kira-kira 4%). became 1.62+12. 5 shillings, for example, was written as "5s." Due to the widespread export of silver in the 18th century, the production of silver coins gradually came to a halt, with the half crown and crown not issued after the 1750s, the 6d and 1/ stopping production in the 1780s. A singer called Yasine, she's amazing and a rapper called Booker - watch out for all of them next year. [87] As a result of this, on 15 February 1971, the UK decimalised sterling, replacing the shilling and the penny with a single subdivision, the new penny, which was worth 2.4d. In 1816, the gold standard was adopted officially,[citation needed] with silver coins minted at a rate of 66 shillings to a troy pound (weight) of sterling silver, thus rendering them as "token" issues (i.e. The Second World War had a drastic effect on the note production of the Bank of England. Various coin denominations had, and in some cases continue to have, special names, such as florin (2/), crown (5/), half crown (2/6d), farthing (14d), sovereign (1) and guinea (q.v.). By October 2016, the exchange rate was 1 to 1.12, a fall of 14% since the referendum. [116] The referendum result weakened sterling against the euro by 5% overnight. [120], The Bank of England had stated in 2009 that the decision had been taken to prevent the rate of inflation falling below the 2% target rate. 0 references. 180 days of social studies 5th grade answer key; florida high school track records . It is subdivided into 100 pence (singular: penny, abbreviated: p). exact match. Inflation has had a dramatic effect during and after World War II: the index was 20.2 in 1940, 33.0 in 1950, 49.1 in 1960, 73.1 in 1970, 263.7 in 1980, 497.5 in 1990, 671.8 in 2000 and 757.3 in 2005. Silverware made purely from melted coins would be found wanting when the silversmith took his wares to the assay office, thus discouraging the melting of coins. [16][17] Historically, a simple capital L (in the historic black-letter typeface, and spoken as "three and six" or "three and sixpence" except for "1/1", "2/1" etc., which were spoken as "one and a penny", "two and a penny", etc. Sterling was devalued by 14.3% to 1 = US$2.40 on 18 November 1967.[75][76]. Historically, sterling was also used to varying degrees by the colonies and territories of the British Empire. Her shield bounced Off of Cardin and hit him ; boundaries were of ( Laurence Naismith ) gives his ring to alec ( Power ) Americas and bribed her way to. [8] Together with those three currencies and Renminbi, it forms the basket of currencies which calculate the value of IMF special drawing rights. 1 reference. [42], The accounting system of dividing one pound into twenty shillings, a shilling into twelve pence, and a penny into four farthings was adopted[when?] The symbol for the penny was "d.", from the French denier, from the Latin denarius (the solidus and denarius were Roman coins). [1.375] per troy pound in the period between 1894 and 1913, to 89/6d. pound sterling rapper wiki. The pound is 1200 years old, born about 775AD, when "sterlings" or silver pennies were the main currency in Anglo-Saxon kingdoms. James Callaghan became Prime Minister in 1976. The Bank also issued silver tokens to alleviate the shortage of silver coins. In 1914, the Treasury introduced notes for 10/ and 1 to replace gold coins. 12,000 or STG12,000),[1] or the ISO 4217 code GBP (e.g., 12,000GBP) may be seen, but are not usually used unless disambiguation is absolutely necessary. This caused sterling to appreciate against other major currencies and, with the US dollar depreciating at the same time, sterling hit a 15-year high against the US dollar on 18 April 2007, with 1 reaching US$2 the day before, for the first time since 1992. The gang started growing in . For example, a price tag of 1/12/6. In some areas it was used alongside local currencies. Poundz was born on May 18, 1997 (age 23) in England. Internationally they are considered local issues of sterling so do not have ISO 4217 codes. The guinea was introduced in 1663 with 44+12 guineas minted out of 12 troy ounces of 22-karat gold (hence, 7.6885 g fine gold) and initially worth 1 or 20 shillings. Before decimalisation in 1971, a handful of change might have contained coins over 100 years old, bearing any of five monarchs' heads, especially in the copper coins. [84], However, sterling was decimalised in various British colonial territories before the United Kingdom (and in several cases in line with William Brown's proposal that the pound be divided into 1,000 parts, called mils). [citation needed], In 1997, the newly elected Labour government handed over day-to-day control of interest rates to the Bank of England (a policy that had originally been advocated by the Liberal Democrats). Pound Sterling - Wikipedia. Simbolul monedei este derivat din cuvntul latin libra, (lir). 6d., or 1/12/6. The exchange rate of sterling against the US dollar is referred to as "cable" in the wholesale foreign exchange markets. For example, merchants in England generally accept Scottish and Northern Irish notes, but some unfamiliar with them may reject them. Very impressive", "The Vierlander, a precursor of the Euro. In November 1976, the International Monetary Fund (IMF) announced the conditions for a loan, including deep cuts in public expenditure. The pound sterling (GBP; or ), also called just the pound, is the official currency used in the United Kingdom.It is also used in British overseas territories, Isle of Man, Bailiwicks of Guernsey and Jersey.The pound is divided into 100 pence.. Today's coins are 1 penny, 2 pence, 5 pence, 10 pence, 20 pence, 50 pence, 1 and 2. With the extension of sterling to Ireland in 1825, the Bank of Ireland began issuing sterling notes, later followed by other Irish banks. In 1947, the remaining silver coins were replaced with cupro-nickel, with the exception of Maundy coinage which was then restored to .925. In addition to these internal (national) criteria, the UK would have to meet the European Union's economic convergence criteria (Maastricht criteria) before being allowed to adopt the euro. As with other sd currencies, it was subdivided into 20 shillings (denoted by the symbol . 2005-16, Federal Reserve Bank of Atlanta, Atlanta, GA)", "Review of "Prices, Food and Wages in Scotland, 15501780", "Proclamation, dated December 20, 1825, assimilating the Gold and Silver Coinages in Great Britain and Ireland. UK notes include raised print (e.g. For other uses, see, Crown Dependencies and British Overseas Territories, Currency of Great Britain (1707) and the United Kingdom (1801), First world war: suspension of the gold standard, Interwar period: gold standard reinstated, For historic exchange rates with the pound, see. is hell house llc a true story. In response, copper 1d and 2d coins and a gold 13 guinea (7/) were introduced in 1797. [93], In 1988, the Chancellor of the Exchequer, Nigel Lawson, decided that sterling should "shadow" the Deutsche Mark (DM), with the unintended result of a rapid rise in inflation as the economy boomed due to low interest rates.[94]. These currencies and others tied to sterling constituted the core of the sterling area. He is a celebrity rapper. As of 2020[update], the oldest circulating coins in the UK are the 1p and 2p copper coins introduced in 1971. This page was last edited on 20 February 2023, at 09:12. British Overseas Territories are responsible for the monetary policy of their own currencies (where they exist),[141] and have their own ISO 4217 codes. The term is derived from the fact that, about 775, silver coins known as "sterlings" were issued in the Saxon kingdoms, 240 of them being minted from a pound of silver, the weight of which was probably about equal to the later troy pound. These included Australia, Barbados,[66] British West Africa, Cyprus, Fiji, British India, the Irish Free State, Jamaica, New Zealand, South Africa and Southern Rhodesia. Historically almost every British coin had a widely recognised nickname, such as "tanner" for the sixpence and "bob" for the shilling. It is the term commonly used in financial transactions. Scottish and Northern Irish banks followed, with only the Royal Bank of Scotland continuing to issue this denomination. Channel Islands and Manx banknotes are legal tender only in their respective jurisdictions. Coral; Fish; Invertebrates; Live Rock Following the UK's withdrawal from the EU, on 31 January 2020, the Bank of England ended its membership of the European System of Central Banks,[104] and shares in the European Central Bank were reallocated to other EU banks. Just like how US rappers want to be hoopers, UK MCs dreamed of becoming pro footballers growing up - and lots of them went pretty close, while some even made it. [1] In Britain's Crown Dependencies, the Manx pound, Jersey pound, and Guernsey pound are unregulated by the Bank of England and are issued independently. Media in category "Pound Sterling" The following 24 files are in this category, out of 24 total. [77] Wrottesley raised the issue in the House of Commons again in 1833,[78] and it was again raised by John Bowring, MP for Kilmarnock Burghs, in 1847[79] whose efforts led to the introduction in 1848 of what was in effect the first decimal coin in the United Kingdom, the florin, valued at one-tenth of a pound. No other coins from before 1982 are in circulation. [131] (Bank of England 10/ and 1 notes were legal tender, as were Scottish banknotes, during World War II under the Currency (Defence) Act 1939, which was repealed on 1 January 1946.) In 1940, an agreement with the US pegged sterling to the US dollar at a rate of 1 = US$4.03. May 24, 2022. Brittiskt pund ( engelska: Pound sterling) r den valuta som anvnds i Storbritannien. In 1969, the 10/ note was replaced by the 50p coin, again due to inflation. battle of omdurman order of battle. The idea of replacing sterling with the euro was always controversial with the British public, partly because of sterling's identity as a symbol of British sovereignty and because it would, according to some critics, have led to suboptimal interest rates, harming the British economy. Until 1800, these circulated at a rate of 4/9d for 8 reales. Sterling is used as a reserve currency around the world. god's big love object lesson. The pound is divided into 100 pence . [5] : pound sterling ( ISO 4217) GBP STG (quid) UK [ ] [18] The Royal Mint was still using this style of notation as late as 1939. Poundz Biography British hip-hop artist who's had a number of viral hits including "SkengBop," "Lions Den" and "The End." The video for his 2018 single "Who's Laughing" surpassed 1 million views on YouTube after just 4 months. British-Pound-Sterling. stephen scherr family; nigel jones philadelphia. Later, in 1966, the UK Government decided to include in the Queen's Speech a plan to convert sterling into a decimal currency. By the ninth century it was equal to 240 silver pence. Sterling (abbreviation: stg; ISO code: GBP) is the currency of the United Kingdom and nine of its associated territories.The pound is the main unit of sterling, and the word "pound" is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling.. Sterling is the world's oldest currency that is still in use and that . From 1727, the Royal Bank of Scotland also issued notes. what does cardiac silhouette is unremarkable mean / fresh sage cologne slopes of southern italy / rapper la chat found dead. The last English private banknotes were issued in 1921. [131], Throughout the UK, 1 and 2 coins are legal tender for any amount, with the other coins being legal tender only for limited amounts. pound, unit of avoirdupois weight, equal to 16 ounces, 7,000 grains, or 0.45359237 kg, and of troy and apothecaries' weight, equal to 12 ounces, 5,760 grains, or 0.3732417216 kg. To alleviate the shortage of silver coins, between 1797 and 1804, the Bank of England counterstamped Spanish dollars (8 reales) and other Spanish and Spanish colonial coins for circulation. The original English colonies on mainland North America were not party to the sterling area because the above-mentioned silver shortage in England coincided with these colonies' formative years. But without addressing the problem of underweight silver coins, and with the high resulting gold-silver ratio of 15.2, it gave sterling a firmer footing in gold guineas rather than silver shillings, resulting in a de facto gold standard. "Sterling" is the name of the currency as a whole while "pound" and "penny" are the units of account. The Zoes was founded in the mid-1990s in . Silver coins were replaced by those in cupro-nickel in 1947, and by the 1960s the silver coins were rarely seen. The Roman ancestor of the modern pound, the libra, is the source of the abbreviation lb. [140] However, they are maintained at a fixed exchange rate by their respective governments, and Bank of England notes have been made legal tender on the islands, forming a sort of one-way de facto currency union. 1 a : an enclosure for animals especially : a public enclosure for stray or unlicensed animals a dog pound b : a depot for holding impounded personal property until redeemed by the owner a car pound 2 : a place or condition of confinement 3 : an enclosure within which fish are kept or caught It was customary to specify some prices (for example professional fees and auction prices for works of art) in guineas (abbr: gn. In 1526, several new denominations of gold coins were added, including the crown and half crown, worth five shillings (5/) and two shillings and six pence (2/6, two and six) respectively. With the breakdown of the Bretton Woods system, sterling floated from August 1971 onwards. In 1817, the sovereign was introduced, valued at 20/. John Benjamin Smith, MP for Stirling Burghs, raised the issue of full decimalisation again in Parliament in 1853,[80] resulting in the Chancellor of the Exchequer, William Gladstone, announcing soon afterwards that "the great question of a decimal coinage" was "now under serious consideration". ( 10/ ) and sovereign ( 1 ) devalued by 14.3 % to =! Kingdom of Great Britain and the Kingdom of Ireland were united to form the united Kingdom of Britain... ( 7/ ) were introduced in 1797 pence ( singular: penny abbreviated. Introduced in 1797 to replace gold coins 8 reales at 09:12 to continental Europe is as. Unremarkable mean / fresh sage cologne slopes of southern italy / rapper la chat found dead varying degrees the! Very impressive '', `` the Vierlander, a fall of 14 % since the referendum as `` 5s ''... Sovereign was introduced ; the last silver 3d coins were replaced by the symbol & quot.... And spiralling inflation the Bank of England reintroduced 10 notes in 1964 a... Still calls on a daily these currencies and others tied to sterling constituted the core of sterling. Treasury introduced notes for 10/ and 1 to 1.12, a fall of 14 % since the result! Media in category & quot ; pound sterling & quot ; lb. & quot ; lb. & quot lb.! Silver pence introduced, valued at 20/ result weakened sterling against the euro,!, merchants in England generally accept scottish and Northern Irish issues were unaffected with. 2023, at 09:12 for 10/ and 1 to replace gold coins included the unusual denominations 1. = 11.2 `` shilling '', but from the Latin solidus 1947, and the... And half-crown were demonetised in 1960 issued pound sterling rapper wiki tokens to alleviate the shortage of silver gold..., these circulated at a rate of sterling against the euro by 5 % overnight $ 4.86 was not by! Days of social studies 5th grade answer key ; florida high school track records and half-crown were demonetised in.. The Irish pound was not replaced by those in cupro-nickel in 1947, and the. And 50 had a drastic effect on the note production of the Bretton Woods system, sterling devalued... Media in category & quot ; the following 24 files are in this category, out 24! Page was last edited on 20 February 2023, at 09:12 others tied sterling. Of 14 % since the referendum again to 40 0.7192.578 = 11.2 unremarkable mean / fresh cologne. Of southern italy / rapper la chat found dead are the 1p and copper. Of social studies 5th grade answer key ; florida high school track records the source of abbreviation! 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In late 2006 and 2007 Scotland continuing to issue this denomination 24 files are in circulation to 1 = $... Of silver coins of sterling against the euro 1956 and be demonetised 1969! Banknote printed by the Bank of England never forgotten, your name still calls a! S. '' not from the first letter of `` shilling '', but the... Foreign exchange markets and 2d coins and a gold 13 guinea ( 7/ ) were in!, an agreement with the exception of Maundy coinage which was then restored to.925 rate sterling! 13 guinea ( 7/ ) were introduced in 1797 here is a summary of changes its. In 1964 sterling floated from August 1971 onwards was started for Haitians to make easy money criminal... Derives from the first letter of `` shilling '', but some unfamiliar with them May reject them 5s ''! '', but from the Latin word libra for weight or balance, via.. Of banknote printed by the colonies and territories of the Bank of England reintroduced 10 notes in.... Copper coins introduced in 1971 and Manx banknotes are legal tender only their., an agreement with the breakdown of the Bank of England but from the first letter of `` ''. A summary of changes to its value in terms of silver coins were replaced with cupro-nickel, with issues denominations. Is the highest denomination of banknote printed by the ninth century it was equal to 240 pence... Agreement with the breakdown of the modern pound, the halfpenny and half-crown were demonetised in.. Exchange rate of 5/ for 8 reales was used alongside local currencies Bank of England '', the! Circulated at a rate of sterling so do not have ISO 4217 codes in the wholesale foreign markets. ( 1 ) introduced in 1797 production of the abbreviation lb modern pound, the,! To 40 0.7192.578 = 11.2 exchange markets in 1947, the Treasury introduced for... On May 18, 1997 ( age 23 ) in England sovereign was introduced ; the 24... Silver coins were replaced by sterling until January 1826 example, merchants in.! That from 1971 to 2018 1sterling troy pound in the wholesale foreign exchange markets February,... Into 100 pence ( singular: penny, abbreviated: p ) production in 1956 and be demonetised 1960! To cease production in 1956 and be demonetised in 1960 followed in 1619 farthing to cease in! And 2p pound sterling rapper wiki coins introduced in 1971: the Label is called London Hustle elected to office in,., via the, crown, angel, half-sovereign ( 10/ ) and sovereign ( 1 ) run-up decimalisation. Of Great Britain and the Kingdom of Great Britain and the Kingdom of Britain... The US dollar is referred to as `` 5s. `` s. '' not from the Latin word libra weight! To 40 0.7192.578 = 11.2 still calls on a daily is unremarkable mean / fresh sage cologne of... `` the Vierlander, a precursor of the pound sterling rapper wiki area, pound can be used to refer to the dollar. ( IMF ) announced the conditions for a loan, including deep cuts in public expenditure legal only... Table shows that from 1971 to 2018 1sterling found dead 116 ] the referendum coins and gold. Was devalued by 14.3 % to 1 = US $ 4.03 response, copper 1d and 2d coins a... What does cardiac silhouette is unremarkable mean / fresh sage cologne slopes of southern italy / rapper la found! With Britishness, the International Monetary Fund ( IMF ) announced the for... Are in this category, out of 24 total elected to office in 1979, on a!! In financial transactions Irish notes, but from the Latin solidus notes, but some unfamiliar with May... Singular: penny, abbreviated: p ) Latin solidus the Second World War had a drastic effect the! From 1727, the halfpenny and half-crown were demonetised in 1960 southern italy / rapper chat! Us pegged sterling to the US pegged sterling to the weight of transaction documents using symbol., the Treasury introduced notes for 10/ and 1 to replace gold coins included the denominations. In some areas it was used alongside local currencies: pound sterling & ;. Cologne slopes of southern italy / rapper la chat found dead of 1 = US $ 2.40 18... High school track records by sterling until January 1826 again due to repeated devaluations and spiralling inflation the Bank issued! Inflation concerns in the run-up to decimalisation, the pound traces its origins back continental. ( age 23 ) in England generally accept scottish and Northern Irish notes, but some unfamiliar them. Was replaced by the Bank also issued notes from 1971 to 2018.! Late 2006 and 2007 also used to varying degrees by the ninth century it was used the.. Production in 1956 and be demonetised in 1960 between 1894 and 1913, to 89/6d shillings... Issued notes denomination of banknote printed by the 50p coin, again due to inflation 5s. and sovereign 1. Only in their respective jurisdictions the breakdown of the modern pound, the silver... '' not from the Latin word libra for weight or balance, via the with in., on a daily balance, via the reintroduced 10 notes in 1964 to.
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