RAAM, or Raam is a bearer bond and local currency issued by Stichting Maharishi Global Financing Research ( SMDFR ), a charitable foundation based in MERU, Holland.

The Raam was launched on October 26, 2001 and is the concept of Maharishi Mahesh Yogi, founder of the Transcendental Meditation technique and the Global Country of World Peace.

The Raam differs from other complimentary currencies because its focus is on the export of products ― in this case organic agricultural products from third world growers to consumers in developed countries ― rather than improving local circulation to benefit the lives of local people.

The Raam is a bearer bond that earns a total of 3 % interest after five years ( 0. 6 % simple interest annually ).

It is issued in denominations of 1, 5 and 10 Raams, with one Raam equal to 10 Euros in Europe, and one Raam equal to 10 dollars in the U. S. Raam notes are printed by Joh.

The Raam is currently used alongside Euros in accordance with Dutch law in more than 100 shops in the Netherlands.

The Raam is also in use in Maharishi Vedic City, Iowa.

The Maharishi Vedic City Raam is identical to the Dutch one except for a small yellow stamp " Maharishi Vedic City ".

The Raam is accepted at Maharishi University of Management and a few businesses in nearby Fairfield.

It is unclear as to how the Raam will circulate in the other countries, since 1 Raam is worth 10 Euro, and there are no smaller denominations.

" Raam " is well known marathi music director " Ram Kadam " " Raam " died right after signing for Agent Vinod ( 1977 ) in 1976.

The RAAM, or Raam is a currency and bond issued in 2001 by Stichting Maharishi Global Financing Research ( SMDFR ), a charitable, Netherlands foundation.

Kabeer is the child of God, Allah, Raam.

As of 2003, the Dutch Central Bank estimated that there were approximately 100, 000 Raam notes in circulation.

The First National Bank of Fairfield initially agreed to accept the Raam and exchange it for dollars, but stopped after a few weeks because of discomfort in monitoring the alternative currency on a daily basis, and potentially being stuck with worthless Raam.

From 1940 on, back-filling of the city moats and city-canals, the grachten, began: the Nieuwe Haven, Raam, Naaierstraat, and Achter de Vismarkt.

One source says that, in the mid-fourteenth century, due to the threat of an epidemic, King U Thong moved his court south into the rich floodplain of the Chao Phraya on an island surrounded by rivers, which was the former seaport city of Ayothaya, or Ayothaya Si Raam Thep Nakhon, the Angelic City of Sri Rama.

Raam currency. According to Benjamin Feldman, the Minister of Finance for the Global Country of World Peace: " There are 1. 5 billion people living in extreme poverty and currencies like the US dollar are not available to most of them.

According to Maharishi Global Financing, agreements were made in 2004 with a farmers ' association in South America and with traditional leaders in Africa to start using the Raam for agricultural development projects.

CATO Institute currency expert James Dorn expressed doubt about the viability of the plan, suggesting that other economic approaches would be a better way to establish the network of collective farms envisioned by the Raam project.

As of March, 2004, there was no information available about the Raam development projects, what projects had actually been started, or whether there were any results from the first 2½ years of the project.

A convertible bond is a bond that an investor can return to the issuing company in exchange for a predetermined number of shares in the company.

The price of a convertible bond is sensitive to three major factors:

When the price of the stock the bond is convertible into moves higher, the price of the bond tends to rise.

While the rail infrastructure dates from colonial and early republican times, passenger service along the principal Havana to Santiago corridor is increasingly reliable and popular with tourists who can purchase tickets in Cuban convertible pesos.

The US dollar is an example of a fully convertible currency and for this reason, US dollars are one of the major currencies traded in the FOREX market.

The Indian Rupee is an example of a partially convertible currency.

As the first public bank to " offer accounts not directly convertible to coin ", the Bank of Amsterdam established in 1609 is considered to be the precursor to modern central banks.

This tool is generally used in countries with non-convertible currencies or partially convertible currencies.

The country's currency, the dirham, is now fully convertible for current account transactions ; reforms of the financial sector have been implemented ; and state enterprises are being privatized.

Nigeria is already using gauge convertible sleepers on the Onne line, and would presumably use them on the Niger Extension, so that initially 1067mm gauge would be used with easy conversion to at a later date.

It is already used for access control for door locks and jamming protection in convertible car roofs.

The Boxster's name is derived from the word " boxer ", referring to the vehicle's horizontally opposed or " boxer " engine, and the word " roadster ", referring to the vehicle's two-seat capacity and convertible top.

The currency is stable, fully convertible, and backed by substantial reserves.

IV, p. 164 ): " The fundamental tenet of the Vedânta school consisted not in denying the existence of matter, that is solidity, impenetrability, and extended figure ( to deny which would be lunacy ), but in correcting the popular notion of it, and in contending that it has no essence independent of mental perception ; that existence and perceptibility are convertible terms.

The exchange rate between U. S. dollar and Vietnamese dong is important because the dong, although not freely convertible, is loosely pegged to the dollar through an arrangement known as a " crawling peg ".

If we admit that ruff and trump are convertible terms, of which there is scarcely a doubt, the game of trump was the precursor of whist.

the 500 yen coin was the highest-valued coin to be used regularly in the world ( depending on exchange rates, the rarely used 5 Cuban convertible peso coin is sometimes the highest-valued ), with value of over US $ 6.

In an international gold-standard system ( which is necessarily based on an internal gold standard in the countries concerned ), gold or a currency that is convertible into gold at a fixed price is used as a means of making international payments.

The convertibility, however, may be forced if the convertible is a callable bond, and the issuer calls the bond.

It is convertible to other forms of vitamin A, and the retinyl ester derivative of the alcohol serves as the storage form of the vitamin in animals.

There is considerable debate as to the car's authenticity as a convertible and no documentation has ever been provided to show the Tucker Corporation ever built a convertible prototype.