Mercurian crown

Mercurian crown
Denominations
Symbol	₥c
Banknotes	500 ₥c, 1000 ₥c, 5000 ₥c, 10000 ₥c
Coins	1 ₥c, 5 ₥c, 10 ₥c, 25 ₥c, 50 ₥c, 100 ₥c
Demographics
User(s)	Mercury and territories

The Mercurian crown is the official currency of Mercury, which was adopted on 1 July 2020. It replaced the Mercury Credit, which had been used in Mercury since its foundation in 2010.

Rationale for adoption

The Mercurian government elected to adopt the Crown following the eruption of Montaña Blanca and the evacuation of Lusa, North Antarctica and Qavaqaqqaqqaniitqeqertaq. Despite the Credit being pegged to the value of the Cräite, it fell dramatically as a result of the eruption and subsequent economic downturn, meaning that the government had to borrow additional money in order to carry out the evacuation, as they were no longer being accepted on a 1:1 basis internationally. The vast increase in government spending, in turn, had depleted the amount of Credits available within Mercury, causing significant falls in prices. With Mercury not being able to exert sufficient control over its currency, it became necessary to separate it from the Cräite, to allow flexibility to act in similar situations.

The government decided that the new currency would not be subdivided, but would instead take on an initial ratio of 100:1 against the Cräite, to allow a simple conversion of existing currency into the new Crown. After an initial period, the Crown will be un-pegged from the Cräite.

Usage

The Crown is used as the sole official currency in Mercury, and also in its autonomous territories of Castilona, the Franklin Islands, Lusa, Nova England, Nova English Korea, Osktrava and Qavaqaqqaqqaniitqeqertaq. The Craitish Cräite continues to be accepted in Mercury.

Coins

2020 series
Image		Value	Technical parameters		Description			Date of
Obverse	Reverse		Diameter	Composition	Edge	Reverse	Obverse	First minting	Issue
		1 ₥c	20mm	99% aluminium 1% magnesium	Plain	Indication of value (number), issuing bank, Coat of arms of Mercury	Issuing bank, year of minting, Coat of arms of Mercury	2020	1 July 2020
		5 ₥c	25.6mm
		10 ₥c	28mm	Nickel-plated steel	Reeded
		25 ₥c	22.4mm		Plain
		50 ₥c	30mm	Brass-plated steel	Reeded	Indication of value (number), issuing bank, Coat of arms of Mercury	Issuing bank, year of minting, Coat of arms of Mercury	2020	1 July 2020
		100 ₥c	27.6mm	Outer: Copper-plated steel Inner: Brass-plated steel	Reeded with text	Indication of value (number), issuing bank, Coat of arms of Mercury	Issuing bank, year of minting, Coat of arms of Mercury	2020	1 July 2020
For table standards, see the coin specification table.

Banknotes

2020 series
Image		Value	Dimensions	Main colour	Substrate	Description			Date of issue
Obverse	Reverse					Obverse		Reverse
		500 ₥c	114 × 57 mm	Turquoise	Polymer	Coat of arms of Mercury, issuing bank, indication of value	Hookton Forest		1 July 2020
		1000 ₥c	120 × 60 mm	Orange			Cook Island Park
		5000 ₥c	128 × 64 mm	Green			Araucaria araucana
		10000 ₥c	136 × 68 mm	Red			Maple trees