Zeedic ruble
| Zeedic ruble | |
| Рубль | |
| Denominations | |
|---|---|
| Subunit | |
| 1/100 | denga |
| 1/1000 | kopek |
| Symbol | ₽ |
| Banknotes | 10, 25, 50, 100, 500, 1000, 5000, 10000 ruble |
| Coins | 1, 5, 10, 20, 50 kopek, 1, 2, 5 ruble |
| Demographics | |
| User(s) | Zeed |
| Issuance | |
| Central bank | Bank of Zeed |
| Valuation | |
| Inflation | 125% (1730 AN) |
| Source | Bank of Zeed |
The Zeedic ruble (ZDR) is the official currency of Zeed. Originally established during the early days of the Union of the Republics of Zeed, the currency has experienced significant turbulence throughout its history, particularly following the Third Euran War. The ruble is subdivided into 100 dengi or 1000 kopeks, with one denga equal to 10 kopeks.
History
When first introduced in 1688 AN following the Rokhpin Revolution, the Zeedic ruble was theoretically valued based on uranium reserves, with 1 ruble set to equal one loaf of ric of uranium (0.4832 kg). This unusual backing choice reflected Zeed's significant uranium deposits and the revolutionary government's desire to establish a unique monetary system independent of international financial markets. During the Third Euran War, the currency experienced severe instability as military expenditures and economic isolation led to rampant inflation. By 1700 AN, the currency had effectively collapsed in international markets, with many domestic transactions reverting to barter. Following Zeed's defeat in the Third Euran War, Zeed Directive 2 attempted to stabilize the currency by pegging it to the Benacian sovereign at a rate of 90,000 rubles to one sovereign. The currency was backed by state assets and the prestige of the Raspur Pact, though this provided only modest stability. The extreme devaluation rate reflected both the dire state of the Zeedic economy and the high value of the gold-backed Benacian sovereign.
By the establishment of the Commonwealth of Zeed in 1716 AN, monetary reforms and economic stabilization efforts had improved the ruble's position to approximately 90 rubles per Benacian sovereign. However, the currency remains vulnerable to inflationary pressures and external shocks.
Coins and Banknotes
Modern Zeedic rubles are issued in both coin and note form. Coins are minted in denominations of 1, 5, 10, 20, and 50 kopeks, as well as 1, 2, and 5 rubles. Banknotes are printed in denominations of 10, 25, 50, 100, 500, 1000, 5000, and 10000 rubles, with higher denominations periodically introduced to combat inflation.
Design
Current banknotes feature portraits of figures from Zeedic history on the obverse and industrial or natural landmarks on the reverse. All notes include various security features including watermarks, security threads, and microprinting. The notes are printed by the State Printing Works in Rusjar under authority of the Bank of Zeed.
Economic Role
Despite stabilization efforts, the Zeedic ruble remains a relatively weak currency, particularly in international markets. High inflation continues to be a persistent problem, with the official rate reaching 125% in 1730 AN. Most international trade involving Zeed is conducted in Imperial Staters or Natopian Natopos, with the ruble primarily serving domestic transactions.
