Chrysean credit: Difference between revisions
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{{Chryse Article}} | {{Chryse Article}} | ||
The '''Chrysean credit''' (CYC), originally named '''crisis credit''' in 1685 as a temporary currency of the short-lived [[United Benacian Republic]], is the currency of [[Chryse]]. It was established upon the collapse of [[Gran Verionia]] in 1685 as an emergency currency with sole legal tender in the United Benacian Republic. In its firth month of circulation, inflation increased about 125% before stabilizing. A few weeks later, the United Benacian Republic collapsed, and the crisis credit became a permanent currency of Chryse. Its name was changed at the same time. | The '''Chrysean credit''' (CYC), originally named '''crisis credit''' in 1685 as a temporary currency of the short-lived [[United Benacian Republic]], is the currency of [[Chryse]]. It was established upon the collapse of [[Gran Verionia]] in 1685 as an emergency currency with sole legal tender in the United Benacian Republic. In its firth month of circulation, inflation increased about 125% before stabilizing. A few weeks later, the United Benacian Republic collapsed, and the crisis credit became a permanent currency of Chryse. Its name was changed at the same time. | ||
Beginning in the eleventh month of {{AN|1703}} all holdings in credits were to be converted to the [[Benacian sovereign]] at a rate of 1 credit to 4 ''chits''. The process of transferral was scheduled to be completed by 24.V.{{AN|1704}}. | |||
[[Category:United Benacian Republic]] | [[Category:United Benacian Republic]] | ||
[[Category:Currency]] | [[Category:Currency]] | ||
[[Category:Chryse]] | [[Category:Chryse]] | ||
Latest revision as of 12:13, 22 December 2021
The Chrysean credit (CYC), originally named crisis credit in 1685 as a temporary currency of the short-lived United Benacian Republic, is the currency of Chryse. It was established upon the collapse of Gran Verionia in 1685 as an emergency currency with sole legal tender in the United Benacian Republic. In its firth month of circulation, inflation increased about 125% before stabilizing. A few weeks later, the United Benacian Republic collapsed, and the crisis credit became a permanent currency of Chryse. Its name was changed at the same time.
Beginning in the eleventh month of 1703 AN all holdings in credits were to be converted to the Benacian sovereign at a rate of 1 credit to 4 chits. The process of transferral was scheduled to be completed by 24.V.1704 AN.
