Ransenari erb: Difference between revisions
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The '''Ransenari erb''' is the currency and legal tender of the [[Ransenar|Kingdom of Ransenar]]. The [[Bank of Ransenar]] issues banknotes and the national mint [[Royal Mint (Ransenar)|Royal Mint]] issues coins. | The '''Ransenari erb''' is the currency and legal tender of the [[Ransenar|Kingdom of Ransenar]]. The [[Bank of Ransenar]] issues banknotes and the national mint [[Royal Mint (Ransenar)|Royal Mint]] issues coins. The currency is also in use in the [[Sovereign Confederation]], [[Alduria]], and the [[Wechua Nation]]. The Ransenari erb is pegged to the value of the Sovereign Confederation's currency, the [[Sovereign Avak|Avak]]. | ||
The Ransenari erb is divided into 100 Sovereigns. The erb has been in use since 1673 AM, when it replaced the Shirerithian erb. | |||
The currency sign for the Ransenari erb ⟨R€ ⟩ is a continuation of the Shirerithian erb's currency sign. | |||
==History== | ==History== | ||
The origin of the name "erb" comes from the Shirerithian Seventh Republic, with Lukedu using the "E" shape of the erb as inspiration for the name. Originally the symbol of the currency was part of the name but over time this changed as the spelling lost popularity. | |||
From the formation of the modern Kingdom of Ransenar in 1673 AN, the old Imperial banknotes continued to be issued by the regional branches of the Assayers as the Ransenari erb which was pegged to the [[Sovereign Avak|Avak]]. In 1674, the minting of the Ransenari erb passed to the newly created [[Bank of Ransenar]] and the [[[Royal Mint (Ransenar)|Royal Mint]]. | |||
The Bank of Ransenar and the government of Ransenar have maintained a careful and conservative fiscal and monetary policy, gradually introducing various market-based economic reforms. In addition, the accession of Ransenar to the [[Raspur Pact]] opened up more markets to Ransenari exports. Signing of free trade agreements with the Republic of Alduria helped the Ransenari economy become more competitive, while heavy investment in its industrial and scientific base allowed the nascent country to take advantage of increasing exports opportunities and opening new markets for its products and services. As a result of these factors, inflation has remained relatively low and the country now maintains a positive balance of payments, with a current account surplus equivalent to about 3% of its GDP in 1678 AN. | |||
Since 1675 AN, the Ransenari erb has been a freely convertible currency. It is also a currency that can be exchanged by consumers in many parts of the world. | |||
==Coins== | ==Coins== | ||
Revision as of 00:20, 16 December 2019
| Ransenari erb | |
| Denominations | |
|---|---|
| Symbol | R€ |
| Banknotes | R€1, R€5, R€10, R€20, R€50, R€100 |
| Coins | 5 Srs, 10 Srs, 25 Srs, R€1 |
| Demographics | |
| User(s) |
 Ransenar |
| Pegged with |
 Avak |
The Ransenari erb is the currency and legal tender of the Kingdom of Ransenar. The Bank of Ransenar issues banknotes and the national mint Royal Mint issues coins. The currency is also in use in the Sovereign Confederation, Alduria, and the Wechua Nation. The Ransenari erb is pegged to the value of the Sovereign Confederation's currency, the Avak.
The Ransenari erb is divided into 100 Sovereigns. The erb has been in use since 1673 AM, when it replaced the Shirerithian erb.
The currency sign for the Ransenari erb ⟨R€ ⟩ is a continuation of the Shirerithian erb's currency sign.
History
The origin of the name "erb" comes from the Shirerithian Seventh Republic, with Lukedu using the "E" shape of the erb as inspiration for the name. Originally the symbol of the currency was part of the name but over time this changed as the spelling lost popularity.
From the formation of the modern Kingdom of Ransenar in 1673 AN, the old Imperial banknotes continued to be issued by the regional branches of the Assayers as the Ransenari erb which was pegged to the Avak. In 1674, the minting of the Ransenari erb passed to the newly created Bank of Ransenar and the [[[Royal Mint (Ransenar)|Royal Mint]].
The Bank of Ransenar and the government of Ransenar have maintained a careful and conservative fiscal and monetary policy, gradually introducing various market-based economic reforms. In addition, the accession of Ransenar to the Raspur Pact opened up more markets to Ransenari exports. Signing of free trade agreements with the Republic of Alduria helped the Ransenari economy become more competitive, while heavy investment in its industrial and scientific base allowed the nascent country to take advantage of increasing exports opportunities and opening new markets for its products and services. As a result of these factors, inflation has remained relatively low and the country now maintains a positive balance of payments, with a current account surplus equivalent to about 3% of its GDP in 1678 AN.
Since 1675 AN, the Ransenari erb has been a freely convertible currency. It is also a currency that can be exchanged by consumers in many parts of the world.
