Eldmarkian Krona

Eldmarkian Krona

Eldmarks Kronor (Ostisk)
File:EKR 1KronaOBV.png A currently issued 1 Krona Bill
ISO 4217
Unit
Plural	Kronor
Symbol	K‎
Denominations
Subunit
1:100	öre
Plural
öre	öre
Symbol
öre	ö
Banknotes
Freq. used	K1, K5, K10, K20, K100
Rarely used	K50
Demographics
User(s)	Eldmark
Issuance
Central bank	Riksbank Eldmark
Website	riksbank.el
Valuation
Value	1 K = 0.23 EUC

The Eldmarkian Krona is the official currency of Eldmark, issued by the Riksbank Eldmark.

History

The The name “Krona” is Ostisk for "crown.” From the time of Ordennian colonial rule, the Krona was used as a currency, in silver form, using the silver standard of valuation. When Eldmark declared independence from the Ordennian government, the currency lost a significant amount of value and, for a brief time, the Eldmarsk provisional governments issued the Papperkrona, a currency not backed by silver or gold, only on the credibility of the government, to finance the war. Shortly after the Krona was reintroduced to the silver standard. After the Great War, the currency was switched to a fiat currency with a floating exchange rate.

Until 1992, the krona was subdivided into 100 öre. After the Sales Tax Act of 1992, all purchases are instead rounded up to the nearest krona with notable exception to small purchases under K5.

Exchange rate

The Riksbank Eldmark, Eldmark's central bank, manages the exchange rate of the krona in times of economic issue, therefore giving the currency in that time period a managed float exchange rate.

The advantages that Eldmark reaps from having a floating/managed float exchange rate is primarily the ability for it to absorb immediate economic shock or currency crisises, while allowing for the Riksbank to intervene if needed.

Banknotes

Current Series
Image		Value	Main Colour	Description
Obverse	Reverse			Obverse	Reverse
File:EKR 1KronaOBV.png	File:EKR 1KronaREV.png	1 Krona	Blue	Meeting of General Adolf Lundquist and Chief Byshwae, Battle of Platenburg, Erik I	Desert Hummingbird and Cactus Flower, Platefält, Ödemark
File:EKR 5KronaOBV.png	File:EKR 5KronaREV.png	5 Kronor	Olive	Diagram of the ESS Adelström, Battle of the Horn, Stefan I	Hyacinth Macaw on a limb, Hamvarsund Rainforest, Hornmark
File:EKR 10KronaOBV.png		10 Kronor	Red	Railway Cannon "Big Karl", Battle of Vaxholmen, Karl I	Cormorant on a rock, Storabryggan National Park, Väno
File:EKR 20KronaOBV.png	File:EKR 20KronaREV.png	20 Kronor	Green	Diagram of a M234 Hammarkannon, the ESS Adelström on the hunt for submarines in the Vehemens, Frederick I	Lesser Rhea, Gröntbergen, Nåstad
File:EKR 50KronaOBV.png	File:EKR 50KronaREV.png	50 Kronor	Orange	Quill and ink used to sign the Författningen, First session of the Riksdag, Elianora I	Golden eagle on a branch, Himdal National Park, Alestad
File:EKR 100KronaOBV.png	File:EKR 100KronaREV.png	100 Kronor	Purple	White poppy flower, Mural of the Unity of Man, Frederick II	Raven on the Kungliga Hillebard, Kaktusfält, Tömmastad

Coins

Current Series
Image		Value	Metal	Description
Obverse	Reverse			Obverse	Reverse
File:1ore.png	File:1orettails.png	1 öre	Zinc, Copper	SOON	SOON
File:5ore.png	File:5oretails.png	5 öre	Nickel, Copper	SOON	SOON
File:10ore.png	File:10oretails.png	10 öre	Nickel, Copper	SOON	SOON
File:25ore.png	File:25oretails.png	25 öre	Zinc, Copper	SOON	SOON
File:50ore.png	File:50oreconcepttails.png	50 öre	Ryggrad Gold, Nickel	SOON	SOON
File:1kronacoin.png	File:1kronacointails.png	1 Krona	Ryggrad Gold, Nickel	SOON	SOON