Caprish Shilling

The Caprish Shilling (Caprish: scillyng, symbol: Ꭶ) is the currency of the Duchy of Caproney. It is issued by Capriscebanc, the central bank of Caproney. Its ISO 4217 code is CPS. The Caprish Shilling is pegged to the Euro, and is subdivided into 12 pence (pennyng).

A ten shilling note issued in 1919.

History

Caprish coinage was generally based on the Carolingian silver standard, with 12 pennyng to a scillyng and 20 scillyng to a pound; later on, 16 scillyng to a mark (marc). The metal content of minted coins was subject to debasement over the centuries, an easy way to generate income for the monarch and/or the state. Taxes were sometimes imposed via the coinage, such as by the compulsory substitution of coins handed in by new coins handed out with a lower silver content. Later the Caprish Shilling was issued in paper money.

In 1919 the shilling was traded at a rate of 3.82 shillings = 1 U.S. dollar. As of 1938, the rate was 4.53 shillings = 1 U.S. dollar. When the Bretton Woods System was adopted in 1940, the Caprish Shilling was pegged to the U.S. Dollar at 4.92 shillings = 1 U.S. Dollar.

Relationship to the Euro

The Duchy of Caproney is not a member of the European Union and is not obligated to adopt the Euro. Despite this, the Caprish Shilling is closely pegged to the Euro, with a deliberate effort being made to maintain a 5:1 ratio between Shillings and Euros in ERM II, the EU's exchange rate mechanism. The Caprish five and ten shilling coins closely mimic the one and two euro coins respectively.

Coins of the Caprish Shilling

Two old silver coins and a new copper coin on a table. The largest coin is a 1621 Caprish Taler, the small silver coin is a Bee Shilling, and the copper coin is a 2022 Caprish penny.

Historically, there have been many coins minted by the Caprish mint and other mints in Caproney. The standard denominations were

The current coins of the Caprish Shilling include:

Copper

• 1 Pennyng (¹⁄₁₂Ꭶ) - Coat of Arms and Denomination Numeral 1
• 2 Pennyngen (⅙Ꭶ) - Coat of Arms and Denomination Numeral 2

Silver/Cupro-Nickel

• 6 Pennyngen (½Ꭶ) or half shilling - Coat of Arms and Denomination 6
• 1 Shilling (1Ꭶ) - Portrait of Caroline and sailing ship
• 2 Shilling (2Ꭶ) - Portrait of Caroline and scene with sailing ship and light house

Bimetallic

• 5 Shilling (5Ꭶ) - Portrait of Caroline and map of Caprish Archipelago

Banknotes of the Caprish Shilling

Reverse of a 20 Shilling note.