Emerstarian skille

Emerstarian skille
Skille
10 Skiller (obverse) 10 Skiller (reverse)
Denominations
Subunit
1/100	Pennige
Plural	Skiller
Pennige	Pennigar
Symbol	S
Pennige	h
Nickname	Riksmedall
Pennige	Pensa
Banknotes
Freq. used	5S, 10S, 25S, 50S, 100S
Rarely used	1S, 2S
Coins
Freq. used	Krone (10S), Fomning (5S), Helling (1S), Halving (50p), Kosmynt (10p), Fomspennigar (5p)
Rarely used	Kuingske (50S), Leijon (20S), Dubbelkosmynt (20p), Pennige (1p), Kvartering (0.25p)
Demographics
Date of introduction	1627
User(s)	Emerstari, its dependencies, and New Retermi
Issuance
Central bank	Emeriges Rikesbanke
Valuation
Inflation	1.24%
Source	2018

The Emerstarian skille, also known as the riksmedall, is the official currency of Emerstari, its dependencies, and New Retemri that was introduced in 1627 in accordance with a new bimetallic standard by Ervin II Gustaf to replace the older, silver-backed Sølving. It is identified with the ISO code "S," which follows the value in most cases. The skille is sometimes known as the shilling in English since skille literally means shilling in Emerstarian; the Soumian sjaåla takes its name from the skille.

One skille is subdivided into two halvinger, one Halving is subdivided into four kosmynter, and one kosmynt is subdivided into twelve pennigar. Thus, there are eight kosmynter and ninety-six pennigar in a skille. The kosmynt (Emerstarian: cow's coin) is possibly the oldest term in regards to Emerstarian currency, first being recorded in 734 as the price of a cow. There are seven banknote denominations within the system, and excluding special edition coins released by the Emerstarian government from time to time, there are nine coin denominations.

The skille is equal in value to the other currencies within the Ostensted Monetary Union; this means, in accordance with the most recent specifications set by the Ostensted Treaty Council in 1986, one skille is equivalent to 0.1 grams of gold or 0.56 grams of silver, as result of the set gold-to-silver ratio of 1:56.

History

The oldest known Emerstarian coin is a Kosmynt dating to AD 734, but systematic minting in Emerstari would not appear until unification in the eleventh century when the sølving, the Emerstarian currency from 1051 until 1627, was adopted. The largest center of minting was the the city of Rensulier but coins were struck in the cities of Ljundburg, Månskilde, Ulgelse, and Osterborg as well. With few exceptions, even to the present, Emerstarian coins feature monarchs with their names, monograms, and/or portraits.

The skille was adopted in 1627, when Ervin II Gustaf dropped the silver standard for the bimetallic standard. The adoption of the bimetallic standard would be an indirect cause of the Treaty of Otsensted between Canaria, Coelans, Emerstari, the Friedish Confederation, and Saurland in 1859, leading to the Otsensted Monetary Union. Under the treaty, each of contracting state's currency is equivalent and set to common specifications.

Decimalization

Since 1627, the skille had been subdivided into eight kosmynter; a kosmynt, in turn, was divided into sixteen forthings. before its replacement, the sølving had been subdivided similarly. In 1956, though, a special summit of the Otsensted Treaty Council required that each contracting state's currencies undergo decimalization on 1 January 1960. As a result of this, the skille is presently subdivided into one hundred pennigar; though, there is still a coin in circulation that is worth ¼ of a pennige.

Banknotes

On 21 July 2002, Emeriges Riksbanke announced the names of the persons whose portraits would be on the new banknote series that would be introduced on 10 January 2004:

• Erik XII Georg on the 1-Skille banknote; Green
• Olaf III Aleksender on the 2-Skiller banknote; Red
• Erik XI Deitrik on the 5-Skiller banknote; Orange
• Karl IV Lorens on the 10-Skiller banknote; Blue
• Erik VIII Olaf on the 25-Skiller banknote; Purple
• Erik X Gustaf on the 50-Skiller banknote; Brown
• Erik XII Georg on the 100-Skiller banknote; Yellow

Banknotes of Emerstari

Image		Value	Dimensions	Main color		Description			Date of
Obverse	Reverse					Obverse	Reverse	Watermark	first printing	issue
		10 Skiller	181 × 74 mm		Blue	Karl IV Lorens	Emerstarian blueberry fields	Tred Kroner	2003	10 January 2004

Coins

Overview of Emerstarian coins

Name	Value	Diameter (mm)	Thickness (mm)	Weight (g)	Fineness	Composition	Obverse	Reverse	Current design issued since
Kvartering	0.25 pennigar	-	-	-	0.9	Silver	Erik XII Georg	Trees	1994
Pennige	1 pennige	-	-	-	0.9	Silver	Erik XII Georg	Blue Jay	1994
Fomspennigar	5 pennigar	-	-	-	0.9	Silver	Georg I Erik	Coat of arms of the Hus of Eirikr	1939
Kosmynt	10 pennigar	-	-	-	0.9	Silver	Eirikr Segersælla	Deer head	1954
Dubbelkosmynt	20 pennigar	-	-	-	0.9	Silver	Erik XII Georg	Cornflower	1994
Halving	50 pennigar	-	-	-	0.9	Silver	Erik XII Georg	Rensulier Palace	1994
Helling	1 skille	-	-	-	0.9	Silver	Erik XII Georg	Map of Emerstari	1994
Fomning	5 skiller	-	-	-	0.9	Silver	Erik XII Georg	Bear	1994
Krone	10 skiller	-	-	-	0.9	Gold	Erik XII Georg	Tred Kroner	1994
Leijon	20 skiller	-	-	-	0.9	Gold	Karl IV Lorens	Lion	1922
Kuingske	50 skiller	-	-	-	0.9	Gold	Erik XII Georg	Cross	1994