Lemovician denar: Difference between revisions

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{{Infobox currency
{{Infobox currency
| currency_name_in_local = Менділурако денара/Mendilurrako denara ({{wp|Basque language|Lemovician}})<br>Denar łemowiczi ({{wp|Polish language|Miersan}})
| currency_name_in_local = Mendiluŕako denara
| image_1 = 20LVNnote.png
| image_1 = 20LVNnote.png
| image_title_1 = 20 denar banknote
| image_title_1 = 50 denari banknote
| iso_code = LVN
| iso_code =  
| issuing_authority = [[State Bank of Lemovicia]]
| issuing_authority = [[State Bank of Lemovicia]]
| issuing_authority_website =  
| issuing_authority_website =  
| date_of_introduction = 1993
| date_of_introduction = 1979
| date_of_introduction_source =
| date_of_introduction_source =
| using_countries = {{flag|Lemovicia}}
| using_countries = ''{{flag|Lemovicia}}'' (alongside [[East Miersan grosz]])
| inflation_rate = -0.9%
| inflation_rate =  
| inflation_source_date =  
| inflation_source_date =  
| subunit_ratio_1 = 1/100
| subunit_ratio_1 = 1/100
| subunit_name_1 = зентімо/zentimo<br>cent
| subunit_name_1 = kobrea
| symbol = Д, Ð
| symbol = Ð
| symbol_subunit_1 = з, c
| symbol_subunit_1 = ᴋ
| plural = денарі/denari<br>denary
| plural = denari
| plural_subunit_1 = зентімо/zentimo<br>centów
| plural_subunit_1 = kobreak
| frequently_used_coins = 10, 20, and 50 cents<br>1, 2, and 5 denars
| used_coins = 1, 5, 10, 20, 50 kobreak, 1, 2, 5 denari
| rarely_used_coins = 1 and 5 cents
| used_banknotes = 10 denari, 20 denari, 50 denari
| frequently_used_banknotes = 10, 20, 50, and 100 denars
| pegged_with = [[East Miersan grosz]] (gr) = 1 denar
| rarely_used_banknotes = 500 denars
| pegged_with = [[Euclo]] (€) = 1.95583 denars
}}
}}
The '''Lemovician denar''' ({{wp|Basque language|Lemovician}}: Менділурако денара, ''Mendilurrako denara'', {{wp|Polish language|Miersan}}: ''Denar łemowiczi'', symbol: Д ''or'' Ð) is the {{wp|national currency}} of [[Lemovicia]]. First introduced in 1934, the current denar was introduced in 1993 following the end of the [[Lemovician Civil War]], as {{wp|hyperinflation}} had made the Lemovician denar worthless.
The '''Lemovician denar''' ({{wp|Basque language|Lemovician}}: ''Mendiluŕako denara'', symbol: Ð) is the {{wp|national currency}} of [[Lemovicia]]. First introduced in 1979, it has been set at a 1:1 peg to the [[East Miersan grosz]], which is the most commonly used currency in Lemovicia.
 
Until the [[Euclo]] was introduced, it was pegged 1:1 with the [[Weranic reichsmark]], but today is pegged with the Euclo so one euclo is worth 1.95583 denars.


==History==
==History==
===First denar (LVD)===
Upon [[Lemovicia]]'s independence from [[West Miersa]] in 1979, a need for a currency became urgent, particularly to assert its independence from West Miersa. Thus, in December 1979, the Lemovician denar was officially established, with an exchange rate set to 1 [[East Miersan grosz]] to 1 denar, with production to be made by the [[State Bank of Lemovicia]]. However, due to the [[Lemovician War]] and [[Miersan War]], no denar coins and banknotes were produced, leading to the {{wp|de-facto}} adoption of the East Miersan grosz by the Lemovician population, including the government.
[[File:1LVDnote.png|150px|thumb|left|A 1,000,000,000,000 banknote, 1991]]
Following the independence of [[Lemovicia]] from [[Narozalica]] in 1934, the Lemovician government's main priority was to adopt a new currency to reflect its independence from Narozalica. Thus, on 21 November, 1934, the first Lemovician denar ({{mono|LVD}}) was introduced, with one Lemovician denar to be worth 0.290322 gram of {{wp|fine gold}}. Coins worth 1, 5, 10, 20, and 50 zentimo were produced, while banknotes worth 1, 2, 5, 10, 20, 50, 100, 500, and 1,000 denari were produced on that date. However, the [[Narozalic zalota|zalota]] continued circulating until the end of 1934.
 
When the Lemovician denar became a {{wp|fiat currency}} in 1957, as countries across [[Kylaris|the world]] abandoned the gold standard, the currency began to devalue, although until the start of the [[Lemovician Civil War]] in 1980, the inflation rate was generally around 5% per year.
 
However, with the outbreak of the Lemovician Civil War in 1980, {{wp|hyperinflation}} began setting in: by the start of 1983, only the 50 zentimo coin was still being minted, and by the end of the year, it ceased being minted, while the 5,000, 10,000, and 20,000 denar banknotes were introduced by the end of 1983. By 1984, the 50,000, 100,000, and 500,000 denar banknotes were introduced, and by 1985, the 1,000,000, 5,000,000, 10,000,000, and 20,000,000 denar banknotes were introduced. This led to many Lemovicians refusing to use their own currency, with the [[Miersan Entity|Miersan separatists]] and [[Liberal Democratic Party of Lemovicia|Lemovician opposition]] using the [[West Miersan grosz]]. By 1988, values up to 10,000,000,000 denari were being printed, and by 1991, a 1,000,000,000,000 denar banknote was being printed.
 
By the end of the civil war in 1992, only the 500,000,000,000, 1,000,000,000,000, 2,000,000,000,000, 5,000,000,000,000, 10,000,000,000,000, 20,000,000,000,000, and 50,000,000,000,000 denar banknotes were still in production, with the effective exchange rate for one [[Weranic reichsmark]] being one reichsmark equivalent to 1,000,000,000,000 denari. As well, with the fact that the West Miersan grosz was circulating in the north, it became urgent that a new currency be introduced.


Until the new currency was introduced on 1 January, 1993, old banknotes continued circulating.
Following the end of the Lemovician War in 1992, production of 1, 5, 10, 20, and 50 kobreak coins began, mostly for local circulation. Production of these coins ceased in 1998, as the government determined that there was enough coinage in Lemovicia for normal transactions to be conducted for the next "twenty to thirty years." Commemorative 1, 2, and 5 denari coins have been issued on an almost yearly basis since then.


===Second denar (LVN)===
In 1999, the first banknote was produced: a 20 denari banknote to celebrate the twentieth anniversary of Lemovician independence. Unlike the coins produced between 1992 and 1998, the intention of these banknotes were to sell them to collectors. This was followed in 2002 by a 10 denari banknote, to celebrate ten years of peace, and then in 2017 by a 50 denari banknote to celebrate the 25th anniversary of the end of the Lemovician war.
On 1 January, 1993, the second Lemovician denar was introduced as the '''new denar''' ({{wp|Basque language|Lemovician}}: денара беріа, ''denara berria'', {{wp|Polish language|Miersan}}: ''nowy denar''), with coins worth 1, 5, 10, 20, and 50 zentimo, and banknotes of 1, 2, 5, 10, 20, 50, 100, and 500 denari produced, with the exchange rate set so that one new denar would be worth 1,000,000,000,000 denari, and thus, one new denar would be worth one [[Weranic reichsmark]].
 
Throughout 1993, it circulated alongside both the first denar, and the [[West Miersan grosz]], before the latter two currencies were demonetised on 31 December, 1993.
 
In 2003, a new series was commissioned, which included the introduction of coins worth 1 and 2 denari to replace the 1 and 2 denari banknotes. All references to the term "new denar" were removed, instead replacing them with denar. The 1 and 2 denari banknotes were demonetised on 1 April, 2008.
 
In 2013, with a third series introduced, the 5 denari coin was introduced to replace the 5 denari banknote, with the aforementioned banknote being demonetised on 1 April, 2018. As well, the 1 zentimo coin ceased production in 2013, although as of 2020, it still remains legal tender, although businesses round up to the nearest five zentimo.


==Banknotes==
==Banknotes==
[[Lemovicia]] has only ever issued three {{wp|banknotes}}, each of them to commemorate an event in Lemovicia's recent history. (TBC)


==Coins==
==Coins==
===Circulating coins===
{| class="wikitable"
{| class="wikitable"
|-
|-
! Value !! Diameter !! Mass !! Obverse !! Reverse
! Value !! Diameter !! Mass !! Obverse !! Reverse
|-
|-
| 1 zentimo || 16.25 mm || 2.33 grams || {{wp|Sheepdog}} || [[Coat of arms of Lemovicia|Coat of arms]]
| 1 kobrea || 16.25 mm || 2.33 grams || {{wp|Sheepdog}} and value || [[Emblem of Lemovicia|Emblem]] and year of minting (1992-1998)
|-
|-
| 5 zentimo || 18.00 mm || 2.66 grams || Farmer with oxen || [[Coat of arms of Lemovicia|Coat of arms]]
| 5 kobreak || 18.00 mm || 2.66 grams || Farmer with oxen and value || [[Emblem of Lemovicia|Emblem]] and year of minting (1992-1998)
|-
|-
| 10 zentimo || 20.00 mm || 3.90 grams || {{wp|Grapevine cross}} || [[Coat of arms of Lemovicia|Coat of arms]]
| 10 kobreak || 20.00 mm || 3.90 grams || A map of [[Lemovicia]] and value || [[Emblem of Lemovicia|Emblem]] and year of minting (1992-1998)
|-
|-
| 20 zentimo || 22.00 mm || 4.50 grams || A gravestone || [[Coat of arms of Lemovicia|Coat of arms]]
| 20 kobreak || 22.00 mm || 4.50 grams || A traditional gravestone and value || [[Emblem of Lemovicia|Emblem]] and year of minting (1992-1998)
|-
|-
| 50 zentimo || 23.25 mm || 4.95 grams || A bridge over the [[Andia River]] || [[Coat of arms of Lemovicia|Coat of arms]]
| 50 kobreak || 23.25 mm || 4.95 grams || A bridge over the [[Andia River]] and value || [[Emblem of Lemovicia|Emblem]] and year of minting (1992-1998)
|-
| 1 denar || 23.25 mm || 5.15 grams || An {{wp|oak tree}} || [[Coat of arms of Lemovicia|Coat of arms]]
|-
| 2 denar || 25.75 mm || 6.90 grams || [[Izydor Domzalski]] || [[Coat of arms of Lemovicia|Coat of arms]]
|-
| 5 denar || 30.00 mm || 10.35 grams || [[Otxote Sasiambarrena]] || [[Coat of arms of Lemovicia|Coat of arms]]
|}
|}
===Commemorative coins===


[[Category:Lemovicia]]
[[Category:Lemovicia]]

Latest revision as of 20:15, 19 November 2020

Lemovician denar
Mendiluŕako denara
20LVNnote.png
50 denari banknote
Unit
Pluraldenari
SymbolÐ‎
Denominations
Subunit
 1/100kobrea
Plural
 kobreakobreak
Symbol
 kobreaᴋ
Banknotes10 denari, 20 denari, 50 denari
Coins1, 5, 10, 20, 50 kobreak, 1, 2, 5 denari
Demographics
Date of introduction1979
User(s) Lemovicia (alongside East Miersan grosz)
Issuance
Central bankState Bank of Lemovicia
Valuation
Pegged withEast Miersan grosz (gr) = 1 denar

The Lemovician denar (Lemovician: Mendiluŕako denara, symbol: Ð) is the national currency of Lemovicia. First introduced in 1979, it has been set at a 1:1 peg to the East Miersan grosz, which is the most commonly used currency in Lemovicia.

History

Upon Lemovicia's independence from West Miersa in 1979, a need for a currency became urgent, particularly to assert its independence from West Miersa. Thus, in December 1979, the Lemovician denar was officially established, with an exchange rate set to 1 East Miersan grosz to 1 denar, with production to be made by the State Bank of Lemovicia. However, due to the Lemovician War and Miersan War, no denar coins and banknotes were produced, leading to the de-facto adoption of the East Miersan grosz by the Lemovician population, including the government.

Following the end of the Lemovician War in 1992, production of 1, 5, 10, 20, and 50 kobreak coins began, mostly for local circulation. Production of these coins ceased in 1998, as the government determined that there was enough coinage in Lemovicia for normal transactions to be conducted for the next "twenty to thirty years." Commemorative 1, 2, and 5 denari coins have been issued on an almost yearly basis since then.

In 1999, the first banknote was produced: a 20 denari banknote to celebrate the twentieth anniversary of Lemovician independence. Unlike the coins produced between 1992 and 1998, the intention of these banknotes were to sell them to collectors. This was followed in 2002 by a 10 denari banknote, to celebrate ten years of peace, and then in 2017 by a 50 denari banknote to celebrate the 25th anniversary of the end of the Lemovician war.

Banknotes

Lemovicia has only ever issued three banknotes, each of them to commemorate an event in Lemovicia's recent history. (TBC)

Coins

Circulating coins

Value Diameter Mass Obverse Reverse
1 kobrea 16.25 mm 2.33 grams Sheepdog and value Emblem and year of minting (1992-1998)
5 kobreak 18.00 mm 2.66 grams Farmer with oxen and value Emblem and year of minting (1992-1998)
10 kobreak 20.00 mm 3.90 grams A map of Lemovicia and value Emblem and year of minting (1992-1998)
20 kobreak 22.00 mm 4.50 grams A traditional gravestone and value Emblem and year of minting (1992-1998)
50 kobreak 23.25 mm 4.95 grams A bridge over the Andia River and value Emblem and year of minting (1992-1998)

Commemorative coins

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