Chervonets (currency)

Chervonets

Червонец Chervònets
50 chervontsy banknote (2016)
ISO 4217
Unit
Plural	chervontsy
Symbol	Ћ‎
Nickname	кинт (kint): 100 chervontsy, пачка (pachka): generally used for banknote packs, зелень (zelen): lit. green, used for all banknotes, лавэ (lave): similar to the Albish word for "love"
Denominations
Superunit
1000	bon
Subunit
1/100	gildiy
Plural
gildiy	gildii
Banknotes
Freq. used	10, 20, 50, 100, 500, 1000, 5000 chervontsy
Rarely used	10000 chervontsy
Coins	1, 2, 5, 10, 20, 50 gildii, 1, 2, 5 chervontsy
Demographics
User(s)	Dulebia
Issuance
Central bank	Dulebian national treasury
Website	www.nbd-gov.db
Mint	Dulebian Mint
Website	www.monetarny_fond-gov.rf
Valuation
Pegged with	NationStates dollar ($) = 2.2388 chervontsy

The corona (Rumelian: korona, plural: koroni, korone) is the currency of Romellea. It is divided in 100 gerbejci (singular: gerbejec). In old Rumelian the word "Gerbejec" meant "crest", a word which in the modern language became gerb (in Rumelian: gerb). The coins are called gerbejci due to the Romellenic coat of arms displayed on them.

The word korona is derived from another old Rumelian word, korona, meaning crown. In modern language the word became diara, however, the word korona remained the official name of the currency.

History

First corona (1980-2016)

The korona was introduced as Romellea's currency in 1980, following the fall of the People's Republic of Romellea, with a value equal to the Midrasian Ducat. It was introduced after the Financial Reforms of 1978-1980 and the sign of the West Catai Economic Pact of 198x, and replaced the old marka. The government aimed to establish not only a stable national currency but also to make it the standard currency throughout Western Catai. Banknotes issued until 1999 were backed by gold ("korone zlato" or "zlatne") or silver ("korone srebro" or "srebrene").

In 1985, a new gold standard of 1 korona = 10.86956 mg gold was established.

In 1980, the Federal Bank of Romellea introduced notes for 20 and 50 gold korone, followed in 1981 by 100 gold korone and, in 1982, by 5 and 10 gold korone notes. In 1984, 5, 10 and 50 silver korone notes were issued, followed by 100 and 500 silver korone in 1986.

In 1997, coins up to 10 korone replaced notes, although 10-korone notes were issued between January 1997 and March 1998. Between 1989 and 1999, State Treasury Bills for 1000 and 5000 korone were issued.

Banknotes

1999 series

Image		Value	Dimensions	Description			Date of
Obverse	Reverse			Obverse	Reverse	Watermark	printing	issue	withdrawal	lapse
	-	20 FRC	126 × 70 mm	Tsvetan Lazarov, Romellean aviation pioneer; IR-4, first conventional fighter aircraft designed in Romellea in 1914.	-	Logo of the first airline in Romellea: Flarava Air Lines.	1999	12 October 1999	Current, but not issued since August 2016
	-	50 FRC	126 × 70 mm	Teodosiy Kardalev, Romellean inventor and physicist.	-	Kardalev's steam car, 1889	1999	12 October 1999
	-	100 FRC	126 × 70 mm	Boris Karaivanov, Romellean architect; Sredetz Royal Palace; Statue of the Bronze General, Sredetz.	-	Kardalev's steam car, 1889	1999	12 October 1999

Second corona (2016- )

The korona underwent another major reform in 2016. Most notably, the Federal Assembly obligated the Federal Mint to protect and ensure the stability of the currency. Also, the korona pegged with the NationStates Dollar. The overall outlook of the banknotes was changed as well, 10- and 1000-korona banknotes were issued together with the classical 20, 50 and 100. The korona was frozen at an exchange rate of between 2.20 and 2.30 korone for 1 NSD, and this rate is ensured by the Mint.

Banknotes

2016 series

Image		Value	Dimensions	Description			Date of
Obverse	Reverse			Obverse	Reverse	Watermark	printing	issue	withdrawal	lapse
	-	10 FRC	164 × 70 mm	Grigorij Skobelev, Romellean writer, and illustration from his novel Baj Tošo u Asurskija megdan.	-	Portrait of Grigorij Skobelev	2016	7 August 2016	Current, issued since August 2016
	-	20 FRC	164 × 70 mm	Tsvetan Lazarov, Romellean aviation pioneer; Letalo-1, first aircraft to fly in Romellea in 1906.	-	Portrait of Tsvetan Lazarov	2016	7 August 2016
	-	50 FRC	164 × 70 mm	Nikolaj Živkov, Romellean astrophysicist.	-	Photo of Živkov in 1946	2016	7 August 2016
	-	100 FRC	164 × 70 mm	Boris Karaivanov, Romellean architect; Sredetz Royal Palace; Statue of the Bronze General, Sredetz.	-	Autoportrait of Boris Karaivanov, 1818	2016	7 August 2016
	-	1000 FRC	164 × 70 mm	Ivan I the Great, Tsar of the First Rumelin Tsardom; Strandža Fortress; coat of arms of the Simeon Dynasty; script from the chronics 500 summers.	-	Icon of Ivan I and his third wife Empress Anna	2016	7 August 2016