Riamese hull

Riamese hull
Coins of the Riamese hull
ISO 4217
Code	RMH
Denominations
Subunit
​1⁄100	cent
Plural	no plural
cent	cents
Symbol	Ƕ
Banknotes
Freq. used	5Ƕ, 10Ƕ, 20Ƕ, 50Ƕ
Rarely used	100Ƕ
Coins	5c, 10c, 20c, 50c, 1Ƕ
Demographics
Date of introduction	1837 (1837)
Replaced	Riamese pent
User(s)	Riamo see Countries and Territories below
Issuance
Central bank	Federal Monetary Authority
Website	ma.fed.govt.rm
Printer	Federal Government Printing Service
Website	print.govt.rm
Mint	Central Mint of the Riamese Federation
Website	mint.govt.rm
Valuation
Inflation	4.1% (April 2022)

The hull ([hʊl], abbreviation: hl (rarley used); code: RMH), plural hull, is the currency of the Riamese Federation (including its overseas territories and countries). It is divided into 100 cents.

The hull was introduced as part of sweeping currency reforms in the eighteenth century. Due to rapid inflation, the Riamese pent was abolished and replaced with the new hull at a rate of 1 hull to 5 pent. The pent had suffered significant inflation from the 1820s as part of a broader economic and financial crisis.

The hull is also known as the Riamese Federal Hull to distinguish it from the local issue of hull in Freice and Pohnpenesia, which are known as Riamese Hull (Overseas). The Federal Currency Area is the overall name for all countries and territories officially using the hull.

History

Second pent (1702-1837)

As part of a series of currency reforms in the late seventeenth and early eighteenth centuries, most of the nation's coinage was redesigned and redenominated. A number of silver coins were reduced in size and weight as the precious metal value decreased. Between 1702 and 1704, a majority of re-denominated coins were counter-stamped with 1704 and 1705 seeing the introduction of new coinage.

Hull (1837-present)

Creation

The Riamese Treasury approved the creation of a new currency in 1834, with the hull formally introduced over a period of three years from 1834-1837. The name "hull" comes from the word "hol," an historic variant of the word "whole." The original nomenclature (e.g., one-one hundredth of a hull, half hull etc. literally mean "[fraction] of the total (whole)").

The first coins introduced were the one tenth of an hul, quarter hull, half hull (1834-1835). These were followed by a one hull coin (1836) and smaller denomination coins in 1837. The pent continued to circulate alongside the hull at a new rate of exchange until pent coins were fully demonetised in 1844. A number of counterstamped pent coins, bearing their value in hull, circulated until they too were demonetised in 1852.

2019 redesign

In November 2018, the Central Mint announced new designs for the definitive set of coinage, which were released in June 2019. The new designs focus on Riamo's natural environment with an emphasis on simple designs and accessibility. The obverse designs follow a common template, bearing a large numeral denomination alongside the relevant design. The large numeral was intended to make it easier for children to learn and for visually-impaired persons to distinguish between denominations.

The reverse bears the same design as before, with a slight update of typeface.

Coins

2019 Series (Riamo)

Value	Technical parameters			Description
	Diameter	Mass	Composition	Edge	Obverse	Reverse
5 cents	18 mm	3.25 g	Aluminium	Plain	Dove with branch, denomination	"Central Mint of the Riamese Federation", national emblem, year of issue
10 cents	25.9 mm	7.12 g			Leaves, denomination
20 cents	21.4 mm	5 g			Salmons, denomination
50 cents	27.3 mm	8 g	Cupronickel		Roses, denomination
1 hull	23.03 mm	8.75 g	Bronze	Reeded	Squirrel, denomination	"Central Mint of the Riamese Federation", national emblem, year of issue

Local issues

Although the hull is legal tender across the Riamese Federation, there are different designs used in the federal countries. These designs are not necessarily widely-circulated, but remain legal tender. In the majority of cases, these issues are commemorative and are not intended for general circulation.

Freice

The Freician-variant of the hull was first introduced in 1998. In 1996, the Government of Freice petitioned the Federal Government for permission to begin production of coins bearing Freician iconography and designs. In 1997, the Freice Coinage Order was issued under authority of the Coinage Act 1972, giving permission for the minting of Freice-variant coins. The first coins were issued in 1998, with designs by Joereni Suivau. These designs are still used today.

Depiction of Freician coinage

0.05Ƕ	0.10Ƕ	0.20Ƕ
Kaldaic starling	Kaldaic seagulls	Kaldaic salmon
0.50Ƕ	1Ƕ	Reverse side
Maartilee	Emblem of Freice	Legend and Emblem escutcheon

Pohnpenesia

Depiction of Pohnpenesian coinage

0.05Ƕ	0.10Ƕ	0.20Ƕ
Kaldaic water bush	Vinal flower-warbler	Traditional boat
0.50Ƕ	1Ƕ	Reverse side
Escallop	Kaldaic songbird	Legend and Emblem

Banknotes

Banknotes of the Riamese hull are produced by the Federal Government Printing Services on behalf of the Federal Monetary Authority of Riamo. The notes range in size from 125 to 146 millimetres in length and from 65 to 77 millimetres in height. The size of each note increases with the denomination, with the smallest denomination being the smallest in size. The obverse features the portrait of Queen Diana I wearing the State Tiara. The reverse illustrates various geographical images representing a broader theme of "human navigation." References to Riamo's riverways, urban developments, and navigation. Predominant colours include green, violet, salmon, and blue, with each note following a certain colour pallette. Face value is given in numerals in the upper left and upper right corners, although only the left features the Ƕ symbol. The written form is also featured in the centre of the obverse as well as on the reverse.

The note also feature the Riamese cinquefoil, along with the signatures of the Governor and the Chief Treasurer of the Federal Reserve Bank.

Banknotes of the Riamese hull
Image	Value	Obverse	Reverse	Watermark
[1]	5Ƕ	Queen Diana I	The Queen Diana National Park and Gardens	Gate
[2]	10Ƕ	Queen Diana I	The River Leight	Cuthbert Bridge
[3]	20Ƕ	Queen Diana I	Slate Lake	Old Way
[4]	50Ƕ	Queen Diana I	Sudden Island	Whales
[5]	100Ƕ	Queen Diana I	Map of Riamo	Marine flora

See also

• Riamo
• Freice
• Pohnpenesia