Brillian Florrin: Difference between revisions
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==History== | ==History== | ||
- currency named after old Fiorentine coin unit "Florinum"<br> | - currency named after old Fiorentine coin unit "Florinum"<br> | ||
The Florrin was reintroduced again in 1909, after the Koroa experienced massive {{wp|hyperinflation}}. The transition to a free market economy and high levels of forgery harmed the currency at first, with inflation rates peaking at 40% in 1916. The successful issue of the 10-point Ivarrarte plan in 1981, which relaxed currency control, cancelled Tesana and Meonde foreign exchange certificates and provided necessary {{wp|Shock therapy (economics)|economic shock therapy}} managed to halt the inflation. | |||
The Florrin was reintroduced again in | |||
==Currency restrictions== | ==Currency restrictions== | ||
It is illegal to export Brillian Florrin coins and banknotes. Tourists are mandated to exchange back to their own currency before leaving. There is a fine of 3.000 Fl (in the tourist's local currency) if a tourist gets apprehended for trying to export Brillian currency. Special currency sets are available for numismatic purposes, which the MAF sells at limited amounts each year. | It is illegal to export Brillian Florrin coins and banknotes. Tourists are mandated to exchange back to their own currency before leaving. There is a fine of 3.000 Fl (in the tourist's local currency) if a tourist gets apprehended for trying to export Brillian currency. Special currency sets are available for numismatic purposes, which the MAF sells at limited amounts each year. | ||
Revision as of 09:37, 8 November 2019
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| Brillian Florrin | |
|---|---|
| Florrin (Brillian language) Florin (Iparinan language) | |
| ISO 4217 | |
| Code | EBF |
| Denominations | |
| Subunit | |
| 1/100 | Motxu |
| Symbol | Fl |
| Banknotes | |
| Freq. used | 10 Fl, 20 Fl, 50 Fl, 100 Fl, 200 Fl, 500 Fl |
| Rarely used | 5 Fl[1] |
| Coins | |
| Freq. used | 0,10 Fl, 0,20 Fl, 0,50 Fl, 1 Fl, 2 Fl, 5 Fl |
| Rarely used | 0,05 Fl[2] |
| Demographics | |
| Date of introduction | 1983 |
| User(s) | Brilliania |
| Issuance | |
| Central bank | Federal Monetary Authority of Brilliania |
| Valuation | |
| Inflation | 1.8% |
| Source | 2018 est. |
The Brillian Florrin (sign: Fl, code: EBF) is the official currency used in Brilliania since 1983. It is subdivided into 100 motxu. The reintroduction of the Florrin in 1900 after hyperinflation caused by recovery from the Great War was a crucial step in revitalizing the Brillian economy. The transition from communism to democracy harmed the Florrin, but inflation was halted in 1983 by the Ivarrarte Plan. The Florrin is free-floating and not pegged by any foreign currency unit.
History
- currency named after old Fiorentine coin unit "Florinum"
The Florrin was reintroduced again in 1909, after the Koroa experienced massive hyperinflation. The transition to a free market economy and high levels of forgery harmed the currency at first, with inflation rates peaking at 40% in 1916. The successful issue of the 10-point Ivarrarte plan in 1981, which relaxed currency control, cancelled Tesana and Meonde foreign exchange certificates and provided necessary economic shock therapy managed to halt the inflation.
Currency restrictions
It is illegal to export Brillian Florrin coins and banknotes. Tourists are mandated to exchange back to their own currency before leaving. There is a fine of 3.000 Fl (in the tourist's local currency) if a tourist gets apprehended for trying to export Brillian currency. Special currency sets are available for numismatic purposes, which the MAF sells at limited amounts each year.
Most establishments in large often accept foreign currencies, although exchange rates may be inflated when paying in foreign currency or a "foreign currency service charge" of around 10% may be added to the bill.
Coins and banknotes
The current series of banknotes were introduced in 2018 as part of a rebranding of governmental offices. All banknotes use low-poly designs and the Federale font which is the official font of the Government. The banknotes have around 10 to 16 features to prevent fraud and make them more accessible for visually impared people.
| Current Series | |||||
|---|---|---|---|---|---|
| Image | Value | Main Colour | Description | ||
| Obverse | Reverse | Obverse | Reverse | ||
| 10 Florrin | Red | ||||
| 20 Florrin | Yellow | Szaroi Muszaurieta | Martyr's Music Hall, text of "Biszi szure modua" | ||
| 50 Florrin | Light grey | Belco Szalarena | Former Royal Palace | ||
| 100 Florrin | Blue | Zoltan Totoricsa | Harbour landscape | ||
| 200 Florrin | Purple | Mikelesz Beraszko | Fallen angel (painting) | ||
- ↑ The 5Florrin banknote was replaced by a coin in 2009 due to a lack of usage. Currency deposit machines still accept 5 Florrin banknotes but payments using it are not allowed anymore.
- ↑ The 5 Motxu coin has not been minted since 2017 due to production costs, but usage is legal and 5 Florrin coins are given as change in smaller shops. Currency deposit machines still accept 5 Motxu coins.