Gylian þaler: Difference between revisions
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Following the end of the war, the ''zauþar'' became the þaler during the transition from the Free Territories to Gylias. After an initial burst of inflation during the trial-and-error phase of the [[National Prices Board]], its value stabilised. Gylias joined the [[Common Sphere]] soon after independence, and the þaler became part of the [[Common Sphere#Policies|Common Monetary System]]. | Following the end of the war, the ''zauþar'' became the þaler during the transition from the Free Territories to Gylias. After an initial burst of inflation during the trial-and-error phase of the [[National Prices Board]], its value stabilised. Gylias joined the [[Common Sphere]] soon after independence, and the þaler became part of the [[Common Sphere#Policies|Common Monetary System]]. | ||
The þaler remains one of Tyran's least valued currencies, with an exchange rate generally in the range of | The þaler remains one of Tyran's least valued currencies, with an exchange rate generally in the range of Ŧ700 to Ŧ1000 for 1 NSD. No {{wpl|redenomination}} of the currency has ever been undertaken. Frequently cited factors for this include the disruption of the NPB's activity and records, and encouraging {{wpl|numeracy}} by accustoming the population to working with large numbers from an early age. | ||
==Coins== | ==Coins== | ||
Latest revision as of 07:41, 6 November 2019
| Þaler | |
|---|---|
| ISO 4217 | |
| Unit | |
| Symbol | Ŧ |
| Denominations | |
| Banknotes | |
| Freq. used | Ŧ1.000, Ŧ5.000, Ŧ10.000, Ŧ50.000, Ŧ100.000, Ŧ500.000, Ŧ1.000.000, Ŧ5.000.000, Ŧ10.000.000, Ŧ50.000.000 |
| Coins | |
| Freq. used | Ŧ1, Ŧ5, Ŧ10, Ŧ50, Ŧ100, Ŧ500 |
| Demographics | |
| Date of introduction | 1958 |
| User(s) |  Gylias |
| Issuance | |
| Central bank | National Bank of Gylias |
| Valuation | |
| Inflation | N/A |
| Pegged with | Common Monetary System |
The þaler (symbol: Ŧ; code: GTH) is the federal currency of Gylias. It is issued by the National Bank of Gylias.
It was introduced in 1958, as a successor of the zauþar scrip system of the late Free Territories. Its international value is low but stable, and it has never undergone redenomination or revaluation.
The þaler has distinctive traits among Tyranian currencies. It coexists with numerous complementary currencies, which are pegged to it at a value of 1:1. Money creation is under public control and carried out by the National Bank of Gylias, creating a full-reserve banking system.
It is part of Common Monetary System, and its value is pegged within a currency band with other Common Sphere currencies.
Etymology
The currency's name is derived from the German thaler.
History
In the second phase of the Liberation War, Aliska Géza took the initiative of creating the zauþar scrip system. This served as a common unit of reference for the existing monetary and non-monetary systems of the Free Territories.
Following the end of the war, the zauþar became the þaler during the transition from the Free Territories to Gylias. After an initial burst of inflation during the trial-and-error phase of the National Prices Board, its value stabilised. Gylias joined the Common Sphere soon after independence, and the þaler became part of the Common Monetary System.
The þaler remains one of Tyran's least valued currencies, with an exchange rate generally in the range of Ŧ700 to Ŧ1000 for 1 NSD. No redenomination of the currency has ever been undertaken. Frequently cited factors for this include the disruption of the NPB's activity and records, and encouraging numeracy by accustoming the population to working with large numbers from an early age.
Coins
The coins of the þaler have a functional and austere design, lacking in decoration. They do not feature portraits in order to be representative of all Gylians.
| Current þaler coin series | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Image | Value | Technical parameters | Description | |||||||
| Diameter | Mass | Composition | Edge | Obverse | Reverse | |||||
| Ŧ1 | 20 mm | 1 g | Aluminium | Smooth | Olive leaves, seal, year of minting | Value | ||||
| Ŧ5 | 22 mm | 2 g | Copper-plated steel | Smooth | Olive leaves, seal, year of minting | Value | ||||
| Ŧ10 | 24 mm | 3 g | Copper and tin | Smooth | Olive leaves, seal, year of minting | Value | ||||
| Ŧ50 | 26 mm | 4 g | Brass-plated steel | Smooth | Olive leaves, seal, year of minting | Value | ||||
| Ŧ100 | 28 mm | 5 g | Cupronickel | Reeded | Olive leaves, seal, year of minting | Value | ||||
| Ŧ500 | 30 mm | 6 g | Nickel brass | Reeded | Olive leaves, seal, year of minting | Value | ||||
Banknotes
The banknotes of the þaler have a functional and austere design. They do not feature portraits in order to be representative of all Gylians.
| Image | Value | Dimensions (millimetres) |
Main colour | Description | |||
|---|---|---|---|---|---|---|---|
| Obverse | Reverse | Obverse | Reverse | ||||
| Ŧ1.000 | 120 × 61 mm | Grey | Value, seal, map of Gylias | Value, mountain landscape | |||
| Ŧ5.000 | 125 × 64 mm | Violet | Value, seal, map of Gylias | Value, field of flowers | |||
| Ŧ10.000 | 130 × 67 mm | Blue | Value, seal, map of Gylias | Value, river, Morpho peleides | |||
| Ŧ50.000 | 135 × 70 mm | Cyan | Value, seal, map of Gylias | Value, sea landscape | |||
| Ŧ100.000 | 140 × 73 mm | Dark green | Value, seal, map of Gylias | Value, rainforest | |||
| Ŧ500.000 | 145 × 76 mm | Light green | Value, seal, map of Gylias | Value, violin outline, musical notes | |||
| Ŧ1.000.000 | 150 × 80 mm | Yellow | Value, seal, map of Gylias | Value, field with a windmill | |||
| Ŧ5.000.000 | 155 × 82 mm | Gold | Value, seal, map of Gylias | Value, pen in inkwell and paper | |||
| Ŧ10.000.000 | 160 × 84 mm | Red | Value, seal, map of Gylias | Value, ancient academy and orrery | |||
| Ŧ50.000.000 | 165 × 85 mm | Platinum | Value, seal, map of Gylias | Value, sailing ships and astrolabe | |||
Complementary currencies
The þaler coexists with numerous complementary currencies. These include:
Complementary currencies circulate at legal parity with the þaler. While the þaler is controlled by the National Bank, complementary currencies are controlled by communities, local governments, and others. They are traded through local exchange trading systems and online community exchange systems.
