Radictistani radin: Difference between revisions
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Revision as of 23:42, 6 March 2019
| Radin | |
|---|---|
| ISO 4217 | |
| Unit | |
| Symbol | R$ |
| Denominations | |
| Subunit | |
| 1/100 | Cent |
| Symbol | |
| Cent | R₵ |
| Banknotes | |
| Freq. used | R$100, R$50, R$10, R$5, R$2, R$1 |
| Rarely used | R$200 |
| Coins | |
| Freq. used | R$1, R₵25, R₵10, R₵5, R₵1 |
| Demographics | |
| User(s) |  Radictistan |
| Issuance | |
| Central bank | Bank of Radictistan |
The Radin is the official currency of the Grand Duchy of Radictistan. It is divided into one hundred smaller units called cents. The Radin is issued as both coins and banknotes. Coins are produced by the Royal Mint while notes are produced by the Bank of Radictistan itself.
Coins
The 1, 5, 10, and 25 Cent coins are made of copper-coated steel. The One Radin coin is cupronickel. All circulating coins feature a portrait of the reigning Grand Duke, presently HRH Xenocimedes Radicti on the obverse and an image of the Great Seal of State on reverse. All circulating coinage include a mint mark on the reverse with the letter B indicating the Brauning Mint and the letter S indicating the Stonzheim Mint. Dies are produced at the Nuxenstat Mint.
The Royal Mint also produces gold bullion coins of .900 fineness at the Brauning Mint. These are officially called Sovereigns and have a face value of R$50.
Banknotes
Most Radictistani banknotes are printed on cotton paper. The higher value R$100 and R$200 notes are produced using a form of polypropylene. There are draft plans from the Bank of Radictistan to gradually convert all banknote production to polymer.
All Radictistani banknotes feature a portrait of the Grand Duke on the obverse. The reverse varies by denomination with the subject being usually a building or natural feature of national importance. The base color is white with features on the note varying in color as a means of identifying the face value.
Value
The Radin has normally traded at 3 to 3.5 per USD. The Norcustsur internal conflict has resulted in an extended period of decline in the Radin's value, leading to an exchange rate nearing 3.9 per USD.