Eldmarkian Krona: Difference between revisions
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The The name “Krona” is Ostisk for "crown.” From the time of Ordennian colonial rule, the Krona was used as a currency, in silver form, using the {{wp|silver standard}} of valuation. When Eldmark declared independence from the Ordennian government, the currency lost a significant amount of value and, for a brief time, the Eldmarsk provisional governments issued the Papperkrona, a currency not backed by silver or gold, only on the credibility of the government, to finance the war. Shortly after the Krona was reintroduced to the silver standard. After the [[Great War(Kylaris)|Great War]], the currency was switched to a {{wp|fiat currency}} with a {{wp|floating exchange rate}}. | The The name “Krona” is Ostisk for "crown.” From the time of Ordennian colonial rule, the Krona was used as a currency, in silver form, using the {{wp|silver standard}} of valuation. When Eldmark declared independence from the Ordennian government, the currency lost a significant amount of value and, for a brief time, the Eldmarsk provisional governments issued the Papperkrona, a currency not backed by silver or gold, only on the credibility of the government, to finance the war. Shortly after the Krona was reintroduced to the silver standard. After the [[Great War(Kylaris)|Great War]], the currency was switched to a {{wp|fiat currency}} with a {{wp|floating exchange rate}}. | ||
== Exchange rate == | == Exchange rate == | ||
Revision as of 01:03, 22 April 2020
| Eldmarks Kronor (Ostisk) | |
|---|---|
| File:EKR 1KronaOBV.png A currently issued 1 Krona Bill | |
| ISO 4217 | |
| Unit | |
| Plural | Kronor |
| Symbol | K |
| Denominations | |
| Subunit | |
| 1:100 | öre |
| Plural | |
| öre | öre |
| Symbol | |
| öre | ö |
| Banknotes | |
| Freq. used | K1, K5, K10, K20, K100 |
| Rarely used | K50 |
| Demographics | |
| User(s) | File:Eldmark.png Eldmark |
| Issuance | |
| Central bank | Riksbank Eldmark |
| Website | riksbank.el |
| Valuation | |
| Value | 1 K = 0.23 EUC |
The Eldmarkian Krona is the official currency of Eldmark, issued by the Riksbank Eldmark.
History
The The name “Krona” is Ostisk for "crown.” From the time of Ordennian colonial rule, the Krona was used as a currency, in silver form, using the silver standard of valuation. When Eldmark declared independence from the Ordennian government, the currency lost a significant amount of value and, for a brief time, the Eldmarsk provisional governments issued the Papperkrona, a currency not backed by silver or gold, only on the credibility of the government, to finance the war. Shortly after the Krona was reintroduced to the silver standard. After the Great War, the currency was switched to a fiat currency with a floating exchange rate.
Exchange rate
The Riksbank Eldmark, Eldmark's central bank, manages the exchange rate of the krona in times of economic issue, therefore giving the currency in that time period a managed float exchange rate.
The advantages that Eldmark reaps from having a floating/managed float exchange rate is primarily the ability for it to absorb immediate economic shock or currency crisises, while allowing for the Riksbank to intervene if needed.
Banknotes
| Current Series | |||||
|---|---|---|---|---|---|
| Image | Value | Main Colour | Description | ||
| Obverse | Reverse | Obverse | Reverse | ||
| File:EKR 1KronaOBV.png | File:EKR 1KronaREV.png | 1 Krona | Blue | Meeting of General Adolf Lundquist and Chief Byshwae, Battle of Platenburg, Erik I | Desert Hummingbird and Cactus Flower, Platefält, Ödemark |
| File:EKR 5KronaOBV.png | File:EKR 5KronaREV.png | 5 Kronor | Olive | Diagram of the ESS Adelström, Battle of the Horn, Stefan I | Hyacinth Macaw on a limb, Hamvarsund Rainforest, Hornmark |
| File:EKR 10KronaOBV.png | 
|
10 Kronor | Red | Railway Cannon "Big Karl", Battle of Vaxholmen, Karl I | Cormorant on a rock, Storabryggan National Park, Väno |
| File:EKR 20KronaOBV.png | File:EKR 20KronaREV.png | 20 Kronor | Green | Diagram of a M234 Hammarkannon, the ESS Adelström on the hunt for submarines in the Vehemens, Frederick I | Lesser Rhea, Gröntbergen, Nåstad |
| File:EKR 50KronaOBV.png | File:EKR 50KronaREV.png | 50 Kronor | Orange | Quill and ink used to sign the Författningen, First session of the Riksdag, Elianora I | Golden eagle on a branch, Himdal National Park, Alestad |
| File:EKR 100KronaOBV.png | File:EKR 100KronaREV.png | 100 Kronor | Purple | White poppy flower, Mural of the Unity of Man, Frederick II | Raven on the Kungliga Hillebard, Kaktusfält, Tömmastad |
Coins
| Current Series | |||||
|---|---|---|---|---|---|
| Image | Value | Metal | Description | ||
| Obverse | Reverse | Obverse | Reverse | ||
| File:1ore.png | File:1orettails.png | 1 öre | Zinc, Copper | Erik I and cypher, country name, denomination | Year, troops holding the line during the Asterian War for Independence, denomination, "Freedom and Prosperity" |
| File:5ore.png | File:5oretails.png | 5 öre | Nickel, Copper | Edvard I and cypher, country name, denomination | Year, Farmer with horse and plow, factory, denomination, "Agriculture and Industry" |
| File:10ore.png | File:10oretails.png | 10 öre | Nickel, Copper | Harald I and cypher, country name, denomination | Year, Sailing of the steamship Sovereign towards Astoria, denomination, "Commerce and Invention" |
| File:25ore.png | File:25oretails.png | 25 öre | Zinc, Copper | Erik II and cypher, country name, denomination | Year, Schoolhouse founded as a result of the Mannenheim Education Movement, denomination, "Order and Progress" |
| File:50ore.png | File:50oreconcepttails.png | 50 öre | Ryggrad Gold, Nickel | Karl I and cypher, country name, denomination, oak and olive wreath | Year, Angel of Peace carrying a banner reading "Peace and Victory, 1934," denomination, oak and olive wreath |
| File:1kronacoin.png | File:1kronacointails.png | 1 Krona | Ryggrad Gold, Nickel | Thyri I and cypher, country name, denomination, oak and olive wreath | Year, National symbol of Eldmark, denomination, "Queen and Country," oak and olive wreath |
