Lemovician denar: Difference between revisions
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The '''Lemovician denar''' ({{wp|Basque language|Lemovician}}: Менділурако денара, ''Mendilurrako denara'', {{wp|Polish language|Miersan}}: ''Denar łemowiczi'', symbol: Д ''or'' Ð) is the {{wp|national currency}} of [[Lemovicia]]. First introduced in | The '''Lemovician denar''' ({{wp|Basque language|Lemovician}}: Менділурако денара, ''Mendilurrako denara'', {{wp|Polish language|Miersan}}: ''Denar łemowiczi'', symbol: Д ''or'' Ð) is the {{wp|national currency}} of [[Lemovicia]]. First introduced in 1979, the current denar was introduced in 1993 following the end of the [[Lemovician Civil War]], as {{wp|hyperinflation}} had made the Lemovician denar worthless. | ||
Until the [[Euclo]] was introduced, it was pegged 1:1 with the [[Weranic reichsmark]], but today is pegged with the Euclo so one euclo is worth 1.95583 denars. | Until the [[Euclo]] was introduced, it was pegged 1:1 with the [[Weranic reichsmark]], but today is pegged with the Euclo so one euclo is worth 1.95583 denars. | ||
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===First denar (LVD)=== | ===First denar (LVD)=== | ||
[[File:1LVDnote.png|150px|thumb|left|A 1,000,000,000,000Ð banknote, 1991]] | [[File:1LVDnote.png|150px|thumb|left|A 1,000,000,000,000Ð banknote, 1991]] | ||
Following the independence of [[Lemovicia]] from [[Narozalica]] | Following the independence of [[Lemovicia]] from [[Narozalica]] on 21 November, 1979, the Lemovician government's main priority was to adopt a new currency to reflect its independence from Narozalica. Thus, on that day, the first Lemovician denar ({{mono|LVD}}) was introduced, with one Lemovician denar set to be the value of one [[Narozalic zolota]]. Coins worth 1, 5, 10, 20, and 50 zentimo were produced, while banknotes worth 1, 2, 5, 10, 20, 50, 100, 500, and 1,000 denari were produced on that date. However, the [[Narozalic zalota|zalota]] continued circulating until the end of the year. | ||
However, with the outbreak of the Lemovician Civil War in 1980, {{wp|hyperinflation}} began setting in: by the start of 1983, only the 50 zentimo coin was still being minted, and by the end of the year, it ceased being minted, while the 5,000, 10,000, and 20,000 denar banknotes were introduced by the end of 1983. By 1984, the 50,000, 100,000, and 500,000 denar banknotes were introduced, and by 1985, the 1,000,000, 5,000,000, 10,000,000, and 20,000,000 denar banknotes were introduced. This led to many Lemovicians refusing to use their own currency, with the [[Miersan Entity|Miersan separatists]] and [[Liberal Democratic Party of Lemovicia|Lemovician opposition]] using the [[West Miersan grosz]]. By 1988, values up to 10,000,000,000 denari were being printed, and by 1991, a 1,000,000,000,000 denar banknote was being printed. | However, with the outbreak of the Lemovician Civil War in 1980, {{wp|hyperinflation}} began setting in: by the start of 1983, only the 50 zentimo coin was still being minted, and by the end of the year, it ceased being minted, while the 5,000, 10,000, and 20,000 denar banknotes were introduced by the end of 1983. By 1984, the 50,000, 100,000, and 500,000 denar banknotes were introduced, and by 1985, the 1,000,000, 5,000,000, 10,000,000, and 20,000,000 denar banknotes were introduced. This led to many Lemovicians refusing to use their own currency, with the [[Miersan Entity|Miersan separatists]] and [[Liberal Democratic Party of Lemovicia|Lemovician opposition]] using the [[West Miersan grosz]]. By 1988, values up to 10,000,000,000 denari were being printed, and by 1991, a 1,000,000,000,000 denar banknote was being printed. | ||
Revision as of 19:11, 27 April 2020
| Lemovician denar | |
|---|---|
| Менділурако денара/Mendilurrako denara (Lemovician) Denar łemowiczi (Miersan) | |
 20 denar banknote | |
| ISO 4217 | |
| Code | LVN |
| Denominations | |
| Subunit | |
| 1/100 | зентімо/zentimo cent |
| Plural | денарі/denari denary |
| зентімо/zentimo cent | зентімо/zentimo centów |
| Symbol | Д, Ð |
| зентімо/zentimo cent | з, c |
| Banknotes | |
| Freq. used | 10, 20, 50, and 100 denars |
| Rarely used | 500 denars |
| Coins | |
| Freq. used | 10, 20, and 50 cents 1, 2, and 5 denars |
| Rarely used | 1 and 5 cents |
| Demographics | |
| Date of introduction | 1993 |
| User(s) |  Lemovicia |
| Issuance | |
| Central bank | State Bank of Lemovicia |
| Valuation | |
| Inflation | -0.9% |
| Pegged with | Euclo (€) = 1.95583 denars |
The Lemovician denar (Lemovician: Менділурако денара, Mendilurrako denara, Miersan: Denar łemowiczi, symbol: Д or Ð) is the national currency of Lemovicia. First introduced in 1979, the current denar was introduced in 1993 following the end of the Lemovician Civil War, as hyperinflation had made the Lemovician denar worthless.
Until the Euclo was introduced, it was pegged 1:1 with the Weranic reichsmark, but today is pegged with the Euclo so one euclo is worth 1.95583 denars.
History
First denar (LVD)
Following the independence of Lemovicia from Narozalica on 21 November, 1979, the Lemovician government's main priority was to adopt a new currency to reflect its independence from Narozalica. Thus, on that day, the first Lemovician denar (LVD) was introduced, with one Lemovician denar set to be the value of one Narozalic zolota. Coins worth 1, 5, 10, 20, and 50 zentimo were produced, while banknotes worth 1, 2, 5, 10, 20, 50, 100, 500, and 1,000 denari were produced on that date. However, the zalota continued circulating until the end of the year.
However, with the outbreak of the Lemovician Civil War in 1980, hyperinflation began setting in: by the start of 1983, only the 50 zentimo coin was still being minted, and by the end of the year, it ceased being minted, while the 5,000, 10,000, and 20,000 denar banknotes were introduced by the end of 1983. By 1984, the 50,000, 100,000, and 500,000 denar banknotes were introduced, and by 1985, the 1,000,000, 5,000,000, 10,000,000, and 20,000,000 denar banknotes were introduced. This led to many Lemovicians refusing to use their own currency, with the Miersan separatists and Lemovician opposition using the West Miersan grosz. By 1988, values up to 10,000,000,000 denari were being printed, and by 1991, a 1,000,000,000,000 denar banknote was being printed.
By the end of the civil war in 1992, only the 500,000,000,000, 1,000,000,000,000, 2,000,000,000,000, 5,000,000,000,000, 10,000,000,000,000, 20,000,000,000,000, and 50,000,000,000,000 denar banknotes were still in production, with the effective exchange rate for one Weranic reichsmark being one reichsmark equivalent to 1,000,000,000,000 denari. As well, with the fact that the West Miersan grosz was circulating in the north, it became urgent that a new currency be introduced.
Until the new currency was introduced on 1 January, 1993, old banknotes continued circulating.
Second denar (LVN)
On 1 January, 1993, the second Lemovician denar was introduced as the new denar (Lemovician: денара беріа, denara berria, Miersan: nowy denar), with coins worth 1, 5, 10, 20, and 50 zentimo, and banknotes of 1, 2, 5, 10, 20, 50, 100, and 500 denari produced, with the exchange rate set so that one new denar would be worth 1,000,000,000,000 denari, and thus, one new denar would be worth one Weranic reichsmark.
Throughout 1993, it circulated alongside both the first denar, and the West Miersan grosz, before the latter two currencies were demonetised on 31 December, 1993.
In 2003, a new series was commissioned, which included the introduction of coins worth 1 and 2 denari to replace the 1 and 2 denari banknotes. All references to the term "new denar" were removed, instead replacing them with denar. The 1 and 2 denari banknotes were demonetised on 1 April, 2008.
In 2013, with a third series introduced, the 5 denari coin was introduced to replace the 5 denari banknote, with the aforementioned banknote being demonetised on 1 April, 2018. As well, the 1 zentimo coin ceased production in 2013, although as of 2020, it still remains legal tender, although businesses round up to the nearest five zentimo.
Banknotes
Coins
| Value | Diameter | Mass | Obverse | Reverse |
|---|---|---|---|---|
| 1 zentimo | 16.25 mm | 2.33 grams | Sheepdog | Coat of arms |
| 5 zentimo | 18.00 mm | 2.66 grams | Farmer with oxen | Coat of arms |
| 10 zentimo | 20.00 mm | 3.90 grams | Grapevine cross | Coat of arms |
| 20 zentimo | 22.00 mm | 4.50 grams | A gravestone | Coat of arms |
| 50 zentimo | 23.25 mm | 4.95 grams | A bridge over the Andia River | Coat of arms |
| 1 denar | 23.25 mm | 5.15 grams | An oak tree | Coat of arms |
| 2 denar | 25.75 mm | 6.90 grams | Izydor Domzalski | Coat of arms |
| 5 denar | 30.00 mm | 10.35 grams | Otxote Sasiambarrena | Coat of arms |