Orinese Phi

Orinese Phi

Fī Erwaniyesi (Oharic)
500 Phi banknote of the 2018 series
ISO 4217
Unit
Plural	The language(s) of this currency do(es) not have a morphological plural distinction.
Symbol	Φ‎
Denominations
Subunit
1/100	Phili
Symbol
Phili	𝞅
Banknotes
Freq. used	Φ10, Φ50, Φ100, Φ500
Rarely used	Φ1000
Coins
Freq. used	𝞅5, 𝞅10, 𝞅50 Φ1, Φ5
Rarely used	𝞅1
Demographics
Date of introduction	1893
Official user(s)	Orioni
Unofficial user(s)	Bainbridge Islands Burkini Niederoestereich Rohini
Issuance
Central bank	National Bank of Orioni
Website	www.bank.gov.io
Printer	Royal Orinese Banknote Printing Corporation
Mint	Royal Orinese Mint
Valuation
Inflation	1.2% (December 2020)
Source	National Bank of Orioni
Method	CPI

The Orinese Phi, (Oharic: Fī Erwaniyesi, symbol: Φ; ISO code: ORP; also abbreviated as OP) is the official currency of Orioni as well as accepted tender in several countries on Eurth. The National Bank of Orioni is responsible for issuing notes and coins in the nation's currency. The currency was adopted in 1893 and is subdivided into 100 Phili. One Phi is subdivided into 100 Phili (symbol: 𝞅). Altogether, there are eleven denominations of the Phi, with the smallest being the 1 Phili coin, which is valued at one hundredth of a Phi. Other coins include the 5, 10 and 50 Phili and the 1 and 6 Phi coins. The Orinese Phi is the world's fifth-largest reserve currency on Eurth in February 2021.

History

The Orinese Phi currency has only existed in its current form since 1893.

The Orinese first entered the monetary system later than their counterparts in the Aroman Empire, only producing their own round currency in the late 2nd century BCE. A currency was still a novel idea at the time. Like other civilizations, the Orinese used their coins as both a way to trade precious metals, and as a way to set a value to goods. Medanese perfumes have been discovered as far away as Aroma, suggesting that the famous Pearl Road was already emerging.

Distinctive Orinese “Dolphin” coin, c. 1st century CE.

While the early Orinese didn't mint their own coinage, there did exist a system of currency. From the 5th century BCE onward, they produced distinctive cast bronze money, uniquely shaped in the form of leaping dolphins. It is interesting that the early Orinese adopted an ingot casting method in the dolphin shape, rather than the traditional round or square coinage of their contemporaries. This shape may have carried religious significance, and is said to have originated from sacrificial tokens used in the Temple of Hierapolis. These rather large chunks of bronze proved incredibly impractical for long-term use. However, they continued to be produced up until 218 BCE.

(WIP. First currencies. Pre-decimal. Evolution. Establishment of modern currency. Use in the Empire.)

Administration

The National Bank of Orioni dictates and oversees all monetary policy for the currency. The Royal Orinese Mint manages the minting of all coins. The Royal Orinese Banknote Printing Corporation manages the printing of all banknotes. This currency is the only acceptable legal tender for transactions within the country.

Characteristics

One Phi is subdivided into 100 Phili. Unlike other countries there are no denominations of 2, 20, 200, etc. The 1-Phili coin is rarely used due to its low value, and some stores may no longer accept it. The Φ1000 bill is rarely used because it is often associated with crime and money laundering. Criminals who make a lot of money, especially drug dealers, prefer the large denomination: it is easier to transport Φ1000 notes compared to for example Φ50 or Φ100 notes.

Coins

The Royal Orinese Mint manages the minting of all coins. In 2018, the following coins were introduced in connection with a redesign.

Image	Value	∅	Description
			Obverse	Reverse
	𝞅1	20 mm	Profile of Empress Joni I	Denomination and year
	𝞅5	22 mm	Profile of Empress Joni I	Denomination and year
	𝞅10	24 mm	Profile of Empress Joni I	Denomination and year
	𝞅50	26 mm	Profile of Empress Joni I	Denomination and year
	Φ1	28 mm	Profile of Empress Joni I	Denomination and year
	Φ5	28 mm	Profile of Empress Joni I	Denomination and year

Banknotes

The Royal Orinese Banknote Printing Corporation manages the printing of all banknotes. In 2018, the following banknotes were introduced in connection with a redesign.

Image		Value	Year	Dimensions (millimetres)	Main colour
Obverse	Reverse
	File:ORP 10 reverse (2018 issue).jpg	Φ10	2018	120 × 60 mm		Green
	File:ORP 50 reverse (2018 issue).jpg	Φ50	2018	130 × 65 mm		Orange
	File:ORP 100 reverse (2018 issue).jpg	Φ100	2018	140 × 70 mm		Blue
	File:ORP 500 reverse (2018 issue).jpg	Φ500	2018	150 × 75 mm		Red
	File:ORP 500 reverse (2018 issue).jpg	Φ1000	2018	160 × 80 mm		Grey