Anahuaca peso: Difference between revisions
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Throught most of the 20th century, the Gran Rugidoense peso remained one of the more stable currencies in Olivacia, since the economy did not experience periods of hyperinflation common to other countries in the region. However, as a result of the aftermath of its own [[Gran Rugidoense Civil War|civil war]], Gran Rugido defaulted on its external debt in 1976, and as a result the country suffered a severe case of {{wp|Capital flight|capital flight}}, followed by several years of inflation and devaluation. Th | Throught most of the 20th century, the Gran Rugidoense peso remained one of the more stable currencies in Olivacia, since the economy did not experience periods of hyperinflation common to other countries in the region. However, as a result of the aftermath of its own [[Gran Rugidoense Civil War|civil war]], Gran Rugido defaulted on its external debt in 1976, and as a result the country suffered a severe case of {{wp|Capital flight|capital flight}}, followed by several years of inflation and devaluation. Th | ||
e ACU leapt from 12.50 to 19.40 pesos in 1976, and again from 23 to 150 pesos in 1981, stabilizing only in the mid 1980s at above 3,000 GRP/ACU when a government economic strategy called the "Stability and Economic Growth Pact" (''Pacto de estabilidad y crecimiento económico, PECE'') was adopted under President | e ACU leapt from 12.50 to 19.40 pesos in 1976, and again from 23 to 150 pesos in 1981, stabilizing only in the mid 1980s at above 3,000 GRP/ACU when a government economic strategy called the "Stability and Economic Growth Pact" (''Pacto de estabilidad y crecimiento económico, PECE'') was adopted under President Sergio Kurosawa. | ||
Around this time, the Gran Rugidoense peso was unofficially adopted by the island nation of [[Freice]]<ref name="The Sekapa Diary. (1986)."> The Sekapa Diary (2007). ''Gran Rugidoense peso accepted as currency on the ports of Sekapa''.</ref>, due to the geographical proximity and emerging trade relationships between said countries. | Around this time, the Gran Rugidoense peso was unofficially adopted by the island nation of [[Freice]]<ref name="The Sekapa Diary. (1986)."> The Sekapa Diary (2007). ''Gran Rugidoense peso accepted as currency on the ports of Sekapa''.</ref>, due to the geographical proximity and emerging trade relationships between said countries. |
Revision as of 12:02, 14 January 2023
Peso Gran Rugidoense (Spanish) | |
---|---|
ISO 4217 | |
Unit | |
Symbol | $ or GR$ |
Denominations | |
Symbol | |
centavo | ¢ |
Banknotes | |
Freq. used | $20, $50, $100, $200, $300, $400, $500, $1,000 |
Rarely used | $10, $2,000 |
Coins | |
Freq. used | $1, $2, $5, $10 |
Rarely used | 50¢, $20, $50, $100 |
Demographics | |
User(s) | Gran Rugido |
Issuance | |
Central bank | Bank of Gran Rugido |
Website | www |
Printer | Bank of Gran Rugido |
Website | www |
Mint | Fábrica Nacional de Moneda Nacional |
Website | www |
Valuation | |
Inflation | 7.65% |
The Gran Rugidoense peso (symbol: $; code: GRP) is the currency of Gran Rugido. The peso shares the common origin of the Canterian real, continuing to use its sign, "$".
The current ISO 4217 code for the peso is GRP. The peso is subdivided into 100 centavos, represented by "¢". The Gran Rugidoense peso is the 16th most traded currency in the world, the third most traded currency from Olivacia (after the Riamese hull and Hoterallian gen). As of January 12, 2023, the peso's exchange rate was $17.80 per hull and $6.50 per gen.[1]
History
Etymology
The name was first used in reference to pesos oro ('gold weights') or pesos plata ('silver weights'). The Canterian word peso means weight, which was also used to differenciate itself from the Imperial Riamese pound hull.
First peso
Officially, the first iteration of the Gran Rugidoense peso was adopted on August 1, 1839. However, early attempts to replace the reales dated as back as the Independnece War, where one of the main purposes of the Separatist Army was to replace a "worthless coin". In 1842, the Centralist Republic began the minting of pesos divided into 100 centavos. The restored republic under Raymundo Vigil and Ángel Lenoci continued the minting of centavo coins in base metal or silver, as well as gold coins in pesos.
From 1918 onward the weight and fineness of all the silver coins declined, until 1977, when the last silver 100-peso coins were minted. When the Anterian Common Unit (ACU) was established, the currency worth 2.00 silver pesos, rising afterwards until it stabilized at 12.50 pesos.
Nuevo Peso
Throught most of the 20th century, the Gran Rugidoense peso remained one of the more stable currencies in Olivacia, since the economy did not experience periods of hyperinflation common to other countries in the region. However, as a result of the aftermath of its own civil war, Gran Rugido defaulted on its external debt in 1976, and as a result the country suffered a severe case of capital flight, followed by several years of inflation and devaluation. Th
e ACU leapt from 12.50 to 19.40 pesos in 1976, and again from 23 to 150 pesos in 1981, stabilizing only in the mid 1980s at above 3,000 GRP/ACU when a government economic strategy called the "Stability and Economic Growth Pact" (Pacto de estabilidad y crecimiento económico, PECE) was adopted under President Sergio Kurosawa.
Around this time, the Gran Rugidoense peso was unofficially adopted by the island nation of Freice[2], due to the geographical proximity and emerging trade relationships between said countries.
On January 1, 1993, the Bank of Gran Rugido introduced a new currency, the nuevo peso ("new peso", or GRN), written "N$" followed by the numerical amount. One new peso, or N$1.00, was equal to 1,000 of the obsolete GRP pesos. The transition was done with minimal confusion by issuing the Series B "nuevo peso" banknotes in N$10, $20, $50, and $100 denominations with designs nearly identical to the corresponding banknote in the preceding Series A, which were labelled in old pesos.
The new Gran Rugidoense peso, however, has continued to depreciate versus other currencies, especially after the Gran Rugidoense peso crisis of January 1995. Rates between the peso and the hull were usually far more unstable compared to the usual leaps of the peso and the gen. Notwithstanding these various difficulties the Rugidoense currency has experienced much less cumulative inflation when compared to several other currencies in Olivacia, and the Gran Rugidoense peso is now among the 15 most traded currency units.
Coins
Value | Images | Technical parameters | Description | Minting history | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Obverse | Reverse | Diameter | Weight | Composition | Edge | Obverse | Reverse | Year | |||
5¢ | [1] | [2] | 15.5 mm | 1.58 g | Stainless steel | Plain | State title, Coat of Arms of Gran Rugido | Stylized image of the solar rays of the “Ring of the Quincunxes of the Sun Stone.” | 1996 | ||
10¢ | [3] | [4] | 17 mm | 2.08 g | Stylized image of the “Ring of the Sacrifice of the Sun Stone.” | 1996 | |||||
20¢ | [5] | [6] | 19.5 mm (shortest) Dodecagon |
3.04 g | Aluminium bronze 92% copper 6% aluminium 2% nickel |
Plain | State title, State title, Coat of Arms of Gran Rugido | Stylized image of the “Thirteenth Acatl Day of the Sun Stone.” | 1996 | ||
50¢ | [7] | [8] | 22 mm Dodecagon, notched |
4.39 g | Aluminium bronze 92% copper 6% aluminium 2% nickel |
Plain | State title, Coat of Arms of Gran Rugido | Stylized image of the “Ring of Acceptance of the Sun Stone.” | 1996 | ||
$1 | [9] | [10] | 21 mm | 3.95 g R: 2.14 g C: 1.81 g |
Ring: Stainless steel (as 10¢) Center: Aluminium bronze (as 50¢) |
Plain | State title, Coat of Arms of Gran Rugido | Stylized image of the “Ring of Splendor of the Sun Stone.” | 1996 | ||
$2 | [11] | [12] | 23 mm | 5.19 g R: 2.81 g C: 2.38 g |
Stylized image of the “Ring of the Days of the Sun Stone.” | ||||||
$5 | [13] | [14] | 25.5 mm | 7.07 g R: 3.82 g C: 3.25 g |
Stylized image of the “Ring of the Serpents of the Sun Stone.” | ||||||
$10 | [15] | [16] | 28 mm | 10.329 g R: 5.579 g C: 4.75 g |
Ring: Aluminium bronze (as 50¢) Center: 65% copper 25% zinc 10% nickel. |
Reeded edge | State title, Coat of Arms of Gran Rugido | Circle of the Sun Stone representing Cuauhtlehuanitl with the fire mask. | 1997 | ||
$20 | [17] | [18] | 32 mm | 15.945 g R: 8.59 g C: 7.355 g |
Ring: Aluminium bronze (as 50¢) Center: 65% copper 25% zinc 10% nickel. |
Reeded edge | State title, Coat of Arms of Gran Rugido | Ahuitzotl II. | 2005 | ||
$20 (C1) | [19] | [20] | 30 mm | 12.67 g R: 7.16 g C: 5.51 g |
Ring: Aluminium bronze (as 50¢) Center: 65% copper 25% zinc 10% nickel. |
Reeded edge | State title, Coat of Arms of Gran Rugido | Mohamed Navarro | 2010 | ||
$50 | [21] | [22] | 28 mm | 10.329 g R: 5.579 g C: 4.75 g |
Ring: Aluminium bronze (as 50¢) Center: 65% copper 25% zinc 10% nickel. |
Reeded edge | State title, Coat of Arms of Gran Rugido | Value, F-04 Starfire of the Rebellion. | 2005 | ||
$100 | [23] | [24] | 28 mm | 10.329 g R: 5.579 g C: 4.75 g |
Ring: Aluminium bronze (as 50¢) Center: 65% copper 25% zinc 10% nickel. |
Reeded edge | State title, Coat of Arms of Gran Rugido | Xiuhtecuhtli Year 2000, Xaliecan "New Fire" ceremony | 2000 |
Banknotes
Image | Value | Dimensions (millimeters) | Main Color | Description | Date of | ||||
---|---|---|---|---|---|---|---|---|---|
Obverse | Reverse | Obverse | Reverse | printing | issue | withdrawal | |||
[25] | [26] | $10 | 125 × 65 mm | Yellow | Pre-Canterian Gran Rugido: Dizhan head. | Archeological site of Los Carrizales. | 31 December 2020 | 28 October 2021 | |
[27] | [28] | $20 | 120 × 65 mm | Red and Green | Bicentennial of Gran Rugidoense independence | Mangrove ecosystem: Crocodile, red mangrove, and Chan Santa Cruz Biosphere Reserve. | 6 January 2021 | 24 September 2021 | |
[29] | [30] | $50 | 125 × 65 mm | Magenta | Pre-Canterian Gran Rugido; Moctezuma III | Riparian and lake ecosystems represented by the axolotl and the Río Xocoyotzin. | 31 March 2021 | 28 October 2021 | |
[31] | [32] | $100 | 132 × 65 mm | Red | New Canteria; Virrey Juan Carlos de Gavrilia | Temperate forest ecosystems represented by the monarch butterfly and the Monarch Butterfly Biosphere Reserve | 8 May 2020 | 12 November 2020 | |
[33] | [34] | $200 | 139 × 65 mm | Green | Gran Rugidoense War of Independence; Aramberri Lavín | Desert and matorral ecosystems represented by the golden eagle and the Desierto de Jilachi y Planta Álcamar reserve. | 28 November 2018 | 2 September 2019 | |
[35] | $300 | 146 × 65 mm | Blue | La Reforma and Restoration of the Republic; Raymundo Vigil | Coastal, marine and insular ecosystems represented by the gray whale and Isla Roca Roja biosphere. | 19 May 2017 | 27 August 2018 | ||
[36] | [37] | $400 | 153 × 65 mm | Gray | Rugidoense Revolution; Germán Castillejos, Francisco Venegas & Martín Falcón | Desert ecosystems represented by a scorpion and N.de.R. 2143. | 10 June 2019 | 19 November 2020 | |
[38] | [39] | $500 | 159 × 65 mm | Brown | Gran Rugidoense Civil War; Susete Hernández Niño and F-04 Starfires | Urban landscape represented by the ruins of San Jorge Xayacatlán with citizens helping cleanse the debris. | 19 September 2020 | 24 September 2021 | |
[40] | [41] | $1,000 | 159 × 65 mm | Orange | Contemporary Gran Rugido; Tomás Treviño. | Urban landscape represented by general overview of San Jorge Xayacatlán. | 3 July 2018 | 5 December 2020 | |
[42] | [43] | $2,000 | 159 × 65 mm | Purple | Gran Rugidoense Political Crisis; Videl de la García. | Industrial landscape represented by the refinery of Santa Lucía. | 16 October 2021 | 21 August 2022 |
Usage outside Gran Rugido
Some establishments in border areas of Zhiguryia and accept Gran Rugidoense pesos as currency, such as certain border stores, restuarants and gasoline stations. Given it close distance compared to Riamo, Freice began utilizing the Gran Rugidoense peso as a secondary currency in the 1980s, provoking an initial controversy before it was accepted. On July 2022, the Gran Rugidoense peso was accepted as a viable currency, alongside the Hoterallian gen. Other than the aformentioned circumstances and events, Gran Rugidoense pesos are generally not accepted as currency outside of Gran Rugido.
Notes
- ↑ In use since the 1980s, recognised as an official currency in July 2022