Riamese hull
Hưll 'gi ruŋȧ (Freician) | |
---|---|
ISO 4217 | |
Unit | |
Symbol | Ɱ, M |
Denominations | |
Subunit | |
1/100 | cent |
Symbol | |
cent | TBD |
Banknotes | |
Freq. used | Ɱ5, Ɱ10, Ɱ20 |
Rarely used | Ɱ50 |
Coins | |
Freq. used | 5, 10, 20, 50, and Ɱ1 |
Rarely used | Ɱ2 |
Demographics | |
User(s) | Riamo Freice[Note 1] |
Issuance | |
Central bank | Federal Monetary Authority of Riamo |
Website | ma.fed.govt.rm |
Printer | Federal Printing Services |
Website | print.govt.rm |
Mint | Central Mint of the Riamese Federation |
Website | mint.govt.rm |
Valuation | |
Inflation | 1.5% |
The Riamese hull (Freician: Hưll 'gi ruŋȧ) is the official currency of the Riamese Federation (including Freice), issued by the Federal Monetary Authority of Riamo in Riamo proper and the Currency Issuing Institute in Freice. The hull is divided into 100 cents. The name comes from the word 'hol', the historic variant of the Common term 'whole', with 'hull' today therefore literally meaning 'the total [of one hundred cents].'
The history of the hull can be traced back to the establishment of the Kingdom of Riamo in 1251, with the currency established as a way for the king to pay loyal knights and barons. Variations of the currency have been introduced at different points, including a domestic hull for use in Freice (introduced in 1972), with the current hull being formally introduced in 1876, following the abolition of the 'old hull' with decimalisation.
Today, the hull is one of the most traded currencies and has a significant presence within the global economy. The Federal Monetary Authority of Riamo, as the central bank for the hull, therefore plays an important role in the global financial system. Responsibility for issuing the hull is divided between the Federal Monetary Authority (for banknotes) and the Central Mint of the Riamese Federation (for coinage), with the Currency Issuing Institute issuing currency on behalf of these two bodies.
History
HISTORY
Coins
History
HISTORY
Current circulating coins
Coins are issued in denominations of 5, 10, 20, and 50 cents, as well as 1 hull.
Banknotes
History
HISTORY
Current circulating banknotes
See also
Notes
- ↑ Freice is a Republic in Free External Association and is a subject of Riamo. As such, it uses the hull as does all other parts of Riamese territory. However, because of its geographical distance from Riamo proper, the hull in Freice is issued by the Currency Issuing Institute of the Freician government. Although not a separate currency, the responsibility for certain financial matters rests with the Currency Issuing Institute rather than national institutions.
References
External links