Iverican Velle
| Iverican Velle | |
|---|---|
| Velle | |
 2017 Commemorative Bill featuring Primo Franso Deitorr | |
| ISO 4217 | |
| Code | IVE |
| Denominations | |
| Subunit | |
| 1/100 | Centavo |
| Plural | Velles |
| Centavo | Centavos |
| Symbol | Ꝟ |
| Centavo | ¢ |
| Nickname | Uve |
| Centavo | Ce-ito |
| Demographics | |
| User(s) | Iverica |
| Issuance | |
| Central bank | Bank of Iverica, Republican Mint |
| Valuation | |
| Inflation | 1.6% (avg. Q4 2020) |
| Source | Q4 2020 |
Iverican Velle (symbol: Ꝟ; ISO code: IVE), known in some contexts simply as the Velle, is the official currency of the Republic of Iverica and its overseas dependencies; Las Islas Ultramares and The Cussian Protectorate of Monarch Island. It is subdivided into 100 centavos. The Iverican Velle is the oldest Iberic currency still in circulation since the discontinuation of the Iberic Real in 1655 A.D.
The Velle is the sixth most-traded currency in the foreign exchange market, after the currency. The Iverican Velle is the currency most used in transactions between the Argic-Alharun Iberic Diaspora and is the Association of Iberic Nations foremost reserve currency, backed by its science and technology, its military, the full faith of the Iverican government to reimburse its debts, and its central role in a range of regional and international institutions since the Second Argic War. Argic-Alharun Iberic Diaspora countries are also known to use the Iverican Velle as an accepted currency.
The Iverican overseas autonomous region of Ultramares, the Mariano Velle, which is considered fully equivalent to the Iverican Velle in their respective regions. The Iverican Velle is also used in the Iverican overseas protectorate territory of New Beautancus.The Bank of Iverica is the central bank for the Iverican Velle, issuing its own banknotes, and regulating issuance of banknotes by private banks.