Gabrielt Gabiro

Gabrielt Gabiro

Gabiro (Gabrielt and Arsyan)
10th Gabiro Series (2018-2012)
Unit
Symbol	ɢ‎
Denominations
Subunit
1/100	Zaka
Symbol
Zaka	z
Banknotes
Freq. used	ɢ.100, ɢ.200, ɢ. 500, ɢ.1000, ɢ.2000
Rarely used	ɢ.5000
Coins
Freq. used	5z, 10z, 25z, 50z, ɢ.1
Rarely used	1z, ɢ.2
Demographics
Date of introduction	17 April 1926 1 January 2000
User(s)	Gabrielland
Issuance
Central bank	Central Bank of Gabrielland and Arsya
Valuation
Inflation	1%

The Gabiro is the currency of Gabrielland issued by the Central Bank of Gabrielland and Arsya. It is one of the 4 currencies of the Dokodo Union, and Gabrielland is bound to adopt the Quasa once it fulfills the necessary requirements to join the Quasa Zone.

It was introduced in 1926 as the new currency of the recently formed union of Gabrielland and Arsya, replacing the Gabrielt Taga and the Arsyan Lirtta. The name Gabiro was agreed upon in the first parliamentary meeting of the union on the 19th of April 1926 as a combination of the Gabrielt word gaba meaning "money" and the Arsyan word kvirro, also meaning money. In 1976, the Dzakwanist government abolished money, and the Gabrio ceased to become legal tender in Dzakwanist Gabrielland. It was kept as the official currency of the newly-formed Arsyan Republic until the 1st of January 1977 until it was replaced by the Arsyan Lirtta, which would become the currency until 1985 when it was replaced with the Convertible Lirtta. The Gabiro was reintroduced on the 1st of January 2000, replacing the Convertible Lirtta at par. Due to high rates of inflation sustained during the civil war and the Arsyan Republic period, the Gabiro underwent redenomination in 2009, with 1 new Gabiro being equal to 100 old Gabiros.

History

Predecessors

Both the Gabrielt and Arsyan confederations prior to 1926 have employed a currency union between member states tied to the value of silver. The Gabrielt Taga was used by almost all of the members in the Gabrielt confederation, with one notable exception being the State of Nevesia, while in the Arsyan confederation, it was universally accepted by all members, with subsets in the Grafenlandish Kingdom were allowed to retain their practice of minting and printing the Granfelnadish crown, though now with their value at par with the Lirtta, and its interchangeability with the Lirtta guaranteed. In essence, the Gabrielt Taga and the Arsyan Lirtta were interchangeable by their weight in silver or gold, and theoretically could be used in both confederations, though most merchants and traders were reluctant to do so in fears of low acceptability and the sudden debasement of the other currency.

The value of the Gabrielt Taga was fixed using the 5 Taga coin being equal to around 5.5g of fine silver, or the equivalent of 0.35g of fine gold. The Arsyan Lirtta was fixed using the 2½ Lirtta coin, known as the "Lirt" being equal to around 0.5g of fine gold, or the equivalent of 7.86g of fine silver. It could be inferred that 1 Taga was equal to 1.1g of fine silver, and 1 Lirtta being equal to around 3.15g of fine silver. It could be inferred that the conversion between the Gabrielt Taga and the Arsyan Lirtta was set at 1.1 : 3.15, or around 2.864 Tagas for each Lirtta, or around 0.349 Lirttas for each Taga. This figure would later be codified into the acts of friendship and unity of 1924, two years preceeding the unification of Gabrielland and the Arsyan Realms. The treaty also stipulated the acceptance of coins and banknote from both confederations in the other, thus creating a semi-monetary union between the two.

Negotiations would take place after in the months following the 1924 agreement. On the 21st of October 1924, prominent ministers and economists from both sides met in Vailhims to discuss a potential single currency and market for the two confederations, with the ultimate goal being unification of the two confederations. The high number of Gabrielt coins struck in silver in comparison to the high number of Arsyan coins struck in gold meant that there was an oversupply of silver in the Gabrielt confederation and an oversupply of gold in the Arsyan confederations. As a result, both the Taga and Lirtta deviated from its agreed value by as much as 15% depending on which commodity is sought after in the global stage. It was agreed that a single currency needed to be created and overseen by a single body to ensure that the government was able to maintain the set value agreed upon in the 1924 agreement.

The Gabrielt and Arsyan National Bank was created on the 12th of February 1925 in preparation for unification. The issuance and management of the Taga and the Lirtta was fully handed over to this bank in order to regain control over the fluctuating prices of both currencies. An equal number of coins were being struck in gold and silver, and a unified reserve means that banknotes being backed in either silver or gold could be printed accordingly. As the Taga and the Lirtta were under the helm of one unified bank, they both acted like a single currency, and therefore was the penultimate predecessor of the Gabiro. While the Taga and Lirtta were kept as separate currencies internationally, coins and banknotes bore both values in Taga and in Lirtta, simplifying economic transactions and cross-country trade. Fiscal policy was also united, thus bringing the end to Gabrielt and Arsyan monetary independence in favor of a unified monetary policy.

On the 19th of November 1925, a few months before independence, the Gabiro was proclaimed by the Gabrielt and Arsyan National Bank, overseen by the comittee for the unification of Gabrielland and the Arsyan Realms, as the new and sole currency of the new unified country. The Gabiro is a portmanteau of the Gabrielt word gaba meaning money, and kvirro, the Arsyan word for money and a currency that once was circulated in the Arsyan realms. The Gabiro became the currency of Gabrielland upon unification in April of 1926.

Transition to the Gabiro

Upon unification on the 17th of April 1926, the Gabiro was universally adopted as the sole currency of the new republic. It had been agreed upon that a bimetallic standard would be hard to implement and to maintain due to the fluctuation of both commodities that could not be pinned down into a single ratio. As such, silver was adopted as the new standard, with 1 Gabiro equal to 2.15g of silver, with 1 old Taga being equal to 0.511 Gabiros, and 1 old Lirtta being equal to 1.46 Gabiros. Old Gabiro and Lirtta coins and banknotes remained legal tender in Gabrielland, and was actually the only forms of the Gabiro used until the 1st of May 1926 as no banknotes specifically made for the Gabiro had been issued and printed. To ease conversion and the high amounts of money that circulated, fearing inflation woes and troubles, the official conversion at any bank or exchange center was set at 1 Taga = 0.5 Gabiros, and 1 Lirtta = 1.45 Gabiros, slightly less than their face value.

The first banknotes and coins to be issued for the Gabiro was done so on the 1st of May 1926, when the 50 Zaka and 1 Gabiro coins were first minted, and the 5 Gabiro banknote was released. During the first few years of unification, most prices were displayed both in the old denominations and in Gabiros, with the official conversion rate for Gabiros against silver being the standard. Due to the slight difference in conversion and in actual face value, larger banknotes of previous series were much less likely to be traded in with their Gabrielt equivalents after the first Gabiro denominations were issued, as the difference in value could sometimes be very noticeable. For eample, the 1000 Taga note had an almost 10 Gabiro difference when converted into Gabiros and when traded in at face value, which was the bi-weekly wage of an average laborer in Gabrielland at the time.

In 1927 and 1928, more banknotes and coin denominations were released, and by 1929, the all denominations of the first series had been released. The old Taga and Lirtta denominations started to disappear as businesses and other establishments were mandated to trade them in with Gabiros at representative offices of the central bank at each repsective location.

Banknotes

The Gabrielt Gabiro has seen several banknote series being released into general circulation. A total of 9 separate banknote families have been released between 1926 and 2018, with the latest series being released in 2018. A 10th series is scheduled to be released in 2024. Below is a list of banknote families released by the Central Bank of Gabrielland and Arsya and their withdrawal date.

Series	First Release	Withdrawal
1	1 May 1926	1 January 1949
2	8 August - 17 September 1939	1 January 1964
3	11 May - 24 October 1954	1 January 1971
4	8 March 1961	1 January 1966
5	19 February 1965	1 January 1977
6	3 June 1973	1 January 1977
7	11 January 2001	1 January 2019
8	17 April 2009	1 January 2029
9	17 April 2017	1 January 2029
10	15 March 2024	-

7th series (2001)

The 7th series of the Gabiro was the fist series released by the Central Bank of Gabrielland and Arsya after its formation as the central bank of Gabrielland and Arsya. The series features national heroes from both Gabrielland and Arsya, as well as depicting national animals on the reverse side of the banknotes. This series did not have denominations that began with the numerla 2. The obverse side is written in standard Gabrielt, while the reverse side is in standard Arsyan. Due to its high value, the ɢ.500,000 and ɢ.1,000,000 banknotes were very rarely seen in circulation. In mid-2002, the ɢ.500,000 and ɢ.1,000,000 banknotes were worth 346.02 ACU and 692.04 ACU respectively, while the minimum wage in Vailhims was around ɢ.350,000 at the same time.

The banknotes remained legal tender until approximately 10 years after the release of the next series. The 7th series ceased to be legal tender in Gabrielland on the 1st of January 2019. Prior to that, banknotes were still accepted at all businesses and institutions with their value taken using the new redenominated value. No overstamp issues were released for the purposes of redenmoniation.

Banknotes of the 7th series (2001-2002)
Image		Dimensions	Denomination	Main color	Description			Date of
Obverse	Reverse				Obverse	Reverse	Watermark	First issued	Withdrawal
		121 x 59	ɢ.500	Grey	Alivan D. Alma, Alivan horses	Arsyan Coati, southern rainforests	Alivan D. Alma	11 January 2001	1 January 2019
		129 x 63	ɢ.1000	Red	Gavan J.W. Sarinnyan, Sarubina temple ruins	Gabrielt tiger, northern Gabrielt plateau	Gavan J.W. Sarinnyan	14 May 2001
		137 x 67	ɢ.5000	Orange	Vastarin Kindan, Madzarunnyan temple	Gabrielt Falcon, Dzakmarewa mountains	Vastarin Kindan	14 May 2001
		145 x 71	ɢ.10,000	Green	Mariya S. Khnatthruon, Sangur theater	Galabi frog, great Gabrielt swamp	Mariya S. Khnatthruon	7 June 2001
		152 x 74	ɢ.50,000	Blue
		160 x 78	ɢ.100,000	Violet
		168 x 82	ɢ.500,000	Brown
		175 x 86	ɢ.1,000,000	Turquoise

8th series (2009)

The 8th series of the Gabiro was the first banknote family to be issued after redenomination. Due to redenomination, the adjective "new" was appended to the name and symbol of the currency, being the ɢʙ. or Gabiro Bavi "new Gabiro", without changing the official name and ISO code of the Gabiro. The number of denominations was slimmed down from 8 to 6, omitting ɢʙ.5, ɢʙ.10, ɢʙ.5000, and ɢʙ.10,000 (formerly ɢ.500, ɢ.1000, ɢ.500,000, and ɢ.1,000,000) while including new denominations of ɢʙ.200 and ɢʙ.2000 (formerly ɢ.20,000 and ɢ.200,000). The ɢʙ.5000, and ɢʙ.10,000 were deemed very easy targets for money laundering and counterfeit, and thus were omitted. The banknotes feature prominent Gabrielt and Arsyan poets, playrights, and other artists, celebrating their works and contribution towards the richness of Gabrielt culture and society on the obverse and selected Gabrielt landscapes and locations on the reverse. The banknotes have a more modern and updated look when compared to the 7th series.

Banknotes of the 8th series (2009)
Image		Dimensions	Denomination	Main color	Description			Date of
Obverse	Reverse				Obverse	Reverse	Watermark	First issued	Withdrawal
			ɢʙ.50
			ɢʙ.100
			ɢʙ.200
			ɢʙ.500
			ɢʙ.1000
			ɢʙ.2000

9th "Sontuvian" series (2017)

The 9th series of the Gabiro, more colloquiall known as the "Sontuvian" series after Finance Minister Gahttari Sontuvia, was first commissioned by the Central Bank of Gabrielland and Arsya around October of 2012, with a press report dated 15 October 2012 detailing the central bank's plan to further increase the safety and security of the Gabiro, as well as to keep the fresh look of the Gabiro. The term Gabiro Bavi was dropped from all official documentation and reverted back to the original symbol and name. The ɢ.5000 bill was reintroduced while the ɢ.50 bill was omitted, instead being replaced by a trimetallic coin. Although released in 2017, notes still bear "2013" when the official bills were signed into law.

The series maintains the denominations found in previous bill, and carries the imprint "2013-2017".

Gabiro notes, "Sontuvian series" (2013)

Image

Value in Quasa

Size

Main Colour

Description

Date of

Remarks

Obverse

Reverse

Obverse

Reverse

Watermark

Signatures

Serial

note series

issue

7.041 Q

144 × 72 mm

Pink

Kazgami Laranta

Gabrielt Tazamak

Gahttari Sontuvia (Finance Minister), Akagyan Nyarmi (Central Bank Director)

2 letters, 6 numbers

'2013'

17 April 2017

Imprint 2013–2017

17.62 Q

156 × 78 mm

Purple

Makian Tarim

35.24 Q

168 × 84 mm

Red

Kagan Tazban

70.41 Q

180 × 90 mm

Green

Galtami Garyunnyan

176.20 Q

192 × 96 mm

Orange

Addarti Pehssin

352.40 Q

204 × 102 mm

Blue

Valkki Tizmar

10th series (2024)

On the 15th of June 2022, Central Bank Governor Kavan Samundiwan announced that a new family of banknotes is being prepared for release in mid-2024. Denominations are unlikely to change.

Coinage

These were the coins circulated before the adoption of the Quasa.

Denomination	Obverse	Reverse	Value (Q)	Diameter (mm)	Thickness (mm)	Mass (g)	Composition	Edge	Latest Series	Withdrawn
Bzok (1b)	Valantas V	Emblem of Gabrielland	0.0113 Q	15.75	1.50	1.13	Aluminum	Smooth	2009	1 January 2028
	Ahkkahri II	Emblem of Arsya							2007
	Deers	Emblem of the New Frontier							2014
Two Bzok (2b)	Valantas V	Emblem of Gabrielland	0.0226 Q	18.75	1.75	1.95g			2008
	Ahkkari II	Emblem of Arsya							2015
	Cows	Emblem of the New Frontier							2009
Fiver (5b)	Valkki Tahzimar	Emblem of Gabrielt State	0.0565 Q	23	2.10	2.87			1997
	Valantas V	Emblem of Gabrielland							2009
Adayi (10b)	Valantas V	Emblem of Gabrielland	0.113 Q	22.55	2.15	3.4	Copper plated steel	Milled	2010
	Ahkkari II	Emblem of Arsya							2011
	Tigers	Emblem of the New Frontier							2015
	Ahnimman Kazrul	Emblem of the Gabrielt State							1997
Zaka (1z)	Valantas V	Emblem of Gabrielland	0.226 Q	25.15	2.45	4.45			2010
	Ahkarri II	Emblem of Arsya							2008
	Eagles	Emblem of the New Frontier							2014
Eighter (2z)	Valantas V	Gabrielt Tazmak	0.452 Q	28.05	2.65	6.15	Nordic gold	Fine Scallops	2015
	Ahkkari II	Emblem of Arsya							2013
	Falcons	Emblem of the New Frontier							2014
Marak (4z)	Valantas V	Gabrielt Tazmak	0.904 Q	31.65	2.85	8.35			2015
	Ahkkari II	Emblem of Arsya							2013
	Monkeys	Emblem of the New Frontier							2014
Halver (8z)	Valantas V	Gabrielt Tazmak	1.808 Q	31.65	3.05	9.65	Bimetallic; Outer: Nordic gold Inner: Cupronickel	Fine Milled	2011
	Ahkkari II	Emblem of Arsya							2012
Gabiro (1ɢ)	Valantas V	Gabrielt Tazmak	3.616 Q	33.55	3.35	11.45	Bimetallic; Outer: Nordic gold Inner: Nickel-Brass		2013
	Ahkkari II	Emblem of Arsya							2010
Double (2ɢ)	Valantas V	Gabrielt Tazmak	7.232 Q	37.15	3.65	14.55	Trimetallic; Outer: Nordic gold Middle: Manganese bronze Inner: Cupro-Nickel	Fine Milled, Edge Lettering	2015
	Ahkkari II	Emblem of Arsya							2014