Satavian guilder

Satavian guilder

Asteriaans: Satawiese gulden Hennish: Satavisch gulden
Series F G10 guilder banknote G1 guilder coin
ISO 4217
Unit
Symbol	G‎
Denominations
Subunit
1:100	cent
Symbol
cent	c
Banknotes
Freq. used	G5, G10, G20, G50, G100
Rarely used	No longer in use: G1, G2
Coins
Freq. used	5c, 10c, 20c, 50c, G1, G2
Rarely used	1c, 2c
Demographics
Date of introduction	January 1, 1943 (1943-01-01)
Replaced	Satavian shilling
User(s)	Satavia Naua Roa
Issuance
Central bank	Reserve Bank of Satavia
Website	rbs.gov.sv
Printer	Federal Printing Office
Mint	Federal Estmerish Mint
Website	mint.gov.es
Valuation
Inflation	5.5%

The Satavian guilder (Asteriaans: Satawiese gulden, Hennish: Satavisch gulden; sign G; code: SVG) is the official currency of Satavia, and is legal tender in Naua Roa.

Introduced in 1943, the Guilder replaced the Satavian shilling and is subdivided into 100 cents. The guilder has 8 coins and 5 banknotes, with the smallest being the 1-cent coin, which together with the 2-cent coin are still minted, although rarely used.

History

The Satavian guilder was introduced on January 1, 1943 as the decimalised replacement to the Satavian shilling. The shilling had utilised the £sd system, as was common in former colonies and territories of Estmere, which by 1943 was regarded as complicated and obsolete. The Satavian shilling remained legal tender in Satavia until January 1, 1946. The shilling was introduced by the National party government of Christiaan Pienaar. The National party had launched a coup in February 1939 that had removed the democratically elected government of Edward Limes, and as part of the new government's programme of 'decolonisation' (Satavia had only achieved independence from Estmere in 1936) the shilling was decimalised. The currency was renamed the Guilder (as it had been before Estmere seized control of Satavia in 1747) and was initially pegged to the Estmerish shilling at par, before it was devalued in 1959 to Sh1 = G1.5 and was again devalued in 1968 to Sh1 = G2.5. The guilder was floated in 1978, as part of the Liberal government's 'post-dictorship recovery plan'. During the financial crisis of 2005, the Reserve Bank of Satavia sold an undisclosed ammount of Satavian guilders in an unsuccessful attempt to drive down the Guilders value. In June 2008, the Reserve Bank began purchasing government bonds and a large selection of other financial assets in an attempt to increase inflation, which had began rapidly decreasing at the start of the year. The intervention is one of the only succesfull instances of quantitive easing.

As of July 2022, the SVG was trading at approximately €0.12.