Brillian Florrin
Brillian Florrin | |
---|---|
Florrin (Brillian language) Florin (Iparinan language) | |
ISO 4217 | |
Code | BFL |
Denominations | |
Symbol | Fl |
Banknotes | |
Freq. used | 500 Fl, 1,000 Fl, 2,000 Fl, 5,000 Fl, 10,000 Fl, 20,000 Fl |
Rarely used | 200 Fl[1] |
Coins | |
Freq. used | 10 Fl, 20 Fl, 50 Fl, 100 Fl, 200 Fl |
Rarely used | 5 Fl[2] |
Demographics | |
Date of introduction | 1983 |
User(s) | Brilliania |
Issuance | |
Central bank | Central Monetary Authority of Brilliania |
Valuation | |
Inflation | 2.8% |
Source | 2018 est. |
The Brillian Florrin (sign: Fl, code: BFL) is the official currency used in Brilliania since 1980. It was formerly subdivided into 100 motxu, but motxu coins have been removed from circulation. The reintroduction of the Florrin in 1900 after hyperinflation caused by recovery from the Great War was a crucial step in revitalizing the Brillian economy. The transition from communism to democracy harmed the Florrin, but inflation was halted in 1983 by the Ivarrarte Plan. The Florrin is free-floating and not pegged by any foreign currency unit.
History
- currency named after old Fiorentine coin unit "Florinum"
- not!pengő called Koroa
The Florrin was reintroduced again in 1979, replacing the ASU currency, with the first banknotes consisting of emergency issues made from unused book paper. The transition from a communist planned economy to a free market economy and high levels of forgery harmed the currency at first, with inflation rates peaking at 40% in 1982. The successful issue of the 10-point Ivarrarte plan in 1981, which dismantled the communist economy, relaxed currency control, cancelled Tesana and Meonde foreign exchange certificates and provided necessary economic shock therapy which managed to halt the inflation.
Currency restrictions
It is illegal to export Brillian Florrin coins and banknotes. Tourists are mandated to exchange back to their own currency before leaving. There is a fine of 300.000 Fl (in the tourist's local currency) if a tourist gets apprehended for trying to export Brillian currency. Special currency sets are available for numismatic purposes, which the MAZ sells at limited amounts each year.
Major tourist destinations often accept foreign currencies, although exchange rates may be inflated when paying in foreign currency or a "foreign currency service charge" of around 10% may be added to the bill.
Exchange bureaus are mostly reliable. Scam bureaus may exist, especially in the more tourist-friendly parts of Akerrau and Seigarritza. Scam bureaus often give forgeries or give overly inflated exchange rates. The Brillian government started its "Baliozko" programme in 2013 to inform tourists which exchange bureaus are legit, by having billboards with information in Akerrau's Eguenechea Mezenas International Airport with information about how to spot fake or old banknotes, and having legit exchange bureaus have a mandatory "Baliozko Project OK" sticker easily visible on their windows.
Coins and banknotes
Current Series | |||||
---|---|---|---|---|---|
Image | Value | Main Colour | Description | ||
Obverse | Reverse | Obverse | Reverse | ||
1,000 Florrin | Blue | Child prodigy and classical musician Urgoiti-Urrungoa Adiran | University of Akerrau | ||
2,000 Florrin | Yellow | Diplomat Izarduy Lander | Akerrau City Hall | ||
5,000 Florrin | Green | Former Lehendakari Aindurra Garikoitz | National Legislative Building | ||
10,000 Florrin | Orange | Writer Etxeletzu Salbatzaile | National Literature Centre | ||
20,000 Florrin | Purple | Medical researcher Sancha Gillen | Akerrau Institute of Technology |
- ↑ The 200 Florrin banknote was replaced by a coin in 2009 due to a lack of usage. Currency deposit machines still accept 200 Florrin banknotes but payments using it are not allowed anymore.
- ↑ The 5 Florrin coin has not been minted since 2017 due to production costs, but usage is legal and 5 Florrin coins are given as change in smaller shops. Currency deposit machines still accept 5 Florrin coins.