Akashian ryō

Revision as of 12:52, 9 August 2021 by Gylias (talk | contribs)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search
Akashian ryō
Ryō
ISO 4217
CodeAKR
Denominations
Symbol
Banknotes
 Freq. used㋷1.000, ㋷5.000, ㋷10.000, ㋷50.000, ㋷100.000
Coins
 Freq. used㋷1, ㋷5, ㋷10, ㋷50, ㋷100, ㋷500
Demographics
User(s) Akashi
Issuance
Central bankNational Bank of Akashi
Valuation
Pegged withCommon Monetary System

The ryō (Miranian: 両 ryō; Gothic: 𐍂𐌾𐍉 rjō; symbol: ㋷; code: AKR) is the official currency of Akashi. It is issued by the National Bank of Akashi, based in Hirakawa.

It is part of Common Monetary System, and its value is pegged within a currency band with other Common Sphere currencies.

Etymology

It is named after the ryō, a traditional Miranian unit of weight, used for gold coins. The name was preserved for the currency after Akashi officially adopted the metric system.

Sign

The official sign for the ryō is a katakana ri in a circle. Its shape is suggestive of the way ryō is written in katakana (リョー).

History

The ryō was introduced in the modern period, superseding the previous system of coinage with regional paper scrip.

It used a bimetallic standard against gold and silver, until abandoning it during the 1930s depression. It had a floating exchange rate from the end of the Akashian Civil War until entering the Common Monetary System.

The former subunits, the sen (錢) and the rin (厘), were rendered obsolete by inflation and withdrawn in 1942.

The ryō's international convertibility was suspended twice:

Cash rounding was introduced in 1988. Currently, prices are rounded to the nearest ㋷5, making the ㋷1 coin less common.

Coins

The ryō coin designs omit the year of minting and are simple, featuring the value on the obverse and the emblem on the reverse. Smooth edges are used for values starting with 1, and reeded edges for values starting with 5.

Current þaler coin series
Image Value Technical parameters Description
Diameter Mass Composition Edge Obverse Reverse
㋷1 20 mm 1 g Copper Smooth Value Emblem
㋷5 22 mm 2,5 g Cupronickel Reeded Value Emblem
㋷10 23,5 mm 2,25 g Copper-plated aluminium Smooth Value Emblem
㋷50 24 mm 4 g Cupronickel Reeded Value Emblem
㋷100 26,5 mm 6,5 g Aluminium bronze Smooth Value Emblem
㋷500 28 mm 10 g Nickel brass Reeded Value Emblem

Banknotes

The ryō banknotes all feature the emblem on one side. They have different sizes according to value to help the vision-impaired. They eschew portraits in favour of Akashian landscapes, flora, and fauna.

Image Value Dimensions
(millimetres)
Main colour Description
Obverse Reverse Obverse Reverse
㋷1.000 120 × 65 mm Blue Value, emblem Value, wave pattern
㋷5.000 125 × 65 mm Red Value, emblem Value, cherry blossoms
㋷10.000 135 × 65 mm Green Value, emblem Value, green woodpecker
㋷50.000 145 × 70 mm Yellow Value, emblem Value, sunflowers
㋷100.000 155 × 70 mm Cyan Value, emblem Value, school of salmon

Exchange rates

The ryō operates a crawling peg regime within the currency band of the Common Monetary System.

Traditionally, it has been one of the Common Sphere's more undervalued currencies, together with the Gylian þaler. The low value is important to Akashi's state-driven economic planning and export-oriented industrial policy.

The exchange rate is generally in the range of ㋷200 to ㋷500 for 1 NSD.

Other currencies

Local currencies and sectoral currencies exist in Akashi, pegged at parity with the ryō.