Eldmarkian Krona
| Eldmarkian Krona | |
|---|---|
| Eldmarks Kronor (Ordennyan) | |
| File:EKR 1KronaOBV.png A currently issued 1 Krona Bill | |
| ISO 4217 | |
| Code | EKR |
| Denominations | |
| Subunit | |
| 1:100 | öre |
| Plural | Kronor |
| öre | öre |
| Symbol | K |
| öre | ö |
| Banknotes | |
| Freq. used | K1, K5, K10, K20, K100 |
| Rarely used | K50 |
| Demographics | |
| User(s) | File:Eldmark.png Eldmark |
| Issuance | |
| Central bank | Riksbank Eldmark |
| Website | riksbank.el |
| Valuation | |
| Value | 1 K = 0.23 EUC |
The Eldmarkian Krona is the official currency of Eldmark, issued by the Riksbank Eldmark.
History
The The name “Krona” is Ordennyan for "crown.” From the time of Ordennyan colonial rule, the Krona was used as a currency, in silver form, using the silver standard of valuation. When the Ordennyan government abolished the monarchy and Eldmark subsequently declared independence, the currency lost a significant amount of value and, for a brief time, the Eldmarkian royalty issued the Papperkrona, a currency not backed by silver or gold, only on the credibility of the Crown. Shortly after the Krona was reintroduced to the silver standard. After the Great War, the currency was switched to a fiat currency with a floating exchange rate.
Until 1992, the krona was subdivided into 100 öre. After the Sales Tax Act of 1992, all purchases are instead rounded up to the nearest krona with notable exception to small purchases under K5.
Exchange rate
The Riksbank Eldmark, Eldmark's central bank, manages the exchange rate of the krona in times of economic issue, therefore giving the currency in that time period a managed float exchange rate.
The advantages that Eldmark reaps from having a floating/managed float exchange rate is primarily the ability for it to absorb immediate economic shock or currency crisises, while allowing for the Riksbank to intervene if needed.
Banknotes
| Current Series | |||||
|---|---|---|---|---|---|
| Image | Value | Main Colour | Description | ||
| Obverse | Reverse | Obverse | Reverse | ||
| File:EKR 1KronaOBV.png | File:EKR 1KronaREV.png | 1 Krona | Blue | Meeting of General Adolf Lundquist and Chief Byshwae, Battle of Platenburg, Erik I | Desert Hummingbird and Cactus Flower, Platefält, Ödemark |
| File:EKR 5KronaOBV.png | File:EKR 5KronaREV.png | 5 Kronor | Olive | Diagram of the ESS Adelström, Battle of the Horn, Stefan I | Hyacinth Macaw on a limb, Hamvarsund Rainforest, Hornmark |
| File:EKR 10KronaOBV.png | 
|
10 Kronor | Red | Railway Cannon "Big Karl", Battle of Vaxholmen, Karl I | Cormorant on a rock, Storabryggan National Park, Väno |
| File:EKR 20KronaOBV.png | File:EKR 20KronaREV.png | 20 Kronor | Green | Diagram of a M234 Hammarkannon, the ESS Adelström on the hunt for submarines in the Vehemens, Frederick I | Lesser Rhea, Gröntbergen, Nåstad |
| File:EKR 50KronaOBV.png | File:EKR 50KronaREV.png | 50 Kronor | Orange | Quill and ink used to sign the Författningen, First session of the Riksdag, Elianora I | Golden eagle on a branch, Himdal National Park, Alestad |
| File:EKR 100KronaOBV.png | File:EKR 100KronaREV.png | 100 Krona | Purple | White poppy flower, Mural of the Unity of Man, Frederick II | Raven on the Kungliga Hillebard, Kaktusfält, Tömmastad |
