International Reserve Dollar (Narisis)
| International Reserve Dollar | |
|---|---|
| List of names | |
| ISO 4217 | |
| Code | IRD |
| Denominations | |
| Subunit | |
| 1/100 | Cent |
| Plural | Dollars |
| Symbol | $ |
| Banknotes | $1, $5, $10, $20, $50, $100 $500, $1000, $5000, $10000 (Rarely Used) |
| Coins | 1, 5, 10, 20, 50 cents |
| Demographics | |
| User(s) | List of users |
| Issuance | |
| Central bank | International Clearing Union |
| Valuation | |
| Pegged with | International balance of trade |
The International Reserve Dollar (plural: Dollars, symbol: $, currency code: IRD), sometimes colloquially termed as Interes (plural: Interesi), is an internationally-utilized unit of account and world reserve currency. Developed in 1967 as part of the Treyarnon Accords, in response to the Panic of 1965, a major global depression resulting from numerous punitive tariffs and a subsequent slowdown of world trade over the prior decade, largely thought of as being due to the widening political divide between the traditional and radical powers and their respective spheres of influence following the close of the Great Continental War in 1912. Originally developed to not to act as a currency, but rather the source of all financial reserves to draw global finance away from older systems of hard currency and a single unit of account for which to track the balance of world trade, it was converted into its modern, currency-based form in 1987 in order to provide greater access to world markets for businesses and individuals in developing countries, though its currency form has been utilized by other global financial institutions in the decades since.