Byzantine Kration
| Byzantine Kration | |
|---|---|
| ISO 4217 | |
| Code | KRA |
| Denominations | |
| Subunit | |
| 1⁄100 | Nomisma |
| Plural | Kratioi |
| Symbol | Ķ |
| Nomisma | ņ |
| Banknotes | |
| Freq. used | Ķ5, Ķ10, Ķ20, Ķ50, Ķ100, Ķ200 |
| Rarely used | Ķ500 |
| Coins | |
| Freq. used | 1ņ, 2ņ, 5ņ, 10ņ, 20ņ, 50ņ, Ķ1, Ķ2 |
| Demographics | |
| Date of introduction | 1 January 1898 |
| Replaced | Various |
| User(s) | Byzantine Empire |
| Issuance | |
| Central bank | State Central Treasury |
| Mint | Imperial Central Mint |
| Valuation | |
| Inflation | 2.4% (April 2024) |
| Method | HICP |
The Kration (symbol: Ķ; currency code: KRA) is the official currency of the Byzantine Empire. The euro is divided into 100 Nomismata.
The name Kration was officially adopted on 16 December 1897. The Kration was introduced on 1 January 1898, making it the day-to-day operating currency of the Byzantine Empire, and by March 1900 had completely replaced the former currencies.
The Kration is managed and administered by the State Central Treasury. The ECB has authority to set monetary policy.
Coins and banknotes
Coins
The Kration is divided into 100 Nomismata (also referred to as cents).
All circulating coins have a Fixed Side showing the denomination or value, and the State symbol in the background. Due to the linguistic plurality in the Empire, the Greek alphabet is used alongside Arabic numerals. The coins also have a Imperial Side showing the profile image of the Emperor reigning at the time of minting.
The coins are issued in denominations of Ķ2, Ķ1, 50ņ, 20ņ, 10ņ, 5ņ, 2ņ, and 1ņ.
Banknotes
Notes are issued in Ķ500, Ķ200, Ķ100, Ķ50, Ķ20, Ķ10, and Ķ5. Each banknote has its own colour.