Eldmarkian Krona

Eldmarkian Krona
Eldmarks Kronor (Geatish)
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)	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 Geatish for "crown.” From the time of Geatish colonial rule, the Krona was used as a currency, in silver form, using the silver standard of valuation. When Eldmark declared independence from the Geatish government, the currency lost a significant amount of value and, for a brief time, the Eldmarsk provisional governments issued the Papperkrona, a currency not backed by silver or gold, only on the credibility of the government, to finance the war. 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.

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
		1 Krona	Blue	Charge of the Light Cavalry at Kvällholm, Eldmarsk Secessionists praying before a battle, Erik I	Desert Hummingbird and Cactus Flower, Platefält, Ödemark
		5 Kronor	Olive	Diagram of Fortress Ästeria, Mariranan and Eldmarsk ships battling in the Arucian, Harald I	Hyacinth Macaw on a limb, Hamvarsund Rainforest, Hornmark
		10 Kronor	Red	Railway Cannon "Big Karl", Battle of Vaxholmen, Karl I	Cormorant on a rock, Storabryggan National Park, Väno
		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
		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
		100 Kronor	Purple	White poppy flower, Mural of the Unity of Man, Frederick II	Secretarybird attacking a rinkhal, Kaktusfält, Tömmastad

Coins

Current Series
Image		Value	Metal	Description
Obverse	Reverse			Obverse	Reverse
		1 öre	Zinc, Copper	Erik I and cypher, country name, denomination	Year, troops holding the line during the Asterian War for Independence, denomination, "Freedom and Prosperity"
		5 öre	Nickel, Copper	Edvard I and cypher, country name, denomination	Year, Farmer with horse and plow, factory, denomination, "Agriculture and Industry"
		10 öre	Nickel, Copper	Harald I and cypher, country name, denomination	Year, Sailing of the steamship Sovereign towards Astoria, denomination, "Commerce and Invention"
		25 öre	Zinc, Copper	Erik II and cypher, country name, denomination	Year, Schoolhouse founded as a result of the Mannenheim Education Movement, denomination, "Order and Progress"
		50 öre	Ryggrad Gold, Nickel	Karl I and cypher, country name, denomination, oak and olive wreath	Year, Angel of Peace carrying a banner reading "Peace and Victory, 1934," denomination, oak and olive wreath
		1 Krona	Ryggrad Gold, Nickel	Thyri I and cypher, country name, denomination, oak and olive wreath	Year, National symbol of Eldmark, denomination, "Queen and Country," oak and olive wreath