Emerstarian skille

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Emerstarian skille
Skille
Emerstarian 10 Skiller Obverse.png Emerstarian 10 Skiller Reverse.png
10 Skiller (obverse)10 Skiller (reverse)
Denominations
Subunit
 1/100Pennige
PluralSkiller
 PennigePennigar
SymbolS
 Pennigeh
NicknameRiksmedall
 PennigePensa
Banknotes
 Freq. used5S, 10S, 25S, 50S, 100S
 Rarely used1S, 2S
Coins
 Freq. usedKrone (10S), Fomning (5S), Helling (1S), Halving (50p), Kosmynt (10p), Fomspennigar (5p)
 Rarely usedKuingske (50S), Leijon (20S), Dubbelkosmynt (20p), Pennige (1p), Kvartering (0.25p)
Demographics
Date of introduction1627
User(s)Emerstari, its dependencies, and New Retermi
Issuance
Central bankEmeriges Rikesbanke
Valuation
Inflation1.24%
 Source2018

The Emerstarian skille, also known as the riksmedall, is the official currency of Emerstari, its dependencies, and New Retemri that was introduced in 1627 in accordance with a new bimetallic standard by Ervin II Gustaf to replace the older, silver-backed Sølving. It is identified with the ISO code "S," which follows the value in most cases. The skille is sometimes known as the shilling in English since skille literally means shilling in Emerstarian; the Soumian sjaåla takes its name from the skille.

One skille is subdivided into two halvinger, one Halving is subdivided into four kosmynter, and one kosmynt is subdivided into twelve pennigar. Thus, there are eight kosmynter and ninety-six pennigar in a skille. The kosmynt (Emerstarian: cow's coin) is possibly the oldest term in regards to Emerstarian currency, first being recorded in 734 as the price of a cow. There are seven banknote denominations within the system, and excluding special edition coins released by the Emerstarian government from time to time, there are nine coin denominations.

The skille is equal in value to the other currencies within the Ostensted Monetary Union; this means, in accordance with the most recent specifications set by the Ostensted Treaty Council in 1986, one skille is equivalent to 0.1 grams of gold or 0.56 grams of silver, as result of the set gold-to-silver ratio of 1:56.

History

The oldest known Emerstarian coin is a Kosmynt dating to AD 734, but systematic minting in Emerstari would not appear until unification in the eleventh century when the sølving, the Emerstarian currency from 1051 until 1627, was adopted. The largest center of minting was the the city of Rensulier but coins were struck in the cities of Ljundburg, Månskilde, Ulgelse, and Osterborg as well. With few exceptions, even to the present, Emerstarian coins feature monarchs with their names, monograms, and/or portraits.

The skille was adopted in 1627, when Ervin II Gustaf dropped the silver standard for the bimetallic standard. The adoption of the bimetallic standard would be an indirect cause of the Treaty of Otsensted between Canaria, Coelans, Emerstari, the Friedish Confederation, and Saurland in 1859, leading to the Otsensted Monetary Union. Under the treaty, each of contracting state's currency is equivalent and set to common specifications.

Decimalization

Since 1627, the skille had been subdivided into eight kosmynter; a kosmynt, in turn, was divided into sixteen forthings. before its replacement, the sølving had been subdivided similarly. In 1956, though, a special summit of the Otsensted Treaty Council required that each contracting state's currencies undergo decimalization on 1 January 1960. As a result of this, the skille is presently subdivided into one hundred pennigar; though, there is still a coin in circulation that is worth ¼ of a pennige.

Banknotes

On 21 July 2002, Emeriges Riksbanke announced the names of the persons whose portraits would be on the new banknote series that would be introduced on 10 January 2004:

Banknotes of Emerstari
Image Value Dimensions Main color Description Date of
Obverse Reverse Obverse Reverse Watermark first printing issue
Emerstarian 10 Skiller Obverse.png Emerstarian 10 Skiller Reverse.png 10 Skiller 181 × 74 mm Blue Karl IV Lorens Emerstarian blueberry fields Tred Kroner 2003 10 January 2004

Coins

Overview of Emerstarian coins
Name Value Diameter
(mm)
Thickness
(mm)
Weight
(g)
Fineness Composition Obverse Reverse Current design issued since
Kvartering 0.25 pennigar - - - 0.9 Silver Erik XII Georg Trees 1994
Pennige 1 pennige - - - 0.9 Silver Erik XII Georg Blue Jay 1994
Fomspennigar 5 pennigar - - - 0.9 Silver Georg I Erik Coat of arms of the Hus of Eirikr 1939
Kosmynt 10 pennigar - - - 0.9 Silver Eirikr Segersælla Deer head 1954
Dubbelkosmynt 20 pennigar - - - 0.9 Silver Erik XII Georg Cornflower 1994
Halving 50 pennigar - - - 0.9 Silver Erik XII Georg Rensulier Palace 1994
Helling 1 skille - - - 0.9 Silver Erik XII Georg Map of Emerstari 1994
Fomning 5 skiller - - - 0.9 Silver Erik XII Georg Bear 1994
Krone 10 skiller - - - 0.9 Gold Erik XII Georg Tred Kroner 1994
Leijon 20 skiller - - - 0.9 Gold Karl IV Lorens Lion 1922
Kuingske 50 skiller - - - 0.9 Gold Erik XII Georg Cross 1994