Galet lira

Galet lira
A two-hundred lire banknote
ISO 4217
Code	GTL
Denominations
Subunit
​1⁄100	Centesim
Plural	Lire
Centesim	Centesimus
Symbol	₤
Centesim	¢
Nickname	Daner
Banknotes
Freq. used	₤5, ₤10, ₤20, ₤50, ₤100
Rarely used	₤200
Coins
Freq. used	¢5, ¢10, ¢50, ₤1
Rarely used	¢1
Demographics
Date of introduction	January 1, 1868 (1868-01-01)
Source	Banca dal Commembranza
User(s)	Galeteri
Issuance
Central bank	Banca dal Commembranza
Website	www.bancacommembranza.glt
Printer	Minta Federala
Website	www.mintafederala.glt
Mint	Minta Federala
Website	www.mintafederala.glt
Valuation
Inflation	2.4%
Source	Banca dal Commembranza

The lira is the official currency of Galeteri, introduced on 1 January 1868. Both the ISO code "GTL" and currency symbol "₤" are in common use. The currency is sometimes referred to as the Galet pound in Anterian Common, since lira literally means pound. Historically, lira coins have been minted in Galeteri since the 17th century.

The monetary policy of Galeteri is conducted by the Bank of the Commonwealth, the country's central bank. It is minted and printed by the Federal Mint, in Regenza.

History

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Coins

The coins are issued in denominations of ₤1, ¢50, ¢10, ¢5, and ¢1. To avoid the use of the smallest coin, some cash transactions are rounded to the nearest five cents. Coins are often nicknamed "pelletas" in Galet.

Coins of the Galet lira
Image	Value	Diameter	Weight	Material	Obverse	Reverse
	1 centesim	18.75 mm	3.06 g	Copper-covered steel	Alv prezius flower; text "LA COMMEMBRANZA"	"¢1"; Weighting scale
	5 centesim	21.25 mm	3.92 g	Copper-covered steel	Strawberry tree fruit; text "LA COMMEMBRANZA"	"¢5"; Cornucopia
	10 centesim	22.25 mm	5.74 g	Cupronickel	Armillary sphere; text "LA COMMEMBRANZA"	"¢10"; Black sea bass
	50 centesim	24.25 mm	7.8 g	Cupronickel	Spherical strolabe; text "LA COMMEMBRANZA"	"¢50"; Common raven
	1 lira	25.75 mm	8.5 g	Aluminium-bronze	Figure of a woman holding a shield with the Seal of the Commonwealth and a sword; text "LA COMMEMBRANZA"	"₤1"; Outline of the Galet map

Design

The current edition of the 200, 100, 50, 20, 10 and 5 lire banknotes were designed by artist Loes Welcker in 1975, and were picked after a contest ran by the Minta Federala. The notes are mostly of a light beige color, with bicolour details, often blue combined with another color. The banknote is signed by the Governor of the Bank of the Commonwealth at the time of printing (currently Antonino Riva). The Seal of the Commonwealth appears in every banknote in a figure similar to a stamp. Drawings of important historical personalities can be found on the obverse of the note, while the reverse includes the image of a painting depicting something that figure is notorious for.

The current roster of coins was designed by famed flesh engraver, arcanaterist priest and politician Aurelio Scalese in 1955. the first two coins are made out of copper-covered steel and depict flora in the obverse and tools of trade and symbols of prosperity in the reverse. The next two coins depict tools of astronomy and navigation in the obverse and fauna in the reverse. The one lira coin is made out of a golden aluminium-copper alloy which was nicknamed "Bronzeteri" and depicts a alpine female knight wielding a shield and a sword in the obverse, while the reverse displays a map of Galeteri.

See Also

List of currencies in Anteria
Galeteri