International Reserve Dollar (Narisis)
List of names | |
---|---|
ISO 4217 | |
Unit | |
Plural | Dollars, Interesi (Colloquial) |
Symbol | $ |
Denominations | |
Subunit | |
1/100 | Cent |
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, Basket of Reserve Currencies |
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.
Overview
The International Clearing Union
History
Pre-1965 Proposals
Panic of 1965
Treyarnon Accords and First Iteration
1987 Reforms
21st Century
Criticism
List of users
Included in this list are all current and proposed member-states and territories of the International Clearing Union, accept the Interes as valid tender, as well as details about their membership, including year of entry and their own national currency which is included in the calculation of the Interes' exchange rate and inflation.
Country or Territory | Year Adopted | Local Name(s) | Subsidiary National Currency | Notes |
---|---|---|---|---|
Cukobai | 1967 | Matawang Dusunpan (Conventional) |
Cukobaian Gaji | The Gaji is one of the "core currencies" which the IRD has been based on since the adoption of the Treyarnon System in 1967, and has a permanent seat on the Board of Directors for the International Clearing Union. |
Huajiang | 1967 | 国美园 Alphabetized Huajiang: Guóměi yuán |
Huajiang Yuan | The Yuan is one of the "core currencies" which the IRD has been based on since the adoption of the Treyaron System in 1967, and has a permenant seat on the Board of Directors for the International Clearing Union. |