Niueyjara Krone: Difference between revisions
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== History == |
== History == |
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The krone was introduced after Bjarn Odthinson of Clan Kalifen standardised Niueyjar's currency into a circular wooden coin. He named these coins ''krone'' and production was entirely overseen by the royal family. The design varies over time but there is usually a depiction of the Dragon or the Dragon Tree on the reverse and the current emperor on the face. These designs showcase the two forms the Dragon takes and |
The krone was introduced after Bjarn Odthinson of Clan Kalifen standardised Niueyjar's currency into a circular wooden coin. He named these coins ''krone'' and production was entirely overseen by the royal family. The design varies over time but there is usually a depiction of the Dragon or the Dragon Tree on the reverse and the current emperor on the face. These designs showcase the two forms the Dragon takes and acknowledge the use of trees in the production of these coins. |
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The krone is not backed by a commodity, which has led to multiple cases of hyperinflation throughout history. Most recently, a case of hyperinflation resulted in almost 40,000 trees cut down to fuel the mint. Since then, regulations have increased in the production of krones. |
The krone is not backed by a commodity, which has led to multiple cases of hyperinflation throughout history. Most recently, a case of hyperinflation resulted in almost 40,000 trees cut down to fuel the mint. Since then, regulations have increased in the production of krones. |
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During Empress Heidr's reign, krones began being made from copper alloy, to preserve the wood supply on the island. Wooden coins are still in circulation and are legal tender. |
During Empress Heidr's reign, krones began being made from copper alloy, to preserve the wood supply on the island. Wooden coins are still in circulation and are legal tender. |
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[[Category:Niueyjar]] |
[[Category:[[Category:Economy of Niueyjar]] |
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[[Category:Currency]] |
[[Category:Currency]] |
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Revision as of 01:49, 17 January 2024
Template:CurrencyThe krone is the official currency of Niueyjar.
History
The krone was introduced after Bjarn Odthinson of Clan Kalifen standardised Niueyjar's currency into a circular wooden coin. He named these coins krone and production was entirely overseen by the royal family. The design varies over time but there is usually a depiction of the Dragon or the Dragon Tree on the reverse and the current emperor on the face. These designs showcase the two forms the Dragon takes and acknowledge the use of trees in the production of these coins.
The krone is not backed by a commodity, which has led to multiple cases of hyperinflation throughout history. Most recently, a case of hyperinflation resulted in almost 40,000 trees cut down to fuel the mint. Since then, regulations have increased in the production of krones.
During Empress Heidr's reign, krones began being made from copper alloy, to preserve the wood supply on the island. Wooden coins are still in circulation and are legal tender. [[Category: