Niueyjara Krone: Difference between revisions
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Shortly after the assent of Clan Kalifen to the throne the Third Emperor Bjarn Odthinson of Clan Kalifen decreed that all currency would be done with a circular wooden chip. The chips were to be called Krones and could only be produced by the royal family. The design has varied over the years but has almost always been a depiction of either the dragon or the dragon tree on one side and the depiction of the current Emperor on the other to showcase the two forms the dragon is known to take as well as give thanks to the trees for providing the currency. |
Shortly after the assent of Clan Kalifen to the throne the Third Emperor Bjarn Odthinson of Clan Kalifen decreed that all currency would be done with a circular wooden chip. The chips were to be called Krones and could only be produced by the royal family. The design has varied over the years but has almost always been a depiction of either the dragon or the dragon tree on one side and the depiction of the current Emperor on the other to showcase the two forms the dragon is known to take as well as give thanks to the trees for providing the currency. |
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The currency is a form of fiat currency and thus is backed by nothing leading to multiple cases of hyperinflation throughout history. The most recent stint of hyperinflation resulted in almost 40,000 trees being cut down to fuel the mint, since then the process of creating Krones has become more heavily regulated. |
The currency is a form of fiat currency and thus is backed by nothing leading to multiple cases of hyperinflation throughout history. The most recent stint of hyperinflation resulted in almost 40,000 trees being cut down to fuel the mint, since then the process of creating Krones has become more heavily regulated. Empress Heidr ordered that a copper alloy be used for the Krones to preserve the dwindling supply of wood on the island, though many wooden variants from before the switch are still in circulation. |
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[[File:Niueyjara Krone v2.png|thumb|267x267px]] |
[[File:Niueyjara Krone v2.png|thumb|267x267px]] |
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Revision as of 19:44, 21 September 2022
History
Shortly after the assent of Clan Kalifen to the throne the Third Emperor Bjarn Odthinson of Clan Kalifen decreed that all currency would be done with a circular wooden chip. The chips were to be called Krones and could only be produced by the royal family. The design has varied over the years but has almost always been a depiction of either the dragon or the dragon tree on one side and the depiction of the current Emperor on the other to showcase the two forms the dragon is known to take as well as give thanks to the trees for providing the currency.
The currency is a form of fiat currency and thus is backed by nothing leading to multiple cases of hyperinflation throughout history. The most recent stint of hyperinflation resulted in almost 40,000 trees being cut down to fuel the mint, since then the process of creating Krones has become more heavily regulated. Empress Heidr ordered that a copper alloy be used for the Krones to preserve the dwindling supply of wood on the island, though many wooden variants from before the switch are still in circulation.
