Niueyjara Krone: Difference between revisions
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{{Currency|image1=[[File:Niueyjara Krone v2.png|thumb]]|user(s)=Niueyjar}}The '''krone''' is the official currency of Niueyjar. |
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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 acknowledges 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. |
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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. |
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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. 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]] |
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[[Category:Niueyjar]] |
[[Category:Niueyjar]] |
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[[Category:Currency]] |
[[Category:Currency]] |
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Revision as of 06:57, 23 June 2023
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 acknowledges 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.