Hautean Loteng: Difference between revisions
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{{Currency|code=LHE|symbol=ൽ, Loteng <br> |
{{Currency|code=LHE|symbol=ൽ, Loteng <br> |
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ᱭ, Teng|date_of_introduction=1398 TT|replaced=Qetirin (Siô)|user(s)= |
ᱭ, Teng|date_of_introduction=1398 TT|replaced=Qetirin (Siô)|user(s)= |
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Revision as of 06:17, 6 March 2023
Template:CurrencyThe Hautean Loteng (sign: ൽ; code: LHE) is the official currency and legal tender of all nations across eee. Within eee, it is almost always abbreviated to its symbol (ൽ). The ൽ symbol precedes the amount. It is subdivided into 100 Teng (ᱭ).
The Hautean Loteng was introduced as Hautite civilisation grew to require a currency. After the plateauing of eee in 748 TT, the Hautean currency system was adopted throughout the whole of eee, and replaced the note-based Siôese Qetirin.
History
The Hautean Loteng was introduced in 1398 TT in dZumiya, to provide a more efficient form of transaction than bartering. Both parties involved in a transaction would present the details to a banker, who would track each party's account balance using small, round rocks.
As the need for a more organised currency system grew, transaction details could be
Usage
Unlike other Attu currencies, the Hautean Loteng has no physical form and is entirely credit-based. Almost all transactions are performed via electronic payment. In areas where electronic payment may not be viable, paper cheques are used as a replacement.