Difference between revisions of "Laiatanese funt"

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Revision as of 13:53, 10 February 2018

Laiatanese funt
Лаиатанский фунт (Laiatanese)
Laiatanese funt
Introduced1577
ISO 4217FNT
SymbolԺ
Central BankBank of Laiatan
UsersLaiatanese Federation
North Dveria
Inflation1.89% (April 2017)
  SourceBank of Laiatan
  MethodCPI
Subunits
  1/100Kusok (к)
Coins
  Freq. used1к, 5к, 10к, 25к, Ժ1, Ժ2
  Infreq. used50к
Notes
  Freq. usedԺ5, Ժ10, Ժ20, Ժ50
  Infreq. usedԺ100, Ժ200
PrinterState Bank Note Company
  Websitehttp://gbpk.lai
MintLaiatanese Federal Mint
  Websitehttp://lfm.lai

The Laiatanese funt (Laiatanese: фунт funt, plural: фунта funta; sign: Ժ; code: FNT) is the official currency of the Laiatanese Federation and North Dveria. It is divided into 100 smaller kuski (Laiatanese: кусок kusok, plural: куски kuski) units. The circulating paper money consists of Federal Bank Notes that are denominated in Laiatanese funta.

The funt was introduced in 1577 after the rise of the Laiatanese Empire, replacing the old currencies that were circulating among the smaller kingdoms of western Itur. It was decimalized in 1615 when the funt become legally equal to 100 kuski.

After the establishment of the Laiatanese Federation, the funt remained the national currency and imperial notes were legal tender until the end of the exchange period in 1895. The Federal funt completely replaced the Imperial funt on January 8, 1895, the currencies exchanged 1:1. The major change between the federal and imperial currencies were the removal of imperial iconography from coinage and bills.

History

Introduced in 1577 with the establishment of the Laiatanese Empire, the funt was used to reform the financial systems of the smaller kingdoms that were integrated into the Empire. Meaning 'pound' in Laiatanese, one silver funt (0.99 oz) became equal to 100 copper kuski. Higher denominations of funta were minted in gold.

The Imperial funt remained the currency of the Laiatanese Empire until its dismantling in 1888 after a brief period of military rule, at which point it became legal tender within the newly formed Laiatanese Federation. It was accepted across the country until the Federal funt officially replaced it on January 8, 1895.

Imperial funt

The Imperial funt was first issued by the Imperial Laiatanese Bank by decree of Empress Katherine I in 1577. The purpose was to create a single currency for the Empire and its newly conquered territories to use. The predecessor nation of the Kingdom of Laiatan relied on currency printed by the individual provinces that made up the kingdom, maintaining exchange rates for each currency. Katherine I's decree streamlined and overhauled the Laiatanese monetary system, with printing of the new bills and coins starting later that year.

Coins

Banknotes

Series Value Obverse Reverse Issuer Languages
1577 1, 5, 10, 20,
50, 100 funta		 Example Example Imperial Laiatanese Bank Laiatanese
1617 Example Example Example Imperial Laiatanese Bank
1667 Example Example Example Imperial Laiatanese Bank
1690 Example Example Example Imperial Laiatanese Bank
1720 Example Example Example Imperial Laiatanese Bank
1756 Example Example Example Imperial Laiatanese Bank
1800 Example Example Example Imperial Laiatanese Bank
1830 Example Example Example Imperial Laiatanese Bank
1870 Example Example Example Imperial Laiatanese Bank

Federal funt

Coins

Banknotes

Laiatan Flag2.png Laiatanese Federation Laiatan Flag2.png
Main article: Laiatan
Important Topics: Culture ♦ Lupine ♦ Laiatanese language ♦ Mahitou ♦ Laiatanese korona ♦ Defense Forces
Government: Cabinet ♦ Federation Assembly ♦ Federal Council ♦ People's Council ♦ President ♦ Supreme Federal Court ♦ Political Parties
History: Pre-Mahigan Laiatan ♦ Kingdom of Laiatan ♦ Laiatanese Empire ♦ Laiatanese Junta ♦ Laiatanese Federation
Important Figures (Past and Present): Yuliya Surkova ♦ Zakhar Kreskov ♦ Aleksey Zukov ♦ Yuri IV ♦ Katerina I ♦ Nika Alkaev ♦ Yura Lainov
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