Laiatanese korona
| Laiatanese korona Лаиатанский корона (Laiatanese) | |
|---|---|
| Introduced | 1577 (Imperial korona) 1895 (Federal korona) |
| ISO 4217 | LKR |
| Symbol | Ժ |
| Central Bank | Bank of Laiatan |
| Users | Laiatanese Federation North Dveria |
| Inflation | 1.89% (April 2017) |
| Source | Bank of Laiatan |
| Method | CPI |
| Subunits | |
| 1/100 | Kusok (к) |
| Coins | |
| Freq. used | 1к, 5к, 10к, 25к, Ժ1, Ժ2 |
| Infreq. used | 50к |
| Notes | |
| Freq. used | Ժ5, Ժ10, Ժ20, Ժ50 |
| Infreq. used | Ժ100, Ժ200 |
| Printer | State Bank Note Company |
| Website | http://gbpk.lai |
| Mint | Laiatanese Federal Mint |
| Website | http://lfm.lai |
The Laiatanese korona (Laiatanese: корона korona, plural: короны korony; sign: Ժ; code: KOR) 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 korony.
The korona 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 korona became legally equal to 100 kuski.
After the establishment of the Laiatanese Federation, the korona remained the national currency and imperial notes were legal tender until the end of the exchange period in 1895. The Federal korona completely replaced the Imperial korona on January 8, 1895, the currencies exchanged 1000:1. The major change between the federal and imperial currencies was the redenomination of the currency and the removal of imperial iconography from coinage and bills.
Contents
Name
The official name of the currency is Лаиатанская корона (Laiatanskaya korona), though the plural form of Лаиатанский короны (Laiatanskiy korony) is used on banknotes and the one and two korona coins. The 5к, 10к, 25к, and 50к coins feature куски (kuski) while the 1к features кусок (kusok).
The name korona literally means "crown" in the Laiatanese language, while kusok literally means piece - as in a piece of a crown. The names originated with the Laiatanese Empire, and was carried over when the monarchy was abolished and replaced with a federal government.
The symbol of the currency is 'Ժ' for the korona and 'к' for the kusok. Occasionally Kr. is used to refer to the currency.
History
Introduced in 1577 with the establishment of the Laiatanese Empire, the korona was used to reform the financial systems of the smaller kingdoms that were integrated into the Empire. Meaning 'crown' in Laiatanese, one silver korona (0.99 oz) became equal to 100 copper kuski. Higher denominations of korony were minted in gold.
The Imperial korona 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 korona officially replaced it on January 8, 1895 through the Federal Coinage Act of 1888.
Imperial korona
The Imperial korona was first issued by the Central Bank of the Laiatanese Empire (also founded by Katerina I) by decree of Empress Katerina 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. Katerina 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 |
|---|---|---|---|---|---|
| 1621 | 1, 3, 5, 10, 20, 50, 100 korony | Value and imperial coat of arms | Blank | Central Bank of the Laiatanese Empire | Laiatanese |
| 1667 | |||||
| 1690 | 1, 3, 5, 10, 20, 50, 100, 200 korony | Face of Yura Lainov with value and imperial coat of arms | "Imperial Laiatanese Bank" with value | ||
| 1720 | |||||
| 1756 | |||||
| 1800 | Faces of Katerina I and Yura Lainov with value | Imperial coat of arms, "Imperial Laiatanese Bank," and value | |||
| 1830 | Faces of Katerina I and Yuri IV with value | ||||
| 1877 | Commemorative 5 korona for 300 years of Empire, featuring Katerina I's face and an outline of the Empire with the imperial coat of arms | ||||
| 1884 | 100, 200, 500, 1,000, 5,000, 10,000, 50,000 korony | Artyom Grebenshchikov: 100 and 200 Milorad Kosterlovovich: 1,000 and 5,000 Leonid Arzamastsev: 5,000 korony+ |
Value, view of the Presidential Palace in Volkgoroda with the Laiatanese flag above it |
Federal korona
The Bank of the Laiatanese Federation was the successor to the Central Bank of the Laiatanese Empire, beginning operations on April 17, 1888. While the Imperial korona was still widely accepted and circulated, the new Federal bank worked to produce new banknotes and coins for the new republic. It accepted submissions from the public and unveiled the new designs on April 17, 1890. The dies and printing plates were created and minting of the new currency began on January 1, 1891. The Federal korona would not replace the Imperial korona completely until January 8, 1895 when the exchange period ended and the federal currency became the sole legal tender accepted in the new Federation.
Coins
Banknotes
| Series | Value | Obverse | Reverse | Issuer | Languages |
|---|---|---|---|---|---|
| 1891 | 1, 3, 5, 10, 20, 50, 100 korony | Value and imperial coat of arms | Blank | Central Bank of the Laiatanese Empire | Laiatanese |
| 1919 | 1, 3, 5, 10, 20, 50, 100, 200 korony | ||||
| 1940 | Face of Yura Lainov with value and imperial coat of arms | "Imperial Laiatanese Bank" with value | |||
| 1971 | 5, 10, 20, 50, 100, 200 korony | Face of Yura Lainov with value and imperial coat of arms | "Imperial Laiatanese Bank" with value | ||
| 1998 | 1, 3, 5, 10, 20, 50, 100, 200 korony | Face of Yura Lainov with value and imperial coat of arms | "Imperial Laiatanese Bank" with value | ||
| 2018 | 1, 3, 5, 10, 20, 50, 100, 200 korony | Face of Yura Lainov with value and imperial coat of arms | "Imperial Laiatanese Bank" with value |
|
Laiatanese Federation |
|
|---|---|---|
| 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 | ||
