Laiatanese korona
| Laiatanese korona Лаиатанский корона (Laiatanese) | |
|---|---|
| Introduced | 1577 |
| ISO 4217 | KOR |
| 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: крон kron; 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 kron.
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
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 'pound' in Laiatanese, one silver korona (0.99 oz) became equal to 100 copper kuski. Higher denominations of kron 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 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, 3, 5, 10, 20, 50, 100 kron | Value and imperial coat of arms | Blank | Imperial Laiatanese Bank | Laiatanese |
| 1617 | |||||
| 1667 | |||||
| 1690 | 1, 3, 5, 10, 20, 50, 100, 200 kron | Face of Yura Lainov with value and imperial coat of arms | "Imperial Laiatanese Bank" with value | ||
| 1720 | |||||
| 1756 | |||||
| 1800 | Faces of Katherine I and Yura Lainov with value | Imperial coat of arms, "Imperial Laiatanese Bank," and value | |||
| 1830 | Faces of Katherine I and Yuri IV with value | ||||
| 1877 | Commemorative 5 korona for 300 years of Empire, featuring Katherine 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 kron | Artyom Grebenshchikov: 100 and 200 Milorad Kosterlovovich: 1,000 and 5,000 Leonid Arzamastsev: 5,000 kron+ |
Value, view of the Presidential Palace in Volkgoroda with the Laiatanese flag above it |
Federal korona
Coins
Banknotes
|
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 | ||
