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[[Category:Oan's links]]
[[Category:Aurora]] [[Category:Dylan's links]] [[Category:Currency]]
{{Infobox currency
| using_countries = [[Axdel]]<br>[[
| iso_code = KRB
| iso_number = 001
| currency_name =
| currency_name_in_local = კირინი <small>([[Wikipedia:Georgian language|SAL]] ) </small><br>''Kirihe''<small>([[Wikipedia:Maori language|OAN]]) </small>
| image_1 = 900px-Kirib symbol.png
| iso_exponent = 2
Line 20 ⟶ 22:
| issuing_authority_title = Central bank
| issuing_authority_website = acb.caek
| replaced_currency = {{unbulleted list|Oan tara ([[The Oan Isles]])
}}
The '''Kirib''' (symbol: ♅; ISO code: KRB) is
In 1893, the Bank of Staynes decimalised the currency, making 1 kirib equal 100 albons. In the 1910s, it effectively became a representative currency and eventually abandoned the gold standard in 1975. It is the most widely traded currency in the world and the largest reserve currency in the world, with the [[Standard Hawking Dollar]] of [[South Hills]] coming at a near second-place spot. Despite the ever-changing fortunes of the nations which adopted it in the 19th century and onwards, the enduring and incredible stability and resilience of the Great Morstaybishlian economy have resulted in its rock-solid reliability. It is used by the largest and oldest monetary in the world, the Kirib Monetary Union.
==History==
=== Background ===
The history of the kirib is incredibly long and complex and, to an extent, represents the evolution of currency on Urth generally. To narrow the scope of this article, the article will examine the period starting from the 9th century CE. During this period, people would buy goods and services using gold and silver coins. These coins were produced by mints that were approved by the Treasury of the Morstaybishlia and they were issued in denominations that varied by weight called kiribs for gold and albons for silver. The Treasury of Morstaybishlia eventually wanted to control the supply of gold and silver coins thus it banned other mints from issuing kirib and albon coins and took over the issuance of these coins. Kiribs and albons were not necessarily currency in and of themselves. They represented the weight and type of precious metal. In reality, gold and silver coins were the real currency and were acceptable in most countries around the world, regardless of the name that was stamped on the face. Institutions called banks were established which stored gold and silver for people. They would give each depositor a certificate and/or tokens that represented the amount of gold and silver that the depositor could withdraw and they gave the weights in kiribs and albons. This allowed mints to spring up as they would issue coins called tokens that were made with low
=== Merchant period ===
Merchant banks realised that people would hold on to these certificates for a very long time, so they started issuing more certificates and tokens than there was gold and silver in their vaults. Moreover, they would lend out the gold and silver to other traders and then everyday people would repay them in interest, so they were comfortable in the knowledge that they would make enough money to repay their depositors and even make profits for themselves which they could lend out to others. Unfortunately, people started exploiting this system and creating their own notes and coins. The merchant banks could not keep up with the situation and they asked the Crown to step in.
=== Treasury period ===
=== Bank of Staynes period ===
=== Kirib Monetary Union ===
Some countries that traded with the powerful Kingdom of Great Morstaybishlia were struggling to pay for imports. They had to take out massive loans from Morstaybishlian merchant guilds and other bodies to afford the cost of imports. They often lacked the gold and silver to pay them back. Moreover, they realised that life would be easier if they could pay them back in more abundant and easily accessible kirib coins and notes instead of physical gold and silver. Thus, they decided to approach the Crown directly and develop a system that would allow them access credit for imports.
=== Decline of cash ===
During
=== End of the gold standard ===
===
The KMU's member states and their successors held a meeting in [[Sani Bursil]] in which the Bank of Staynes ceded control to the newly established [[Auroran Central Bank]] that would sit in that city. This body was an international organisation that controlled the kirib and represented all member states. To prevent the transition from causing turmoil, the ACB regulated the value of the new kirib. This era has lasted to the present day. This era saw many changes to the
When [[Salovia]] dissolved in 2005 following the [[Salovian Civil War]], [[Tuvaltastan]], [[Tivot]], [[Blueacia]], and [[Kostromastan]] adopted the kirib. The Oan Isles joined in 2017 when it joined the [[United Nations of the Auroran Continent]] and abandoned its own currency, the Oan tara. Following fears that the Matriarchy of Ethalria would attack Sani Bursil during the [[Auroran-Pacific War]], the KMU agreed to move the Auroran Central Bank to [[Tivot]]. In light of the divisions sowed by the war and a desire to reunite the continent, Great Morstaybishlia renounced its right to the ACB and the KMU voted to keep it in Tivot where it moved to a specially built skyscraper.
When the Ethalrian nations collapsed following the end of the APW, [[Faethalria]], [[Vothetria]], [[Thalria]], [[Kothalria]], [[Drakaland]] and [[Sarentria]] joined the kirib, while [[Asilica]] stayed out and used its own currency. When [[Kostoria-Obertonia]] was annexed by Faethalria that area used the kirib under Faethalria. When Kostromastan collapsed, [[Nolova]] joined the KMU while [[Volova]] continues to use the kirib unofficially. The part of Kostromastan that was absorbed by Tuvaltastan was represented by that nation. Following the unification of Vothetria and Kothalria in 2021, the [[North Ethalrian Confederacy]] adopted the kirib.
Governor Pauro Toangakau of the [[Oan Central Bank]] announced on 11 May 2021, that he would ask the [[Auroran Central Bank]] to issues a formal complaint to the Packilvanian Central Bank for "artificially under valuing" the Packilvanian dinar (the currency used by Packilvania)<ref>[[Oan News]]. 2021. CURRENCY WARS. https://forum.theeastpacific.com/oan-news-t3208-s105.html#p245538 </ref>. The PCB rebutted the Oan accusations by stating that it was within their right to regulate their currency as they saw fit but they announced that they would enter currency swap arrangements in return for favorable tarrifs (effectively defeating the purpose of the complaint).<ref>Wasail, Fukram. 2021. INTERNATIONAL OUTRAGE AT NEW CURRENCY REGULATIONS. The Crescent, Edition II. https://forum.theeastpacific.com/the-crescent-news-from-packilvania-t18460.html#p245542</ref> On May 13 2021, the complaint was submitted.
The complaint by the [[Oan Central Bank]] was that [[Packilvania]] was unfairly restricting access to its markets, that the [[Packilvanian Central Bank]] was keeping the currency low such that the [[UNAC]] was losing industries due to failure to compete with low Packilvanian prices as well as the relatively higher cost of interest for loaning money in [[Packilvanian dinar|Packilvanian dinars]] <ref>Oan News. 2021. COMPLAINT REQUEST AGAINST PACKILVANIA SUBMITTED TO THE ACB. https://forum.theeastpacific.com/oan-news-t3208-s105.html#p245594</ref>. In solidarity with the OCB, the [[North Concordian Economic Forum]] imposed sanctions on Packilvania. The PCB hit back at them and told them that they would not enter negotiations with the NCEF<ref>Wasail, Fukram. 2021. NORTH CONCORDIAN ECONOMIC FORUM IMPOSES Sanctions. The Crescent, Edition III. https://forum.theeastpacific.com/the-crescent-news-from-packilvania-t18460.html#p245553</ref>. On 14 May 2021, the PCB announced that they would raise the exchange rate for the Packilvanian dinar allegedly in response to rising commodity prices<ref>Jibrael, Malakim. 2021. PCB RAISES EXCHANGE Rate. The Crescent, Edition V. https://forum.theeastpacific.com/the-crescent-news-from-packilvania-t18460.html#p245609</ref> but observers believed that they had bowed to the international pressure.
== Physical currency ==
=== Banknotes ===
All banknotes have one standard design and they are legal tender throughout the Kirib Monetary Union. The 500 kirib banknote has gained criticism for being too large, being both an inconvenience to small institutions as well as enabling money laundering. Some nations have banned the notes altogether and require travelers to convert them to smaller notes and coins or deposit them into their accounts before entering their territory. No commemorative banknotes may be issued but a valueless 0 kirib note may be issued for numismatic purposes and to allow member states to have commemorative banknote designs. Banknotes are produced by the Staynish Banknote Company, as follows:
{| class="wikitable"
|+List of banknotes of the kirib
!Denomination
!Dominant Color
!Dimensions (mm)
!Tactile bars
!Obverse Image
!Obverse Design
!Reverse Image
!Reverse Design
!Security features
|-
|5 KRB
|Purple
|128 x 74
|1
|
|A vignette of Aurora, olive leaves and fruit, square
|
|Hippopotamus, scene of grassland, daffodils
| rowspan="5" |Holographic patch, metallic see-through thread, latent image, intaglio printing, cotton paper, UV and infrared images, Omron rings, see-through window, fabric-based paper substrate
|-
|10 KRB
|Red-orange
|134 x 74
|2
|
|A vignette of Aurora, oak leaves and acorn, hexagon
|
|Brown bear, a scene of mountains and temperate forests, pine needles and cones
|-
|20 KRB
|Brown
|140 x 74
|3
|
|A vignette of Aurora, cactus, octagon
|
|Puma, a scene of deserts, aloe
|-
|50 KRB
|Green
|146 x 74
|4
|
|A vignette of Aurora, orchid, decagon
|
|Jaguar, a scene of tropical rainforests, palm fronds
|-
|100 KRB
|Blue
|152 x 74
|5
|
|A vignette of Aurora, coral, dodecagon
|
|Whale shark, a scene of the ocean, kelp
|}
=== Coins ===
Each country has its own reverse design although all coins, regardless of the country design on the back, are legal tender throughout the Kirib Monetary Union. Countries can also request limited edition commemorative designs. Coins are produced by the Royal Staynish Mint as follows:
{| class="wikitable"
|+List of coins of the kirib
!Denomination
!Metal color
!Dimensions
!Edge
!Physical description
!Obverse Image
!Obverse Design
|-
|2 KRB
|Silver and gold
|
|
|
|
|
|-
|1 KRB
|Silver
|
|
|
|
|
|-
|50 albon
|Gold
|
|
|
|
|
|-
|20 albon
|Gold
|
|
|
|
|
|-
|10 albon
|Gold
|
|
|
|
|
|-
|5 albon
|Bronze
|
|
|
|
|
|-
|2 albon
|Bronze
|
|
|
|
|
|-
|1 albon
|Bronze
|
|
|
|
|
|}
==Governance ==
{{Main|Auroran Central Bank}}
[[File:Auroran Bank.jpg|120px|thumbnail
The kirib was formally issued by the Bank of Staynes and was established in terms of Morstaybishlian law. Other countries came to use it through bilateral treaties with Great Morstaybishlia. As the number of users grew, the currency was restructured and placed under international law through the adoption of multilateral treaties by participating nations. Now, the kirib is an international currency that is given legal effect in member states by the governments which rule them. In this process, member states comprise the Kirib Monetary Union (known colloquially as the Kiribzone) which is independent of the geopolitical organisations of the Auroran continent. The central bank of the Kiribzone is the [[Auroran Central Bank]] (abbreviated ACB). The ACB has assumed many of the functions that were undertaken by the Bank of Staynes and the central banks of participating states. It is responsible for regulating the supply, distribution, issuance, stability and exchangeability of the kirib. Member states retain authority over banking regulation, acting as the sole bankers to member states' governments, acting as the lenders of last resort in member states' financial systems and advising their governments of financial policies.
Line 68 ⟶ 220:
|-
|[[File:Axdel Flag.png|25px|link=]] [[Axdel]]
|1999
|Adopted as part of financial reforms following the fall of the Noroist government
|-
|[[File:Baykaflag.png|25px|link=]] [[
|2005-2018, 2021 ''(de facto)''
|Adopted following the dissolution of Salovia, abandoned in 2018 by the Posol regime, reverting back to the Biramuran net'a.
|-
|[[File:Yellow Lily Flag 5.png|25px|link=]] [[Blueacia]]
|1979
|Adopted following
|-
|[[File:Flag of Dragonia.jpg|frameless|25x25px]][[Dragonia]]
|
|
|-
|[[File:
|2017
|Continued use following the dissolution of the Ethalrian Republic
Line 110 ⟶ 262:
|2018
| Adopted when the Oan Isles joined the UNAC
|-
|[[File:Flag of Oceansend.jpg|frameless|25x25px]]Oceansend
|
|
|-
|[[File:Sarentria flag.png|25px|link=]] [[Sarentria]]
Line 120 ⟶ 276:
|-
|[[File:Tivotflag.png|25px|link=]] [[Tivot]]
|1978
|Adopted following the
|-
|[[File:Tuvaltflag.png|25px|link=]] [[Tuvaltastan]]
Line 131 ⟶ 287:
|
|}
As of April 2021,
* The [[Grand Matriarchy of Ethalria]] stopped using the kirib when it was dissolved and divided into the [[Ethalria (Republic)|Republic of Ethalria]] and [[Ethalria (Matriarchy)|Matriarchy of Ethalria]] which continued using the currency after its dissolution.
Line 137 ⟶ 293:
*Thalria stopped officially using the kirib when it became a communist state in 2019, but the currency is still used unofficially.
*[[Vothetria]] and [[Kothalria]] stopped using the kirib when they lost their status as independent nations and became part of the North Ethalrian Confederacy.
*[[
*[[Noroist Axdel]] stopped using the Kirib when it gained independence from Morstaybishlia, with the temporary 'Axdelian Kirib' being officially replaced by the Lecrant in 1976 after the end of the Auroran Imperial War. [[South Lyrevale]] adopted the Lecrant in the same year
== Exchange rate==
The
{| class="wikitable"
|+Average exchange rate by year
! Year
!Kirib
! SHD
![[Southeast Yasterian Recan]]
!Salovian Net'a
!Oan tara
![[United Krone]]
![[Jade Nudo]]
![[Red Krone]]
![[Tretridian Pound]]
![[Vekaiyun veskono]]
![[Packilvanian dinar]]
|-
|2022
|1
|1
|
|No longer in use
|No longer in use
|2
|
|
|
|
|
|-
|2021
|1
|1.00
|
|No longer in use
|No longer in use
|2
|
|
|
|
|125
|-
|2020
|1
|0.99
|
|No longer in use
|No longer in use
|1.99
|
|
|
|
|128
|-
|2019
|1
|0.98
|
|No longer in use
|No longer in use
|1.98
|
|
|
|
|132
|-
|2018
|1
|0.97
|
|No longer in use
|7.57
|1.97
|
|
|
|
|143
|-
|2017
|1
|0.95
|
|No longer in use
| 7.52
|1.95
|
|
|
|
|127
|-
|2016
|1
|1.01
|
|No longer in use
| 7.48
|2.02
|
|
|
|
|178
|-
|2015
| 1
|1.00
|
| No longer in use
|7.36
|2
|
|
|
|
|167
|-
|2014
|1
|1.00
|
|No longer in use
|7.21
|2
|
|
|
|
|153
|-
|2013
|1
|1.00
|
|No longer in use
|7.18
|2
|
|
|
|
|155
|-
|2012
|1
|1.03
|
| No longer in use
|6.93
|2.06
|
|
|
|
|129
|-
|2011
|1
|1.00
|
|No longer in use
|6.81
|2
|
|
|
|
|120
|-
|2010
|1
|0.98
|
| No longer in use
|6.34
|1.98
|
|
|
|
|119
|-
|2000 to 2009
|1
|0.97
|
| No longer in use
|6.53
|1.94
|
|
|
|
|115
|-
|1990 to 1999
|1
|1.00
|
|153.00 <br/><small>(Last Official use in 1992)</small>
|6.89
|2
|
|
|
|
|110
|-
|1980 to 1989
|1
|0.97
|
|87.00
|7.10
|1.94
|
|
|
|
|98
|-
|1970 to 1979
|1
|0.95
|
|5.50
|7.45
|Did not exist yet
|
|
|
|
|94
|-
|1960 to 1969
|1
|1.12
|
|5.38
| 7.73
|Did not exist yet
|
|
|
|
|83
|-
|1950 to 1959
|1
|1.17
|
|5.47
|8.17
|Dod not exist yet
|
|
|
|
|75
|}
==References==
<references />
|