Kirib: Difference between revisions

| using_countries = [[Axdel]]<br>[[BaykaliaBiramura]]<br>[[Blueacia]]<br>[[Dragonia]]<br>[[DurentrusDrakaland]]<br>[[Emberwood Coast]]<br>[[Faethalria]]<br>[[Great Morstaybishlia]]<br>[[Nolova]]<br>[[The Oan Isles|Oan Isles]]<br>[[Sarentria]]<br>[[Tivot]]<br>[[Tuvaltastan]]<br>[[Yor]]

| replaced_currency = {{unbulleted list|Oan tara ([[The Oan Isles]])|Net'a ([[BaykaliaBiramura]], [[Tuvaltastan]] and [[Tivot]] )|Galleon ([[Dragonia]] and [[Oceansend]])}}

The '''Kirib''' (symbol: ♅; ISO code: KRB) is aan [[Reserve currency|alpha world reserve]] multinational currency used by countries of the continent of [[Aurora]]. The words kirib and albon originally referred to units of measurement for gold and silver in the Kingdom of Morstaybishlia. Merchant banks issued kirib certificates and coins based on gold and silver reserves. In 1422, the Kingdom of Morstaybishlia established the kirib as a currency which consisted of 128 albons. The Bank of Staynes was established shortly after to control the currency. With [[Great Morstaybishlia]] entering into agreements with other nations to enable them to use the kirib as their currency, the Kirib Monetary Union was formed. 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.

During the reign of King [[Galfridus]], electronic lectronic systems emerged that made it easier for people to communicate and usurped the telegram. They had the effect of making banking vastly easier and reducing the dependence on physical currency for large transactions. In 1969, the [[Noroist Axdel|Noroist Republic of Axdel]] seceded from Great Morstaybishlia, and whilst plans were being drawn for its own independent financial system it tentatively continued to officially remain in the Kirib Monetary Union, with transactions using the provisional 'Axdelian Kirib'. The consequent [[Auroran Imperial War]] was incredibly costly for the Bank of Staynes. Now, it was not individuals and business that would demand gold and silver, but entire governments. The Bank of Staynes dreaded the probability that the Kirib Monetary Union would effectively collapse. Moreover, the member states of the Kirib Monetary Union were on opposing sides of the war. Thus, the Bank of Staynes declared monetary neutrality, protecting the hard currency balances of participating states even if they were not allies of Great Morstaybishlia. This drew a lot of public criticism against the bank both from within Great Morstaybishlia who felt that the Bank of Staynes betrayed them and by foreigners who felt that the Bank of Staynes could be manipulated by the Morstaybishlian government to their detriment. When the war ended, all of Morstaybishlia's enemies werehad defeated.been Butdriven to capitulation or stalemate, but with change occuring rapidly it wanted to prevent theany collapse that would lead to instability in the KMU. Thus, it was decided that the value of kiribs would no longer be fixed to gold at all - effectively ending the gold standard. Instead, the demand and supply forces on commercial markets would dictate how much it was worth. Moreover, gold and silver as means for transactions were totally banned, relegating them to assets as any other. [[Emberwood Coast]], [[North Lyrevale]] and [[Quartz Fern Coast]] formally joined the KMU in 1975, whilst Axdel and South Lyrevale formed their independent monetary system using the Lecrant.

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 kiribKirib. The [[Ethalria (Republic)|Republic of Ethalria]] and the [[Ethalria (Matriarchy)|Matriarchy of Ethalria]] joined the kirib in 1975 as the [[Grand Matriarchy of Ethalria]] was dissolved. When [[SaloviaLyrevale]] dissolved in 2005 following theand [[SalovianQuartz CivilFern WarCoast]], [[Tuvaltastan]],ceased [[Tivot]],to [[Blueacia]],be [[Kostromastan]], and [[Baykalia]] adopted the kirib. The Oan Isles joined in 2017members when itthey joinedwere theincorporated [[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 theby [[Auroran-Pacific WarAxdel]], thewhich 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 itrejoined in Tivot where it moved to a specially built skyscraper. When the Ethalrian nations collapsed1999 following the end of the APW, [[Faethalria]], [[Vothetria]], [[Thalria]], [[Kothalria]], [[Durentrus]] and [[Sarentria]] joined the kirib, while [[Asilica]] stayed out and used its ownfinancial currencyreform. 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.

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|[[File:Baykaflag.png|25px|link=]] [[BaykaliaBiramura]]

|Adopted following the dissolution of Salovia, abandoned in 2018 by the Posol regime, reverting back to the Biramuran net'a.

|[[File:DurentrusDrakaland flag.png|25px|link=]] [[DurentrusDrakaland]]

As of April 2021, noonly nationsone havenation (Biramura) has withdrawn from the kirib while they were independent. All the nations which stopped using the kirib did so because they were legally dissolved or annexed by another state. These are:

*[[Lyrevale]] stopped using the kiribKirib whenafter itthe lost[[Lyrevale itsContinuation independenceWar]] wasand annexedthe byact of federation with Noroist Axdel.

The kiribKirib was linked to precious metal reserves of the Bank of Staynes for most of its history. With the start of the industrialisation of mainland Aurora, this became untenable and thus the kirib became a solely representative currency for precious metal deposits held by the Bank of Staynes. The metal reserve standard was abandoned in the 20th century and the currency became a fiat currency. It adopted a managed float regime during its transition. Following the fading out of the managed float regime, it has been controlled entirely by market forces through the adoption of a free-floating exchange regime. The average exchange rate of the kirib to major world currency has been as follows:

![[Southeast Yasterian Recan]]

![[United Krone]]

![[Jade Nudo]]

![[Tretridian Pound]]

![[Vekaiyun veskono]]

![[Packilvanian dinar]]

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