Kirib: Difference between revisions
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[[Category:Aurora]] [[Category:Dylan's links]] [[Category:Currency]]
{{Infobox currency
| using_countries = [[Axdel]]<br>[[
| iso_code = KRB
| iso_number = 001
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| issuing_authority_title = Central bank
| issuing_authority_website = acb.caek
| replaced_currency = {{unbulleted list|Oan tara ([[The Oan Isles]])|Net'a ([[
}}
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In the reign of King [[Thadeus I]], the [[Great War]] began which was incredibly expensive and it required the Treasury of Morstaybishlia to borrow incredible amounts of gold and silver from the Bank of Staynes to pay for the war effort. People became increasingly worried that the kirib would become virtually worthless and started queueing at banks demanding that their kirib notes and coins be redeemed for gold and silver. The Crown immediately banned the use of gold and silver in everyday transactions. This had the effect of making the kirib a representative currency. Thus, people were forced to hold on to their kirib denominated assets, preventing a massive run on the banks that would have crippled the economy. People were free to pay their taxes in kiribs instead of precious metals and banks expected kiribs instead of precious metals and payments for loans. Furthermore, the government could channel these resources to fighting the war and supporting its allies in the Imperial Powers. This did not mark the end of the gold standard but withered the everyday applications of this standard except on a macroeconomic and national level. It catalysed further modernisation and reforms under the reign of King [[Thadeus II]].
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
=== United Auroran era ===
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 Kirib. 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. [[Lyrevale]] and [[Quartz Fern Coast]] ceased to be members when they were incorporated by [[Axdel]], which rejoined in 1999 following financial reform.
When [[Salovia]] dissolved in 2005 following the [[Salovian Civil War]], [[Tuvaltastan]], [[Tivot]], [[Blueacia
When the Ethalrian nations collapsed following the end of the APW, [[Faethalria]], [[Vothetria]], [[Thalria]], [[Kothalria]], [[
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.
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|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]]
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|-
|[[File:
|2017
|Continued use following the dissolution of the Ethalrian Republic
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|}
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.
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!Salovian Net'a
!Oan tara
![[
![[Jade Nudo]]
![[Red Krone]]
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|No longer in use
|No longer in use
|2
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|No longer in use
|No longer in use
|2
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|No longer in use
|No longer in use
|1.99
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|No longer in use
|No longer in use
|1.98
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|No longer in use
|7.57
|1.97
|
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|No longer in use
| 7.52
|1.95
|
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|No longer in use
| 7.48
|2.02
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| No longer in use
|7.36
|2
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|No longer in use
|7.21
|2
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|No longer in use
|7.18
|2
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| No longer in use
|6.93
|2.06
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|No longer in use
|6.81
|2
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| No longer in use
|6.34
|1.98
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| No longer in use
|6.53
|1.94
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|153.00 <br/><small>(Last Official use in 1992)</small>
|6.89
|2
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|87.00
|7.10
|1.94
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|5.50
|7.45
|Did not exist yet
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|5.38
| 7.73
|Did not exist yet
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|5.47
|8.17
|Dod not exist yet
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