Kirib: Difference between revisions
no edit summary
No edit summary Tags: Mobile edit Mobile web edit Visual edit |
No edit summary Tags: Mobile edit Mobile web edit Visual edit |
||
Line 57:
=== 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. [[Lyrevale]] and [[Quartz Fern Coast|Quarts Fern Coast]] ceased to be members when they were incorporated by [[Axdel]]. 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 [[Salovia]] dissolved in 2005 following the [[Salovian Civil War]], [[Tuvaltastan]], [[Tivot]], [[Blueacia]], [[Kostromastan]], and [[Baykalia]] 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.
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.▼
When the Ethalrian nations collapsed following the end of the APW, [[Faethalria]], [[Vothetria]], [[Thalria]], [[Kothalria]], [[Durentria]] 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.
▲
== Physical currency ==
| |||