Red Krone
The Red Krone (symbol: ¥; code: RKR) is the official currency of 7 out of the 7 member states of the Red Crown Economic Union (RCEU). The collection of states using the Red Krone known as the InterUnion zone or officially "Red Krone Zone of Use and Acceptance."
| Red Krone | |
|---|---|
| Fraknic: Couronne Rouge Staynish: Red Krone | |
 | |
| ISO 4217 | |
| Code | RKR |
| Number | 392 |
| Denominations | |
| Plural | Red Kroner |
| Symbol | ¥ |
| Nickname | Benders |
| Banknotes | |
| Freq. used | ¥1,000, ¥5,000, ¥10,000 |
| Rarely used | ¥2,000 |
| Coins | |
| Freq. used | ¥1, ¥5, ¥10, ¥50, ¥100, ¥500 |
| Rarely used | ¥2, ¥4, ¥6, ¥8 |
| Demographics | |
| Date of introduction |
|
| User(s) | Federation of the Southern Coast, Nystatiszna, Kuduk, Zemeprievadai, Auravas, Ny’Natrotomi and Ymirland |
| Issuance | |
| Central bank | InterUnion |
| Printer | see § Banknote printing |
| Mint | see § Coin minting |
| Valuation | |
| Value | 1 SHD = 100 KRK |
| Pegged by | Banian Dollar |
The currency is also used officially by the institutions of the Red Crown Economic Union, according to the latest census by members of the RCEU there is currently over 179 million people using the Red Krone as it's primary currency.
The Red Krone originally was used exclusively by the Federation of the Southern Coast until the formation of the Red Crown Economic Union and the adaptation of member states to using the Red Krone. The Red Krone has been frequently used as a reserve by rural and undeveloped nations or nations, such as Helslandr primary through Federation and RCEU aid missions or projects. It has been a used a reserve currency in other more stable and wealthier nations such as Pledonia, Nakosa, Eyjaria and Federation of Bana.
History
Kaskada Conference
The Kaskada Conference was meeting held in Uravin, Auravas in the 1984 to discuss creation of a monetary union between Federation, Auravas and Zemeprievadai. Conference existing before the creation of the Red Crown Economic Union, the historically close nature of the three nations as well the heavy trade relations and investment from Federation led to a reserve of Red Krone within the two nations. The Red Krone has been historically strong and stable currency compared to the other two nations, leading to further faith in creating a monetary union between the three nations. The conference led to the foundation and future mechanisms used by the RCEU and the Central Bank of the RCEU, InterUnion.
Korćetta, notably condemned the conference. Stating it was method of Federation imperialism, confusing many of the attends to the conference.
Paratani Aid Programs
Federation of the Southern Coast in the 1967 spend a considerable amount in aid to the Ny’Natrotomi republic, due to the Urthquake during the rain seasoning causing considerable damage to the undeveloped and rural nation. The large amounts of Red Krone flooding into the Paratani economy primary was used for educational and rebuilding programs, as well insurance payouts to Tavari business owners who suffered greatly due to the situation. The aid program by the Federation has been cited as the start of Federation involvement into the country, as well as the beginning of Côtois investment into the country pushing the Rochefort model onto the country which heavily promoted the used of the Red Krone. Resulting in Red Krone being the third largest reserve currency in the country behind the Banian Dollar and the Tavari Našdat in 1972. Throughout the years, the Red Krone grew to be the largest reserve currency within the Akuan Republic by 1992.
Creation of the InterUnion and the RCEU
Nickname and Slang
Red Krone was nicknamed "Benders" by original users of the currency the Federation of the Southern Coast, primary due to the early history (1920-1927) of the currency's coins "bending" in your pocket due to the metal alloy used at the time to produce the coins. Nowadays, the coins are made with a strong metal alloy to prevent bending however the nickname of "Benders" or "Bendies" has historically stuck.
| Amount | Nickname (Frakanic) |
|---|---|
| ¥1 | Sou |
| ¥2 | Kascer |
| ¥4 | D'Kasza |
| ¥100 | Plie |
| ¥500 | Repérer |
| ¥1,000 | Repas |
| ¥5,000 | Cygne |
| ¥10,000 | Gyllir |