Efrasachin Fraseta
| Efrasachin Fraseta | |
|---|---|
 | |
| ISO 4217 | |
| Code | EFR |
| Denominations | |
| Plural | Efrasachin Frasetas |
| Symbol | Fr |
| Nickname | Ole Blue |
| Banknotes | 5 Frasetas, 10 Frasetas, 20 Frasetas, 50 Frasetas, 100 Frasetas |
| Coins | 25 Raiteros, 50 Raiteros, 1 Fraseta, 2 Frasetas |
| Demographics | |
| User(s) | Kingdom of Efransa |
| Issuance | |
| Central bank | Reserve Bank |
| Mint | Royal Mint |
| Valuation | |
| Pegged with | American Dollar |
The Efrasachin Fraseta is the official currency of the Kingdom of Efransa. The Fraseta was created in April of 2019 as the currency of Efransa. The Fraseta is divided into 100 Raiteros, a principle that was established a year after the Fraseta.
Etymology
Fraseta derives from a portmanteau the former French Franc and the former Spanish Peseta. The Raitero is named in part after the Venezuelan Petro, as it was historically a developmental cryptocurrency.
Units
Frasetas are the paper currency of Efransa. One Fraseta is divided into 100 Raiteros.
History
The Fraseta has been the official currency of Efransa since the rapid development in May 2019. The Fraseta had been a currency in name only, with some proposed designs until May 9, 2020, when it underwent development and its first exchange rate was established.
The Raitero was initially the cryptocurrency of Efransa, named in part after the Venezuelan Petro. The Raitero became the subunit of the Fraseta when Efransa resurfaced in April 2020.
Value
The Fraseta is considered by the King and the Superintendent of the Reserve Bank to be worth 60 American cents or one pickle. A jar of pickles may be traded for five Frasetas.
Exchange Rates
The only currently established and known exchange rate with the Fraseta is with the United States Dollar. People may trade 60 cents for one Fraseta, or one jar of pickles for five Frasetas. (As of 5/9/2020)