Lasetian Mark
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Lasetian Mark | |
---|---|
Lasetische Mark | |
![]() 5.000 mark note, the highest in circulation. | |
IMSO 2 | |
Code | LSM |
Denominations | |
Subunit | |
1⁄100 | Cent |
Plural | Marks |
Symbol | LM |
Cent | c |
Nickname | Mekke |
Banknotes | |
Freq. used | 10 Mark, 20 Mark, 50 Mark, 100 Mark, 500 Mark |
Rarely used | 1 Mark, 5.Mark, 1.000 Mark, 2.000 Mark, 5.000 Mark |
Demographics | |
Date of introduction | 31 July 2023 |
User(s) | State of Lasetia |
Issuance | |
Central bank | Nationalbank Lasetien |
Printer | Lasetian Printer Agency |
Valuation | |
Inflation | 0% (6% Euro) |
Pegged with | Euro at 100 LM=1€ |
The Lasetian Mark (sign: LM; code: LSM) is the official currency of Lasetia. It is currently issued and printed by the Nationalbank Lasetia. Its current value is about 1:100 to the Euro meaning that 1 Mark is worth 1 Cent.
History
The Lasetian Mark was established on 31 July 2023 by the Lasetian President as part of measures aimed at distancing Lasetia from the German Economy. It is pegged to the Euro at the rate of 1 EUR = 100 LSM. The current design was first printed on 1 August 2023 and entered circulation on 1 September 2023.