Los Bay Petrosian ruble
|Los Bay Petrosian Ruble
|Los Bay Petrosian Rubles
|10ɍ, 20ɍ, 50ɍ, 100ɍ, 200ɍ
|50p, 1ɍ, 2ɍ, 5ɍ, 10ɍ
|Federal Republic of Los Bay Petros
|Bank Negara Los Bay Petros
|Bank Negara Los Bay Petros
|Los Bay Petrosian Coinage & Banknote Printing co.
|1250 Indonesian Rupiah
The Los Bay Petrosian Ruble (Russian: рубль) (code: LPR) is the currency of the Federal Republic of Los Bay Petros and unofficialy used in the Republic of Shuffle and Republic Moslem Irlandica States. The ruble is subdivided into 100 Petrosins. Los Bay Petros formerly used Los Bay Petrosian Dollar as their currency, but after an analysis that showed Los Bay Petrosian purchasing power is low, the Los Bay Petrosian government decided to change it's currency into the Rubles.
There are various symbols have been put forward as possibilities for symbols of the Ruble, like RL, R, and RBL. The Ruble itself is a part of the joint program of Economical Revival Project and the first stage of First Three Months Development program which has been implemented since September 2011.
The currency circulation in Los Bay Petros has been implemented as the component of the Ministry of Economical Affairs since a week after the foundation of Los Bay Petros. On October 25 2010 the Ministry of Economical affairs starting to circulates the old Los Bay Petrosian Money (M). The economical movement itself is low because of two major conflicts that occured (National Uprising and Civil War).
On the aftermath of the Civil War, with the newly reshuffled cabinet, the government decided to change the currency into the Dollar (LBD/$) with an artificial rate of 1$:1US$. This action itself done so that the Los Bay Petrosian economy would sustain it's stregth in the end of suffering civil war. With a speculation in that time, the Los Bay Petrosian economy will regain it's strength that has been lost after the war.
In the third cabinet-era, the government shuts down the artificial rate status of the Dollar and
starting to run a new exchange rate according in both of Los Bay Petrosian and Indonesian economical strength. The program is successful, and at its peak, Los Bay Petrosian Dollar rate rise up to Rp 10750 per Dollar. And also, Los Bay Petrosian Dollar is one of the leading micronation who uses watermark as their security features.
But, after the part one of the Los Bay Petrosian - Shuffle War, an analysis showed that the Los Bay Petrosian purchasing power weakened and the rate of the Dollar couldn't help much at the problem.
"If the currency rate doesn't stabilizes and balanced with the Los Bay Petrosian purchasing power, our economic strength will slowly decreases."— Rafi Farhanto, Secretary of State.
And from the statement the Secretary of State issued, the statement itself become the material to the consideration for the Ministry of economy to replace the currency to stabilize the economy.
Finnaly, on September 27 2011 the government decided to change the currency for the second time to the present-day Ruble and declaring the old Dollar obsolete. The Ruble itself uses a peg of Rp 1250 per Ruble, the government itself stated that they use the new but low rate to stabilize the economy and balancing the currency itself with the Los Bay Petrosian purchasing power.
Currently circulating Los Bay Petrosian banknotes date from the first series (1 to 50000) rubles to the current 2012 edition. The old dollar notes have no longer been legal tender since September 27, 2011 (but will be exchangeable until May 1, 2012). Earlier notes are also no longer legal tender, due to the lack of security features.
As the smallest current circulating note (1 and 2 ruble) is worth approximately US$0.10 or 0.20 Austral franc. The government initially announced that this would change, with a 5 ruble note to replace the 1 and 2 ruble, with that denomination replaced by a coin. After a long delay, this proposal was revised so that the new 5 ruble banknotes was launched by on March 3 2012 alongside the new series, with the banknotes circulating as legal tender from March 3, 2012, but without withdrawing the 1 and 2 ruble note.
|Dasakatriya Handha Prakasa
|Governor of the Central Bank
|October 12 2012
|Republic Flag of Los Bay Petros flying
Los Bay Petrosian aeronautics
|Los Bay Petrosian flag ceremony
Alessandro Syafei Rashid
|Dasakasatriya Handha Prakasa
|All banknotes printed in Los Bay Petrosian Coinage & Banknote Printing co.
The Los Bay Petrosian Ruble subdivision is the Petrosin, which is the same as the old Dollar's subdivision. 1 Petrosin is equal to 1/100 Ruble. But due to its low value, only 50p coins are in circulation.
The current Petrosin coins was launched on October 12, 2012.
|Coat of arms of Los Bay Petrps
Years of Los Bay Petros
States of Los Bay Petros
At the starting of the legalisation of the Ruble as the official currency of Los Bay Petros in September 2011, the official rate the was given by the government is 1,250 Indonesian Rupiah to 1 Ruble. Los Bay Petrosian Ruble last value update on December 2011, showing the exchange rate of the Ruble. They are:
|Source: Bank of Los Bay Petros, Dredim branch database
|United States dollar
|Dale Empire Pound
|Currency of the Federal Republic of Los Bay Petros
|September 27th 2011 - Incumbent
Available micronational languages: