Nucilandian veva
| Nucilandian veva | |
|---|---|
.png) 1 Nucilandian nucșoară coin | |
| ISO 4217 | |
| Code | NLV |
| Denominations | |
| Subunit | |
| 1/100 | nucșoară (english: nutmeg) |
| Plural | Nucilandian vevas |
| Symbol | ₦ |
| nucșoară (english: nutmeg) | ø |
| Demographics | |
| User(s) | Nucilandia |
| Issuance | |
| Mint | Nucilandian Mint |
| Valuation | |
| Inflation | 2.5% |
The Nucilandian veva (Romanian: Vevă nucilandeză) is the official currency of Nucilandia. It was introduced in 2020, replacing the previous currency (MRL), and has since become an integral part of the country's economy. The word "veva" is derived from the Romanian word "veveriță," which means squirrel. This name was chosen to reflect the significance of squirrels in Nucilandian culture and wildlife.
History
The Nucilandian veva was first established as the official currency of Nucilandia following the country's adoption of monarchy in 2020. The decision to name the currency "veva" was made to honor the importance of squirrels in Nucilandian folklore, as well as the the Holy Walnut.
Design
The symbols and imagery used on Nucilandian veva banknotes and coins prominently feature squirrels. These designs were carefully chosen to showcase the unique wildlife found in Nucilandia and celebrate the country's culture and principles. The banknotes depict different species of squirrels, each representing a specific denomination. Similarly, the coins also feature squirrel motifs, with varying sizes and designs depending on the denomination.
Denominations
The Nucilandian veva is subdivided into 100 nucșoare (symbol: ø). The coins currently in circulation include ø1, ø5, ø10, ø25, and ø50, while the banknotes are available in denominations of ₦1, ₦5, ₦10, ₦20, ₦50, and ₦100.
Issuance and Regulation
The Nucilandian Mint is responsible for the production and issuance of Nucilandian veva coins, while the Bank of Nucilandia oversees the printing and distribution of banknotes. These institutions work together to maintain the integrity and stability of the currency within the Nucilandian economy.
Usage
The Nucilandian veva is the sole legal tender in Nucilandia and is widely accepted throughout the country. It is used for all types of transactions, including purchases of goods and services, as well as payments of taxes and utilities.
Exchange Rate
The Nucilandian veva is not pegged to any other currency, and its exchange rate is determined by market forces. The value of the veva can fluctuate in response to various economic factors, including supply and demand dynamics, interest rates, and inflation.