Remainian valorem
Jump to navigation
Jump to search
 | This article may require cleanup to meet MicroWiki's quality standards. |
| Valorem | |
|---|---|
| ISO 4217 | |
| Code | RVC |
| Denominations | |
| Plural | Valorems |
| Symbol | ℣ |
| Banknotes | ℣50, ℣100, ℣500, ℣1,000 |
| Coins | ℣½, ℣1, ℣2 |
| Demographics | |
| User(s) | The Parlimentary Republic of Remland |
| Issuance | |
| Central bank | Remainian National Treasury |
| Printer | Remainian National Treasury |
| Valuation | |
| Pegged with | $0.01 USD |
The Valorem (sign: ℣; code: RVC) is the official currency of Remland. It was created on 4 April 2018 as result of the Treasury and Currency Act. The maximum amount allowed in circulation equates to the amount of US Dollars in reserve, with a 0.001% to 0.01% monthly inflation rate being allowed, but not manditory.
Etymology
The word Valorem is a direct translation of the world value to latin.
Banknotes
All banknotes of the Remainian Valorem are single-sided, due to limited priting capabilities.
| Banknotes | ||||||||||||
| Picture | Value | USD Exchange Rate | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
℣50 | $0.50 | ||||||||||
|
℣100 | $1.00 | ||||||||||
|
℣500 | $5.00 | ||||||||||
|
℣1,000 | $10.00 | ||||||||||
Coinage
While very crude, Valorem coins are currently in circulation, with denominations of ℣½, ℣1, and ℣2. The amount of coinage in circulation is limited due to the coins needing to be manually manufatured. Currently, no means of advanced minting are available.