Renasian pecune

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Renasian Pecune
100px
100px
Official usersFSRenFlag.png Free State of Renasia
Pegged toVariable
Symbolþ - Pecune, ° - Meta
CodeRPC
PluralPecunes / Pecuna
Sub-unitMetas (proposed)
Coins1° 10° 1þ
Banknotes1þ, 5þ, 10þ, 20þ, 50þ
Central bankFree Central Bank, Renasia
PrinterFree Central Bank, Renasia
Mint RenTech Minting

The pecune is the currency unit utilised by Technocratic Renasia, and now its successor, the Free State of Renasia created by Jacob Tierney just after the birth of the nation between 8 September and 10 September. It has a proposed subunit, the Meta, not yet realised in any form. It is proposed every Pecune would break down into 100 Metas.

It is a majorly banknote based currency, with only one coin currently planned. Each note shows on the obverse the likeness of a famous Scientist or Mathematician, their signature, and a quote from the relevant persona to inspire the values that made these men great into the hearts of the population.

The currency is backed by the silver reserve, with each Pecune only one nth of the treasury silver's net worth at a point where n Pecunes are in circulation. Currently, only the 1þ, 5þ, 10þ and 20þ notes are to be issued on an initial printing in October 2011, with the 50þ being added once the net worth of treasury silver reaches £150, when one will be printed, and one for every £100 added there after.

The notes are to be printed on professional grade cotton paper, sized with gelatine, and with security "call numbers" and inks to prevent copying.

Devaluation of 2012

The Pecune was devalued in 2012, as the amount of silver they were back by was cut buy 52%. This, in turn, was traced to the fact that the first Pecune coins were being minted, and these contained 0.48g of silver inherently. The Government decided this amount of silver made an acceptable level of backing, and this redefined the entire system of worth in the currency to comply to these new standards

Banknotes

2011/2012 Series

Obverse Reverse Value Dimensions Main Character Quote
150px 150px 7.27 x 17.37 cm Isaac Newton "If I have been able to see further, it was only because I stood on the shoulders of giants"
150px 150px 7.27 x 17.37 cm Charles Darwin "It is not the strongest of the species that survives, nor the most intelligent that survives.It is the one that is most adaptable to change"
150px 150px 10þ 7.27 x 17.37 cm Bertrand Russell "I believe in using words, not fists. I believe in my outrage knowing people are living in boxes on the street. I believe in honesty. I believe in a good time. I believe in good food."
150px 150px 20þ 7.27 x 17.37 cm Albert Einstein "Everything that can be counted does not necessarily count; everything that counts cannot necessarily be counted"
150px 150px 50þ 7.27 x 17.37 cm Carl Sagan "It is far better to grasp the Universe as it really is than to persist in delusion, however satisfying and reassuring"

2012/2013 Series

Obverse Reverse Value Dimensions Main Character Unit/Equation
FSR1pfront.png FSR1pback.png 7.27 x 17.37 cm Nikola Tesla T = Wb/
FSR5pfront.png FSR5pback.png 7.27 x 17.37 cm Blaise Pascal Pa = N/
FSR10pfront.png FSR10pback.png 10þ 7.27 x 17.37 cm Michael Faraday F = J/
FSR20pfront.png FSR20pback.png 20þ 7.27 x 17.37 cm James Watt W = V/Ω²