Sinoek
| Sinoek | |
|---|---|
 | |
| ISO 4217 | |
| Code | GVS |
| Denominations | |
| Symbol | ЕК, PJ |
| Demographics | |
| User(s) |  Federal Republic of Grebna and Vonerebna |
| Valuation | |
| Pegged with | 1.5 CD (Cookie dough) |
Sinoek is the official currency of Federal Republic of Grebna And Vonerebna and has been since May 15, 2021, the currency was created with a value of 1 sinoek = US$1. However, in the finding of iron in the country, sionoek's price started to rise, and in the dates June 5- July 7 1 Sinoek was equal to US$4.25, However, after a national shortage in which the Sinoek lost its value, to only about US$0.25, It stayed that way until September 15 when a new national bank was constructed, Sinoek got back its value with 1 Sinoek= US$1.71, Currently Sinoek's symbol is EK, with the new currency system as of 5 November 2022, There are 6 Federal public notes of 1EK, 5EK, 10EK, 20EK, 50EK and 100EK. Then are the federal reserve notes: only produced once a year in May for more expensive purchases, those being the 500EK and 1000EK. Which only have 30 copies in the entire country. There are also the coins called "Rakanj" (Раканј). a total of 7, those being the 1РЈ, 5РЈ, 10РЈ, 50РЈ, and rakanj version of 2EK. The banknotes are produced all over the country (excluding the federal reserve notes and the rakanj, produced only in Vityok). It is easy to identify which state a banknote is from, most easily by the language the banknote is written in. If it is in English, then it is from Grendaria, if it is Bulgarian, it is from Lozebna or Haskoy, if it is Balkan, it is from Haskoy, and if it's in Serbian, its from Vityok
Deeper origin of the Sinoek
Sinoek Is also the official Balkan word for "money" Before the sinoek, the Bulgarian Lev and the Serbian Dinar were the official currencies, however after the Dinar's inflation in 2021 and an unstable bank in Bulgaria, the Grebnars took matters into their own hands. With permission from the then Duke, they announced the Sinoek as the new officiall currency of the Federal Republic of Grebna and Vonerebna On June 10, 2021, At first 1 Sinoek was equal to about 1 Euro cent, however after the Grebnars went to Christmas bazars in Sofia, exchange rates back in Grebna were rising, over the time, different markets and pazars opened across the country, and abroad as well, as of today 4 Grebnar companies have headquarters in Bulgaria, which has caused the Sinoek to rise a lot and as of today, 1 EK worth at around 2.92 Euros
Inflation status
2021 Inflation:under control, lost 4 cents worth of value 2022 Inflation: Avoided, 0 Lost centts worth of value 2023 Likely no inflation 2024 Most likely an inflation 2025(and beyond) no data