Ultamian katane

Ultamian Katane
ISO 4217
Code	ULK
Denominations
Symbol	K
Banknotes	t5, t10, t25, t50, K1, K5, K10, K20, K50, K100, K500, K1,000 (bank transactions only)
Coins	None
Demographics
User(s)	Kingdom of Michrenia
Issuance
Central bank	Unknown
Printer	Unknown
Valuation
Pegged with	2 US dollars

The Ultamian Katane was the national currency of the Republic of Ultamiya, and later by the Kingdom of Michrenia. It was introduced on April 21, 2010, with denominations of 1, 5, and 10. One Katane is pegged to the value of 2 United States dollars. Its subunit is the Taneda.

Origin

While President David was browsing the internet, he came upon the Molossian Valora. Scanning the page, he agreed that Ultamiya should also have a national currency.. He drafted, with pen and crayon, Katane with denominations of 1, 5, and 10 on April 21 and taped them to some coins he found.

Minting

The following day, He then designed them in MS Paint and, by himself, printed, cut out, and glued all of the obverse and reverses to the selected coins. Though some flaws on the coins, like ripping, were noted, the national symbol and denomination were still visible on all of the coins.

Bills

The President introduced the 20 Katane bill on May 21, following a recommendation by an interviewer he was talking to. All the bills used tape to hold the obverse and reverse together, as to avoid the disaster the coins made of themselves. On May 28, a week later, he made 6 of the bills, officially inaugurating the bill project. The 50 Katane was introduced on May 29, and issued on June 7. The 100 Katane was introduced on June 7, and released on June 16. The 500 Katane was introduced on June 16, and was issued a week later.

Subunit

On January 9, 2011, the President announced the creation of a subunit, the Taneda. He issued the t50 coin that evening, and did the same with the t25 and t10 the next two. Like the bills, the coins are flat, with the sides taped together.

A Revolution

On March 28, 2011, research began on a method to print bills with both obverse and reverse on one sheet. David got right to work on this new development and began tinkering with the page setup options and tested until he could find working dimensions. The right combination was found at approximately 9:30 PM the next day, and was announced about 15 minutes later. The first bills to be mass produced using this method were 102 5 Katane bills, 6 being printed among 17 sheets. The new method reduced the time to mint 6 bills from 15 to 3 or 4 minutes, since no tape is required, and the paper needed by three quarters. The President also announced that any new bills made with the tape method would be rendered null and void.

Following denominations

Though David was finished with his contributions to the Katane system, UAR Lieutenant General Mikaila wished to prove his bit as well. On February 25, 2012, he visited the Government House with a proposal of making a K1,000 bill. The President quickly produced the bill on Paint and the two, continuously altering the margin dimensions, managed to match up the obverse and reverse after 17 attempts. The six bills were cut out and stored in the treasury.

Closer to midnight, the President announced that the bill would not be released to the public, and would only be used for bank transactions.

On September 14, the 2012 Taneda Conversion Act was signed, converting all subunit denominations into bill format and adding a 5 Taneda denomination as the final expansion of the Katane. The bills were created and minted between September 14 and 15.

Series 2010 (1st Edition)

Denomination	Obverse	Reverse	Color	Issue Date	Order of Issue
10 Taneda	(Obverse in same format for all coins)		Gold	January 11, 2011	10th
25 Taneda			Pink	January 10, 2011	9th
50 Taneda			Light Blue	January 9, 2011	8th
1 Katane			White	April 22, 2010	1st
5 Katane			Red	April 22, 2010	1st
10 Katane			Blue	April 22, 2010	1st
20 Katane			Green	May 28, 2010	4th
50 Katane			Yellow	June 7, 2010	5th
100 Katane			Orange	June 16, 2010	6th
500 Katane			Purple	June 23, 2010	7th

Series 2011 (2nd Edition)

On February 13, 2011, the President announced an update to all bills and the unit coins. These new bills were labeled as "Series 2011" since this was not a minor edit; there are many things that were changed with this update. For example, the numbers in the corners, the decorative borders, and the zeros in the large denomination were all standardized. Also, the reverse had been moderately revised. The update was mainly instilled to correct the pixelation on the Series 2010 bills as a result of their jpg format.

Created a year later, the 1000 Katane is still considered part of the 2nd Edition as it is in the exact same format and thus the same series (2011); the Taneda bills are also considered part of the 2nd Edition for the same reasons.

Denomination	Obverse	Reverse	Color	Issue Date	Order of Issue
5 Taneda			Copper	September 15, 2012	12th
10 Taneda			Gold	September 15, 2012	11th
25 Taneda			Pink	September 14, 2012	10th
50 Taneda			Light Blue	September 14, 2012	9th
1 Katane			White	February 17, 2011	7th
5 Katane			Red	February 16, 2011	6th
10 Katane			Blue	February 13, 2011	1st
20 Katane			Green	February 14, 2011	2nd
50 Katane			Yellow	February 15, 2011	3rd
100 Katane			Orange	February 15, 2011	4th
500 Katane			Purple	February 16, 2011	5th
1000 Katane			Silver	February 25, 2012	8th

Series 2013 (3rd Edition)

The Series 2013 Katane was announced on January 11, 2013 and is the third and last edition of Katane. The President planned a list of updates before the announcement and implemented some of them into the Series. The official start of the Series 2013 era was March 4, but the Taneda denominations were never made.

Denomination	Obverse	Reverse	Color	Issue Date	Order of Issue
5 Taneda			Copper	Never made	12th
10 Taneda			Gold	Never made	11th
25 Taneda			Pink	Never made	10th
50 Taneda			Light Blue	Never made	9th
1 Katane			White	February 25, 2013	3rd
5 Katane			Red	February 24, 2013	1st
10 Katane			Blue	February 24, 2013	2nd
20 Katane			Green	February 25, 2013	4th
50 Katane			Yellow	March 1, 2013	5th
100 Katane			Orange	March 1, 2013	6th
500 Katane			Purple	March 3, 2013	7th
1000 Katane			Silver	March 3, 2013	8th

Trivia

• The color of the unit coin denominations came from the original poker chips they were minted on. All of the first issue 5 Katane coins, for example, are red-sided.
• The name, Katane, was written on the coins in Secret Language writing. The proposed currency symbol was the first letter of the currency as the name appears on the coins, though the plain letter was used in online discussion.
• The United States dollar remained legal tender inside Ultamian territory, as most residents of Ultamiya used it for trade and business inside the United States.
• It was originally planned to keep the total of the unit coins in Katane a secret, but it was discovered on the Ultamian website that the President revealed that, in a news article explaining the bill system, the coins were valued at under 300 Katane total. In a comment on an older article, it was revealed the exact total of the coins came to 281. Since there were not enough of these coins to be circulated, they were never considered in use.
• The issuing of the 2010 50 Katane is the only one recorded on video.
• For much of the first half of June, the Republic of Serius used the Ultamian Katane due to hyperinflation of the Serian Dollar. After reforming into the Republic of Sakasaria, they dropped the Katane.
• The Kingdom of Varina used the Katane until the completion of the Varinian Florin on April 20, 2013.

See also

• Republic of Ultamiya