Ultamian katane

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Ultamian Katane
Obverse 5 Katane.png
Reverse 5 Katane.png
Official users Flag of Michrenia.png Kingdom of Michrenia
Pegged to 2 US dollars
Symbol K
Code ULK
Sub-unit Taneda
Coins None
Banknotes t5, t10, t25, t50, K1, K5, K10, K20, K50, K100, K500, K1,000 (bank transactions only)
Central bank Unknown
Printer Unknown

The Ultamian Katane was the national currency of the Republic of Ultamiya, and later by the Kingdom of Michrenia. It was introduced on April 21st, 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 21st 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 21st, 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 28th, a week later, he made 6 of the bills, officially inaugurating the bill project. The 50 Katane was introduced on May 29th, and issued on June 7th. The 100 Katane was introduced on June 7th, and released on June 16th. The 500 Katane was introduced on June 16th, and was issued a week later.

Subunit

On January 9th, 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 28th, 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 25th, 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 14th, 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 14th and 15th.

Series 2010 (1st Edition)

Denomination Obverse Reverse Color Issue Date Order of Issue
10 Taneda (Obverse in same

format for all coins)

COIN REVERSE t10.jpg Gold January 11th, 2011 10th
25 Taneda COIN REVERSE t25.jpg Pink January 10th, 2011 9th
50 Taneda COIN REVERSE t50.jpg Light Blue January 9th, 2011 8th
1 Katane Katane Coin Obverse.png COIN REVERSE 1.jpg White April 22nd, 2010 1st
5 Katane COIN REVERSE 5.jpg Red April 22nd, 2010 1st
10 Katane COIN REVERSE 10.jpg Blue April 22nd, 2010 1st
20 Katane BILL OBVERSE 20.jpg BILL REVERSE 20.jpg Green May 28th, 2010 4th
50 Katane BILL OBVERSE 50.jpg BILL REVERSE 50.jpg Yellow June 7th, 2010 5th
100 Katane BILL OBVERSE 100.jpg BILL REVERSE 100.jpg Orange June 16th, 2010 6th
500 Katane BILL OBVERSE 500.jpg BILL REVERSE 500.jpg Purple June 23rd, 2010 7th

Series 2011 (2nd Edition)

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

Series 2013 (3rd Edition)

The Series 2013 Katane was announced on January 11th, 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 4th, 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 Obverse 1 Katane 2013.png Reverse 1 Katane 2013.png White February 25th, 2013 3rd
5 Katane Obverse 5 Katane 2013.png Reverse 5 Katane 2013.png Red February 24th, 2013 1st
10 Katane Obverse 10 Katane 2013.png Reverse 10 Katane 2013.png Blue February 24th, 2013 2nd
20 Katane Obverse 20 Katane 2013.png Reverse 20 Katane 2013.png Green February 25th, 2013 4th
50 Katane Obverse 50 Katane 2013.png Reverse 50 Katane 2013.png Yellow March 1st, 2013 5th
100 Katane Obverse 100 Katane 2013.png Reverse 100 Katane 2013.png Orange March 1st, 2013 6th
500 Katane Obverse 500 Katane 2013.png Reverse 500 Katane 2013.png Purple March 3rd, 2013 7th
1000 Katane Obverse 1000 Katane 2013.png Reverse 1000 Katane 2013.png Silver March 3rd, 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 20th, 2013.

See also