Yaran peso
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| Yaran Peso | |
|---|---|
| Denominations | |
| Plural | Pesos |
| Symbol | Ps |
| Banknotes | Frequently used 1,2,5,10,20,50,100,500 Peso Rarely used: 1000 Peso |
| Coins | 50 Mils, 1, 2, 5 peso |
| Demographics | |
| User(s) | None, Previously Republica Yara |
| Valuation | |
| Pegged with | Kuwaiti Dinar, Kyrati credits are pegged to Pesos at rate of 1:1000 |
Yaran Peso is official currency of Republica Yara, it is divided into Mils. Peso was intorduced on 3.11.2021. to replace Zubizalandian Franc, an exchange rate of 2 Francs to 1 Peso was established by Central Bank of Yara. It was in Wide circulation until introduction of Microcredits. After break down of AOTM-Yara relations, emeregency banknotes in denominations of 1,5,10 and 20 Pesos were introduced, they were later swapped for Rhodesian Dollar.
On 18.11.2021 Yaran Peso notes have been pulled out of circulation due to new currency called Microcredits. Peso can be exchanged for Microcredits until 31.12.2021. when it is going to be completely demonetized.