Ayrwll Silver Crown
The Aeruillin Silver Crown has been an official currency of the nation of Aeruillin since the Federation was founded by the Pact of Aeruillin. At the time of this writing, one crown is worth $1.7712 .
It is significant in several ways: Firstly, it does not have paper form. ASC currency is physically represented in coins, and otherwise transferred electronically. Secondly, it has, for most of its history, been backed by air. This did not matter because the monetary value of each coin was (and is still) only slightly higher than the metal value, and any inflation would therefore be quickly caught by this "safety net" as people melt down the coins that are now less valuable than the materials they are made of.
The rise of electronic banking (and with it, the detachment of the value of "one crown" from the one-ounce silver disc stamped with the flag) has made it necessary for the republic's government to acquire some means of backing. Rather than attach this value to some metal or other raw material, they have simply bought up an immense basket of international currencies. However, the national reserve does include several hundred metric tons of Mithril, a noble metal similar to platinum, which can be mined only in very few nations, Aeruillin among them.
National Reserves
The ASC is backed by the following internationally accepted currencies, as well as several national currencies of prominent nations. Note that the bulk is spread equally between the CACE World Dollar and the WBO Menelmacari Credit for political reasons, as most nations recognize only one of the two. In keeping with its principle of neutrality, Aeruillin recognizes both.
- World Dollar 35%
- Menelmacari Credit 35%
- Sovereign 15%
- Hack Chit 5%
- 99% pure Mithril bullion 10%
Coinage
Please refer to the Aeruillinyan Units Guide for more information. I'm planning to move some of that content here, but not now.
- rhul - 1/144 of a crown
- denar - 1/12 of a crown
- perin - 1/2 of a crown
- crown - 1 crown
- mentin - 5 crowns
- ran - 25 crowns
- elar - 100 crowns
- lyr - 5000 crowns
The crown (abbreviated C) is divided into 144 rhul (abbreviated cc). One and a half crowns are therefore one crown and 72 rhul, or 1,72 (Aeruillin uses base-12). In international deals, all values will be given solely in decimal amounts of crowns.
