Difference between revisions of "Mintel"
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| − | In the autonomous province of the [[Fargon Archipelago]], unique designs are printed by local banks which are nonetheless considered legal tender throughout the Commonwealth. These retain the obverse portrait of King Percival IV, but have localised imagery on the reverse. | + | |
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| + | *In the autonomous province of the [[Fargon Archipelago]], unique designs are printed by local banks which are nonetheless considered legal tender throughout the Commonwealth. These retain the obverse portrait of King Percival IV, but have localised imagery on the reverse. | ||
==Designs== | ==Designs== | ||
Revision as of 05:26, 20 April 2006
The official currency of the Freethinker Commonwealth is the Mintel (FMT) since independence from the Midlonian Empire in 1885. The Mintel is the only official legal tender within the Commonwealth, and is printed (in decade-long cycles) by the Freethinker Central Reserve, the independent National Bank. The Mintel is a decimalised currency, divided into a hundred subunits known as Coppers.
Contents
History
Before Independence
The Mintel
In 1885 the newly formed government of the Freethinker Commonwealth decided that
Denominations
The following is a list of avaliable denominations in both coinage and banknotes.
| Unit (HKK) | Obverse | Reverse | Notes |
|---|---|---|---|
| Coinage | |||
| 1 Copper | King Percival IV | Seal of the Freethinker Central Reserve | |
| 2 Coppers | King Percival IV | Seal of the Freethinker Central Reserve | |
| 5 Coppers | King Percival IV | Seal of the Freethinker Central Reserve | |
| 10 Coppers | King Percival IV | Seal of the Freethinker Central Reserve | |
| 20 Coppers | King Percival IV | Seal of the Freethinker Central Reserve | |
| 50 Coppers | King Percival IV | Seal of the Freethinker Central Reserve | |
| 1 Mintel | King Percival IV | Seal of the Freethinker Central Reserve | |
| 2 Mintels | King Percival IV | Seal of the Freethinker Central Reserve | |
| Banknotes | |||
| 5 Mintels | King Percival IV | Sir John Barham Bridge | |
| 10 Mintels | King Percival IV | Grand Shipping Canal | |
| 20 Mintels | King Percival IV | Olympia Gardens of Light | |
| 50 Mintels | King Percival IV | The Rings of Navarre | |
| 100 Mintels | King Percival IV | Pioneer Valley Viaduct | |
| 500 Mintels | King Percival IV | Spire of Navarrok | |
| 1000 Mintels | King Percival IV | Stylised Freestian Olympia | Used as a Bank Reserve only |
- In the autonomous province of the Fargon Archipelago, unique designs are printed by local banks which are nonetheless considered legal tender throughout the Commonwealth. These retain the obverse portrait of King Percival IV, but have localised imagery on the reverse.
Designs
New designs for coins and banknotes are commissioned every ten years, and are introduced on the 7th April of the respective years on the anniversary of Freethinker independence.
Older prints are considered desirable collectables, with pre-war sets especially being highly valued. First editions (from 1885 to 1895), depicting heroes of the First Moonstone War, are exceptionally prized.
Security
The Mintel can be considered one of the most secure currencies around, due to a significant effort by the Freethinker Government to secure the integrity of the currency and the financial networks of the Commonwealth itself. This interest by the Freethinker Government is due to several factors, notably the importance of international trading to the Freethinker economy, the large reach of Freethinker financial institutions and services, and perhaps also the emphasis the Freethinker Government itself places on offensive economic warfare when engaged in a conflict. Protection of the integrity of the Mintel is one of the principle duties of the Economic Warfare Bureau.
International Valuation
The Mintel operates on a free, floating exchange rate on the international markets, and currently sits, along with most high-performing economies, at a level of exchange roughly equal to ~US$2 = 1Mt. This provides a reasonably stable (and predictable) rate of exchange, which is considered a vital component of the important international finance and trading sectors.
Nicknames
Mint - Slang shortening of Mintel, use is extremely common.
Buck - Notable slang for a variety of currencies.
Shinies - Slang for higher value (1 & 2 Mintel) coinage, from the silver colouration of these coins.
See Also: The Freethinker Economy
