Difference between revisions of "Pa'atuan pound"
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− | + | The '''Pa'atuan pound''' (Ŧ£) is the official [[currency]] of [[Pa'atua]]. It was formerly issued by the tiny Bank of Pa'atua, which has now closed. At the [http://nseconomy.thirdgeek.com/nseconomy.php?nation=Paatua current rate of exchange], Ŧ£1 is worth about €0.25. | |
− | The '''Pa'atuan pound''' ( | + | |
The currency was never much used, and is quasi-defunct now. Many Pa'atuans have always relied on subsistence production and exchange, with no use for money. The country's main source of income are remittances from expatriates. | The currency was never much used, and is quasi-defunct now. Many Pa'atuans have always relied on subsistence production and exchange, with no use for money. The country's main source of income are remittances from expatriates. | ||
− | Coins were issued with values of 10 pence, 50p, | + | Coins were issued with values of 10 pence, 50p, £1 and £2. Coins depict the country's only church building on one side, and an oyster on the other, thus reflecting the country's [[Pa%27atua#Religion|two religions]] co-existing in harmony... literally as the two sides of the same national coin. Banknotes have values of £5, £10, £20 and £100 (c.€25). Both sides of each banknote (in shades of green) depict a sunset over the lagoon, with two traditional canoes on the water. |
The [[Pa%27atua#Government|government]] announced that it would stop producing currency once the population was [[Pa%27atua#Climate_change_crisis|evacuated]] from the country. The bank closed when the Pa'atuan people were resettled on [[Los'vi]] island, [[Alfegos]]. Existing notes and coins are still legal tender, however, alongside the Alfegan aureus. | The [[Pa%27atua#Government|government]] announced that it would stop producing currency once the population was [[Pa%27atua#Climate_change_crisis|evacuated]] from the country. The bank closed when the Pa'atuan people were resettled on [[Los'vi]] island, [[Alfegos]]. Existing notes and coins are still legal tender, however, alongside the Alfegan aureus. |
Latest revision as of 17:37, 16 October 2007
The Pa'atuan pound (Ŧ£) is the official currency of Pa'atua. It was formerly issued by the tiny Bank of Pa'atua, which has now closed. At the current rate of exchange, Ŧ£1 is worth about €0.25.
The currency was never much used, and is quasi-defunct now. Many Pa'atuans have always relied on subsistence production and exchange, with no use for money. The country's main source of income are remittances from expatriates.
Coins were issued with values of 10 pence, 50p, £1 and £2. Coins depict the country's only church building on one side, and an oyster on the other, thus reflecting the country's two religions co-existing in harmony... literally as the two sides of the same national coin. Banknotes have values of £5, £10, £20 and £100 (c.€25). Both sides of each banknote (in shades of green) depict a sunset over the lagoon, with two traditional canoes on the water.
The government announced that it would stop producing currency once the population was evacuated from the country. The bank closed when the Pa'atuan people were resettled on Los'vi island, Alfegos. Existing notes and coins are still legal tender, however, alongside the Alfegan aureus.