Sterling

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The Steling was the name of the official currency of the Danaan High Kingdom before the formation of the Confederated Peoples. It will continue to be accepted as legal tender until 1 August 2007 although its value will not be determined by the market but will be fixed a two Confederal dollars. Although the sterling will no longer be accepted as a circulating currency after 1 August, the Confederated Peoples will continue to redeem sterlings held by private parties at the same rate until 1 February 2008. After this period, the Confederated Peoples will only redeem sterlings held by foreign states although it shall continue to do this indefinitely at the same fixed rate.

Numismatic history

The term sterling refers to silver which was the primary precious metal used as currency among Danaans prior to the Homecoming War. However, the Resurgent Dream was never on an official and organized silver standard. The term sterling was artificially chosen as the new name for Danaan currency after the Shattering rendered the continued effective use of the dross impossible.