The Taraskovyan Frank ( TFR ) is the currency of the Grand Duchy of Tarasovka, as well as of the various territories under its jurisdiction. It is renowned for being a stable currency that managed to retain its value during the Plague and the Time of Troubles.
History of the Frank
The Grand Duchy did not always have a single monetary unit that would be valid on the entirety of its territory. By the reign of Grand Duke Alexey, the Grand Duchy finally settled with a single currency for the High Duchies, which was the kithekh. The Duchies, however, each retained their own currencies, making trade between the core of the Grand Duchy and its autonomous dependencies quite problematic.
Everything changed when Alexey’s wife, Grand Duchess Anastasya Orlova-Shakhovskaya, invited a number of Helvetian bankers to the Grand Duchy in order to conduct a monetary reform and create a single currency. After long negotiations and minor military skirmishes, the Duchies, favourable to the Grand Duchess, and the High Duchies, favourable to the Tal-Nash house, agreed on a single currency. The name was chosen in order to strike a compromise between the Orlovs and the Tal-Nash, and the Frank was born.
Frank Exchange Rate
The Taraskovyan Frank is free float, even if sometimes the Taraskovyan National Bank tries to influence the rates by changing interest rates, this to best serve the interests of the Taraskovyan economy. As of now, 1TFR is exchanged for approximately 1,5USD.