View source for Wísdat

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{{Infobox currency
| currency_name_in_local = Wísdat
| image_1 = Chinese Cash.jpg
| image_title_1 = An 1850s era Wísdat coin
| alt1 =
| iso_code = 
| issuing_authority = 
| issuing_authority_website =
| date_of_introduction = [[1855]]
| date_of_introduction_source =
| using_countries = {{flag|Caracua}}
| inflation_rate =
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| subunit_ratio_1 =
| subunit_name_1 = 
| symbol = ₩
| symbol_subunit_1 = 
| nickname = 
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| plural = Wísdat
| plural_subunit_1 = 
| frequently_used_coins =
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| frequently_used_banknotes =
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}}
The '''Wísdat''' was the primary currency of the [[Northern Confederation]] and its successor states. Throughout its existence, it took the form of coins.

The Northern Confederation and its people did not have a formal currency for the earliest part of its existence, and many of its constituent peoples operated on barter. The continued effects of {{wp|globalization}} as well as increased trade with [[Varshan]] during the 19th century precipitated the need for a formal currency as the earliest of the Confederation's merchant class began to coalesce. The rise of [[Northern_Confederation#Constitutionalist_shift|constitutional government]] in the Confederation after [[1847]] empowered the National Conference to adopt a currency in [[1855]]. The new wísdat was a nickel coin due to the availability of that metal in [[Cusinaut]]. The metal for the coinage was mined in the [[Algosh Republic|Algosh lands]] but minted primarily in [[Pachaug]]. The monetization of the economy was a gradual process that was largely complete by [[1910]]. From the time of its adoption onwards, the wísdat would suffer extremely poor exchange rates vis a vis [[Occident]]al currencies and even the [[Zurgite Varshan]]i [[Ratzas|ratzas]], but the reform did dramatically improve the dynamism of the Confederation's economy for the rest of the century. The rates improved somewhat as currencies began to adopt a {{wp|fiat currency|fiat}} basis briefly in the mid-20th century, but subsequently crashed as the Northern Confederation entered a period of terminal decline. After the [[Algosh coup]], [[Algoquona]] continued to issue and use the traditional wísdat. After the collapse of that state and the reorganization of [[Cusinaut]] in the wake of the [[Final War of the Deluge]], the [[taler]] replaced the wísdat in most places. However, [[Caracua]] continues to issue and use a currency called the wísdat, though with different form and different metal content than the original.

[[Category:Currency]]
[[Category:IXWB]]
[[Category:Northern Confederation]]