Southeast Alshar Lira

Southeastern Alshar Lira
假钱 , أموال وهمية
Denominations
Superunit
Subunit
Plural	lira
Symbol	圓
Banknotes	SA$100, SA$200, SA$500, SA$1000, SA$2000
Coins	SA$1, SA$5, SA$10, SA$20, SA$50
Demographics
Date of introduction	2002
User(s)	Canpei Tanhai Rusana
Issuance
Central bank	Bank of Southeast Alshar
Mint	Central Mint (Corumm)

The SA lira or Southeast Alshar Lira is the name of a currency used in three independent nations of the Southeast Alshar Economic Union: Rusana, Canpei and Tanhai. The SA lira is pegged to the Corummese Lire, allowing it to be a stable and credible currency compared to other, independent Alshari currencies. As part of agreements with the Southeast Alshar Economic Union, sixty percent of the reserves of the Bank of Southeast Alshar are held by the Corummese central bank.

History

Members of the Southeast Alshar Economic Union

The creation of the Southeast Alshar lira was agreed to during central bankers summit of the Southeast Alshar Economic Union in Dhaydah and officially introduced in August 2002. The Dhaydah Memorandum that outlined the adoption of a unified currency established four main pillars, it pegged the SA lira to the Corummese lire and established a fixed exchange rate at 535.26 SA Liras to 1 Corummese Lire. A Corummese guarantee of unlimited convertibility of SA lira to lires. The centralization of foreign exchange reserves, with the new Bank of Southeast Alshar required to deposit sixty percent of reserves in Corumm. Lastly the principle of free capital movements within the economic union.