Southeast Alshar Lira: Difference between revisions
mNo edit summary |
mNo edit summary |
||
| Line 73: | Line 73: | ||
==Banknotes and coins== | ==Banknotes and coins== | ||
==Criticism== | ==Criticism== | ||
Critics of the introduction of the SA lira argue that it is a tool of economic colonization and undermining of the monetary sovereignty of the nations that use it. The Corummese central bank has a defacto veto on the membership composition of the Bank of Southeast Alshar's central board and therefore a large degree of influence over the zone's monetary policy. | Critics of the introduction of the SA lira argue that it is a tool of economic colonization and undermining of the monetary sovereignty of the nations that use it. The Corummese central bank has a defacto veto on the membership composition of the Bank of Southeast Alshar's central board and therefore a large degree of influence over the zone's monetary policy. Corummese central bank policies that prioritize anti inflationary measures have been blamed for stifling growth in nations that use the SA lira currency. Usage of the SA lira also encourages capital outflows away from user nations and towards Corumm. | ||
[[Category:Corumm]] | [[Category:Corumm]] | ||
[[Category:Alshar]] | [[Category:Alshar]] | ||
[[Category:Currency]] | [[Category:Currency]] | ||
Revision as of 16:12, 22 November 2022
| 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 the official 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
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.
Banknotes and coins
Criticism
Critics of the introduction of the SA lira argue that it is a tool of economic colonization and undermining of the monetary sovereignty of the nations that use it. The Corummese central bank has a defacto veto on the membership composition of the Bank of Southeast Alshar's central board and therefore a large degree of influence over the zone's monetary policy. Corummese central bank policies that prioritize anti inflationary measures have been blamed for stifling growth in nations that use the SA lira currency. Usage of the SA lira also encourages capital outflows away from user nations and towards Corumm.