Barra

From IxWiki
Jump to navigation Jump to search

The Barra (symbol: ฿; code: BAR; plural: Barrann) is the primary legal currency of Faneria. It was established in 1832 after the first Fhainnin Constitution as a replacement for Corinn (Crowns) and as a method of centralizing banking and minting under the monarchy's control. It remained the legal currency throughout the Civil War and to the present day with several modifications, including the addition of a decimal system in 1873 and the alteration of legal denominations in 1911 to alter the denominations printed.

Barra
Denominations
Subunit
 ​110Pàirtbarra
PluralBarrann
Symbol฿
Banknotes
 Freq. used฿1, ฿5, ฿15, ฿30, ฿60, ฿120
 Rarely used฿360
Coins
 Freq. used฿.1; ฿.5; ฿1; ฿5
 Rarely used฿.05; ฿.25; ฿.75; ฿15
Demographics
Date of introduction1832
Official user(s) Faneria
Unofficial user(s)Parts of Fiannria
Parts of Caergwynn (until 2012)
Issuance
Central bankNational Mint Bureau (Office of the Treasury)


History

Creation

1873 Currency Reformation

Under Rih _________, the Barra was transitioned to a decimal currency system. Numerous local currencies used in combination with the Barra, mostly left over from the Corinn system, were rendered unusable for tax purposes five year after the Reforms, with a set of 'parts of a Bar' created. Originally, these denominations came in .05, .1, .25, .5, and .75; additionally, coins for 1, 2, 3 and 5 Barrann were minted.

1911 Republican Reforms

After the Fhainnin Civil War, one of the earliest Republican reforms was the reformation of the currency. The previous decimal system had proven slightly complex, so the number of denominations was decreased; .1, .5, 1, and 5-Barrann coins were kept minus their previous royalist filigree. Banknotes were kept in the same arrangement as previous due to the difficulty of switching over.

Denominations

Coins

post-1873: .05, .1, .25, .5, .75, 1, 2, 3, 5

post 1911: .1, .5, 1, 5

Coins are available in one Pàirtbarra (1/10th Barra/.10 Barra), five Pàirtbarra (half-Barra), one Barra, and five Barra versions; the Thaler's nickel-equivalent (.05, or half-Pàirtbarra), quarters (two-and-half-Pàirtbarrann), and others (฿.75 and ฿15) were historically made but currently are only collector's items. 5-Barra coins are also increasingly less common. Unusual coins are still legal tender, but people are encouraged to turn them into collectors' items or exchange them for other, newer legal tender.

Notes

1, 2, 3, 5, 6, 10, 12, 15, 20, 25, 30, 50, 60, 90, 120, 150 historically

post 1873: 1, 5, 15, 30, 60, 120

See Also

Office of the Treasury Economy of Faneria