Southeast Alshar Lira

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.

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)

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.

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.

Banknotes and coins

1999 Series
Image	Value	Dimensions	Main Color	Description			Date of			Remark
				Obverse	Reverse	Watermark	printing	issue	withdrawal
	SA$100	145 × 70 mm	Red	San Min, "The Chapter of Great Harmony"	Chung-Shan Building	Mei flower and numeral 100	2000 (Minguo 89)	2001-07-02
	SA$200	150 × 70 mm	Green	Ching Keishek, theme of land reform and public education	Bank of Southeast Alshar	Orchid and numeral 200	2001 (Minguo year 90)	2002-01-02
	SA$500	155 × 70 mm	Brown	Youth baseball	Formosan sika deer and Dabajian Mountain	Bamboo and numeral 500	2000 (Minguo year 89)	2000-12-15		without holographic strip
							2004 (Minguo 93)	2005-07-20		with holographic strip
	SA$1000	160 × 70 mm	Blue	Elementary Education	Mikado pheasant and Jade Mountain)	Chrysanthemum and numeral 1000	1999 (Minguo year 88)	2000-07-03		without holographic strip
							2004 (Minguo year 93)	2005-07-20		with holographic strip
	SA$2000	165 × 70 mm	Purple	OMONSAT-1, technology	Rusani landlocked salmon]] and Mount Balad	Pine and numeral 2000	2001 (Minguo year 90)	2002-07-01		with holographic strip