Peseta
The peseta (Latin: pensa; Reform Tainean: peseitau; sign: ₽; code: RPM) is the currency of Rumahoki and the preceding Delepasian Commonwealth since 1976. The modern peseta currency has its origins in the Latin realms of Vallos where their currencies were dubbed pensum, which is currently used as the official name of the peseta.
| Peseta | |
|---|---|
| Pensum Rumahocius (Latin) Peseta Rumajoquense (Pelaxian) Peseitau Roumahaukien (Reform Tainean) | |
| ISO 4217 | |
| Code | RPM |
| Denominations | |
| Superunit | |
| 1 | peso |
| 10 | duro |
| 100 | talego |
| 1,000 | kilo |
| Subunit | |
| 1⁄100 | centavo |
| 1⁄1000 | millavo This is so small that it is only ever minted for proof sets and collectables |
| Symbol | ₽ or Ps |
| centavo | ¢ |
| millavo | ₥ |
| Banknotes | |
| Freq. used | ₽1, ₽5, ₽10, ₽20, ₽50 |
| Rarely used | ₽100, ₽1,000 |
| Coins | |
| Freq. used | 5¢, 10¢, 25¢, ₽1, ₽2 |
| Rarely used | 1₥, 2₥, 5₥, 10₥, 25₥, 50₥ (collectables only), 1¢, 50¢, ₽5 (still in circulation) |
| Demographics | |
| Date of introduction | 21 May 1977 |
| User(s) |  Castadilla |
| Issuance | |
| Central bank | Bank of Rumahoki |
| Printer | Bank of Rumahoki |
| Mint | Imperial Vallosi Mint |
The current ISO 4217 code for the peseta is RPM; prior to the Velvet Revolution, the code DPT was used. The peseta's main unit is the peso, which is divided into 100 centavos (Latin: centesismo; Reform Tainean: centimes), which in turn is divided into 100 millavos (Latin: millesismo; Reform Tainean: millimes); the latter, however, is only ever seen in proof sets and as collectors' items instead of regular circulation. As of 7 July 2032, the peseta's exchange rate was ₽XX.XX per Taler, ₽XX.XX per Aureus, and ₽XX.XX per saar.
Overview
Decimal units
Ever since independence from Pelaxia in the 1850s, the states that would one day become Rumahoki opted for a decimal system of units to go with the unit peso, as follows: the millavo, one-thousandth of a peso; the centavo, one-hundredth of a peso; the décimo, one-tenth of a peso; and the duro, ten pesos. The current relevance of these units are as follows:
- Only the centavo (¢) sees everyday use as the division of the peso.
- The decimo is currently the name of the 10-centavo piece.
- The millavo (₥) is relatively unknown in current use, asides from avid coin collectors. Historically, the millavo was used in matters of sales taxes and gasoline prices up until the 1980s.
- The duro is colloquially used by the general public to refer to any amounts of peseta coinage that adds up to ten pesos.
When currently issued in circulation, denominations less than or equal to five pesos are emitted as coins, while denominations greater than or equal to a peso are emitted as banknotes, disregarding bullion or commemorative gold, silver, platinum, and paladium coins valued up to ₽100 or higher.
Etymology
The name was derived from the term pensum, a Latin word meaning "weight" that was originally used in reference to the amount of wool a slave was given to spin for the day. This would soon find use as the name of the currencies of the various Latin realms on Vallos by the time of Pelaxian colonisation. The Pelaxian settlers, now known as Delepasians, would wind up deriving two words from the word pensum, those being peso, used to refer to the main unit of coinage, and peseta, used to refer to the coinage in general, coming from the plural pensa.
Peseta sign
The symbol ₽, usually written before the numerical amount, is used for the peseta. The sign was the result of an evolution of the scribal abbreviation ps for the peso. The p and the s eventually came to be written over each other giving rise to ₽.
Another popular explanation is that it is derived from Pelaxia and Sarpedon, respectively the name of Rumahoki's colonial power and home continent. This theory suggests that the peseta sign was formed from the capital letters P and S written or printed one on top of the other, with the S soon becoming a dash - in order to save time, thus birthing the ₽ symbol.